BUSINESS GROUP FILES CHALLENGE TO TEXAS LAW THAT PUNISHES RESPONSIBLE INVESTORS
The American Sustainable Business Council (ASBC) sued Texas for violating the free speech and association rights protected under the First and Fourteenth Amendments of the U.S. Constitution through the enactment of SB-13—a law that penalizes private companies that choose not to make risky investments in fossil fuel companies.
RECLAIMING LAND OWNERSHIP IN BLACK AND INDIGENOUS COMMUNITIES
A third article in Nonprofit Quarterly’s series, “Just Transition: Liberating Finance to Build a Better World,” explores examples of Black and Indigenous communities stewarding their financial infrastructure. Co-produced with Justice Funders, this article highlights case studies of emerging funding networks facilitating investment in liberatory economic practices in frontline BIPOC communities, particularly related to land reclamation.
DEUTSCHE BANK EXECUTIVE SAYS ESG BACKLASH IS LOSING ITS BITE
A top executive at Deutsche Bank has stated that the backlash against ESG investing is beginning to lose its intensity. They highlighted that despite some political resistance, particularly in the United States, the underlying demand for sustainable investment strategies remains strong.
DEPARTMENT OF LABOR ANNOUNCES DIVISION OF EMPLOYEE OWNERSHIP
Recently, the Department of Labor launched an initiative to promote worker-owned businesses. This effort, which includes a new Division of Employee Ownership, is aimed at increasing workplace democracy and improving conditions for workers across the country.
NEW ESG DEVELOPMENTS IN 2024 PROXY SEASON
Shareholder proposals in the 2024 proxy season highlight evolving tactics and significant ESG issues amid regulatory and political complexities. Climate change, corporate political influence, and artificial intelligence (AI) were among the top issues showing up in shareholder proposals during the 2024 spring proxy season.