Shareholders call on Congress to drop SEC ESG changes
30 April, 2021
A coalition of almost 200 US shareholder groups has launched a campaign to overthrow new SEC rules that they claim are an “an attack on corporate democracy”.
The …
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US Treasury Secretary Yellen vows to ‘rejoin’ climate fight
April 30, 2021
US Treasury Secretary Janet Yellen has said the US is ready to rejoin the fight against climate change “after sitting on the sidelines for four years”.
Yellen gave her backing to climate change initiatives such …
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EU demands companies up their game on sustainability reporting
30 April, 2021
The European Commission (EC) is making stringent new demands on companies’ reporting of their impact on the environment, as it looks to drive investors’ money towards the greenest …
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FINRA edges closer to taking on proxy fee oversight
April 23 2021
The move to shift the setting of proxy fees by the New York Stock Exchange (NYSE) to broker-dealer regulatory body Financial Industry Authority (FINRA) is continuing to develop …
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SEC commissioner argues for tailored approach to ESG
April 23 2021
The financial services sector needs to “rethink our prescriptive approach” to environmental and societal problems, according to a leading US regulator.
Hester Peirce, a commissioner at the Securities and …
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The UK government has peddled back on its clampdown on foreign takeovers of British firms, raising the threshold at which such deals would face government scrutiny.
The National Security and Investment Bill had proposed that any foreign investment of more …
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The government of Norway is accelerating its agenda on ethical investment with plans to cut thousands of companies from its sovereign wealth fund and proposals to force disclosures by Norwegian businesses on human rights.
New rules for Norway’s sovereign wealth
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The Charity Commission has re-issued guidance to charity trustees to end confusion over expectations for ethical or responsible investment.
Charity trustees had raised concerns over the clarity of the commission’s existing rules. Some said their overriding legal duty was …
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President Joe Biden will order US financial firms to disclose the climate-change risks of their investments, adding to the wave of global regulation on climate and investment.
The plan was announced on 7 April by US climate envoy John Kerry. …
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Trustees face enforcement action if they fail to comply
The Pensions Regulator (TPR) has warned trustees to act to meet new climate change regulations and warned it could take enforcement action against funds that failed to comply with their obligations.…
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