SEC creates new senior climate change role

SEC fallout grows as row rages over amendments

A prominent SEC Commissioner has admitted that the US regulator needs to rethink parts of its proxy voting rule amendments.

Speaking at the Council of Institutional Investors’ 2020 conference this week, Commissioner …

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Pensions Climate Change PLSA

Pensions urged to up climate change activity

The trade group representing some 1,300 UK pension schemes, with £1 trillion of assets, has called on the industry to step up efforts of climate change.

Addressing members at the annual Pensions & …

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TCFD Climate Disclosures

UK Listing Rules push for TCFD compliance

ESG data quality will get a much-needed boost after the UK’s securities regulator, the Financial Conduct Authority (FCA) published proposals for improved climate-related disclosures for UK listed companies. If adopted, all premium-listed commercial …

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EU Flags in front of the European Commission

Have regulators been deceived on green benchmarks?

New European regulations on green benchmarks have been thrown into the spotlight this week, amid allegations they favour the interests of a handful of ESG data providers rather than supporting “genuine sustainability”.

The …

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US Department of Justice

DoJ cautions SEC over proxy advice proposals

The US Department of Justice (DoJ) has expressed deep concerns over proxy advisor rule amendments proposed by the country’s financial regulator, warning the changes could quash competition in the advisory market and restrict …

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Investors up in arms over SEC climate proposals

Investors up in arms over SEC climate proposals

SEC chairman Jay Clayton has again come under fire for failing to go far enough on climate disclosures, as the regulator pushes to give company bosses yet more control over the information

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COVID-19 Capital and Pay Response

The UK’s foremost standards body, the BSI, has released what it labels a “pioneering” framework to help organisations embed the principles of sustainable finance into their business processes.

The framework, or so-called Publicly Available Specifications (PAS), is launched in collaboration …

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Workforce reporting needs improvement, FRC

Reporting on workforce-related issues needs to improve to meet investor needs and reflect modern-day practices, according to a new report from the Financial Reporting Council’s  Financial Reporting Lab.

Workforce-related matters such as working conditions, changing contractual arrangements and automation …

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EU Flags in front of the European Commission

Investors look ahead to ambitious EU agenda

Fund groups, investors and law firms are weighing up the readiness of EU member states to implement new rules relating to environmental, social and governance-based investments.

Top of the list is the introduction …

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FRC: Expectations and standards ‘still apply’

Can the FRC rescue its reputation?

It has become one of the most disparaged – and lampooned – regulatory institutions of this century.

The Financial Reporting Council’s (FRC) oversight of the audit profession has been dubbed everything from ramshackle to

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