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 largest shareholders with a 10% stake, proposed to remove eight members of the airline’s board […]
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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 minister and minister of finance Chrystia Freeland confirmed the government will amend the Canada Business […]
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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 SEC Newgate. The fourth edition of SEC Newgate’s annual ESG monitor found that the public’s […]
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Shareholder Proposals Quieten Down in Australia AGM Season October 11th, 2024 As the Australian AGM season commences, this blog article by Stewardship Senior Analyst Thomas Bolger provides an in-depth analysis of recent trends in shareholder engagement. Annual General Meetings are an opportunity for shareholders to gather, ask boards questions and provide input on future strategic […]
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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 Commission on Mining 2030 identified six priorities for investors seeking to support an environmentally and […]
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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 FossielVrij, Advocates for the Future and De Reclamejagers argued that the cruise line’s advertisements were […]
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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 decrease the number of greenwashing advertisements displayed on public transport throughout the city, as advertisers […]
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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 Labor (DOL) rule. The Integrity in Fiduciary Duty Act aims to eliminate ESG ideology from […]
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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, filed in the San Francisco County Superior Court, claims that ExxonMobil has deceived Californians through […]
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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 advised 17 high-profile brands to review their specific claims and has secured commitments from ASOS, Boohoo, […]
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