July was characterized by rising temperatures across the globe and rising tensions in Congress over how ESG is being used/misused by investment managers. On climate, a recent study found that 81% of the global population experienced unusually high heat last month, a byproduct of July 2023 being the hottest month on record. In Congress, debates centered around the SEC’s proposed climate disclosure rules as well as proxy voting and oversight processes. This month, we reiterate the need for investors to ignore the political noise, which is likely to stick around, and instead focus on how companies are positioned to withstand climate change risks and/or leverage policy incentives to drive future growth.

To read our full Sustainable Investment Update, please contact us at [email protected].