BlackRock Leaves Major Climate Group Amid Wall Street Exodus January 10, 2025 By Silla Brush, Saijel Kishan and Alastair Marsh BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for...
A $24 Billion Fund Puts Its Religious Stamp on Corporate America January 3, 2025 By Jeff Green and Saijel Kishan Jim Lake, a devout Christian in Washington state, said his religious beliefs have always made him opposed to practices such...
Fund Opposing DEI-Hiring Goals Targets Nike, Kraft and Autodesk December 31, 2024 By Saijel Kishan and Jeff Green A new investment fund that plans to oppose corporate DEI hiring goals is taking aim at Nike Inc., Kraft Heinz...
Wells Fargo Says It’s Quitting Climate-Banking Group December 23, 2024 By Saijel Kishan and Alastair Marsh Wells Fargo & Co. said it’s leaving the world’s biggest climate alliance for banks, in the latest sign that Wall...
An ESG Backlash Erupts in Europe on World’s Strictest Rules September 10, 2024 By Lisa Pham, Frances Schwartzkopff and Saijel Kishan For TotalEnergies SE Chief Executive Officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of...
Companies Downplaying DEI Executive Pay Goals June 18, 2024 By Jeff Green and Saijel Kishan A growing number of America’s biggest companies are revising diversity metrics for executive pay, a possible sign that conservative-led attacks...
BlackRock Gets Legal Warning Over ESG Funds From Mississippi March 28, 2024 By Saijel Kishan and Silla Brush BlackRock Inc. faces the prospect of being barred from offering securities in Mississippi after state officials accused the investment firm...
Tennessee Officials Sue BlackRock for ‘Misleading’ ESG Strategy December 27, 2023 By Saijel Kishan (Bloomberg) — The state of Tennessee sued BlackRock Inc. for allegedly breaching consumer protection laws by making “misleading” statements about...
New York City Pension Plans Seek to Dismiss Lawsuit Over Fossil Fuel Stakes August 16, 2023 By Saijel Kishan New York City pension funds filed a motion to dismiss a lawsuit filed in May that alleged the plans breached...
‘Hating ESG’: Advocates Are Looking to Replace the Label August 24, 2022 By Saijel Kishan and Frances Schwartzkopff A number of sustainable investing champions say it’s time for the “ESG” label to be shelved and replaced by something...