Investors to fund firms: “No ESG, no money”
A group of major pension funds has written a no-ifs-and-buts letter to asset managers and companies warning that firms who fail to consider the impact of ESG risks are no longer “attractive” …
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Whilst, in broad terms, ESG factor disclosures by companies in Emerging Markets is not yet at the level of Developed Markets, it continues to improve, and indeed what we now think of as ESG factor considerations have been present in …
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Accountants commit to improve corporate climate disclosure
A group of prominent accounting bodies, representing over 2.5 million accountants globally, have signed an “urgent” call to action pushing the profession to agree standards on climate change.
The 14 bodies and 13 …
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Business leaders agree ESG-aligned remuneration pledge
A new manifesto aiming to align executive pay to ESG-related criteria has been welcomed by company CEOs.
Gathering at the World Economic Forum’s (WEF) International Business Council meeting, held in Davos this week, the …
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One of the largest fund managers in Europe is pressing all companies in which it invests to employ the Taskforce for Climate-related Financial Disclosures (TCFD) framework to help boost their climate risk efforts.
The move is being seen as a …
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Large fund group votes stymying ESG resolutions
Some of the world’s largest fund groups voted against nearly 90 per cent of ESG-related shareholder resolutions in 2019, despite overall investor support for these proposals climbing in the past five years, a …
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UK pensions to pioneer mandatory climate change reporting
UK pensions are set to be the first in the world to be legally required to assess, and rectify, their exposure to climate change risk.
An amendment, including reporting requirements in …
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ESG ‘Greenwashing’ represents a real and growing threat in the sustainable investment arena, and as such asset owners should be on their guard against it, according to Julia Dreblow of SRI Services.
‘Greenwashing’ is where asset managers (or …
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Industrial companies largely ignoring climate risks
The world’s largest industrial companies have been warned they have been “too slow” in curbing their carbon emissions.
The warning comes as a major report reveals less than a fifth of these high-emitting corporations …
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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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