Sustainability standards consolidation draws closer

Sustainability standards consolidation draws closer  IFRS Foundation seeks to launch sustainability standards board In response to growing demand for global standards as sustainability becomes ‘business as normal’ in financial reporting, the International Financial Reporting Standards (IFRS) Foundation is taking action in the run-up to the COP26 Summit. In September, the IFRS Foundation’s trustees intend to […]

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Purpose can help companies improve stakeholder confidence

Purpose can help companies improve stakeholder confidence Experts discussed the importance of purpose at The Investor Forum’s 2021 annual webinar Companies that focus on purpose have a more comprehensive understanding of value creation and sustainability, which can increase stakeholder confidence in business, according to The Investor Forum. Focussing on purpose can help companies and investors […]

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SEC creates new senior climate change role

SEC creates new senior climate change role Regulator likely to pursue policies to incorporate climate risk as part of corporate disclosures President Joe Biden’s pledge that his inauguration would mark a sea change for climate policy is already in action with the creation of a new top-ranking climate role in the Securities and Exchange Commission […]

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Minerva launches pooled fund split voting service: ‘VotePlus’

AMX and DWS adopt Minerva’s split voting technology ‘VotePlus’ in upcoming launch New solution rapidly accelerates sustainable stewardship Minerva Analytics, Europe’s leading independent proxy voting agency, has embedded its VoteTech in a new, ground-breaking solution designed to help investors better meet their stewardship commitments. The Asset Management Exchange (AMX), part of the Willis Towers Watson […]

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Regulators warn Covid-19 could delay UK company reporting

Impact of lockdowns could hold up verification of financial accounts Regulators are warning that reporting of annual results for listed companies could be delayed because of the coronavirus pandemic. The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) said in a joint statement on 27 January that listed companies whose financial year ended […]

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DWP confirms climate risk rules for pension schemes

Trustees of occupational pension schemes with more than £5bn will be required to publish a TCFD report The government has confirmed details of how UK pension schemes will be required to report on climate change issues affecting their portfolios. The Department of Work and Pensions (DWP) confirmed this week that from October 2021 occupational pension […]

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Biden returns US to Paris Agreement and appoints proxy voting advocate

Allison Herren Lee takes the top regulatory job Joe Biden has already shown his commitment to acting on climate change, bringing the US back into the Paris accord and appointing Allison Herren Lee as acting chair of the Securities and Exchange Commission (SEC). Just hours into his presidency on January 20, Biden wrote to the […]

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UK pensions sector gets closer to adopting stronger ESG rules

Pension Schemes Bill will soon receive Royal Assent Powers to impose climate change regulations on pension schemes, including requirements to have net-zero carbon emissions by 2050, have taken a step closer to reality as the long-debated UK Pension Schemes Bill is about to be given Royal Assent. The final parliamentary stage of the Pension Schemes […]

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M&S takes action on China over human rights

The company will no longer use cotton from China’s Xinjiang region Marks & Spencer has become the first top-tier UK clothing company to formally announce it will cut all ties with suppliers that are connected to the forced labour of the Uyghur people. The announcement came as China faces growing pressure from the international community […]

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Investor Forum embraces ‘stakeholder capitalism’

An investment industry initiative set up to help escalate material issues with UK-listed companies has reported its strongest year to date for collective engagement activity. The Investor Forum said 2020 had proved to be a watershed year for the development of its investor stewardship agenda and that it had engaged with more companies than ever […]

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