China Stock Exchange releases sustainability reporting requirements
February 20th, 2024
China’s major stock markets have announced sustainability reporting guidelines to be adhered to from 2026 and to include a double materiality approach.
China’s three major stock markets, the Shanghai Stock …
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Anti-ESG sentiment in US could spread to Europe
February 16th, 2024
Opposition to ESG investment in the US could reach Europe, Norges Bank Investment Management (NBIM) CEO Nicolai Tangen has warned.
Anti-ESG sentiment has been on the rise in the …
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NZAOA warns entire economic system is at risk
February 15th, 2024
The Net-Zero Asset Owner Alliance (NZAOA) has warned that asset owners would only be able to meet their clients’ net zero aspirations through climate stewardship.
The United Nations-backed group …
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Focus on sustainability will help trustees meet fiduciary duties, says FMLC
February 8th, 2024
The Financial Markets Law Committee (FMLC) has published a review on pension fund trustees’ fiduciary duties in relation to sustainability amid widespread uncertainty in the industry.…
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Lawsuit filed against California’s disclosure rules
February 7th, 2024
The US Chamber of Commerce has filed a lawsuit against the state of California over its new corporate climate disclosure laws.
The new corporate disclosure laws, which were signed by California …
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Australia proposes new law on climate reporting
February 5th, 2024
The Australian government has proposed a new law to establish a climate risk disclosure framework, introducing new reporting requirements for companies.
The draft legislation amends the Australian Securities and Investment …
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Pensions not protecting people from climate-related financial risk
February 2nd, 2024
Pensions funds are failing to protect their beneficiaries from climate-related financial risk, according to a new report by Sierra Club, Stand.earth, and Stop the Money Pipeline.
The report, ‘…
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Success for Tesla shareholder as judge voids Elon Musk’s $56 billion pay package
February 1st, 2024
A judge has ruled in favour of a small Tesla shareholder, voiding Elon Musk’s $56 billion pay package and calling it “unfair” to shareholders.…
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Friends of the Earth files lawsuit against ING
January 31st, 2024
The Netherlands arm of Friends of the Earth, Milieudefensie, has filed a climate lawsuit against financial services group ING, calling on it to halve its carbon emissions.
The lawsuit …
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