IT SHOULD BE MANDATORY TO DISCLOSE POLITICAL INFLUENCE-SEEKING AND PAYOFFS FROM THE STATE
As of now, publicly-traded companies do not have to disclose contributions to political groups or lobbying efforts. The Securities Exchange Commission (SEC) is considering the addition of corporate political spending disclosures to its oversight. Forbes
THEY WON’T WIN: MORNINGSTAR ESG EXPERT’S PARTING SHOT TO THE DOUBTERS
After nearly three decades at Morningstar, outgoing global head of sustainability research Jon Hale lays down his assessment of the SRI industry’s trajectory before his retirement. Morningstar
BLACKROCK, VANGUARD AMONG FIRMS BLOCKING KEY ESG VOTES
An environmental nonprofit’s research concludes that the world’s largest asset managers consistently vote against shareholder proposals that attempt to protect biodiversity. Bloomberg
THE ALT-RIGHT ECONOMY IS FAILING
Grandstanding political ideologues are using opportunistic attacks on iconic U.S. enterprises to showcase their own nascent anti-ESG businesses and reportedly build a “parallel economy” catering to conservative constituencies. But far from flourishing, an objective review of the facts suggests these anti-woke jokesters are financially foundering. Fortune
ACTION: WRITE YOUR LEGISLATORS URGING THEIR SUPPORT FOR ESG INVESTING
Various politicians and business owners have launched a well-orchestrated and well-funded campaign to discredit ESG investing. This rhetoric harms multiple stakeholders, especially workers dependent on thoughtful investment strategies that will enhance their future pension returns. Please consider sending a message to your legislators urging them to stand up for ESG investing and to protect the pensions of millions of American workers from unnecessary and significant financial risk. Interfaith Center on Corporate Responsibility
CAN GUARANTEED INCOME PREVENT GENTRIFICATION?
In Louisville, KY community organizers are betting that a guaranteed income program will reduce community violence in disinvested neighborhoods — and protect against displacement of residents. Next City
