Another Trump rollback undone, another step forward for sustainable investing.
Some call it ESG — the growing attention of big investors to a company’s record Environmental, Social, and Governance issues. Some call it responsible investing. Others call it “woke.” On Nov. 22, the Biden Administration notched a victory in this ongoing battle, allowing ESG investments by private pension plans. Those plans now hold roughly $13 …CONTINUE READING
It’s not just a U.S. thing. Shareholder worries about climate risks are global.
Rio Tinto historically has been far from an environmental paragon. That made an investor revolt last week over the giant mining company’s climate disclosures especially notable. It’s also notable that this took place in London, showing that investor worries about climate change are worldwide. These are people with real money at stake, unlike conservative politicians …CONTINUE READING