ESG backlash

Texas court judgement and Missouri filings provide useful precedents for firms dealing with the backlash, says Ropes & Gray partner.

Major asset managers including Schroders and Fidelity International invited to discuss defence allocation and improving sector's profile.

Accusations by Republicans of links to foreign governments and anti-fossil fuel bias coincide with announcement by the SBTi of separation of standard-setting and validation arms.

Proliferation of projects has become 'unmanageable' but investors wary of reputational risk of exiting.

Group says litigation is a principal risk due to political environment in some regions, also notes reputational, staffing risks.

US investment giant bemoans ‘continued’ decline of quality of proposals in voting spotlight.

Investors are facing an increasing burden in terms of time and resources to meet their commitments to sustainability initiatives – but are the costs of leaving even higher?

Karl Racine, now a partner at Hogan Lovells, warns of chilling effect from antitrust investigations despite 'far overstated' nature.

'Overly specific proposals' also cited as reason for sharp decline in support for E and S resolutions at US AGMs.

Nathan Fabian talks to RI about the importance of investor collaboration and the need to be clearer about how different investors can navigate the road to net zero.