DWP, pensions, stewardship

The end of stewardship box-ticking?


October 22, 2021

The Department for Work and Pensions (DWP) has published a consultation covering UK pension schemes’ climate change reporting and stewardship duties.

In it, the DWP lays out rules and guidance for schemes …

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EU Flags European Commission CSRD CSDDD

EBA publishes standards on voting disclosures


October 22, 2021

Firms to disclose influence over companies in which they hold voting rights

Investment firms will be expected to publish more data on their voting rights and influence over companies in which …

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legal action

US manufacturers sue SEC over proxy rule


October 22, 2021

A group of US manufacturers are taking legal action in an effort to force the Securities and Exchange Commission (SEC) to enact a Trump-era rule designed to restrict the influence …

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Shareholder-focused capitalism beginning to fray

UN says banks responsible for human rights


October 8, 2021

Banks holding shares on behalf of clients are still responsible for human rights due diligence at the companies whose shares they hold, according to the UN.

The UN’s Office …

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IOSCO issues recommendations on ESG ratings


October 8, 2021

The International Organisation of Securities Commissions (IOSCO) plans to establish a framework for members to understand and mitigate potential risks in working with ESG ratings and data providers.

The experience of …

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lawsuit

Lawsuit challenges SEC over shareholder voting rules


October 1, 2021

The Council of Institutional Investors (CII) has challenged the Securities and Exchange Commission’s (SEC) planned changes to shareholder proposal rules.

In an ‘amicus brief’ filed in the district court for …

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Asia, Bangkok, Smog

Asian asset owners seek to lead continent’s decarbonisation push


October 1, 2021

A group of leading Asian institutions with $4trn under management have launched a new collaboration aiming to lead the continent’s push for decarbonisation in line with the 2015 …

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GPIF scales up stewardship expectations

Japan investors flex muscles in 2021 proxy season


October 1, 2021

Investors in Japanese listed companies pushed boards on director independence, diversity, and climate change in this year’s proxy voting season, according to a new review.

In a newsletter distributed …

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Human Rights, United Nations

‘Short-termism’ hampers human rights efforts

Reports findings based on analysis of UNGPs integration by investors


September 24, 2021

Barriers to addressing human rights breaches in investment pipelines remain despite significant strides made over the past decade, a UN Working Group

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CMA publishes guidance to tackle Greenwashing


September 24, 2021

The Competitions and Markets Authority (CMA) has published the ‘Green Claims Code’, containing guidance principles to assist businesses in complying with consumer protection law and avoid making misleading environmental claims. A …

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