Stewardship moves beyond box ticking
The Financial Reporting Council (FRC) has published a new UK Stewardship Code which is due to come into effect on 1 January 2020.
The revised Code has set a higher standard for how money is …
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Environmental groups take aim at US corporates
Eleven of the world’s leading environmental groups have written an impassioned open letter imploring America’s big corporates to step up their climate change efforts.
The letter, published in the New York Times, urged …
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Environmental factors top list of investor priorities
Environmental and corporate governance issues topped the list of biggest priorities for the UK’s largest investors – but stewardship engagement remains an area of concern, a report reveals.
EY’s inaugural report into investor …
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Canada issues climate disclosure guidance
The Canadian Securities Administrators (CSA) has become the latest securities regulator to step forward with guidance for quoted companies on climate change risk disclosures.
CSA Staff Notice 51-358 Reporting of Climate Change-related Risks is intended …
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Fed claims climate risks are outside of current scope
The warnings have been coming thick and fast. From the world’s central banks, to leading academics and regulators – many believe the global financial system faces a serious and potentially catastrophic …
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Prosecutors allege Exxon pressured witnesses in climate case
US prosecutors have accused Exxon Mobil of harassing investors and intermediaries in the lead up to a forthcoming court battle over whether the energy giant deliberately misled people on the cost of …
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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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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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Climate change targets and a commitment to support the United Nations-led Paris Agreement have been agreed by US companies and investors at a press conference at the UN’s COP 22 Climate Change meeting in Marrakesh, Morocco. Signatories want to send …
Read MoreThis year’s World Economic Forum (WEF) annual meeting in Davos gave political and business leaders an opportunity to take stock of the United Nations (UN) 2030 Sustainable Development Goals and the Paris Climate Agreement (COP21) agreed last year.
Ban Ki-moon,