Investors to fund firms: “No ESG, no money”
A group of major pension funds has written a no-ifs-and-buts letter to asset managers and companies warning that firms who fail to consider the impact of ESG risks are no longer “attractive” …
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Whilst, in broad terms, ESG factor disclosures by companies in Emerging Markets is not yet at the level of Developed Markets, it continues to improve, and indeed what we now think of as ESG factor considerations have been present in …
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Accountants commit to improve corporate climate disclosure
A group of prominent accounting bodies, representing over 2.5 million accountants globally, have signed an “urgent” call to action pushing the profession to agree standards on climate change.
The 14 bodies and 13 …
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Business leaders agree ESG-aligned remuneration pledge
A new manifesto aiming to align executive pay to ESG-related criteria has been welcomed by company CEOs.
Gathering at the World Economic Forum’s (WEF) International Business Council meeting, held in Davos this week, the …
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BoE’s Haldane: Shareholder-focused capitalism beginning to fray
The Bank of England’s chief economist has questioned the UK’s corporate governance model – suggesting it should be overhauled to focus not just on shareholders but wider society, too.
During a speech at …
Read MoreDoJ cautions SEC over proxy advice proposals
The US Department of Justice (DoJ) has expressed deep concerns over proxy advisor rule amendments proposed by the country’s financial regulator, warning the changes could quash competition in the advisory market and restrict …
Read MoreOne of the largest fund managers in Europe is pressing all companies in which it invests to employ the Taskforce for Climate-related Financial Disclosures (TCFD) framework to help boost their climate risk efforts.
The move is being seen as a …
Read MoreLarge fund group votes stymying ESG resolutions
Some of the world’s largest fund groups voted against nearly 90 per cent of ESG-related shareholder resolutions in 2019, despite overall investor support for these proposals climbing in the past five years, a …
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UK pensions to pioneer mandatory climate change reporting
UK pensions are set to be the first in the world to be legally required to assess, and rectify, their exposure to climate change risk.
An amendment, including reporting requirements in …
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Shareholders lack confidence to hold companies to account
Large swathes of shareholders are not voting on company resolutions because they do not believe their vote will make a difference, a report has suggested.
The astonishing finding, from a poll conducted …
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