Republican-led FSC proposes ESG crackdown legislation
1st August, 2023
The Republican-led US congressional Financial Services Committee (FSC) has proposed a series of bills that are designed to limit the impact of ESG initiatives.
The committee, chaired by Republican Patrick …
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France proposes national corporate sustainability requirement
July 29th, 2023
The French national assembly has adopted a “Say on Climate” amendment to its Green Industry Bill, requiring all companies to establish climate and sustainability strategies.
The amendment requires the board …
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August 1, 2023
The Australian Securities & Investments Commission (ASIC) has filed a lawsuit against Vanguard’s Australian entity for not applying appropriate ESG filters on some of its supposedly ethical funds.
The …
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FRC applauds new reporting requirements
July 26th, 2023
The Financial Reporting Council (FRC) has welcomed the UK government’s draft statutory instrument on corporate reporting, which introduces new requirements for companies.
The new rules will require companies to introduce an …
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Investors Agenda overhauls ICAP Expectations Ladder
July 25th, 2023
Sustainability advocacy group Investors Agenda has updated its Investor Climate Action Plans (ICAP) Expectation Ladder, with new measures including deforestation actions.
The ladder is designed to provide a framework to …
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FCA delays SDR for second time
July 21st, 2023
The Financial Conduct Authority (FCA) has delayed publishing its final Sustainability Disclosure Requirements (SDR) until Q4 2023.
In a regulatory update, Nikhil Rathi, CEO of the FCA, and Sam …
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UK asset managers U-turn on climate at oil firms’ AGMs
21st July, 2023
Some of the biggest UK asset managers have withdrawn their support for a shareholder resolution to cut carbon emissions.
UK AMs including Legal & General, Schroders …
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July 18, 2023
The US congressional Financial Services Committee has begun investigating the rules that govern proxy voting, the processes through which activists apply pressure to public companies to adopt ESG goals.…
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€2.1tn investor coalition forms to tackle digital harm
July 14, 2023
A coalition of investment firms representing €2.1tn in AUM has launched to tackle digital harm, focusing on the largest companies in the media, Internet and gaming sectors.
Sycomore …
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Kenyan workers’ case to be heard in Scotland
July 14th, 2023
A Scottish court has ruled that it will allow a case brought by Kenyan farm workers against a major global tea firm to be heard in Scotland.
Up …
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