FCA starts development of ESG rating providers’ code of conduct November 24, 2022 A Financial Conduct Authority (FCA) taskforce has been formed to help regulate ESG data and ratings providers. The working group will be co-chaired by M&G, Moody’s, London Stock Exchange Group, and Slaughter and May, and will also feature stakeholders, investors, and the […]
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COP27: EU doubles down on climate ambitions November 18, 2022 The European Union has told world leaders at the COP27 summit it plans to update its already ambitious emissions-cutting target over the coming year. The 27-country bloc’s upgraded mission statement will be aligned with the Paris Agreement, a legally binding international treaty on climate change, […]
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Rishi Sunak has urged the UK’s top executives to react to the cost-of-living crisis by showing “restraint” with their pay.
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Musk defends $56 billion Tesla pay packet in court November 18, 2022 Elon Musk has appeared in court to defend his $56 billion Tesla pay package against claims he dictated its terms to the company’s board. Tesla shareholder Richard Tornetta has sued Musk and the board and hopes to prove the world’s wealthiest person used […]
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Lobbying giant calls for SEC disclosure on proxy rules error November 11, 2022 America’s biggest business lobbying group is calling for answers on how a computer glitch affected a public consultation on rules regulating how proxy firms advise investors on voting decisions at AGMs. The US Chamber of Commerce (USCC) has sent a Freedom of […]
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Seven West Media (SWM) has had to reissue its 2022 remuneration report after discovering it was based on miscalculations by external consultants Ernst & Young (EY).
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The Taskforce on Nature-related Financial Disclosures (TNFD) has released an ambitious third draft of its beta framework and is calling for greater transparency from companies.
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ESG remains strong despite greenwashing concerns, AIC reports November 11, 2022 Only one percent of investment specialists completely trust funds’ sustainability marketing claims while more than half suspect there is too much greenwashing, according to a trade body survey. But despite scepticism, financial advisers and wealth managers remain supportive of the growing appetite for ESG […]
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Wall Street’s top regulator has confirmed new rules relating to how investment funds report their proxy votes.
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The pensions industry needs to pull its finger out and embrace the concept of ‘double materiality’ in order to pull its weight when it comes to meeting sustainability goals.
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