An ESG champion stumbles
California’s public employee pension system has a decade of underperforming.
An ESG champion stumbles Read MoreTag: Sustainable investment
An anti-ESG activist investor is pushing for changes at Apple and Disney
An activist investor who has been a vocal critic of so-called environmental, social and governance, or ESG, investments is urging Apple Inc. AAPL 1.07% and Walt Disney Co. HAZE -1.74% …
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ESG does neither very well nor very well
Trillions of dollars have flowed into environmental, social and government funds in recent years. In 2021 alone, the figure grew by $8 billion a day. Bloomberg Intelligence projects that more …
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ESG cannot square with fiduciary duty
Nineteen state attorneys general last month wrote a letter to BlackRock CEO Laurence D. Fink. They warned that BlackRock’s environmental, social and governance investment policies appear to involve “widespread violations” …
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Break up the ESG investment giants
Illustration: David Klein Three of the biggest investment boutiques in the US – BlackRock, Vanguard and State Street – have long used their dominance in passive investment funds to force …
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ESG Backlash at Odds With Shift by Companies and Investors
Republicans are stepping up efforts to prevent investors from considering environmental and other factors in their decisions. They run up against the trillions of dollars in investments committed to funds …
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Wall Street Rails Against the Costs of Chairman Gary Gensler’s Regulatory Agenda at the SEC
WASHINGTON—Wall Street is trying to derail Securities and Exchange Commission Chairman Gary Gensler’s agenda by challenging the economic assumptions underlying dozens of policy proposals. Brokerages, hedge funds, private equity firms, …
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The ESG investment backlash is arriving
A specialist trader works on the post where BlackRock is traded on the floor of the New York Stock Exchange, New York City, July 21. Photo: BRENDAN MCDERMID/REUTERS Our legendary …
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Arizona defends retirees against ESG
Wall Street and the financial industry’s social purpose should be to protect investors’ savings and retirement money. Asset managers claim to focus on financial returns, but they have teamed up …
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After Ukraine, even sexy startups are not ashamed of military ties
Even venture capitalists can learn to stop worrying and love the bomb. Friday marked the end of the Farnborough International Airshow 2022, where the global aviation industry gathered for the …
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