Top Fund Managers Ask Federal Court to Dismiss Climate-Related Antitrust Lawsuit March 24, 2025 By Ross Kerber and Shivani Tanna BlackRoc, Vanguard and State Street have asked a federal court in Texas to dismiss a state lawsuit accusing the top...
Proxy Adviser Glass Lewis Sticks With Diversity Guidance, Will Flag Risks March 6, 2025 By Ross Kerber Proxy adviser Glass Lewis will continue to consider boardroom diversity when advising how to vote at U.S. company annual meetings,...
Vanguard Pauses Corporate Meetings Over New ESG Guidance February 20, 2025 By Ross Kerber Top mutual fund manager Vanguard has paused meetings with portfolio companies while it reviews the impact of new guidance on...
Trump’s SEC Leader Shifts Power From Investors to Boardrooms February 19, 2025 By Ross Kerber New policies from the top U.S. securities regulator hand corporate boards more power over investors in ways that could curtail...
Investor Climate Group Suspends Activities After BlackRock Exit: Reuters Exclusive January 14, 2025 By Simon Jessop and Ross Kerber A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its activities...
Companies Boost Social and Climate Reporting Amid ESG Backlash October 31, 2024 By Ross Kerber Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from...
New York State Insurance Fund Swapped Coal Assets for Responsible Index ETF September 27, 2024 By Ross Kerber and Isla Binnie Moving money from coal assets to a new responsible-investment exchange-traded vehicle provided the sort of quick win the New York...
Oklahoma Judge Blocks State’s Anti-ESG Law May 9, 2024 By Clark Mindock and Ross Kerber A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment...
JPMorgan, State Street Quit Climate Group, BlackRock Steps Back February 16, 2024 By Simon Jessop and Ross Kerber JPMorgan Chase’s and State Street’s investment arms on Thursday both quit a global investor coalition pushing companies to rein in...
Companies Face Less Pressure for Climate and Social Reforms June 9, 2023 By Ross Kerber Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as...