Editor, Author at Minerva-Manifest

Carbon Clear: M&S tops sustainability reporting rankings

Retailer Marks & Spencer (M&S) topped the sustainability reporting rankings from Carbon Clear that this year covered companies from the major French index, the CAC 40, as well as the Spanish index, the IBEX 35, and the FTSE 100.

The …

Guidance launched to help UK boards take stakeholders into account

ICSA: The Governance Institute and The Investment Association (IA) have launched guidance to help UK company boards ensure they understand and weigh up the interests of their stakeholders when making strategic decisions.

This follows the recent publication of the government’s …

UK advisory firms commit to informing trustees about ESG guidance

The Association of Member-Nominated Trustees (AMNT) and the UK Sustainable Investment and Finance Association (UKSIF) have achieved a commitment by 12 leading investment consultants that they will make clients aware of the guidance from The Pensions Regulator that pension funds …

EY: Challenge to keep UK annual reports clear and concise

With UK annual reports continuing to steadily increase in length and demands for more disclosures the challenge remains for their preparers to keep reports clear and concise, according to Ernst & Young’s (EY’s) fourth annual review of FTSE 350 annual …

Deutsche Börse introduces pay cap for executive board

Financial exchange group Deutsche Börse has introduced a cap on the total remuneration of its executive board members. The company said the decision to introduce the cap was taking at its supervisory board meeting this week and was part of

World Benchmarking Alliance: Assessing firm performance on SDGs

Fund manager Aviva, in partnership with Index Initiative, the United Nations Foundation and the Business and Sustainable Development Commission, has launched the consultation phase of the World Benchmarking Alliance (WBA). This global multi-stakeholder initiative aims to develop and …

UK: Consultation begins on tougher takeover rules

The UK’s Takeover Panel is consulting on a tightening of the rules for company acquisitions. Under the new rules firms making a takeover bid will make clearer statements of intent in respect of its future plans for the business that …

Dutch draft stewardship code published

A Dutch stewardship code has been drafted by a group of pension funds, insurers and asset managers led by Eumedion, which represents the views of institutional investors on corporate governance and sustainability issues in the Netherlands.

Eumedion, which is …

South Africa: Investors ready to oppose auditor re-appointments

Since announcing in June that a new mandatory auditor rotation rule would be introduced in 2023 South Africa’s Independent Regulatory Board for Auditors (IRBA) has surveyed the proxy voting results in respect of auditor re-appointments this year.

The IRBA said …

United Utilities: UK water supplier fined for polluting river

Water supplier, United Utilities, which has customers based in the North West of England, has been fined £666,000 and ordered to pay costs of over £32,000 after pleading guilty to polluting a river with untreated sewage effluent in Greater …