Tag:

Anti-ESG

Tag:

Anti-ESG

DOL drops Trump ESG plans for new rulings

May 7, 2021

Elizabeth Pfeuti

The US Department of Labor is set to formally abandon Trump-era plans to introduce anti-ESG legislation, and will engage with stakeholders to introduce new rules.
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Texas, Florida blacklist ESG investing

September 2, 2022

Alex Whitebrook

ESG investing has been met with hostility in the state of Texas, with Comptroller Glenn Hegar publishing blacklist of ESG funds.
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Republicans challenge DOL’s ESG rule

February 8, 2023

Elizabeth Pfeuti

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House passes resolution to repeal DOL ESG rule

March 2, 2023

Elizabeth Pfeuti

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Kansas anti-ESG bill could reduce pension returns by $3.6bn

March 14, 2023

Elizabeth Pfeuti

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Biden vetoes bill to overturn DOL ESG rule

March 23, 2023

Elizabeth Pfeuti

US President Joe Biden has vetoed a bill that would prevent pension fund managers from considering climate change and ESG factors in their investment decisions.
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HSBC added to Texas’ banned list over fossil fuel policy

March 31, 2023

Elizabeth Pfeuti

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New US coalition demands right to invest responsibly

April 12, 2023

Elizabeth Pfeuti

A coalition of more than 300 investors and companies has urged US policymakers to protect their freedom to invest responsibly.
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Florida passes anti-ESG bill

May 4, 2023

Elizabeth Pfeuti

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Republican-led FSC attempts to crack down on ESG

July 20, 2023

Elizabeth Pfeuti

The US congressional Financial Services Committee has begun investigating the rules that govern proxy voting, the processes through which activists apply pressure to public companies to adopt ESG goals.
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Republican-led FSC proposes ESG crackdown legislation

August 4, 2023

Elizabeth Pfeuti

The Republican-led US congressional Financial Services Committee (FSC) has proposed a series of bills that are designed to limit the impact of ESG initiatives.
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SIFMA challenges new Missouri Securities Division rules

August 24, 2023

Elizabeth Pfeuti

The Securities Industry and Financial Markets Association (SIFMA) has filed a complaint over two Missouri Securities Division rules on providing financial advice based on ESG factors.
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Exxon sues shareholders over ESG proposal

January 26, 2024

Elizabeth Pfeuti

Shareholder voting rights could be under threat in the US as oil company ExxonMobil filed to sue investors over an ESG vote at its AGM.
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Oklahoma advances amendments to controversial anti-ESG law

March 5, 2024

Elizabeth Pfeuti

The Oklahoma legislature has advanced two bills to amend its anti-ESG law, which introduces regulations for state pension systems considering ESG factors in investment decisions.
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Minerva data shows major Canadian banks set to vote on remuneration shareholder resolutions

April 5, 2024

Elizabeth Pfeuti

Several major shareholder resolutions are set to be held in the coming weeks, including numerous Canadian banks voting on remuneration requests.
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Oklahoma AG fires counsel after anti-ESG law blocked by judge

May 17, 2024

Elizabeth Pfeuti

Oklahoma Attorney General Gentner Drummond has fired the Treasurer-appointed legal counsel on the state’s anti-ESG law case.
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Group sues Texas over “anti-ESG” law

September 5, 2024

Elizabeth Pfeuti

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Oklahoma pushes forward with efforts to reinstate an anti-ESG law

December 13, 2024

Elizabeth Pfeuti

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Republicans urge regulators to ban ESG and DEI considerations

February 6, 2025

Elizabeth Pfeuti

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Upcoming Shareholder Proposals: First Half of March 2025

March 7, 2025

Editor

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Boardroom Breakdowns: Shareholders Clash over Diversity, AI and Climate Accountability

May 30, 2025

Editor

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Fiduciary Duty Fracas: US States Target Asset Managers’ ESG Practices

August 1, 2025

Jack Grogan-Fenn

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SBTi Showdown: Republican States Set Out Antitrust Threat

August 15, 2025

Jack Grogan-Fenn

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‘No Action’ Retraction: Costco Accepts Anti-ESG Proposal Despite SEC Overhaul

December 12, 2025

Jack Grogan-Fenn

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White House Targets Proxy Advisors: Washington Puts Voting ‘Plumbing’ on Notice

December 18, 2025

Jack Grogan-Fenn

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Anti-DEI Drive: Trump’s DOJ Wields Fraud Law to Dissuade Companies

January 9, 2026

Jack Grogan-Fenn

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Extinguishing ESG: US House Approves Prohibitive Bill for Pension Funds

January 20, 2026

Jack Grogan-Fenn

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SEC Steps Closer to Unwinding Climate Disclosure Rules

May 13, 2026
The SEC’s move to unwind its climate disclosure rules may look like deregulation, but for companies and investors it risks replacing one contested standard with a longer period of uncertainty.
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Trump’s Anti DEI Order Heads to Court as Investors Hold the Line

April 30, 2026
US political and legal pressure on DEI is creating a growing disconnect with investor expectations, forcing boards to navigate conflicting risks between regulatory exposure and shareholder governance norms.
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Shell

Shell Faces Renewed Legal Pressure Over Future Oil and Gas Investment

April 23, 2026
Climate litigation is moving upstream into corporate strategy, raising the prospect that courts could directly constrain future fossil fuel investment and redefine board accountability for capital allocation decisions.
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fiduciary squeeze

The fiduciary squeeze is timed for when trustees can’t look up

April 23, 2026
A cluster of interventions on sustainability-linked stewardship landed in the three weeks when trustees have the least capacity.
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From Prudence and Loyalty to Maximum Discretion: How US Fiduciary Duty Just Changed Shape

April 2, 2026

Alex Whitebrook

On 31 March 2026, the United States Department of Labor (DOL) published a proposed rule that quietly but decisively rewrites the language of fiduciary duty under the Employee Retirement Income Security Act of 1974 (ERISA).
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Disney Defeat: Anti-ESG Proposal Pair Perform Poorly at 2026 AGM

March 27, 2026
Disney shareholders rejected all proposals from anti‑ESG proponents at its 2026 AGM, with neither clearing 5% support.
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Shareholders’ Success: AT&T Proposal Exclusion U-turn Intensifies Uncertainty

February 27, 2026
US telecommunications giant AT&T has U-turned on its decision to exclude a diversity, equity and inclusion-focused (DEI) shareholder proposal from its 2026 proxy materials following a lawsuit from investors.
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Resolution Rejections: Amazon to Exclude at Least Seven Shareholder Proposals

February 12, 2026
Amazon looks set to exclude at least seven shareholder proposals from its 2026 proxy statement without formal assent from the US Securities and Exchange Commission
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Anti-DEI Augmented: Appeal to Overturn Trump Executive Order Rejected

February 10, 2026
A challenge to US President Donald Trump’s high-profile executive orders against diversity, equity and inclusion (DEI) programmes has been rejected by an appeals court.
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Mixed Messages: Disney Accepts Resolutions from Anti-ESG Proponent Trio Amid Legal Uncertainty

January 28, 2026
Disney has revealed that three shareholder proposals from anti-ESG proponents will be voted on at its 2026 AGM amid concerns over litigation should resolutions be excluded following controversial changes to the ‘no action’ process.
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Texas SB 13 Struck Down: Judge Rules Against Anti-ESG Law

February 5, 2026
A Texas federal judge has struck down one of the US’ most prominent anti-environment, social and governance (ESG) laws, ruling that prohibiting state investment in companies avoiding financing fossil fuels is unconstitutional.
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