A lawsuit has been filed against Texas officials over the state’s anti-ESG legislation which restricts ESG investing. The American Sustainable Business Council argued the law was unconstitutional and went against the free speech rights of the First Amendment. Bloomberg covers the story.
EU sustainable investment funds have more than doubled their defence holdings since the start of the Ukraine war. About a third of funds focussed on ESG issues now have €7.7bn invested in the sector, compared with €3.2bn in 2022, new research shows. The Financial Times covers the story.
In 2023, for the fourth year in a row, global insured catastrophe losses exceeded $100bn, causing a problem for primary insurers. As the cost of climate-related disasters grows, insurance firms are increasingly forced to take on more risk. Bloomberg covers the story.
