One of the world’s most prominent climate groups has been rocked by an exodus of Wall Street banks. The Net-Zero Banking Alliance has recently seen big names like Goldman Sachs and JP Morgan exit the agreement, and said it is exploring how its ‘next phase’ will better help members implement climate strategies. Bloomberg covers the story.
US companies are facing growing legal risks over ESG and DEI policies. A US court ruled this week that American Airlines failed workers by picking BlackRock to manage part of its pension scheme. The Texas district judge ruled that the world’s largest asset manager was tainted by ‘ESG activism’. The Financial Times covers the story.
