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Trump takes aim at ESG as he tells regulators to curb proxies' sustainability advice

US President Donald Trump has ordered the country's regulators to review their rules to ensure a proxy advisors ISS and Glass Lewis "act solely in the financial interests" of investors, suggesting they should not back climate or diversity shareholder proposals.

SEC chair backs giving companies more power to block 'politicised' ESG resolutions

Companies would be given more power to ignore shareholder proposals under a rule change proposed by the chair of the US Securities and Exchange Commission (SEC), who argued investors' ESG-related proposals risked undermining growth.

SEC chair says 'concerning' EU sustainability rules should dump double materiality

The chair of the Securities and Exchange Commission (SEC) has criticised the anticipated impact on US companies of EU sustainability rules, suggesting that the bloc should drop a requirement that companies report their impact on environment and the society.

SEC ends defence of climate rule in 'backward step for investors'

The Securities and Exchange Commission (SEC) has ended defence of its own climate disclosure rule, signalling a major blow to hopes it could be saved from legal challenges.

Trump picks critic of climate rule to lead SEC