The Woke Street Journal
ESG Funds Underperformed in 2023. Backlash Wasn’t the Problem.-Barron’s
Most of the ESG underperformance in 2022 can be attributed to ESG funds’ underweight in the traditional energy sector, she noted in the report.
“When ESG funds underperformed in 2022, we blamed it on their energy underweight,” said Ma. “But a second consecutive year of underperformance in 2023 can no longer be easily brushed aside.”
Still doing it, just not bragging about it anymore. The Latest Dirty Word in Corporate America: ESG-WSJ
Following years of simmering investor backlash, political pressure and legal threats over environmental, social and governance efforts, a number of business leaders are now making a conscious effort to avoid the once widely used acronym for such initiatives.
ESG Campaigns Seen Falling Out of Favor With Activist Investors-Bloomberg
Activist investors are expected to carry out fewer environmental and social campaigns this year after the strategy proved less lucrative than other shareholder agendas, according to business consulting firm Alvarez & Marsal Inc.
'ESG: how we spend our money is more useful than where we invest it'-FT Adviser
Personally, I have always been sceptical about ESG funds and the actual impact the vast majority have.
I’m not sure Shell or BP are greatly concerned if a fund manager decides not to hold their shares or how that influences their day-to-day business operations and decisions.
Huh? Isn’t the job to make money for pensioners? SWFs, Pensions Prefer ESG Despite Disappointments-SWFI
ESG has been a disappointment for many asset managers as various renewable energy companies have gone bankrupt or are in danger of doing so in the past few years.
Wall Street Suit Over ESG Curbs Survives Missouri Bid to Ax Case-Bloomberg Law
A Wall Street challenge to Missouri’s high-profile environmental, social and governance investing constraints can proceed in court after a federal judge rejected the state’s attempt to scuttle the case.
At least somebody is making money on ESG. Hedge Funds Target ‘Catastrophic’ ESG Cases for Huge Returns-Bloomberg
The area in question is litigation finance, and the focus is alleged ESG transgressions. Regularly bankrolled by hedge funds and other alternative investors, the lawsuits target supposed corporate misdeeds such as broken environmental pledges, exploited workers or corporate governance failings. A successful case can leave a litigation funder with returns well in excess of 25%.
What about just focusing on your business and your shareholders? Companies are getting it from all sides on ESG. They’re either ‘going too far’ or ‘not doing enough’-Fortune
Go Woke, Go Broke? Fox Correspondent Breaks News on BlackRock’s ESG-mrcNewsBusters
Gasparino made clear that BlackRock CEO Larry Fink’s obsession with pushing radical Environmental, Social and Governance investing was going to cost a significant number of BlackRock employees their jobs on Cavuto Live Jan. 6.
Of course not. Is BlackRock's Retrenchment From ESG Real?-Real Clear Markets
No way, government regulations unclear? Europe's ESG Regulations Befuddle Wealth Managers-WealthBriefing
But what if he declares himself a dictator? How could a potential Trump re-election impact ESG portfolios?-ESG Clarity
In other words, the green transition will plough ahead from November 2024, whether there is the IRA or not, and whether Trump is in the oval office or not.
Lawmakers to hold hearing on ‘woke ideologies’ influencing the military-The Center Square
“The men and women who bravely serve within the military must stay focused on combat readiness, not left-wing objectives which serve no military purpose,” Grothman said in a statement. “It is imperative to extract this poisonous and unhelpful thinking from our military and return the armed services to their core functions.”
Government run health care. Woke NHS asks patients to choose from 12 genders and if they are 'Goddess, Satanist or Druid'-GBN
‘Eventually you win’: J.K Rowling and Ricky Gervais stand up to the woke-Sky News Australia
“To meet growing demand,” the Indian government said on Dec. 11 it expects to roughly double coal production, reaching 1.5 billion tons by 2030. Later, the power minister Raj Kumar Singh set out plans on Dec. 22 to add 88 gigawatts of thermal power plants by 2032. The vast majority of which will burn coal.
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