EU, European Parliament

EU to crackdown on greenwashing in green bonds


20 May, 2022

The proposals seek to bring in standards, as there is currently no uniform green bond standard in the EU.

The EU Parliament’s Economic and Monetary Affairs Committee have proposed

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Icahn

Activist investor pressures Mcdonald’s on supply chain abuses


13 May, 2022

Recent claims on pork production “pull wool over eyes” of investors, Icahn

Activist investor Carl Icahn has written to fellow McDonald’s shareholders taking issue with the company’s continued failure …

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SEC urged to unleash sweeping changes to proxy system

SEC extends comment period on climate risk consultation


13 May, 2022

Deadline for comments on The Enhancement and Standardization of Climate-Related Disclosures for Investors, now 17 June 2022.

The Securities and Exchange Commission (SEC) has extended the comment period for …

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SBTi

SBTi warns Asset managers over passive fund emissions


May 13, 2022

To have targets approved by the SBTi, asset owners must include passive funds in carbon estimates.

The UN-backed Science Based Targets initiative (SBTi) has warned asset managers should prepare …

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Vale

SEC charges Brazilian mining company over safety claims

May 6, 2022


The charges follow the deadly Brumadinho dam collapse in January 2019. 

The Securities and Exchange Commission (SEC) has charged Brazilian mining company Vale S.A. with making “false and misleading” …

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HSBC

May 6, 2022


The accusation comes after the regulator warns of a crackdown on misleading environmental ads. 

The UK’s Advertising Standards Authority (ASA) has accused HSBC of misleading customers in its adverts on the company’s green initiatives, according to a …

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Santos

Santos shareholders vote against CEO incentive

May 6, 2022


Continued shareholder resistance against Santos could result in a call to oust the board

One-quarter of shareholders in Australian energy company Santos have voted against the company’s executive pay plans, …

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Shareholder activism

Activist investors pressure oil majors for emissions reductions


April 29, 2022

2022 proxy voting season to get underway after 2021 saw some successes for activist investors.

A record number of climate-related shareholder votes are expected to be filed with major …

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StanChart boss pay slashed 29%

Standard Chartered fined record £46.55m by PRA


April 29, 2022

UK regulatory body the Prudential Regulation Authority (PRA) has issued Standard Chartered Bank with a £46.55 million …

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GSK

GSK’s UK workers vote for industrial action over ‘derisory’ pay offer


April 29, 2022

The pay offer dispute comes after GSK made significant profits in 2021 and gave its CEO a 17% pay rise.

The UK workers of pharmaceutical giant …

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