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☆ Anti-ESG Funds Face Obstacles to Broad Investor Acceptance
▼ + stars: | 2023-08-20 | by ( Suzanne Mcgee | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/anti-esg-fund-investor-acceptance-90a1e0f8

Persons: Dow Jones

☆ Looking for an Alternative to ESG Investing? Here’s One Possibility.
▼ + stars: | 2023-08-20 | by ( Lori Ioannou | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ A Progressive’s Case for Getting Rid of ‘ESG’
▼ + stars: | 2023-08-19 | by ( Alex Edmans | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ ESG’s Long History: 1700s to Today
▼ + stars: | 2023-08-19 | by ( David Uberti | ) www.wsj.com time to read: 1 min

1999U.N. Secretary-General Kofi Annan urges business leaders to adopt socially responsible policies at a time of rapid globalization. “The spread of markets outpaces the ability of societies and their political systems to adjust to them, let alone to guide the course they take,” he says at the World Economic Forum. Nicolas Asfouri/Agence France-Presse/Getty Images

Persons: General Kofi Annan, ”, Nicolas Asfouri Organizations: General, Economic, Agence France

The fund is one of a growing number investors and policymakers pushing to put more women in company boardrooms. Its latest move comes as the fund takes stock of its ESG engagement with companies so far this year. This year for the first time the fund analysed the structure of all U.S. pay packages above $20 million to see if they aligned with long-term value creation. As a result of its analysis, the fund voted against more than half of pay packages above this level, the report showed. The fund voted against the pay of Coca-Cola's (KO.N) James Quincey, Apple's (AAPL.O) Tim Cook and PepsiCo's (PEP.O) Ramon Laguarta, the fund's voting record showed.

Persons: Carine Smith Ihenacho, Smith, Smith Ihenacho, James Quincey, Apple's, Tim Cook, Ramon Laguarta, Gwladys, Jane Merriman Organizations: ARENDAL, Reuters, Coca, Reuters Graphics Reuters, Thomson Locations: Norway, boardrooms, United States, Europe, Japan, Arendal

☆ ESG funds underperformed last year but they're starting to come back now, says Morningstar
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailESG funds underperformed last year but they're starting to come back now, says MorningstarLindsey Stewart, director of investment stewardship at Morningstar, discusses ESG's comeback and the importance of a long-term view.

Persons: Morningstar Lindsey Stewart Organizations: Morningstar

☆ Bank of America breaks down the repercussions of Biden's Inflation Reduction Act a year after its contentious passage, and the 37 stocks that will see the biggest benefits in the years to come
▼ + stars: | 2023-08-16 | by ( Mark Reeth | ) www.businessinsider.com time to read: +6 min

It has been one year after President Biden's Inflation Reduction Act went into law. Passing the Inflation Reduction Act last August was anything but easy. One year to the day after President Biden's Inflation Reduction Act was passed seems like the perfect time to look back on its effects — and to look forward at which stocks could reap the benefits. Bank of America: The Inflation Reduction Act is WorkingIn mid-July, Bank of America ESG strategists Dimple Gosai and Megan Mantaro took a deep dive into the Inflation Reduction Act and the stocks that will feel the greatest impact from increased manufacturing spending. Within these themes, the strategists found 37 stocks that they believe will see the biggest benefits of the Inflation Reduction Act.

Persons: Biden's, Sen, Joe Manchin, Dimple Gosai, Megan Mantaro, Mantaro Organizations: Bank of America, GOP, Infrastructure Investment, Jobs, EVs, EV Locations: Georgia, South Carolina , Tennessee, Kentucky

☆ Decarbonization efforts in businesses are driven by customers, not investors: Portfolio manager
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDecarbonization efforts in businesses are driven by customers, not investors: Portfolio managerBill Davis from Hennessy Funds who manages an ESG portfolio, explains why he likes Nucor.

Persons: Bill Davis, Hennessy, Nucor Organizations: Hennessy Funds

☆ There hasn't been a 'significant tragedy' related to nuclear waste storage, says Morningstar
▼ + stars: | 2023-08-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere hasn't been a 'significant tragedy' related to nuclear waste storage, says MorningstarAdam Fleck director of research, ratings, and ESG at Morningstar Research Services, says the "biggest issue" concerns costs.

Persons: Morningstar Adam Fleck Organizations: Morningstar Research Services

Norway wealth fund CEO Nicolai Tangen poses for a picture before a news conference held at the Norwegian central bank in Oslo, Norway January 31, 2023. The fund invests in 9,200 firms worldwide, for which it sets expectations on a range of issues, from children's rights to climate change. When talking to firms about responsible AI, the fund will concentrate particularly on the healthcare, finance and large tech sectors, because their use of the technology will have an especially strong impact on consumers. "They have to take responsibility for their development and use of AI," said Smith Ihenacho, adding the fund had already discussed AI with the large U.S. tech companies in its portfolio. In July, U.S. AI companies made voluntary commitments to the White House to implement measures such as watermarking AI-generated content to make the technology safer.

Persons: Nicolai Tangen, Will, Tangen, Carine Smith Ihenacho, Smith, Smith Ihenacho, Gwladys Fouche, Terje Solsvik, Jan Harvey Organizations: REUTERS, financials, Reuters, Companies, Microsoft, Nvidia, Tech, Thomson Locations: Norway, Norwegian, Oslo, Victoria, financials OSLO

Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S. July 26, 2023. REUTERS/Jonathan Ernst/File PhotoAug 15 (Reuters) - Christopher Clark, the senior lawyer representing Hunter Biden, is seeking to withdraw from the case involving the U.S. president's son on the grounds he might be called to testify, according to a court filing on Tuesday. The case is being heard in the U.S. state of Delaware, where Biden is represented by the Berger Harris law firm. "It is inadvisable for Mr. Clark to continue as counsel in this case," continued the joint filing from Berger Harris and Clark Smith Villazor, Clark's firm. In the filing, the two said Clark's withdrawal would not cause Biden substantial hardship since other firms involved in the case would continue to represent him.

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Christopher Clark, president's, Biden, David Weiss, Weiss, Berger Harris, Clark, Clark Smith Villazor, David Ljunggren, Jonathan Oatis Organizations: REUTERS, U.S, Thomson Locations: Wilmington , Delaware, U.S, U.S ., Delaware

A document briefly posted on and then taken down from the official Fulton County, Georgia court website shows a list of potential felony charges against former President Donald Trump, after being downloaded by Reuters shortly before the court took the document back down without explanation, in Atlanta, Georgia, U.S. August 14, 2023. Acquire Licensing Rights Read moreWASHINGTON, Aug 15 (Reuters) - The Fulton County Georgia court clerk on Tuesday acknowledged the release on its website of a document about former President Donald Trump being criminally charged, as Reuters reported on Monday after seeing the document on the court's public website. The court had released a statement on Monday saying a media outlet had obtained a "fictitious" document. In its statement, the court said a media outlet utilizing "the Fulton County Press" queue obtained a docket sheet on Monday. The document obtained by Reuters was publicly available on the website the court uses to disseminate public records.

Persons: Donald Trump, Trump, Republican Trump, Democrat Joe Biden, Fani Willis, Kanishka Singh, Jasper Ward, Scott Malone, Grant McCool Organizations: Reuters, Fulton County Press, Trump, Republican, Democrat, Fulton, Thomson Locations: Fulton County , Georgia, Atlanta , Georgia, U.S, WASHINGTON, Fulton County Georgia, Fulton, Georgia, Fulton County, Jasper

☆ Carbon storage is gaining favor. These are the companies investors need to know
▼ + stars: | 2023-08-15 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

Carbon capture, utilization and storage processes have been around for half a decade, but are currently gaining momentum. Some focus on modifying already-standing power as well as industrial plants that work on carbon capture. Put more succinctly, Deutsche Bank analyst James Hubbard called carbon capture "simple in theory" but "capital intensive and divisive" in reality. He also noted the company has one of the industry's largest carbon capture positions. Staphos cited the potential of its carbon capture operations as a long-term reason to be optimistic, even as its more traditional end-market, homebuilding, faces near-term pressure.

Persons: CCUS, Worley, Wood MacKenzie, Goldman Sachs, Jan Hatzius, Hatzius, James Hubbard, Goldman's Brian Singer, Baker Hughes, Goldman, Ati Modak, hasn't, Stephens, Mike Scialla, Scialla, George Staphos, Staphos, — CNBC's Michael Bloom Organizations: Big, International Energy Agency, U.S . Department of Energy, Battelle, Carbon Technologies, Occidental Petroleum, Carbon Engineering, Energy, Deutsche Bank, Wall Street, Occidental Petroleum . Energy, Baker, Occidental, of Energy, Bank of America, Weyerhaeuser, Bloom Energy, CF Industrial, Honeywell, KBR, Linde, Nutrien, Teledyne, Refinitiv Locations: Vermont, stoke, Maui, Big Tech, Texas, Louisiana, Carbon Technologies . Texas, Kleberg County, Rio Grande, Denmark, Switzerland, Union, Occidental, Boise, Pacific

Aug 14 (Reuters) - Sam Bankman-Fried used stolen customer funds to make more than $100 million in campaign contributions ahead of the 2022 U.S. midterm elections, federal prosecutors said on Monday in a new indictment filed against the founder of the FTX cryptocurrency exchange. The new indictment charges the 31-year-old former billionaire with seven counts of conspiracy and fraud over the collapse of the exchange. He has previously pleaded not guilty. Mark Botnick, a spokesman for Bankman-Fried, declined to comment. Reporting by Luc Cohen in San Jose, California Editing by Chris Reese and Daivid GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Fried, Mark Botnick, Luc Cohen, Chris Reese, Daivid Gregorio Organizations: Thomson Locations: San Jose , California

A document briefly posted on and then taken down from the official Fulton County, Georgia court website shows a list of potential felony charges against former President Donald Trump, after being downloaded by Reuters shortly before the court took the document back down without explanation, in Atlanta, Georgia, U.S. August 14, 2023. ... Read moreAug 14 (Reuters) - The Fulton County, Georgia, court's website briefly posted a document on Monday listing several criminal charges against former U.S. President Donald Trump that appeared related to his attempts to overturn his 2020 election defeat in the state, before taking the document down without explanation. The Fulton County District Attorney's office said in a statement that no charges had been filed against Trump. The document was dated Aug. 14 and named Trump, citing the case as "open," but is no longer available on the court's website. The Fulton County clerk's office could not immediately be reached for comment on the docket report.

Persons: Donald Trump, Read, Trump, Fani Willis, Joe Biden's, Timothy Ahmann, Susan Heavey, Rami Ayyub, Howard Goller Organizations: Reuters, U.S, Trump, District, Georgia Rico, Thomson Locations: Fulton County , Georgia, Atlanta , Georgia, U.S, Fulton County, Georgia, Fulton

REUTERS/Eduardo Munoz/File PhotoAug 14 (Reuters) - Sam Bankman-Fried used stolen customer funds to make more than $100 million in campaign contributions ahead of the 2022 U.S. midterm elections, federal prosecutors said on Monday in a new indictment filed against the founder of the FTX cryptocurrency exchange. The new indictment charges the 31-year-old former billionaire with seven counts of conspiracy and fraud over the collapse of the exchange. Bankman-Fried rode a boom in cryptocurrency values to compile a net worth estimated at $26 billion, and became an influential donor to mostly Democratic candidates and causes. FTX was based in the Bahamas and he was arrested there in December 2022. Reporting by Luc Cohen in San Jose, California Editing by Chris Reese and Daivid GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Fried, Mark Botnick, Bankman, FTX, District Judge Lewis Kaplan, Luc Cohen, Chris Reese, Daivid Gregorio Organizations: REUTERS, Democratic, U.S, District, Thomson Locations: New York, U.S, Manhattan, Bahamas, United States, San Jose , California

☆ Walgreens' HR chief says leaders need to 'take the wall down' and be open about themselves at work
▼ + stars: | 2023-08-14 | by ( Josée Rose | ) www.businessinsider.com time to read: +15 min

May told Insider that being open about the challenges you're facing can make you a better leader. Leaders need to "take the wall down" so those under them can say what they need to perform best. Insider recently asked May about her work in HR and meeting the needs of the company's large employee base. But you also need to work for companies with leaders that really understand the challenges. But I think employers need to keep top of mind the needs of their people.

Persons: Holly, she's, they're, They've, —, It's, I've, I'm, Roz, Rosalind Brewer, COVID, we've, Steven Senne, We're, We've, Gen Zers, you'll Organizations: Walgreens Boots Alliance, May, Service, Abercrombie & Fitch, Starbucks, Visa, Walgreens, Mental Health, Sundance, WBA Locations: Wall, Silicon, COVID, ESG, Georgia, America

☆ Electric vehicle premiums will ride high in India
▼ + stars: | 2023-08-14 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

Mahindra Funster electric concept SUV is on display after it was unveiled at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. Singapore's Temasek handed Anand Mahindra’s EV business a punchy valuation of up to $9.8 billion this month. The $23 billion Mumbai-listed Mahindra & Mahindra (MAHM.NS) generates most of its top line from its sprawling autos business churning out everything from commercial vehicles to three wheelers. It follows the sale of up to 4.8% to British International Investments, the UK's development finance institution, at a $9.1 billion valuation in July last year. True, Temasek's valuation of the EV business depends on the latter hitting undisclosed milestones.

Persons: Kumar Rakesh, It’s, Maruti Suzuki, Una Galani, Katrina Hamlin Organizations: Mahindra, India, REUTERS, Reuters, Singapore's Temasek, Anand, Temasek, British International Investments, BNP, Tata Motors, TPG, HK, China’s MG Motors, Maruti, India’s, India’s Mahindra, British International Investment, Thomson Locations: Greater Noida, India, BENGALURU, Mumbai, China, EVs, Temasek

☆ Radious lets you rent your home to businesses as a coworking space: 'It's like Airbnb and WeWork had a baby'
▼ + stars: | 2023-08-13 | by ( Tim Paradis | ) www.businessinsider.com time to read: +12 min

Radious lets homeowners rent out their houses to companies that want coworking spaces. The Portland, Oregon, company lets homeowners rent to companies in need of coworking spaces. Radious also lets companies request access to spaces in other cities across the US to tap into a network of not-yet-public options. And Milwaukee really prides itself on being welcoming and friendly. It would seem like some suburbs that are just house after house may not be as attractive.

Persons: Radious, Amina Moreau's, Moreau, lockdowns, Robin Daniels, WeWork, Airbnbs, we've, we're, Amina Moreau Radious, it's, We've Organizations: Service, WeWork Locations: Portland , Oregon, Wall, Silicon, The Portland , Oregon, Portland, Milwaukee, Lake Michigan

REUTERS/Mike Blake/File PhotoCompanies Grail Inc FollowIllumina Inc FollowAug 11 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has begun an investigation into Illumina's (ILMN.O) $7.1 billion acquisition of cancer detection test maker Grail (GRAL.O), the gene sequencing company said in a regulatory filing. An SEC spokesperson said the agency "does not comment on the existence or nonexistence of a possible investigation". Illumina declined to comment or provide further details on the SEC investigation. The gene-sequencing machine maker had repurchased Grail in 2021, despite opposition from U.S. and European antitrust regulators, a decision that prompted investor Carl Icahn to pursue a proxy fight at Illumina, arguing Grail should be divested as it had cost investors billions of dollars. Illumina was fined 432 million euros ($476 million) by the EU last month for closing the deal before approval by European antitrust regulators.

Persons: Mike Blake, Illumina, Carl Icahn, Mariam Sunny, Shounak Dasgupta Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, EU, Thomson Locations: San Diego , California, U.S, California, Illumina, Bengaluru

☆ The 117-year-old steel maker that's key to solving climate tech's recycling issue
▼ + stars: | 2023-08-11 | by ( Ian Thomas | ) www.cnbc.com time to read: +6 min

One of the first questions Tamara Lundgren often heard when she introduced herself as the CEO of Schnitzer Steel is, "What kind of steel do you make?'" Founded in 1906 by Russian immigrant Sam Schnitzer, the company started as a one-person scrap metal recycler. "The name Schnitzer Steel just no longer really reflects our work," said Lundgren, who joined the company in 2005 and was elevated to CEO in 2008. "In today's environment, the importance of recycling and the importance of recycling metals has reached a level that didn't exist 10 years ago," Lundgren said. "I'm glad we were getting that attention, but fundamentally what drove it was all of our recycling activity," Lundgren said.

Persons: Tamara Lundgren, Sam Schnitzer, Lundgren, – it's, it's, Schnitzer Steel Organizations: Schnitzer, CNBC, Corporate Knights, Nasdaq Locations: North America, Davos

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File PhotoAug 10 (Reuters) - Bittrex Inc and Bittrex Global have agreed to pay a total of $24 million to settle claims by the U.S. Securities and Exchange Commission, according to a court filing in Seattle federal court on Thursday. Reporting by Jody Godoy Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Jody Godoy, Chris Reese Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Bittrex, Thomson Locations: Washington ,, Seattle

Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally in Windham, New Hampshire, U.S., August 8, 2023. REUTERS/Reba Saldanha/File PhotoNEW YORK, Aug 10 (Reuters) - Donald Trump on Thursday appealed a judge's dismissal of his claim that the writer E. Jean Carroll defamed him by accusing him of rape, though a jury that awarded her $5 million for defamation and sexual abuse did not make such a finding. The former U.S. president, who is seeking the Republican nomination for a second White House term, filed a notice of appeal from U.S. District Judge Lewis Kaplan's Aug. 7 dismissal of the claim against Carroll. Reporting by Jonathan Stempel in New York; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Reba Saldanha, Jean Carroll, District Judge Lewis Kaplan's, Jonathan Stempel, Leslie Adler Organizations: U.S, Republican, REUTERS, District, Carroll, Thomson Locations: Windham , New Hampshire, U.S, New York

☆ Insights on How to Be a Socially Conscious Company Today
▼ + stars: | 2023-08-10 | by ( Ben Ashwell | Walden Siew | ) www.wsj.com time to read: 1 min

Brunswick Group Senior Partner Lucy Parker speaks about the emerging political and social sensitivities around corporate stances on ESG during a virtual WSJ CFO Network Member Breakout. Many chief financial officers and corporate leaders have questions about how to navigate environmental and social issues in the wake of backlash against Target and Bud Light and continuing concerns about “greenwashing”—the practice of companies overstating their environmental policies. Lucy Parker, a senior partner at the Brunswick Group and co-author of a forthcoming book titled “The Activist Leader: A New Mindset for Doing Business” has some answers.

Persons: Lucy Parker, Bud Light Organizations: Brunswick, Target, Brunswick Group

☆ Why Woke Capitalism Works for Ben & Jerry’s
▼ + stars: | 2023-08-09 | by ( Anson Frericks | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/why-woke-works-for-ben-jerrys-esg-corporate-mission-statement-shareholder-value-a188402c

Persons: Dow Jones

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