Are ESG-Supportive Institutions Addressing Income Inequality, The ‘Other’ Big Risk?

(Forbes) Investment firms of all shapes and sizes have been busy creating investment vehicles known as ESG-focused funds that in the last several years have attracted billions upon billions of dollars from investors looking to profit from companies that are seeking to address environmental, social, and governance matters in a constructive manner. No doubt some…

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Montana youth win a historic climate case

(Grist) A state judge in Montana gave climate activists a decisive win on Monday when she ruled that the state’s support of fossil fuels violates their constitutional right to a clean and healthful environment. District Court Judge Kathy Seeley struck down as unconstitutional a state policy barring consideration of the impacts of greenhouse gas emissions…

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These Women Tried to Warn Us About AI

(Rolling Stones) Timnit Gebru didn’t set out to work in AI. At Stanford, she studied electrical engineering — getting both a bachelor’s and a master’s in the field. Then she became interested in image analysis, getting her Ph.D. in computer vision. When she moved over to AI, though, it was immediately clear that there was something…

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Tutoring firm settles US agency’s first bias lawsuit involving AI software

(Reuters) A China-based tutoring company has agreed to settle a U.S. government agency’s novel lawsuit claiming it used hiring software powered by artificial intelligence to illegally weed out older job applicants. The 2022 lawsuit against iTutorGroup Inc was the first by the U.S. Equal Employment Opportunity Commission (EEOC) involving a company’s use of AI to make employment…

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Fearless Fund responds to racial discrimination lawsuit

(TechCrunch) Fearless Fund, an Atlanta-based fund that invests solely in women founders of color, has responded to the suit filed against it by the American Alliance for Equal Rights (AAER), accusing it of racial discrimination. In a statement, the fund said that it was “proud of the work [it has] done at the Fearless Fund and Fearless…

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Insights on How to Be a Socially Conscious Company Today

(WSJ) Many chief financial officers and corporate leaders have questions about how to navigate environmental and social issues in the wake of backlash against Target and Bud Light and continuing concerns about “greenwashing”—the practice of companies overstating their environmental policies. Lucy Parker, a senior partner at the Brunswick Group and co-author of a forthcoming book titled “The Activist Leader:…

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Biden to Restrict Investments in China, Citing National Security Threats

(NYT) The Biden administration plans on Wednesday to issue new restrictions on American investments in certain advanced industries in China, according to people familiar with the deliberations, a move that supporters have described as necessary to protect national security but that will undoubtedly rankle Beijing. The measure would be one of the first significant steps the…

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Over Half of M&A Dealmakers Have Cancelled Deals on ESG Due Diligence Findings: KPMG Survey

(ESG Today) ESG considerations are increasingly being integrated into the dealmaking process by M&A professionals, according to a new survey by global professional services firm KPMG, which found that over half of respondents reported that they have cancelled deals due to material findings during ESG due diligence, and that nearly two thirds of investors would…

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The Western hemisphere’s poorest nation sees a glimmer of hope

(The Washington Post) Two years after the assassination of Haiti’s president triggered a spiral of mayhem, economic calamity and gang violence, there is a glimmer of hope for the Western Hemisphere’s poorest nation. It arrives from the government of Kenya, which has offered to send 1,000 police officers and lead a multinational force that would help Haitian…

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