US firms under investigation for child labour allegations
October 4th, 2023
Two of the largest US poultry processing firms, Tyson Foods and Perdue Farms, are under investigation by the Department of Labor over allegations they hired migrant children to clean …
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Investor group calls for banks to do more on human rights
September 26th, 2023
Investors representing $861bn in assets under management have backed Dutch campaign group BankTrack’s 2022 Global Human Rights Benchmark and called on commercial banks to do …
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SBTi announces upgrade to target validation services
September 20th, 2023
The Science Based Targets initiative (SBTi) has revealed it will reform its validation services division in a slew of changes to its operation.
The organisation will separate its target …
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UKSIF urges government to stick to net-zero ambitions
September 1st, 2023
The UK Sustainable Investment and Finance Association (UKSIF) has warned the government that climate wavering risks its position as a world leader in sustainable finance.
UKSIF, which represents banks, …
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ICE calls for avoided emissions to be adopted into investment analysis
August 25th, 2023
Intercontinental Exchange (ICE) is pressing for avoided emissions to be included in mainstream investment analysis after developing a new framework with Ecofin Advisors to address …
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CalSTRS votes against 2,035 boards for inadequate climate risk disclosures
August 18th, 2023
The California State Teachers’ Retirement System (CalSTRS) escalated its efforts to hold global companies to account after they did not provide sufficient climate risk disclosures to …
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Republican-led FSC proposes ESG crackdown legislation
1st August, 2023
The Republican-led US congressional Financial Services Committee (FSC) has proposed a series of bills that are designed to limit the impact of ESG initiatives.
The committee, chaired by Republican Patrick …
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June 22, 2023
The European Financial Reporting Advisory Group (EFRAG) is seeking candidates for three advisory bodies to help develop sustainability reporting standards for the financial sector.
The bodies are being established to …
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Financial Services and Markets Bill adds nature into net-zero reg
June 14th, 2023
The UK’s House of Lords has added an amendment to the Financial Services and Markets Bill that adds nature to the upcoming regulatory principle on net-zero …
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DoL’s new ESG rule takes finger ‘off the scale’
June 8, 2023
The US Department of Labor’s new ESG rule does not tip the balance in favour of ESG investing, according to officials within the department.
The rule, ‘Prudence and …
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