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Environmental, social, and governance, or ESG, is a hot topic in the investment world, with more than $8.4 trillion invested in ESG-related equities and funds as of the end of 2022.
And it will be a hot topic for investors, Congress, and the federal government, as well as several southern statesnotably Florida and Texas, who are at war with ESG because it represents, in the words of Florida's Speaker of the House, Paul Renner: "'woke financial titans who seek to dictate policy to Floridians regardless of our choices at the ballot box."
Florida's Governor, for example, has called ESG a "tax on consumers" that will hurt the state's economy.
And Texas Gov. Greg Abbott has called ESG a "tax on Texans" that will hurt the state's economy.
ESG reports look at the risk of business disruption caused by climate change, but they can also be used to gauge companies' financial risk.
Anne Popkin, president and COO of Newday Impact Investing, a firm that advises investors on ESG, tells MarketWatch that companies need to be prepared for at least twice the climate-related losses they experienced just a few years ago.
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A customized collection of news from foundations from around the Web.
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Nigeria has become the 16th country to sign an agreement with the Fund for Export Development in Africa, a multilateral bank that aims to boost African exports. The bank's president, Benedict...more
It's that time of year again: time for investors to look back at the last presidential election and see if there's any correlation between it and the performance of the stock market. A Bloomberg...more
Kinara Capital, an Indian startup that offers short-term, unsecured loans to small and medium businesses, has just received $24.4 million in debt funding, the Times of India reports. The funding...more
The Italian government has put the kibosh on a plan to build ground-mounted photovoltaic systems on agricultural land, Bloomberg reports. According to a draft of a new agriculture law, "the areas...more
Foundation: Kellogg Foundation
For more than 30 years,Henrie Treadwell has been fighting for racial equity at the University of South Carolina, where she became the school's first black graduate since Reconstruction, the...more
An international nonprofit is looking for a regional director to lead its efforts in Africa, and it's looking for someone with "strong interpersonal leadership skills" and a "growth...more
Social Entrepreneurship
Spotlight
Influencing Social Good Through Retail
When Hannah Davis traveled to China to teach English, she noticed how Chinese workers and farmers were often sporting olive green army-style shoes. Those shoes served as her inspiration to create her own social enterprise, Bangs Shoes.