US Republicans are picking a fight with some major financial institutions over ESG, or environmental, social and governance investing. That means considering things such as climate risks, labour issues and board diversity when choosing investment funds. The FT’s corporate governance reporter Patrick Temple-West explains why Republicans are upset and what this backlash might mean for the future of ESG. Clips from Fox News, CNBC - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: US Republicans pull $1bn from BlackRock over ESG investing concerns BlackRock: ESG tightrope is hard to navigate Making funding flows fair: Must ESG be bad news for emerging markets? Greenwashing faces fresh curbs in UK regulator’s crackdown - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Patrick Temple-West (@Temple_West) and Michela Tindera (@mtindera07)  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Years of low interest rates sent investors hunting for creative ways to generate returns. One unlikely place they found was inside the song catalogues of some of the top musicians and songwriters of the last few decades. But now, as interest rates rise and the possibility of a global recession looms, the FT’s Anna Nicolaou and Kaye Wiggins explain how one of the hottest recent trends on Wall Street could soon have to face the music.  Clip from Chevrolet  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: How Wall Street stormed the music business Blackstone-backed song rights machine suffers growing pains Another brick in the Wall Street as Blackstone seeks Pink Floyd catalogue - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Anna Nicolaou (@annaknicolaou), Kaye Wiggins (@kayewiggins) and Michela Tindera (@mtindera07)  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.