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.
The Right-Wing Judge on a Mission to Destroy ESG Retirement Planning
There are more than 800 federal judges in the United States. None of them create as much work for their colleagues as Reed O’Connor, a federal judge who serves in the northern district of Texas. For nearly two decades,
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
Federal Court Rules ESG-Guided Investing of 401(k) Plan Is a Breach of Fiduciary Duty
Following a bench trial, Judge O'Connor (N.D. Tex.) held that “that Defendants breached their fiduciary duty by failing to loyally act solely in
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 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
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Practical Takeaways from Spence v. American Airlines, Inc. for ERISA Plan Fiduciaries
Judge Reed O’Connor of the Northern District of Texas issued a much-anticipated ruling in Spence v. American Airlines, ...
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The Best ESG Funds Of 2025
If you want a fund positioned to deliver above-average income yield with ESG investing, consider NUDV. The iShares MSCI Global Sustainable Developmental Goals ETF screens for companies that get ...
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Why Wall Street Banks Are Suddenly Quitting A Global Climate Group
From Goldman Sachs to Morgan Stanley, the largest banks in the U.S. announced departures from an international climate group ...
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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 ...
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 ...
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Singapore’s NUS Adopts Blockchain for Green Bond ESG Reporting
The move marks a significant milestone for NUS, making it the first university in Singapore to integrate blockchain into ESG ...