Australia, Banks, CBD

Climate-linked pay on the horizon for Australian banks, report claims


December 10, 2021

Australian bank leaders could see their pay linked in part to achieving climate goals as investors continue to increase the pressure on companies over environmental issues.

An …

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pensions, green, stewardship

Pensions Minister urges investors to boost stewardship


December 10, 2021

UK asset managers should comply with new stewardship guidelines to give their clients greater influence over voting shares held in pooled funds, the country’s pensions minister has said.

Guy Opperman, …

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emissions

Australian regulator shies away from mandatory climate disclosures


December 3, 2021

The Australian Prudential Regulation Authority (APRA) has opted not to include mandatory climate risk disclosures in new guidance for the country’s financial services sector.

The APRA has published a …

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delayed

EU delays SFDR product disclosure rules to 2023


December 3, 2021

EU rules requiring greater disclosure of investment products’ green credentials are to be delayed until 2023, it has emerged.

The European Commission has postponed the implementation of disclosure requirements …

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Corporate Governance

FRC targets governance code improvements


December 3, 2021

The UK’s accounting watchdog has reported general improvements in reporting against the UK Corporate Governance Code, but has called for improvements in several areas.

The Financial Reporting Council (FRC) said in its …

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EU Banks Remain Unprepared for Climate Risks


November 11, 2021

On Monday, in a first-of-its-kind exercise, the European Central Bank (ECB) released a report in which it evaluated the progress of climate-related and environmental risk management amongst the banks it …

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remuneration

UK companies warned over remuneration practices


November 26, 2021

UK companies have been put on notice over aligning executive remuneration with stakeholder experience as the Investment Association (IA) updates its guidelines. This comes as the High Pay Centre questions

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ESMA pulls back from ESG legislation for rating agency methodology

EU looks to address ESG data gaps


November 26, 2021

The European Union is preparing a “single access point” for financial and sustainability data, according to leaked documents.

It has been reported that the EU wants to give investors “seamless …

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IOSCO

IOSCO calls for oversight of data providers


November 26, 2021

Providers of environmental, social and governance (ESG) ratings and data should be subject to greater oversight and regulation, according to watchdogs.

The International Organization of Securities Commissions (IOSCO) earlier this …

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Norwegian SWF gets active in activism

November 11, 2021

The world’s largest sovereign wealth fund has joined the Taskforce on Nature-related Financial Disclosures (TNFD), an industry-led initiative that aims to provide a framework for organisations to report and …

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