Author Archives: Liz Pfeuti
French regulator demands broader scope for non-financial reporting

French regulator demands broader scope for non-financial reporting

The French securities regulator, AMF, has asked the European Commission to make all companies, irrespective of size, disclose harmonised ESG data under the EU Non-Financial Reporting Directive.

The Autorité des marchés financiers …

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“Exploitative” Chinese companies face new battle to list in US

“Exploitative” Chinese companies face new battle to list in US

Chinese companies looking to list on US exchanges are set to face tougher scrutiny, thanks to moves to protect investors by Senators and a homegrown accounting scandal.

On Wednesday (May …

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T Rowe Price: Engagement or voting? Asset manager advocates alternatives

Direct engagement with companies produces better results than shareholder resolutions at AGMs, an asset manager has argued.

US investment house T Rowe Price, which runs approximately $1trn, stated in its annual ESG report that it preferred to engage one-to-one with …

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Authorities lift shorting bans as markets recover

European regulators have removed temporary bans on short selling that have been in place since the height of the pandemic-induced selloff in March.

Authorities in Austria, Belgium, France, Greece, Italy and Spain allowed their bans to expire at midnight on …

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Norway’s oil fund needs to “catch up” with ethical norms

Norway’s Government Pension Fund Global (GPFG), the world’s largest sovereign wealth fund, has announced the exclusion of 11 companies from its NOK10.1trn (£818.5bn) portfolio on environmental grounds.

Following advice from its ethics council, Norges Bank Investment Management (NBIM), which manages …

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Investors strike emissions agreement with Total

Energy giant Total has committed to achieving net zero carbon emissions by 2050 or sooner, following engagement with leading investors through Climate Action 100+.

The agreement means all Europe-based oil and gas majors are now working towards the net zero …

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The Supreme Court of London

The UK government has lost a Supreme Court case over its right to ban local authority pension funds from divesting or boycotting companies.

The UK Supreme Court ruled 3-2 in favour of the Palestine Solidarity Campaign (PSC) and Jacqueline Lewis, …

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Consumer groups slam attempt to delay SRD II

Investor organisations have hit out at lobbying from custodians, securities lenders and other financial services groups to delay the implementation of the second Shareholder Rights Directive (SRD II).

In a letter to the European Commission, EU consumer group Better Finance

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SEC creates new senior climate change role

The Securities and Exchanges Commission (SEC) has shelved proposals that would have limited the power of shareholder advisory firms in corporate decision making.

The SEC is scrapping a portion of its proposal that would have forced proxy advisers to submit …

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Minerva partners with Ryedale for ESG investment solution

Minerva Analytics has entered into a collaborative partnership with portfolio management technology provider Ryedale to incorporate environmental, social and governance (ESG) data into the fund management investment process.

The joint work is aimed at asset owners, asset managers and regulators …

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