Exclusions & Divestments

News comes as anti-ESG Kansas bill watered down.

Concerns raised over timing of regulation and minimum exclusions, but managers disagree on introduction of quantitative thresholds.

Anti-ESG movement runs into roadblocks as criticisms issued by Republicans and funds warn that divestment bills conflict with fiduciary duty.

Pædagogernes Pension (PBU) has spent several years pressuring the e-commerce giant.

Fund publishes list of all ESG engagements as it reveals the impact of ethical and risk-based exclusions on returns.

BNY Mellon, State Street and Fidelity sought to have funds removed as Texas Teachers completed divestment of blacklisted firms.

Research modelled cost implications for bonds issued by the six states if they enacted similar legislation to Texas, which resulted in the boycotting of major financiers.

Reduced reinvestment means bank will not meet decarbonisation targets under current approach, active reshuffling suggested by board member Schnabel.

The risk of complicity in abuses against the Uyghur population highlights the need for investors to focus on supply chain transparency.

Move comes as investors gear up for COP15; CDP finds majority of companies not translating strategies or commitments on biodiversity into action.