ESG

Pension Funds Push Forward on Climate Goals Despite Backlash

Funds in blue states and Europe, have emerged as a bulwark against efforts to sideline climate-related risks.

Baby Boomers Push Harder for ESG

Shareholder advocates age 60+ and faith-based investors are lobbying Congress, banks and corporations to resume climate-change efforts and other initiatives.

Big Banks Quit Climate Change Groups Before Trump’s Term

Large American banks and money managers still have to meet climate-risk demands in Europe, where they have substantial client bases.

Texas Sues Big Three Asset Managers Over Coal

Texas's AG charges they conspired to artificially constrain the coal market through anti-competitive practices.

Court Rules for Advisors Providing ESG Advice

A District Court judge stopped Missouri from enforcing rules affecting advisors who incorporate ESG objectives into investment advice.

State Threatens Multimillion Penalty Against BlackRock

BlackRock has been issued a legal warning by the U.S. state of Mississippi over "false and misleading statements to Mississippi investors" tied to its...

SEC Adopts Final Rules for Climate-Related Disclosures

The new rules will provide “consistent, comparable and decisions-useful information,” says SEC Chair Gensler.

Why Wall Street Firms Are Flip-Flopping on Climate

JPMorgan, State Street and Pimco pulled out of an international coalition of money managers pushing big companies to address climate issues.

Investors Pull Billions From Sustainable Funds Amid Political Heat

All in all, it was the “worst calendar year on record,” wrote Alyssa Stankiewicz, Morningstar’s director of sustainability research.

Controversial Biden ESG Rule Stands

A Biden administration rule that allows employee retirement plans to consider ESG issues when investing has survived a legal challenge.

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GoFundMe Launches Charitable Giving Funds with Vanguard, BlackRock

GoFundMe has 200 million users and could broaden the appeal of donor-advised funds for charitable giving — and centralize giving.

Warren Buffett Donates Record $6 Billion Berkshire Shares

The latest donation boosts his overall giving to charities to well over $60 billion.

Capital Group Boosts Retirement Plan Service With Advisor-Focused Upgrades

 RecordkeeperDirect additions include “fund flexibility” offering investments from other fund families.

Firms Need to Get Back to the Basics of Organic Growth, Report Urges

Some that use artificial intelligence for prospecting are reporting huge gains in lead generation.

Seniors Outnumber Children in 11 States and Almost Half of Counties

There are still more kids than older adults, but that difference is shrinking as more boomers hit 65.   

BlackRock Aims to Tap Into Texas Reputation

BlackRock launches an ETF to tap into Texas's growing reputation as a magnet for companies, capital and jobs in the United States.

1 in 3 Baby Boomers Vow to Never Sell Their Home

The reluctance of older homeowners to sell makes it more difficult for younger generations to find a home.