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

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

The committee tasked with reviewing the ethical framework of The Government Pension Fund of Norway, the world’s largest sovereign wealth fund, has proposed several changes to reflect “the evolution

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Governance takes centre stage in US/China face-off

Governance takes centre stage in US/China face-off

As relations between the two super-powers becomes increasingly strained, the Chinese financial regulator has confirmed the country’s commitment to improving corporate governance amid the fallout of the US-listed Luckin Coffee scandal.

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French regulator demands broader scope for non-financial reporting

French regulator demands broader scope for non-financial reporting

The French securities regulator, AMF, has asked the European Commission to make all companies, irrespective of size, disclose harmonised ESG data under the EU Non-Financial Reporting Directive.

The Autorité des marchés financiers …

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Companies to look at the makeup of their leadership teams in the wake of the Black Lives Matter protests

Investors declare “a change is gonna come”

Asset owners and fund management groups are pressuring their portfolio companies to look at the makeup of their leadership teams in the wake of the Black Lives Matter protests.

The under-representation of non-white …

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

Investors ask SEC to intervene on Covid disclosures

A group of investors have called on the Securities and Exchange Commission to force companies to disclose how the Covid-19 pandemic has affected their business operations.

Representatives from 98 asset owners, fund …

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FRC reports highlight benefits of Covid disclosures

FRC reports highlight benefits of Covid disclosures

Investors require “clear and timely” disclosures from companies during the Covid-19 pandemic to inform decision-making and drive capital allocation.

Two new reports from the Financial Reporting Council have attempted to break down what …

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Boardroom woes sees more departures from EasyJet

Boardroom woes sees more departures from EasyJet

Further turmoil has gripped budget airline EasyJet after two board members announced their departure amid the ongoing bitter row between the leadership team and founder Stelios Haji-Ioannou over a plane order.

EasyJet ordered …

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UK pensions sector gets closer to adopting stronger ESG rules

Regulators: Beware of climate risks in actuarial forecasts

Regulators are warning that risks from climate change pose a significant threat to the quality and accuracy of actuarial work.

This latest warning from the Joint Forum on Actuarial Regulation – which …

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emissions

Report: Fossil fuel bank lending could torpedo capital markets

Rules governing lending to fossil fuel-intensive companies need tightening to protect investors and the financial stability of capital markets, a report has warned.

In its report, Breaking the Climate Finance Doom

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Carney: Data interpretation key to zero carbon transition

Carney: Data interpretation key to zero carbon transition

Investors must learn how to interpret, and apply, the increasing volume of ESG data if they are to formulate successful strategies to tackle climate change, according to the former Bank of England …

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