BlackRock, one of world’s largest asset managers, is facing charges of misrepresenting its ESG efforts to customers. This week, the state of Tennessee filed a consumer protection lawsuit accusing the firm of making inconsistent statements in regard to its ESG investment strategy. The state’s complaint seeks to charge the investment Read More
The United Kingdom’s Financial Conduct Authority is rolling out a series of regulations intended to crack down on inaccurate environmental, social, and governance (ESG) related claims, known as greenwashing, by providers of investment products to retail investors. The FCA’s measures include putting in place new sustainability disclosure requirements and an Read More
California legislators have passed one of the most sweeping greenhouse gas emissions bills in the nation this week and Governor Gavin Newsom has announced his intention to sign it into law. If passed, the law would require companies with more than $1 billion in revenue and that operate in California Read More
Delta Air Lines has been hit with a proposed class-action lawsuit for “grossly misrepresenting the total environmental impact of its business operations in its advertisements, corporate announcements, and promotional materials and, thereby, attaining underserved market share and extracting higher prices from consumers,” according to a new complaint filed in California Read More
Enforcement against foreign bribery on a global scale has hit an historic low, according to a report by Transparency International. In Transparency International’s report, “Exporting Corruption 2022,” 43 signatories to the OECD Anti-Bribery Convention were assessed, along with China, India, Hong Kong SAR, and Singapore. Together, the countries analyzed account Read More
The Securities and Exchange Commission announced that it has reopened the public comment periods for 11 rulemaking releases and one request for comment due to a technological error resulting in numerous public comments submitted through the agency’s online comment form not being received. The SEC advised that all those who Read More
Legislation passed by California lawmakers on Aug. 31 would require employers in the state with 15 or more employees to disclose their hourly pay or salary range for all job postings. Governor Gavin Newsom has until Sept. 30 to approve or veto the bill, S.B. 1161, which passed by a Read More
In a precedent-setting and highly controversial ruling, the U.S. Supreme Court Thursday curtailed the Environmental Protection Agency’s authority to regulate greenhouse gas emissions. In a 6-3 decision in West Virginia v. Environmental Protection Agency, the Court ruled that Congress—not the EPA—has authority to devise emissions limits for power plants. The Read More
