Sustainability Archives

Climate change risk disclosure: shareholders take Australian Bank to court

Two private investors are taking legal action against Commonwealth Bank of Australia (CBA) for failing to adequately disclose climate change risk in the bank’s 2016 annual report. The shareholders are being represented by Environmental Justice Australia which has filed a …

Deforestation: shareholders get response to resolutions

Investors are increasingly pushing some of the world’s biggest companies to commit to reducing their impact on the global forests, according to an analysis of shareholder resolutions put forward at US AGMs. The report was published by the Global Canopy …

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New Zealand and Australia see RI growth surge

The level of responsible investing has risen in New Zealand and Australia according to recent reports from the Responsible Investment Association Australasia (RIAA).

The steep rise of over 2500% in responsible investment within in the New Zealand market, which jumped …

UK staff: Companies can achieve ESG standards without hitting profits

Nearly half (47%) of UK staff can achieve higher environmental, social and governance (ESG) standards without sacrificing profitability, according to research carried out by Opinium on behalf of the Better Society Awards and Citigate Dewe Rogerson.

The online …

Responsible investors press for M&S to pay living wage to staff

A group of institutional investors with over £100 billion assets under management, coordinated by responsible investment pressure group, ShareAction, has requested that Marks & Spencer accredits as a Living Wage employer because they believe there will be significant benefits for

EU’s Sustainable Finance Group produces early recommendations

The EU’s High-Level Expert Group on Sustainable Finance, established by the European Commission, has published its interim report and made early recommendations to move Europe towards a low carbon, more resource-efficient and sustainable economy.

The Commission said that …

RE100 initiative reaches 100th-member milestone

The Climate Group’s RE100 initiative has celebrated gaining its 100th member this week. The initiative supports and showcases global businesses transitioning to 100% renewable electricity across their global operations and its membership now covers a total revenue of US$2.5 trillion.…

Unions: Bangladesh safety accord needs extension after factory blast

Global trade unions have called on the Accord in Fire and Building Safety in Bangladesh to be extended to include boiler safety after the recent explosion (3rd July) at the Multifabs garment factory in the capital Dhaka that killed at …

Institutional investors call for better global workforce disclosure

A coalition of 79 institutional investors from 10 countries, with nearly $8 trillion assets under management, coordinated by the responsible investment group, ShareAction, have backed a demand that companies disclose more information on how they manage their global workforces.

The

FSB Task Force reports on climate-related financial disclosures

The Financial Stability Board (FSB) welcomed the publication this week of the final report by the industry-led Task Force on Climate-related Financial Disclosures (TCFD) which included recommendations for effective disclosure of climate-related financial risks. Over 100 company bosses with a …