Royal Bank Canada

RBC faces shareholder resolution over sustainability-linked debt


March 4th, 2022

A shareholder advocacy group has filed a resolution with the Royal Bank of Canada (RBC) regarding the bank’s use of sustainability-linked debt.

Investors for Paris Compliance (I4PC) filed the resolution

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The EU Sustainable Finance Platform: Where are the owners? Stewardship Code IIGCC

Human rights alliance warns of due diligence gaps


March 04, 2022

The Investor Alliance for Human Rights has cautioned that “significant gaps” remain in the European Commission’s (EC’s) proposal for a directive on corporate sustainability due diligence.

The Alliance said …

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SMEs

Governance body flags issues with EC SME listing rules


February 25, 2022

The International Corporate Governance Network (ICGN) has raised concerns about the European Commission’s (EC) plan to improve access to financing for small and medium-sized enterprises (SMEs).

The commission …

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european court of auditors, luxembourg

Auditors criticise EU and ESMA over funds market regulation


February 25, 2022

EU-based investors are still at risk of incurring “undue costs” or “biased advice” despite the development of the single market for investment funds, according to a new report

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PLSA, Pension

Climate and diversity top 2022 UK pension agenda


February 25, 2022

UK pension funds will focus on climate change issues and corporate compliance with the Task Force on Climate-related Financial Disclosures (TCFD) in the 2022 proxy voting season.

The Pensions …

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net zero

TPI sets out net-zero pathways for highest emitting sectors


February 18, 2022

The Transition Pathway Initiative (TPI) has created a framework for assessing corporate decarbonisation progress across the 10 highest emitting economic sectors.

The asset owner-led organisation’s report translates International …

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taxonomy

ICMA to address EU Taxonomy usability concerns


February 18, 2022

The International Capital Market Association (ICMA) is to address usability concerns over the EU Taxonomy for sustainable activities. Its new report highlighted the difficulty in sourcing or estimating the required …

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Norway’s oil fund needs to “catch up” with ethical norms

ShareAction: Banks financing oil & gas production despite net-zero pledges


February 18, 2022

European banks are continuing to finance the expansion of oil & gas production despite making net-zero commitments, according to sustainability campaign group ShareAction.

Its data shows that …

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Josh Frydenberg

Australian Senate rejects Frydenberg’s proxy rules


February 11, 2022

Three days after they were set to come into effect, the Australian Senate has overturned Treasurer Josh Frydenberg’s regulations on proxy advisers.

On Wednesday, independent Senator Rex Patrick put forward a …

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Asset owner feedback sought as ISSB builds approach


February 11, 2022

The new standards body is fleshing out its approach with input from the Financial Reporting Council.

Investors have been invited to give feedback on prototype disclosure templates set out …

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