France Reduction of Co2 Emissions and ESG

ERAFP updates ESG and climate voting guidelines

March 14th, 2024


France’s public pension fund Établissement de Retraite additionnelle de la Fonction publique (ERAFP) has updated its voting policy guidelines covering the evaluation of ESG and climate data.

The guidelines now …

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EU Reporting

EU law on ESG due diligence fails to reach final approval despite new environmental crimes penalties

March 7th, 2024


The EU Council has failed to approve its Corporate Sustainability Due Diligence Directive (CSDDD) following objections from member states on the …

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Sustainable Stewardship Greenwashing

SEC adopts final rules on climate disclosures with no Scope 3 requirement

March 7th, 2024


The Securities and Exchange Commission (SEC) has finalised its climate disclosure rules after more than a year wrestling over the requirements.

The final rules will …

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Power on blue sky

Oklahoma advances amendments to controversial anti-ESG law

March 5th, 2024


The Oklahoma legislature has advanced two bills to amend its anti-ESG law, which introduces regulations for state pension systems considering ESG factors in investment decisions.

Oklahoma’s Energy Discrimination Elimination Act …

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UK House of Lords, House of Commons, Palace of Westminster

Boycott bill passes through UK House of Lords

February 23rd, 2024


The UK House of Lords has passed a bill prohibiting public authorities from participating in boycotts, divestment and sanctions campaigns.

The Economic Activity of Public Bodies (Overseas Matters) bill …

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Manhattan New York chamber of commerce facade and columns US

Lawsuit filed against California’s disclosure rules

February 7th, 2024


The US Chamber of Commerce has filed a lawsuit against the state of California over its new corporate climate disclosure laws.

The new corporate disclosure laws, which were signed by California …

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climate reporting

Australia proposes new law on climate reporting

February 5th, 2024


The Australian government has proposed a new law to establish a climate risk disclosure framework, introducing new reporting requirements for companies.

The draft legislation amends the Australian Securities and Investment …

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European Commission

Friends of the Earth files lawsuit against ING

January 31st, 2024


The Netherlands arm of Friends of the Earth, Milieudefensie, has filed a climate lawsuit against financial services group ING, calling on it to halve its carbon emissions.

The lawsuit …

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US Republicans SBTi Antitrust Proxy Advisors

US Republicans file lawsuit over ERISA ESG rule

January 26th, 2024


A group of 26 US Republican attorneys general filed an appeal in their legal challenge to a rule over pension funds’ ability to consider ESG factors when selecting investments.…

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ExxonMobil

Exxon sues shareholders over ESG proposal

January 25th, 2024


Shareholder voting rights could be under threat in the US as oil company ExxonMobil filed to sue investors over an ESG vote at its AGM.

ExxonMobil filed a complaint against activist …

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