Pensions Climate Change PLSA

Pensions urged to up climate change activity The trade group representing some 1,300 UK pension schemes, with £1 trillion of assets, has called on the industry to step up efforts of climate change. Addressing members at the annual Pensions & Lifetime Savings Association Investment Conference, Richard Butcher, the group’s chair, said it was time for […]

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COVID19 Business Continuity

COVID19 Business Continuity Monday 16 March 2020 With effect from noon today, 100% of Team Minerva colleagues are working remotely. We are liaising closely with the Financial Reporting Council to determine the impact of COVID19 on UK AGMs, as well as taking note of global regulatory developments. In the meantime, all aspects of production continue […]

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TCFD Climate Disclosures

TCFD is set to get a boost after the FCA issued new rules requiring TCFD-compliant climate disclosures.

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Green benchmarks ESG data

Have regulators been deceived on green benchmarks? New European regulations on green benchmarks have been thrown into the spotlight this week, amid allegations they favour the interests of a handful of ESG data providers rather than supporting “genuine sustainability”. The European Commission’s proposals to develop benchmarks for low-carbon investment strategies have been dubbed “flawed and […]

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Investors to fund firms: "No ESG, no money"

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” for investments. The letter – signed by three big pensions funds including the California State […]

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ESG factors emerging markets

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 the running of such companies for many years, according to Geoffrey Mazullo of Emerging Markets […]

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Accountants bodies, signed urgent call to agree standards on climate change.

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 chief executives, who are all members of the Prince of Wales’s Accounting for Sustainability Project […]

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ESG-aligned remuneration

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 majority of company bosses gave their backing to an initiative to tie their remuneration to […]

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Shareholder-focused capitalism beginning to fray

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 Bloomberg’s London headquarters this week, Andy Haldane said the UK should undertake “legislative change” to […]

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US Department of Justice

DoJ 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 investor choice. In a letter to the SEC, dated 5 February 2020, the Department of […]

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