Author Archives: Liz Pfeuti
Consumer groups slam attempt to delay SRD II

Investors show dissatisfaction with BP’s climate strategy

May 5, 2023


BP is under pressure to align its Scope 3 emission reduction plans with the Paris Climate Agreement after investors backed a shareholder resolution at its AGM. 

At the meeting late …

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Florida,Governor

Florida passes anti-ESG bill  

April 5, 2023


Florida has become the latest Republican state to prohibit the inclusion of ESG considerations in investment decisions, following similar legislation that passed in Kansas.  

Governor Ron DeSantis signed an anti-ESG bill to require …

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Woodside logo on a skyscraper

Woodside Energy withstands investor unrest at AGM 


Woodside Energy has withstood investor backlash against inadequate climate policies at this year’s AGM.  

Australia’s largest oil and gas producer faced resistance for the re-election of three directors amid mounting criticism from …

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BAT fined $629M for North Korea sanction breaches

April 28, 2023


Cigarette maker British American Tobacco (BAT) has paid penalties totalling more than $629 million (£503.5 million) to US authorities to settle charges related to breaches of sanctions against North …

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Investors back EU plan for human rights due diligence rules

EU adds financial services to due diligence proposal  


Proposed legislation will hold financial services firms based in or operating in the EU accountable for human rights and environmental violations in their value chain.  

The latest draft of the European Commission’s …

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BP petrol station rooftop

BP shareholders demand tighter climate policy 

April 15, 2023


Follow This has urged shareholders to support its proposal to align BP’s climate policy with the Paris Agreement after the oil giant lowered targets earlier this year.  

Ahead of BP’s annual …

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website commission Charities

The UK’s charities regulator has scrapped words such as “ethical” and “responsible” from its investment guidelines in a major overhaul designed to modernise its advice for non-profits. 

The Charity Commission has proposed “retiring” certain phrases that charities have said are …

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Green financial disclosure documents spread out upon a table top

European Commission updates SFDR guidance 

April 20, 2023


The European Commission (EC) has amended guidance to clarify how to interpret the Sustainable Financial Disclosure Regulation (SFDR).  

In response to questions posed by the European Supervisory Authorities, the updated guidance confirmed …

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Amazon logo

Amazon sets record for shareholder proposals 

April 18, 2023


Amazon shareholder proposals have hit a record number for the second consecutive year as ESG investors demand greater transparency.  

The e-commerce giant’s proxy statement revealed shareholders have submitted 18 proposals for …

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GPIF scales up stewardship expectations

Investor groups to pressure Japan banks on climate change

April 14, 2023


Japan’s three largest banks are facing pressure from shareholder groups over climate change policies that the groups claim “lack credibility”.

A trio of organisations representing investors and environmental …

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