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ESG news was dominated by more scrutiny of the carbon credits market as climate activists teamed up to declare that carbon offsets are undermining genuine net zero action and called for a total blacklisting of these instruments in climate regulation and guidelines. Bloomberg covers the story.

In the US, BlackRock continues its effort to navigate the backlash against ESG investing. The financial group has thrown its weight behind a US retirement fund that prioritises ‘financial wellbeing’ over any political or social agendas. The move comes as the group continues to distance itself from accusations of ‘woke capitalism’. The Financial Times covers the story.

After a period during which global events shifted the investment dial towards energy and defence companies, activist groups are now fighting back. UK banks are now grappling with ongoing activist investor movements as they face continued pressure to divest from these industries. The Times covers the story.