Judge Reed O’Connor, a federal judge in Texas, ruled that American Airlines violated its fiduciary duty to retirement plan participants by failing to prevent Blackrock from engaging in investment actions to address long-term risk and value-creation.
Read MoreThe U.S. Securities and Exchange Commission (SEC) ruled against Deere & Co’s “no-action” request to exclude a shareholder proposal filed by As You Sow on behalf of shareholder Amalgamated Bank, asking the company to address the effectiveness of the Company’s policies in creating a meritocratic workplace, especially in the face of Deere’s recent diversity policy rollbacks.
Read MoreToday, the U.S. Securities and Exchange Commission (SEC) published new rules to prevent misleading or deceptive use of environmental, social, and governance (ESG) terms in mutual fund names. The new rules modernize the Investment Company Act “Names Rule” to ensure that the name of a fund adequately and accurately represents the investment strategy of the fund, as part of the SEC’s efforts to fight greenwashing in the sustainable investment industry.
Read MorePresident Biden today issued the first veto of his presidency on a resolution to overturn the Congressional Review Act bill intended to overturn a Department of Labor rule that empowers retirement plan fiduciaries to consider material environmental, social, and governance risks when making investment and proxy voting decisions.
Read MoreThe Department of Labor today released its long-awaited “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” rule that empowers plan fiduciaries to safeguard the savings of America's workers by clarifying that …
Read MoreAs You Sow today launched the Climate Inflation initiative, an educational initiative to help people understand how climate change is negatively impacting our lives, including driving up supply chain costs.
Read MoreStudents teams from 12 universities across the U.S. and Canada have entered a head-to-head contest in the Intentional Endowments Network‘s (IEN) Student Corporate Engagement Competition.
Read MoreAfter a four-month analysis of 94 mutual funds and ETFs with “ESG” in their name, a team of University of California, San Diego graduate students concluded that the linguistic patterns found in mutual fund and ETF prospectus language has a relatively low correlation with its ESG rating.
Read MoreThe Proxy Preview team today released highlights of the unprecedented 2021 proxy season, which saw nearly three dozen majority votes for disclosure and action on environmental, social, and sustainable governance (ESG) shareholder resolutions.
Read MoreThe BlackRock U.S. Carbon Transition Readiness ETF (ticker LCTU) launched last week breaking funding records on its first trading day with $1.25 billion invested.
Read MoreProxy Preview 2020, released today by As You Sow, the Sustainable Investments Institute, and Proxy Impact, offers a comprehensive look at more than 400 shareholder resolutions filed on environmental, social, and sustainable governance (ESG) issues.
Read MoreProxy Preview 2019, released today by As You Sow, Sustainable Investments Institute (Si2), and Proxy Impact, offers a comprehensive look at nearly 400 shareholder resolutions filed on environmental, social, and sustainable governance (ESG) issues.
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