Texas has moved to ban state entities from doing business with HSBC after the financial services giant introduced a new policy to transition away from financing fossil fuels.
The US state has added HSBC to a list of banned companies …
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IASB begins climate-related risk project
March 28, 2023
The International Accounting Standards Board (IASB) has begun evaluating how companies can improve their climate-related risk reporting.
The new project, launched under the purview of the International Financial Reporting Standards Foundation (IFRS), …
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March 24, 2023
The European Commission has proposed new rules on companies’ environmental claims – but some campaigners say they don’t go far enough.
Companies will be required to obtain independent verification of any environmental claims linked to their products, …
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Biden vetoes bill to overturn DOL ESG rule
March 23, 2023
US President Joe Biden has vetoed a bill that would prevent pension fund managers from considering climate change and ESG factors in their investment decisions.
On March 20, Biden …
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Racial justice audits set to rise in 2023
March 17, 2023
With 2022 being another record year for shareholder proposals on racial justice audits, 2023 looks set to continue the trend.
Analysts agree that the human and economic cost of …
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Shareholders double-down as BP pushes back on climate
March 17, 2023
Shareholder activist group Follow This has urged shareholders to rally behind climate-related resolutions this year after BP pushed back ahead of its annual meeting.
The oil giant has called …
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Kansas anti-ESG bill could reduce pension returns by $3.6bn
March 15, 2023
Kansas’ proposed legislation to prevent ESG considerations by public contractors could lower state pension system returns by $3.6bn over the next decade.
The Protection of Pensions and Businesses …
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