Tag: economy and society

In this week’s edition of Economy and Society: In the states Indiana pension board removes assets from BlackRock’s management What’s the story? The Indiana Public Retirement System’s trustees voted last week to stop using BlackRock for asset management services. The board is considering three firms as replacements: State Street, UBS, and Northern Trust. Why does…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world Trump announces pick for next SEC chairman What’s the story? President-elect Donald Trump announced last week that he will nominate Paul Atkins as the next Securities and Exchange Commission (SEC) chairman.  Why does it matter? Atkins’ views on ESG differ…

In this week’s edition of Economy and Society: In the states 11 states sue BlackRock, Vanguard, and State Street over antitrust laws What’s the story? Eleven Republican-led states on Nov. 27 sued BlackRock, Vanguard, and State Street – the Big Three passive asset managers – arguing the firms violated antitrust laws. The states claimed climate…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world Trump picks fossil fuel proponent for Department of Energy head What’s the story? President-elect Donald Trump (R) announced Nov. 16 that he picked Chris Wright—who has previously said fossil fuel production helps drive economic growth and alleviate poverty—to head the…

In this week’s edition of Economy and Society: Around the world British government drafts legislation to allow ESG ratings regulations What’s the story? The British government is circulating draft legislation that would allow the Financial Conduct Authority (FCA) to issue regulations for ESG rating services. Parliament is expected to introduce a finalized version of the…

In this week’s edition of Economy and Society: In Washington, D.C. Trump election win may bring new ESG rules What’s the story? Changes to federal ESG rules are likely following Donald Trump’s (R) presidential election win. Two regulatory agencies specifically—the Securities and Exchange Commission (SEC) and the Department of Labor (DOL)—have promulgated significant rules favoring…

ESG developments this week In this week’s edition of Economy and Society : In the states Oklahoma AG appeals ESG ruling to state Supreme Court What’s the story? Oklahoma Attorney General Gentner Drummond (R) filed an appeal with the state Supreme Court seeking to overturn a lower court’s ruling against the state’s anti-ESG law. The…

ESG developments this week In this week’s edition of Economy and Society : Election Day is in one week, and Ballotpedia staffers will be working around the clock to bring our readers updates on the latest election results. Next week’s edition of Economy and Society will land in your inbox on Thursday, but don’t worry…

ESG developments this week Economy and Society is Ballotpedia’s weekly review of ESG stories that characterize the growing intersection between business and politics. Around the world Law firm alleges BlackRock misled investors with environmental claims ClientEarth—an environmental law charity based in London—has filed a complaint with French regulators claiming BlackRock (the world’s largest asset manager)…