Dubai’s stock exchange eyes Middle East sustainability crown

The Dubai Financial Market has launched a blueprint to promote environmental, social and governance (ESG) issues among listed firms, pledging to become the region’s leading sustainable financial market by 2025.

The Sustainability

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ESMA pulls back from ESG legislation for rating agency methodology

On July 18, the European Securities and Markets Authority published technical advice to the European Commission outlining its reluctance to compel these firms to include ESG factors in their analysis, …

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Industrial companies largely ignoring climate risks

Corporate climate ignorance poses threat to pensions

Nearly half of major companies in the highest polluting sectors worldwide are failing to weigh up how climate change will affect their businesses. The findings come from the State of the Transition report

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London Climate Action

UK funds braced for tougher regulatory stance on climate

UK pension funds and listed companies are to be handed a new list of reporting requirements, following publication of the UK government’s Green Finance Strategy at the start of July.

The …

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ESG factors emerging markets

The European Commission’s Action Plan on Sustainable Finance, launched last week, was broadly welcomed by responsible investment groups and those representing the financial sector. The Commission’s intention is to develop a financial system that supports the EU’s climate and …

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climate risks

The chair of the UK’s House of Commons Environmental Audit Committee has written to the top 25 pension funds in the UK to ask how they manage climate risks and their potential impact on pension savings as part of its …

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Institutional investors in Rio Tinto, have filed a resolution calling on the mining group to cease membership of the Minerals Council of Australasia (MCA)  which they believe is primarily a lobby group for the coal industry. Rio …

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corporate governance codes

The UK government has commissioned research into what steps employers have taken to remove barriers to workplace progression for ethnic minorities. The results of this research will be used to assess progress made by employers on recommendations in the…

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climate risks
The Investor Agenda, which provides a framework for investors to take action to tackle climate change, has been launched. The plan was developed by seven organisations promoting carbon reduction and responsible investment:  Ceres, Asia Investor Group on Climate
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The EU’s High-Level Expert Group (HLEG) on Sustainable Finance, set up by the European Commission in December 2016, has produced its final recommendations. The Commission has pledged that these proposals will form part of its sustainable finance action plan …

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