Santos

Santos under fire from Market Forces


August 18, 2022

Market Forces say the time has come for investors to publicly withdraw capital from Santos over its “climate failure”

Santos, Australia’s second-biggest oil and gas producer, has come under fire from …

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ASIC

ASIC issues greenwashing guidelines


June 16, 2022

ASIC introduces guidelines to prevent greenwashing

The Australian Securities and Investments Commission (ASIC) has introduced a set of guidelines to prevent large funds from greenwashing.

In order to prevent greenwashing, ASIC’s guidelines ask …

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Australia, Australian, Sydney CBD

Australia proxy season keeps ESG at the forefront


January 7, 2022

Environmental, social and governance (ESG) issues are increasingly at the forefront of debate in the Australian market and 2021’s AGM season proved no exception. With Australian shareholders continuing to …

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Australia, Parliament, JobKeeper

Australia pushes ahead with proxy reforms


January 7, 2022

The Australian government has introduced a new regulation to reform proxy voting advice services.

The reforms extend the country’s financial services licensing regime to cover a broader range of proxy adviser …

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emissions

Australian regulator shies away from mandatory climate disclosures


December 3, 2021

The Australian Prudential Regulation Authority (APRA) has opted not to include mandatory climate risk disclosures in new guidance for the country’s financial services sector.

The APRA has published a …

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Investor Forum embraces ‘stakeholder capitalism’

Aussie shareholders getting serious on remuneration


October 15, 2021

In a second blog post in our series on Australia’s upcoming AGM season, Minerva provides an overview of the remuneration strike system and identifies key remuneration votes to look out for …

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ASIC

Australian regulator targets net zero greenwashing

Follows IPO examination of one company’s statements


September 17, 2021

The Australian Securities & Investments Commission (ASIC) has warned it will take action against companies it believes are making misleading claims regarding their net …

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Josh Frydenberg

Australian investors hit out at planned proxy rules


14 May, 2021

A proposed Australian government clampdown on proxy advice provision risks limiting the ability of investors to raise issues with corporate boards, investor groups have warned.

The rule changes, put …

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Australia Peak AGM Season Shareholders

Australia has toughened up banking regulation after its upper house, the Senate, passed a law which gives its financial regulator, the Australian Prudential Regulatory Authority new powers, including the ability to cap bankers’ pay.

Under the Treasury Laws Amendment (Banking

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Australia Peak AGM Season Shareholders

Australia’s 2017 AGM season was significantly “less tumultuous” than the 2016 season, with fewer ‘strikes’ (a 25% vote against) on remuneration reports the Australian Securities & Investment Commission (ASIC) has reported.

Most Australian companies hold their AGMs in …

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