Banks have poured $307bn into high-risk forestry and agriculture companies linked to tropical deforestation since the Paris Agreement was signed, a report by the Forests & Finance Coalition has found.
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The Transition Pathway Initiative Global Climate Transition Centre (TPI Centre) has called on banks to broaden their emission target coverage to include all material financing activities.
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A shareholder advocacy group has filed a resolution with the Royal Bank of Canada (RBC) regarding the bank’s use of sustainability-linked debt.
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European banks are continuing to finance the expansion of oil & gas production despite making net-zero commitments.
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Banks holding shares on behalf of clients are still responsible for human rights due diligence at the companies whose shares they hold, according to the UN.
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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 Executive Accountability and Related Measures) Bill 2018 individual bank executives can be held to account for non-compliance […]
Read MoreAchieving good corporate governance and behaviour must go beyond codes and towards developing the right culture across organisations and the leaders of companies must be integrated into that culture, according to Sir Wim Bischoff chairman of the Financial Reporting Council (FRC) speaking recently at the Financial Times Banking Standards Conference (8th March). Bischoff said, “Codes put forward […]
Read MoreThe relationship between the chairman and the chief executive of a company is absolutely fundamental according to Sir David Walker, former chairman of Barclays, speaking on Radio 4’s, The Bottom Line. In a discussion about managing the boardroom, Michael Jackson, venture capitalist and former chair of Sage Group, said the main role of the chair […]
Read MoreThe chairman and chief executive of Brazilian investment bank, BTG Pactual, Andre Santos Esteves, has been forced to resign following his arrest amid accusations of bribery. According to press reports, Esteves was accused of allegedly conspiring with Delcidio Amaral, head of the government coalition in the Senate, who was also arrested, to hide evidence. Prosecutors have also alleged that […]
Read MoreWhilst the future shape of shareholder engagement responsibility is debated in London, Brussels and across continental Europe, the debate in Dublin is a fierce as anywhere. In what is traditionally a very close-knit investment and business community, the Irish Stock Exchange (ISE) and the Deputy Prime Minister participated in a full and frank exchange of views […]
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