Major investors demand change at Barclays
A group of investors has filed a landmark shareholder resolution with banking giant Barclays over its financing of fossil fuel intensive companies.
Eleven major institutional investors, including Brunel Pension Partnership and LGPS Central, together …
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Since the global economic meltdown in 2007, the debate over shareholder primacy and who ‘owns’ a company has raged on.
But at no time has the debate been as contentious as today with more stakeholders and industry commentators challenging the view that a corporation should exist principally to maximise shareholder wealth – a notion that was re-popularised by …
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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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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 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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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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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 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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