In a bid to align with global sustainability standards and attract foreign investment, China introduces new Environmental, Social, and Governance (ESG) disclosure rules for its largest corporations.
The state of Tennessee has filed a lawsuit against BlackRock, the world's largest asset manager, accusing it of violating consumer protection laws by making "misleading" statements about its environmental, social, and corporate governance (ESG) investment strategies.
The UK's financial watchdog, the Financial Conduct Authority (FCA), has warned investment funds not to overuse the "ESG" (Environmental, Social, and Governance) branding.
In a recent report by KPMG, over half of Indian CEOs (54%) have recognised the importance of incorporating ESG (Environmental, Social, and Governance) into their business strategies due to rising global tensions.
In a pioneering move, the European Banking Authority (EBA) is reshaping the capital requirements framework for European banks to include environmental and social risks in mandatory industry-wide buffers.
In a significant setback for the credibility of ESG investments, the SEC has taken legal action against DWS Investment Management Americas Inc., a subsidiary of Deutsche Bank, for alleged false claims in relation to Environmental, Social, and Governance (ESG) practices.
ESG investing, focusing on environmental, social, and governance factors, is expected to see significant growth in India.
ESG Board Committees: Pioneers of Corporate Transformation Towards Sustainability and Ethical Excellence
The inception of ESG Board Committees heralds a monumental shift in the corporate realm's journey toward sustainability and ethical business conduct.
KPMG, in partnership with Microsoft and prestigious global universities and institutions, has introduced the KPMG ESG Academy.