ESG
Florida sues proxy advisers ISS and Glass Lewis over alleged DEI, ESG influence
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Florida Attorney General James Uthmeier filed a state-court lawsuit Thursday against Institutional Shareholder Services and Glass Lewis, accusing the firms of violating Florida consumer-protection and antitrust laws by using their market power to advance diversity, equity and inclusion and climate-related agendas, according to a copy of the complaint reviewed by The Daily Wire.
The Xtrackers S&P 500 Scored & Screened ETF (SNPE) has been rated a hold by an analyst, citing risks from its ESG screening process. Since its 2019 launch, SNPE has outperformed the iShares Core S&P 500 ETF (IVV), thanks to greater exposure to information technology and growth factors. However, current geopolitical tensions and rising oil prices could lead to deeper losses for SNPE compared to IVV.
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Banco Serfinanza has received the ESG Verified Sustainability Seal from Icontec in the Gold category, acknowledging its high maturity in sustainable management. This certification comprehensively evaluates performance in environmental, social, governance, and economic areas. The bank highlights practices such as preferring local suppliers and promoting diversity.