ESG
Blog
California and the SEC face legal challenges to their climate-related disclosure requirements
These requirements are not only financially burdensome but have been challenged on legal and Constitutional grounds. In January, the California Chamber of Commerce sued the California Air and Resource Board (CARB), seeking an injunction against the implementation of SB 253 and SB 261. In their complaint, they argued that California ...
Business & Economics
NEW BRIEF: CalPERS’ Political Agenda Puts Taxpayers and Retirees at Risk with Low Returns, Higher Unfunded Liabilities
SACRAMENTO – CalPERS – which adheres to a politicized Environmental, Social, and Governance (ESG) agenda – is generating lower returns in its investment strategies compared to a more typical investment strategy, finds a new brief released today by the Pacific Research Institute, a non-partisan California-based free market think tank. CalPERS ...
Blog
CAPITAL IDEAS: Environmental, Social and Governance (ESG) Undermines the Social Responsibility of Businesses and Investment Managers
The concepts behind Environmental, Social, and Governance (ESG) investing and management are the latest theory trying to address a long-standing question: What is the appropriate social function of a business? This question predates Milton Friedman’s 1970 New York Times piece “The Social Responsibility of Business Is to Increase Its Profits,” ...
Business & Economics
Read the latest on carbon accounting proposals
Activists Use Shareholder Rights To Undermine Shareholders’ Interests
Led by CalPERS, the pension fund for California public workers, activist investors may oppose re-electing ExxonMobil ExxonMobil 0.0% chief executive Darren Woods to the company board. His sin: seeking greater clarification regarding proposals that shareholders have previously rejected multiple times. The issue arises because Environmental, Social, and Governance (ESG) activist investors Arjuna Capital and Follow ...
Commentary
Calling Out The ESG Bait And Switch
The bait and switch that Environmental, Social, and Governance (ESG) activists have been peddling for too long is coming into focus. Activist investors claim they submit ESG proposals at annual meetings to improve corporate profitability. All too often, these proposals are attempts to hijack the corporate governance process to implement ...
Business & Economics
Read the latest about green investment mandates
Is CalPERS Still A Responsible Fiduciary?
Addressing global climate change is difficult and costly. Success requires an environment that encourages many ideas and experiments to flourish. Mandates from CalPERS undermines such an environment to the detriment of investors, the economy, and the environment. Read the full article at Forbes.com
Blog
Read about latest costly green mandate
New Climate Disclosure Laws Will Hurt Business, Won’t Help Planet
When author and journalist Tom Wolfe coined the term “statusphere” – in which participants compete for prestige within a groupthink bubble – he didn’t have the California Legislature of the 21st century in mind. But he could have. In California, it’s routine for lawmakers to pass bills that have little ...
Blog
Read latest about state pension problem
ESG and CalPERS Sub-par Investment Returns
CalPERS has one core social responsibility – maximizing returns to help secure the retirement of millions of current and future pensioners. The pension fund is also a major proponent of Environmental, Social, and Governance (ESG) investing. CalPERS claims that ESG “disclosures provide important metrics to understand how a company’s practices ...
Business & Economics
Paul Atkins – ESG Investing: Doing well and doing good? Or not?
Our guest this week is Paul Atkins, CEO of Potomak Partners, a financial services consulting firm in Washington, DC. Paul was also a commissioner at the U.S. Securities and Exchange Commission from 2002 to 2008. We discuss with Paul ESG – environmental, social, and governance – investing and its negative ...
Business & Economics
Read the latest on ESG
There The SEC Goes Again
President Biden’s Securities and Exchange Commission (SEC) is increasingly becoming an advocate for Environmental, Social, and Governance (ESG) activists to the detriment of its core mission. In its latest iteration, the SEC is using its enforcement discretion to roll back recent reforms to rule 14a-8. These changes make it more ...
California and the SEC face legal challenges to their climate-related disclosure requirements
These requirements are not only financially burdensome but have been challenged on legal and Constitutional grounds. In January, the California Chamber of Commerce sued the California Air and Resource Board (CARB), seeking an injunction against the implementation of SB 253 and SB 261. In their complaint, they argued that California ...
NEW BRIEF: CalPERS’ Political Agenda Puts Taxpayers and Retirees at Risk with Low Returns, Higher Unfunded Liabilities
SACRAMENTO – CalPERS – which adheres to a politicized Environmental, Social, and Governance (ESG) agenda – is generating lower returns in its investment strategies compared to a more typical investment strategy, finds a new brief released today by the Pacific Research Institute, a non-partisan California-based free market think tank. CalPERS ...
CAPITAL IDEAS: Environmental, Social and Governance (ESG) Undermines the Social Responsibility of Businesses and Investment Managers
The concepts behind Environmental, Social, and Governance (ESG) investing and management are the latest theory trying to address a long-standing question: What is the appropriate social function of a business? This question predates Milton Friedman’s 1970 New York Times piece “The Social Responsibility of Business Is to Increase Its Profits,” ...
Read the latest on carbon accounting proposals
Activists Use Shareholder Rights To Undermine Shareholders’ Interests
Led by CalPERS, the pension fund for California public workers, activist investors may oppose re-electing ExxonMobil ExxonMobil 0.0% chief executive Darren Woods to the company board. His sin: seeking greater clarification regarding proposals that shareholders have previously rejected multiple times. The issue arises because Environmental, Social, and Governance (ESG) activist investors Arjuna Capital and Follow ...
Calling Out The ESG Bait And Switch
The bait and switch that Environmental, Social, and Governance (ESG) activists have been peddling for too long is coming into focus. Activist investors claim they submit ESG proposals at annual meetings to improve corporate profitability. All too often, these proposals are attempts to hijack the corporate governance process to implement ...
Read the latest about green investment mandates
Is CalPERS Still A Responsible Fiduciary?
Addressing global climate change is difficult and costly. Success requires an environment that encourages many ideas and experiments to flourish. Mandates from CalPERS undermines such an environment to the detriment of investors, the economy, and the environment. Read the full article at Forbes.com
Read about latest costly green mandate
New Climate Disclosure Laws Will Hurt Business, Won’t Help Planet
When author and journalist Tom Wolfe coined the term “statusphere” – in which participants compete for prestige within a groupthink bubble – he didn’t have the California Legislature of the 21st century in mind. But he could have. In California, it’s routine for lawmakers to pass bills that have little ...
Read latest about state pension problem
ESG and CalPERS Sub-par Investment Returns
CalPERS has one core social responsibility – maximizing returns to help secure the retirement of millions of current and future pensioners. The pension fund is also a major proponent of Environmental, Social, and Governance (ESG) investing. CalPERS claims that ESG “disclosures provide important metrics to understand how a company’s practices ...
Paul Atkins – ESG Investing: Doing well and doing good? Or not?
Our guest this week is Paul Atkins, CEO of Potomak Partners, a financial services consulting firm in Washington, DC. Paul was also a commissioner at the U.S. Securities and Exchange Commission from 2002 to 2008. We discuss with Paul ESG – environmental, social, and governance – investing and its negative ...
Read the latest on ESG
There The SEC Goes Again
President Biden’s Securities and Exchange Commission (SEC) is increasingly becoming an advocate for Environmental, Social, and Governance (ESG) activists to the detriment of its core mission. In its latest iteration, the SEC is using its enforcement discretion to roll back recent reforms to rule 14a-8. These changes make it more ...
