Stewardship Archives

ESMA releases opinion on sustainability framework

July 30th, 2024

The European Securities and Markets Authority (ESMA) has published an opinion on the EU’s Sustainable Finance Regulatory Framework, calling for long-term improvements.

The financial markets regulator said that while the framework …

Action on climate needed for global equity values

July 24th, 2024

Climate risk has a significant impact on global equity valuations and aggressive policies are needed to reduce losses, according to research from EDHEC-risk climate impact institution.

The study, “…

FRC releases major update to UK Stewardship Code

July 22nd, 2024

The Financial Reporting Council (FRC) has published significant revisions to the UK Stewardship Code application process.

The regulator has also announced that it has identified five priority areas of …

CalPERS reinforces commitment to shareholder engagement

July 19th, 2024

The California Public Employees’ Retirement System (CalPERS) has reasserted the importance of shareholder rights following ExxonMobil’s AGM.

Speaking at the Investment Diversity Exchange conference, CalPERS’ CEO Marcie Frost said its rift …

SBTN publishes updated guidance for nature targets

July 18th, 2024

The Science Based Targets Network (SBTN) has released amended guidance and a new corporate manual with updated advice for companies.

The updated technical guidance and enabling materials emphasised the importance …

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 …

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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Judge throws out New York lawsuit against pension funds

July 4th, 2024

A New York judge has dismissed a lawsuit against three pension funds in the New York City Retirement System for violating fiduciary duties.

The lawsuit claimed that the …

Consultation launches on Irish corporate governance code

July 4th, 2024

The consultation on the Irish corporate governance code has launched as Ireland works to align itself with international standards.

The code is designed to provide a framework setting out the …

PRI launches ‘Spring’ engagement process to tackle biodiversity loss

June 27th, 2024

The Principles for Responsible Investment (PRI) has launched the engagement process for Spring, an investor stewardship initiative focused on tackling the material financial risks of biodiversity loss.

The …