DoL, Department of Labor

DOL final rule allows fiduciaries to consider ESG factors 


November 23, 2022

The US Department of Labor (DOL) has issued a final rule to replace controversial regulation regarding inclusion of ESG investments in pension plans. 

The Prudence and Loyalty …

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ESMA pulls back from ESG legislation for rating agency methodology

Europe’s biggest regulators launch greenwashing study 


November 22, 2022

A major greenwashing study has been launched by three of Europe’s most powerful financial regulatory bodies. 

The study is currently built around a call for evidence aimed at gathering information …

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AGL Website

Shareholder takeover rocks AGL board


November 18, 2022

AGL Energy’s Board was overhauled at its recent AGM due to concerns over its climate risk management and a shareholder campaign by tech billionaire Mike Cannon-Brookes. AGL is Australia’s largest greenhouse gas …

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COP27 and EU Flags

COP27: EU doubles down on climate ambitions


November 18, 2022

The European Union has told world leaders at the COP27 summit it plans to update its already ambitious emissions-cutting target over the coming year.

The 27-country bloc’s upgraded mission statement …

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Prime Minister Rishi Sunak , UK government

Sunak tells UK executives to curtail their pay


November 18, 2022

Rishi Sunak has urged the UK’s top executives to demonstrate leadership during the cost-of-living crisis by showing “restraint” with their pay.

The British Prime Minister made the comments as …

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Elon Musk Silhouetted in front of the Tesla logo

Musk defends $56 billion Tesla pay packet in court


November 18, 2022

Elon Musk has appeared in court to defend his $56 billion Tesla pay package against claims he dictated its terms to the company’s board.

Tesla shareholder Richard Tornetta …

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COP 27 Flag

Finance day at the 27th Conference of Parties (COP27) came and went this week, with several significant announcements in the world of green finance.

This article condenses some of the most important stories for Minerva’s readers.

High-Level panel puts proxy

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USCC. US Chamber of Commerce website

Lobbying giant calls for SEC disclosure on proxy rules error


November 11, 2022

America’s biggest business lobbying group is calling for answers on how a computer glitch affected a public consultation on rules regulating how proxy firms advise investors on …

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Channel 7, West Media Group

Executive pay at Seven West Media found to be “erroneous”


November 11, 2022

Seven West Media (SWM) has had to reissue its 2022 remuneration report after discovering it was based on miscalculations by external consultants Ernst & Young (EY).

The …

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ESGvolution, Environment, Nature, Nature-related

TNFD releases third iteration of beta framework


November 11, 2022

The Taskforce on Nature-related Financial Disclosures (TNFD) has released an ambitious third draft of its beta framework and is calling for greater transparency from companies.

After two iterations of the …

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