New EU ESG Rules Cause Confusion
An amendment to MiFID requires investment managers to act on the “sustainability preferences” of retail clients, but they do not have the required data on sustainability to effectively do so.
U.S. Treasury Secretary Janet Yellen called on “trusted” U.S. allies to strengthen trade relationships to shore up global supply chains disrupted by the pandemic, worsened by Russia’s war in Ukraine and threatened longer-term by a reliance on China.
In her longest public address during a three-stop tour of East Asia, Yellen touted her “friend-shoring” concept as a way to reduce the vulnerabilities of a supply system badly strained over the past two years, and as a mechanism for reducing inflation in the United States and elsewhere.
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An amendment to MiFID requires investment managers to act on the “sustainability preferences” of retail clients, but they do not have the required data on sustainability to effectively do so.
The automaker priced $2.25 billion of green bonds in two parts, in its maiden foray into ESG borrowing.
On July 8, after years of attempted tax cuts, the Pennsylvania legislature finally adopted a change to Pennsylvania’s corporate net income tax (CNIT).
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