Secretary for State Kwasi Kwarteng

The UK government has peddled back on its clampdown on foreign takeovers of British firms, raising the threshold at which such deals would face government scrutiny.

The National Security and Investment Bill had proposed that any foreign investment of more …

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Norwegian SWF gets active in activism

The government of Norway is accelerating its agenda on ethical investment with plans to cut thousands of companies from its sovereign wealth fund and proposals to force disclosures by Norwegian businesses on human rights.

New rules for Norway’s sovereign wealth

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Charities, Responsible, Sustainable, greenwashing

The Charity Commission has re-issued guidance to charity trustees to end confusion over expectations for ethical or responsible investment.

Charity trustees had raised concerns over the clarity of the commission’s existing rules. Some said their overriding legal duty was …

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Biden, US

President Joe Biden will order US financial firms to disclose the climate-change risks of their investments, adding to the wave of global regulation on climate and investment.

The plan was announced on 7 April by US climate envoy John Kerry. …

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Floating green icons representing sustainability data and science

Trustees face enforcement action if they fail to comply

The Pensions Regulator (TPR) has warned trustees to act to meet new climate change regulations and warned it could take enforcement action against funds that failed to comply with their obligations.…

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Shareholders, rights

The directive, launched in September 2020, has been troubled by inconsistencies

Better Finance, the European financial services NGO, has launched a survey of shareholders after the Shareholder Rights Directive II (SRD II) encountered teething issues shortly after launch.

The European …

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Global brands “intimidated by the Chinese government”, says action group

Diplomatic tensions over the Xinjiang Uyghur Autonomous Region of China has led to a group of investors renewing their commitment to engage with portfolio companies over suppliers that may be …

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Trump

Democrats to use majority status to revoke Trump-era rulings

ESG regulation is once again at the heart of legislative tensions in the US Senate as Republicans and Democrats lock horns over the recently ESG Enforcement Task Force. Democrat legislators …

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Net Zero, climate

Net Zero Asset Managers now represents 36% of all invested capital in the world

Forty-three new fund groups have signed up to the Net Zero Asset Managers initiative, which commits signatories to net zero greenhouse gas emissions by 2050.

Launched …

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Festival

A festival of consultations for the investment industry

UK government raises the bar on social issues, climate change and wrongdoing

The countdown to festivals finally reopening this summer after lockdown has begun, but investors and financial services professionals are in …

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