Salesforce

Salesforce to pay $1.35m to settle 401(k) plan misconduct lawsuit  

August 30, 2024


Salesforce has agreed to pay $1.35 million to more than 50,000 employees to settle two lawsuits that alleged the company of mismanaging its 401(k) plan, Pensions and

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fast fashion

ASN Impact Investors divests from fast fashion companies 

August 29, 2024


Dutch investor ASN Impact Investor has sold approximately €70 million worth of shares in fast fashion companies, after adopting a stricter sustainability policy.

It sold stakes in 12 companies …

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climate reporting

Australia steps closer to mandatory climate reporting

August 29th, 2024


The Australian senate has passed a bill to introduce mandatory climate reporting for large and medium-sized companies as part of the government’s sustainable finance strategy.

Senators voted 34-25 to support …

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climate risk

Major companies falling short on nature assessments

August 14th, 2024


The majority of companies are failing to evaluate and measure their impact and dependence on nature.

The World Benchmarking Alliance (WBA) Nature Benchmark, which assesses more than 800 companies, …

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listing rules, rules

FCA overhauls listing rules in final reforms

July 12th, 2024


The Financial Conduct Authority (FCA) has updated the UK’s listing regime to streamline the rules, hoping to boost growth and innovation.

The rules, which will apply from 29 July …

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greenwashing

CFA warns changes needed to EU regulatory framework

July 12th, 2024


The Chartered Financial Analyst (CFA) Institute has urged the European Union (EU) to address the challenge of unreliable ESG data and mitigate greenwashing risks in its ESG regulatory framework.…

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Sustainability reporting

EU officially publishes CSDDD

July 9th, 2024


The European Union (EU) has officially released the Corporate Sustainability Due Diligence Directive (CSDDD), which will soon be adopted into EU member states’ law.

Following a final vote by the European Parliament, the …

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human rights

Companies failing to ensure human rights

July 3rd, 2024


The majority of the world’s 2,000 most influential companies are failing to ensure human rights, decent work and ethical conduct.

The World Benchmarking Alliance (WBA) has published its Social Benchmark, …

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Lawsuit

Exxon lawsuit against shareholder activist voided

June 21st, 2024


A federal judge has tossed ExxonMobil’s lawsuit against activist ESG shareholder Arjuna Capital.

US District Court Judge Mark Pittman concluded that ExxonMobil’s claim is moot and dismissed the lawsuit without prejudice, …

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Pension funds split vote on Musk pay package 

May 19th, 2024


Tesla shareholders were split in their vote on Elon Musk’s $55.8 billion pay package, with many US and international pension funds voting against the measure.

While support from …

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