Sustainability

The Financial Stability Board’s recommendations on climate-related governance have moved a step closer to becoming statutory guidance after the Pensions Regulator, TPR, announced the formation of an industry working group to create best practice guidance for pension funds.

The Pensions

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stewardship code, ESG, Sustainability

Stewardship moves beyond box ticking

The Financial Reporting Council (FRC) has published a new UK Stewardship Code which is due to come into effect on 1 January 2020.

The revised Code has set a higher standard for how money is …

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Total Remuneration Survey 2019

The annual Manifest Total Remuneration Survey is now out.

The average pay of the UK’s top CEOs has fallen by more than 10% to £5.1m, though concerns remain this figure is still too high.

The latest Manifest Total Remuneration Survey

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Low adoption of deferred share plans

Study shows low adoption of deferred share plans

A quarter of the UK’s biggest companies are failing to adopt the right remuneration polices to reward executive performance, according to a new study by The Purposeful Company, a management think tank.

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code ethics

A new poll shows that nearly half of investment professionals are struggling to adhere to the industry’s principal Code of Ethics.

CFA UK’s 2019 annual ethics survey – which comprised the views of nearly 500 investors – showed that while …

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FCA

The UK’s financial regulator has published its long-awaited proposals to tackle inadequate climate change disclosures by firms.

The Financial Conduct Authority’s (FCA) proposals follow feedback from stakeholders to its October 2018 discussion paper on climate change and green finance.

Its …

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ESGvolution, Environment, Nature, Nature-related

Environmental groups take aim at US corporates

Eleven of the world’s leading environmental groups have written an impassioned open letter imploring America’s big corporates to step up their climate change efforts.

The letter, published in the New York Times, urged …

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Consumer groups slam attempt to delay SRD II

UK Shareholder dissent hits 10 year low

Shareholder dissent among investors in the top 350 UK companies stands at 2.95% on average for 2019, lower than 10 years ago, according to Minerva Analytics’ 2019 UK Voting Review.

The figure – …

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London, UK

Investors need courage of their ESG convictions

Asset owners must have the courage of their convictions to push forward with ESG policies – particularly when relevant data is hard to come by.

That was one of the overarching messages from …

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Michael Meehan appointed as the new chair of the UKSIF

UKSIF names Meehan as chair

Michael Meehan has been appointed as the new chair of the UK Sustainable Investment and Finance Association (UKSIF).

He replaces Lesley Alexander, former CEO of HSBC’s UK pension fund, who has served five years in …

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