ESG Opponents Get Novel Win in American Airlines 401(k) Suit
American Airlines Inc. violated federal law by filling its 401(k) plan with funds from investment companies that pursue environmental, social, and corporate governance goals, a Texas federal judge ruled Friday in the biggest victory yet for opponents of the strategy.
American Airlines' focus on ESG in retirement plan is illegal, US judge rules
Berkshire coal plants emit more nitrogen oxide gases than any other coal-fired fleet in the country. Despite big investments in renewable energy, the company has resisted efforts by regulators to make coal plants cleaner.
American Airlines ESG investing strategy violated federal law, judge rules
A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully incorporated environmental and sustainable governance (ESG) factors into its employee retirement plan.
Judge finds American Airlines liable in ESG investing case
The judge’s ruling in the not-yet-completed case is likely to inject fresh fuel into the roiling political debate around environmental, social and governance goals.
Texas Judge Rules American Airlines Breached Duty in Retirement Plan Investments
A federal judge in Texas has ruled that American Airlines violated federal law by prioritizing environmental, social, and governance (ESG) factors over financial interests in its 401(k) retirement plan.
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DAVID BLACKMON: ESG Is Collapsing And Net Zero Is Going With It
As the foundations of the ESG movement collapse, so are some of the institutions that sprang up around it. The United Nations ...
InvestmentNews1d
401(k) ESG lawsuit order cites 'cartel-like behavior,' could prompt more litigation
Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and ...
US Companies Face Pressure Around Global ESG Disclosure Mandates
Clifford Chance attorneys say in light of the EU disclosure requirements, companies should publicly articulate their ESG ...
Trump's pick to lead EPA was paid tens of thousands to write op-eds criticizing climate policies and ESG
Former Rep. Lee Zeldin made nearly $200,000 from paid speeches and op-eds in recent years. Some of those op-eds were on ...
Edie2h
How should net-zero finance alliances respond to Wall Street’s ESG retreat?
Explore why major financial firms like BlackRock are retreating from climate commitments amid ESG backlash and political ...
Nielsen 2024 ESG Report: Prioritizing Employee Health and Wellness
NORTHAMPTON, MA / ACCESSWIRE / / NielsenOur commitments to the physical, emotional, financial, and social and environmental ...
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EBA Publishes Final Guidelines on the Management of ESG Risks
The guidelines set out requirements for institutions regarding the identification, measurement, management, and monitoring of ESG risks.
Diginex: Green On ESG Trend, But Avoiding This Red IPO
Stay away from Diginex Limited's IPO due to declining revenue, high debt, and intense competition in the ESG market. Read ...
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Finastra Corporate Banking Forum spotlights AI, ESG, and digital transformation as key drivers of industry change
Global experts outline strategies to accelerate lending transformation, digitize trade and supply chain finance, and advance ...
Mirror TV ESG Leadership Summit: Industry, Government, and Academia Unite to Usher in a New Era of Sustainability
The Mirror TV ESG Leadership Summit, organized by Mirror TV in collaboration with the Taiwan Institute for Sustainable Energy ...