SEC urged to unleash sweeping changes to proxy system

SEC extends comment period on climate risk consultation


13 May, 2022

Deadline for comments on The Enhancement and Standardization of Climate-Related Disclosures for Investors, now 17 June 2022.

The Securities and Exchange Commission (SEC) has extended the comment period for …

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SBTi

SBTi warns Asset managers over passive fund emissions


May 13, 2022

To have targets approved by the SBTi, asset owners must include passive funds in carbon estimates.

The UN-backed Science Based Targets initiative (SBTi) has warned asset managers should prepare …

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Vale

SEC charges Brazilian mining company over safety claims

May 6, 2022


The charges follow the deadly Brumadinho dam collapse in January 2019. 

The Securities and Exchange Commission (SEC) has charged Brazilian mining company Vale S.A. with making “false and misleading” …

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HSBC

May 6, 2022


The accusation comes after the regulator warns of a crackdown on misleading environmental ads. 

The UK’s Advertising Standards Authority (ASA) has accused HSBC of misleading customers in its adverts on the company’s green initiatives, according to a …

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Shareholder activism

Activist investors pressure oil majors for emissions reductions


April 29, 2022

2022 proxy voting season to get underway after 2021 saw some successes for activist investors.

A record number of climate-related shareholder votes are expected to be filed with major …

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Carbon emissions, net-zero

SBTi launches ‘Foundations’ paper to help FIs meet net-zero targets


April 22, 2022

The paper will provide financial institutions with net-zero solutions aligned with 1.5°C.

The Science Based Targets initiative (SBTi) is publishing a new ‘Foundations’ paper that provides financial …

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Canada Parliament

Canada sets out mandatory climate disclosure plans in 2022 Budget


April 15, 2022

Financial institutions will be required to publish climate disclosures aligned with the TCFD framework.

Canada is set to introduce mandatory climate disclosures for banks and insurance companies …

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Human Rights, United Nations

Expert Group to pursue net-zero pledges launched amid worsening climate crisis


April 08, 2022

UN Secretary-General António Guterres has launched an ‘Expert Group’ to ensure businesses, investors and other non-state entities keep up the pace and fulfil their net-zero emissions …

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ISSB seeks feedback on global sustainability disclosure plan


April 1, 2022

The International Sustainability Standards Board (ISSB) has launched a consultation on its first two proposed standards that will eventually form a “global baseline” of sustainability disclosures.

Both …

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ESMA pulls back from ESG legislation for rating agency methodology

Expert Group Proposes Revamp of EU Taxonomy 


April 1, 2022

The Platform on Sustainable Finance, an expert group of the European Commission, has proposed a significant expansion of the EU’s Taxonomy for sustainable finance.

In a new report, the …

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