An SEC rule that would increase requirements for companies to disclose their emissions was paused following a lawsuit this spring.

Climate-related disclosures will bring complexities requiring short- and long-term action by financial institutions, and the first reporting could begin in fiscal 2025.

"It would be irresponsible for us to ignore factors that can fundamentally impact the long-term viability of investments," said CalPERS interim Chief Investment Officer Dan Bienvenue of climate risks.

Despite attacks on the broader ESG strategy, a narrow niche focused on women had a positive quarter.

Active funds still dominate the ESG space, but passive, cheaper indexes are making ground.

The ESG closure rate is far outpacing last year.

The SEC's guidance is a part of a much broader movement as the U.S. strives to catch up with Europe.

As the letters "ESG" fall out of favor, BlackRock and other firms are shifting their language to terms like "climate," "green" and "transition."

As ESG investments face political backlash, here's how financial advisors are talking to clients about impact investing.

It may seem like ESG's moment has passed. But as millennial and Gen Z investors gain more wealth, do-good investing is likely to become more important than ever.