ESMA pulls back from ESG legislation for rating agency methodology

ESMA identifies ESG rating shortcomings  


June 30, 2022

The European securities markets watchdog has identified a lack of transparency around methodologies of ESG ratings and providers, as well as insufficient granularity of data. 

The European Securities and Markets Authority …

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Investment Association shareholder rebellion register

CCC: UK at risk of missing net zero


June 30, 2022

Report flags major failures in UK climate delivery programmes

The independent Climate Change Committee (CCC) has published a new Progress Report, which has flagged “major failures” in delivery …

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EU Reporting

EU requires audited sustainability disclosure of international companies


June 23, 2022

New directive to enforce more detailed and accessible sustainable reporting

Large European and non-European companies will be required to report on sustainability issues as the European Council and European …

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Convergence of ESG and non-ESG funds beckons

UK pensions to disclose climate alignment measures 


June 23, 2022

Hopes that the measures will pave the way forward for greener pensions

UK pensions will soon be made to disclose information about how their investments align with climate targets, …

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Institute of Directors Headquarters

Director code of conduct proposed by IoD


June 23, 2022

Measures to maintain high standards of professionalism and ethics

A code of conduct for UK directors has been proposed by the Institute of Directors (IoD), as part of a recent …

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CEOs backing new governance statement cause a stir

CEO pay hikes facing greater shareholder resistance


June 16, 2022

Investors of major US companies reject large executive packages

Large CEO pay hikes are coming under increased scrutiny with investors at major US companies rejecting generous executive pay packages in …

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Executive Pay the most talked about issues in Corporate Governance

Amazon shareholders vote against socially-focussed resolutions


May 27, 2022

On May 25th 2022, 15 investor-led resolutions, that took aim at company policies ranging from mistreatment of workers to nondisclosure agreements, failed to pass after the majority of Amazon shareholders voted …

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SEC forms climate and ESG taskforce

SEC fines BNY Mellon over false ESG statements


May 27, 2022

On May 23rd, 2022, The Securities and Exchange Commission (SEC) charged BNY Mellon Investment Advisor, Inc. for misstatements and omissions about ESG considerations in undertaking investment decisions for mutual …

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Vale

SEC charges Brazilian mining company over safety claims

May 6, 2022


The charges follow the deadly Brumadinho dam collapse in January 2019. 

The Securities and Exchange Commission (SEC) has charged Brazilian mining company Vale S.A. with making “false and misleading” …

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HSBC

May 6, 2022


The accusation comes after the regulator warns of a crackdown on misleading environmental ads. 

The UK’s Advertising Standards Authority (ASA) has accused HSBC of misleading customers in its adverts on the company’s green initiatives, according to a …

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