The EU Sustainable Finance Platform: Where are the owners?

EU’s Sustainable Finance Platform lacks asset owners

The EU has published the list of members appointed to its Sustainable Finance Platform, which is remarkable in its lack of representation of asset owners.

The platform is an advisory body made up …

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FRC revamps UK Stewardship Code with new report obligation

FRC revamps UK Stewardship Code with new report obligation

Prospective signatories of the UK Stewardship Code face a new reporting requirement and will soon have to prepare annual stewardship reports, following an update by the Financial Reporting Council (FRC).

In …

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China announces aim to be carbon neutral by 2060

China announces aim to be carbon neutral by 2060

China has pledged to achieve carbon neutrality by 2060 in an ambitious statement by a country that currently burns half the world’s coal.

In perhaps the most significant positive climate development …

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UK govt extends AGM leeway to end of 2020

UK govt extends AGM leeway to end of 2020

The UK government has extended flexibility over AGM rules, meaning companies will be able to hold such meetings in Covid-safe fashion until the end of the year.

This temporary adjustment to …

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Slow progress on gender diversity in boardroom

Slow progress on gender diversity in boardroom

Female representation at boardroom level has been boosted by companies’ voluntary targets but there are still too few women in leadership positions.

The latest data from the government’s Hampton-Alexander Review, a body …

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SEC forms climate and ESG taskforce

SEC lambasted over shareholder rights change as companies fail to meet ESG targets 

The US Securities and Exchange Commission (SEC) has come under fire from investor groups after it voted to adopt amendments to its shareholder proposal rules.

In what …

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PLSA publishes Implementation Statement reporting templates

PLSA publishes vote reporting templates for UK pension schemes

The Pensions and Lifetime Savings Association (PLSA) has published vote reporting templates to help schemes enact their shareholder voting rights.

The PLSA has published two different sets of guidance – one …

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Lost Votes - concern mounts over corporate governance in Japan

Lost Votes – concern mounts over corporate governance in Japan

Corporate governance has come under the spotlight in Japan after one of its biggest providers of shareholder services said it may have miscounted investor votes at almost 1,000 companies ahead

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Investors challenge EU’s sustainability approach

Investors challenge EU’s sustainability approach

A range of investors and other financial market participants have poured cold water on the EU’s proposals to establish a standard classification system for sustainable investments.

The Securities and Markets Stakeholder Group (SMSG), which operates …

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Investors urge companies to account for climate-related risks

Investors urge companies to account for climate-related risks

The impact of climate change risks on company profits and assets is now so high that it should be included in their financial reports, according to a group of investors.

The investors, …

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