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.
Texas judge strikes down American Air’s ESG focus in retirement accounts
A federal judge struck another legal blow against ESG, ruling that non-financial decisions made in 401(K) accounts were illegal.
American’s focus on ESG in retirement plan ruled illegal, Reuters reports
A federal judge in Texas on Friday said American Airlines (AAL) violated federal law by basing investment decisions for its employee retirement
American Airlines’ use of ‘ESG activist’ BlackRock failed workers, US judge says
Case over pension scheme management highlights rising risks of legal challenges over environmentally-focused policies
American Airlines' focus on ESG in 401(k) plan is illegal, US judge rules
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors.
Judge Rules American Airlines Violated Retirement-Plan Duties by Encouraging ESG Investing
American Airlines Violated Federal Law By Using 401(k) Plan to Promote ESG Funds, Judge Rules
NR has reached out to American Airlines for comment. BlackRock routinely points to high returns on its ESG products and its client satisfaction in response to criticism of its inv
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 ...
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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 ...
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 ...
Four ESG finance topics for 2025
Executives' concerns for environmental, social and governance (ESG) factors seems in retreat by many measures. Banks have ...
BlackRock Withdraws From Climate Coalition, Backpedaling Again on ESG
The world’s largest asset manager is latest Wall Street firm to quit climate groups.
EU Bank Regulator Tightens ESG Rules as Climate Risk Grows
Europe’s financial regulator for banks said lenders in the bloc must regularly and comprehensively measure ESG risks, in new ...
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JASON ISAAC: Wall Street Wants You To Believe It’s Backing Away From ESG. Reality Paints A Different Picture
Financial institutions across the world are engaging in the height of hypocrisy, publicly renouncing controversial groups ...
ESG scores and scandal risk: How can investors make smarter choices?
A study conducted by researchers from The University of Hong Kong, University College London, Xiamen University, and The Hong ...