Australia, Parliament, JobKeeper

With Australian proxy season preparations now underway, the Australian federal authorities are looking to introduce a public register of companies that use the government’s JobKeeper programme. Debates around the proposed bill centre over the impact and fairness of Covid furlough support and a lack of corporate transparency over the uptake and use of wage subsidies.

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diversity

Businesses that encourage boardroom gender diversity achieve better financial results, new research has found.

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FCA

The UK’s Financial Conduct Authority (FCA) has hit out at “poor quality” product applications for ESG funds and set out detailed guidance for fund managers.

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Letter

UK-based asset owners have warned that the Task Force on Climate-related Financial Disclosures (TCFD) portfolio alignment proposals could undermine efforts to transition to a low carbon economy.

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Biden, Executive Order

US President Joe Biden has signed an executive order targeted at clamping down on “anti-competitive” practices in the corporate world and labour markets.

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COVID-19

The use of ESG integration strategies have increased by 15.4% year on year in Japan, despite a decrease in the country’s sustainable investment balance, a Japan Sustainable Investment Forum (SIF) White Paper has found.

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It may be “some time” before directors face charges for failings on climate risks despite the introduction of new reporting rules in this area, a leading expert has said.

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DWP, pensions, stewardship

This week marked the inaugural meeting of the Occupational Pensions Stewardship council, a new Department of Work and Pensions (DWP) initiative responding to a recent push for improved stewardship and ESG reporting.

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SEC reviewing decade-old climate disclosure rules

The UK’s pensions watchdog has launched an eight-week consultation to assist trustees in meeting stricter sustainability and governance measures.

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Japanese electronics giant Toshiba’s chairman has been ousted from his role by shareholders at the company’s AGM held on 25 June.

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