ESG News

American Airlines Must Face Lawsuit Over ESG Retirement Investing

American Airlines must face a lawsuit claiming it failed to prudently oversee employee retirement funds because it used asset managers that pursued sustainable investment strategies, a federal judge in Fort Worth, Texas ruled. U.S. District Judge Reed O’Connor said pilot …

Allianz D&O Outlook: ESG Claims ‘Here to Stay’ and AI Rapping at the Door

While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with environmental, social, and governance issues. Agree or not with the premise …

Texas Anti-ESG Push Is Coming for Insurers and Pensions in New Bills

A Texas lawmaker is seeking to broaden the fight against ESG policies by imposing further limits on the types of investments state pension managers can make and restricting shareholder proposals that would dictate insurance companies’ business with oil and gas …

A Class-Action Wave Is Coming for ESG Claims

Lawyers are bracing for an increase in ESG-related cases as corporate disclosure requirements stiffen around the world. A survey by the law firm Norton Rose Fulbright found that 28% of more than 430 general counsel and in-house litigation leaders said …