Australian energy giant rocked by shareholder rebellion

Norwegian oil and gas giant Equinor is facing a significant showdown with investor activists as its bid to drill for oil in a well-known Australian beauty spot intensifies.

Under its proposals, Equinor wants to drill a 2.2km exploration well in …

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Shareholders pay the price for corruption

Stop Corruption

Minerva marks International Anti-Corruption Day
with new research and voting guidelines

News of Glencore’s 7% share price slump after the UK’s Serious Fraud Office confirmed investigations into “suspected bribery” across the Group’s operations was a …

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IFRS: Climate-related disclosures

Guest post by Paul Lee

November’s newsletter from the global accounting regulator, the International Accounting Standards Board (IASB) is big news, and is a big step towards accounting that is consistent with the Paris Agreement.

The paper …

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BlackRock step up on climate change

A group of investors are urging industry giants BlackRock and JPMorgan to review their proxy voting records amid concerns they don’t match the firms’ public declarations about climate change.

Mercy Investment Services and Boston Trust Walden have written to BlackRock …

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Data, Sustainability risks internal audit

Lack of data hindering investor ESG take up

Investors have cited a lack of reliable data as their top obstacle to ESG adoption, a major survey reveals.

The survey, which comprised responses from 300 institutional investors globally, including private …

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CII backs Nasdaq’s proposal to improve diversity on boards

US pensions demand change on energy boards

One of America’s biggest pension fund groups has submitted shareholder proposals to three leading utility companies urging them to appoint an independent director as chairman.

New York City Retirement Systems, which comprises …

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stewardship code, ESG, Sustainability

Stewardship moves beyond box ticking

The Financial Reporting Council (FRC) has published a new UK Stewardship Code which is due to come into effect on 1 January 2020.

The revised Code has set a higher standard for how money is …

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FCA

The UK’s financial regulator has published its long-awaited proposals to tackle inadequate climate change disclosures by firms.

The Financial Conduct Authority’s (FCA) proposals follow feedback from stakeholders to its October 2018 discussion paper on climate change and green finance.

Its …

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ESGvolution, Environment, Nature, Nature-related

Environmental groups take aim at US corporates

Eleven of the world’s leading environmental groups have written an impassioned open letter imploring America’s big corporates to step up their climate change efforts.

The letter, published in the New York Times, urged …

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London, UK

Investors need courage of their ESG convictions

Asset owners must have the courage of their convictions to push forward with ESG policies – particularly when relevant data is hard to come by.

That was one of the overarching messages from …

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