Author Archives: Liz Pfeuti
Cybersecurity

SEC fines four companies $7 million for “downplaying” cyberattack

October 23, 2024


An American regulator has charged and imposed penalties totalling $7 million on four companies for making misleading disclosures linked to the 2019 SolarWinds data breach.

The Securities and …

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Southwest dismisses shareholder proposal as an attempt to “maximise disruption”

October 18, 2024


Southwest Airlines has condemned a shareholder’s proposal to replace board members, calling it an “unnecessary and inappropriate” attempt to “maximise disruption.”

Elliott Investor Management, one of Southwest’s …

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Climate change

Canada to set mandatory climate disclosures for large companies

October 18th, 2024


Canada will set mandatory climate-related disclosures for large federally incorporated private companies, as part of two sustainable finance initiatives aimed at achieving net zero by 2050.

Deputy prime …

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responsible conduct

UK expectations of a ‘good business’ shift from profits to responsible conduct

October 17th, 2024


The UK public’s expectations on what defines a good business have shifted, with growing demands for companies to make a more positive impact, according to …

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sustainable mining, BHP Pit Mine, Australia,

Commission outlines investor actions needed for sustainable mining  

October 11th, 2024


A commission supported by investors managing over $15 billion in assets has outlined key actions investors can take to improve sustainability in the mining sector.

The Global Investor …

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Dutch Advertising Committee deems MSC Cruises’ adverts as greenwashing

October 11, 2024


The Dutch Advertising Committee has ordered MSC Cruises to withdraw its sustainability claims from advertisements, siding with a complaint filed by three environmental organisations.

Dutch activist groups Reclame …

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greenwashing, green misleading adverts

Toronto cracks down on misleading fossil fuel adverts

October 9th, 2024


The Toronto Transit Commission (TTC) has banned misleading fossil fuel advertisements in a move similar to the City of Toronto’s infrastructure committee’s recent decision.

The new policy aims to …

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US Dollar, ESG, ESG reporting

US Senator introduces bill to bar fiduciaries from prioritising ESG over financial returns

October 4, 2024


US Senator Bill Cassidy has introduced a bill aimed at preventing fiduciaries from prioritising ESG factors over financial returns, directly challenging a Department of …

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ExxonMobil

California sues ExxonMobil for misleading plastic waste claims

October 3rd, 2024


California Attorney General Rob Bonta has sued ExxonMobil for producing misleading public statements and campaigns for over half a century about its commitment to reduce plastic waste.

The lawsuit

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greeenwashing, fashion

CMA issues a review on greenwashing

October 2, 2024


The Competition and Market Authority (CMA) has issued a new compliance guide, pushing fashion brands to review their green claims.

Alongside the release of the compliance guidelines, CMA has also …

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