Tag: esg

  • State treasurers argue corporations should focus on shareholder value

    Posted on

    A group of Republican state treasurers sent a letter on Aug. 28 asking the Business Roundtable to change its 2019 statement defining the purpose of corporations. The treasurers argued the definition deprioritized shareholder interests in profit and risk management and promoted ESG investing. Ballotpedia tracks support for and opposition to the environmental, social, and corporate…

  • Indiana Secretary of State issues cease-and-desist order against BlackRock

    Posted on

    Indiana Secretary of State Diego Morales (R) announced his office issued a cease-and-desist order Aug. 22 against BlackRock, arguing the asset manager misled investors and used non-ESG funds to promote ESG goals. Ballotpedia tracks support for and opposition to the environmental, social, and corporate governance (ESG) investing movement. To learn more about arguments for, against,…

  • Fifth Circuit sends ESG rule to lower court following Loper Bright

    Posted on

    The United States Court of Appeals for the Fifth Circuit ruled July 18 that the U.S. District Court for the Northern District of Texas must rehear a case opposing the Department of Labor’s (DOL) 2022 environmental, social, and corporate governance (ESG) investing rule. Appeals Judge Don R. Willett said the lower court needed a chance…

  • SEC files brief defending climate rule

    Posted on

    The Securities and Exchange Commission submitted a brief to the U.S. Eighth Circuit Court of Appeals last week seeking to defend its rule requiring corporate climate disclosures. The agency argued environmental risks are relevant to investment decisions. Ballotpedia tracks support for and opposition to the environmental, social, and corporate governance (ESG) investing movement. To learn…

  • Companies prepare for global climate reporting standards

    Posted on

    The SEC has paused enforcement of its rule requiring corporate climate disclosures, but companies are still preparing to comply with ESG standards, especially from the European Union. Some companies are already starting to report ESG data in response to uncertainty over when regulations will become enforceable, according to a recent Fortune piece. Ballotpedia tracks support…

  • Labor department ESG rule sent back to lower court for rehearing

    Posted on

    The U.S. Court of Appeals for the Fifth Circuit ruled July 18 that the U.S. District Court for the Northern District of Texas must rehear the Republican attorneys general lawsuit opposing the Department of Labor’s 2022 rule allowing the use of ESG in ERISA-governed pension plans. The Fifth Circuit said the lower court needed to…

  • House Appropriations Committee passes budget blocking ESG labor rule

    Posted on

    The House Appropriations Committee passed a fiscal year 2025 labor budget bill on July 10 that proposed prohibiting the Department of Labor from implementing its rule allowing ESG considerations in Employee Retirement Income Security Act (ERISA)-governed retirement plans. Ballotpedia tracks support for and opposition to the environmental, social, and corporate governance (ESG) investing movement. To…

  • Indiana treasurer adds BlackRock to state ESG watchlist

    Posted on

    Indiana Treasurer Daniel Elliott (R) announced June 21 that he added BlackRock, the world’s largest asset manager, to “a state watchlist, accusing the firm of making illegal environmental, social or governance (ESG) commitments,” according to the Indiana Capital Chronicle. The decision was related to a 2023 state law banning ESG in state pension investments. Ballotpedia…