BP petrol station rooftop

Former BP boss to lose £32m after “serious misconduct”

December 15th, 2023


Ex-BP CEO Bernard Looney will forfeit £32 million after he was found to have committed “serious misconduct” by the board.

BP’s board concluded that Looney provided inaccurate and …

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TCFD Climate Disclosures

IFRS takes over monitoring climate-related disclosures from TCFD

December 8th, 2023


The International Financial Reporting Standards Foundation (IFRS) will oversee companies’ climate-related disclosures following the disbanding of the Task Force for Climate-related Financial Disclosures (TCFD).

The Financial Stability Board (FSB) …

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climate change, sustainability agreement

GRI and EFRAG partner for interoperability index 

December 6th, 2023


The Global Reporting Initiative (GRI) and the European Financial Reporting Advisory Group (EFRAG) have partnered to launch the GRI-ESRS Interoperability Index, which gives guidance on how to align both …

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failing

Asset managers are failing asset owners on stewardship 

December 1st, 2023


The UK Asset Owner Stewardship Review has found considerable misalignment and misunderstanding on stewardship issues between asset owners and asset managers.

The review is based on findings from the …

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Voting rights

ICEV warns dual-class shares will harm investor interests

December 1st, 2023


A report by the Investor Coalition for Equal Votes (ICEV) on unequal voting rights has urged companies with dual-class share structures to switch to single-class to equalise investor voting …

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Starbucks

Starbucks: Proxy Contest 2023

November 30th, 2023


Starbucks Corporation is set to become the latest company to face a proxy contest after a coalition of labour unions nominated directors for election to its board due to concerns over the firm’s …

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FCA confirms final SDR and labelling guide

November 29th, 2023


The Financial Conduct Authority (FCA) has revealed its final Sustainability Disclosure Requirements (SDR) and investment label regime, including a new ‘mixed goal’ label.

The final statement outlines the new labelling …

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US living wage, Dollar depreciation

Investors urge US companies to implement living wage

November 24th, 2023


A coalition of faith-based institutional investors has called on US companies in traditionally low-wage sectors, such as hospitality and retail, to start paying a living wage to workers …

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hazardous dangerous chemical

IIHC warns of chemical sector’s “new asbestos” 

November 23rd, 2023


The Investor Initiative on Hazardous Chemicals (IIHC) has warned chemical companies to quit production of PFAS chemicals, calling them the “new asbestos” for the sector.

The group, which represents over …

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Blocks spelling out SDR against a green background

FCA warns many firms not meeting SDR standards

November 17th, 2023


The UK Financial Conduct Authority (FCA) found many firms must improve their disclosures to meet the Sustainability Disclosure Requirements (SDR).

The FCA published its review on how Authorised Fund …

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