Trustees of occupational pension schemes with more than £5bn will be required to publish a TCFD report The government has confirmed details of how UK pension schemes will be required to report on climate change issues affecting their portfolios. The Department of Work and Pensions (DWP) confirmed this week that from October 2021 occupational pension […]
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Allison Herren Lee takes the top regulatory job Joe Biden has already shown his commitment to acting on climate change, bringing the US back into the Paris accord and appointing Allison Herren Lee as acting chair of the Securities and Exchange Commission (SEC). Just hours into his presidency on January 20, Biden wrote to the […]
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An investment industry initiative set up to help escalate material issues with UK-listed companies has reported its strongest year to date for collective engagement activity. The Investor Forum said 2020 had proved to be a watershed year for the development of its investor stewardship agenda and that it had engaged with more companies than ever […]
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Investors file resolution calling on bank to publish strategy and targets Some of Europe’s biggest pension funds and asset managers have filed a shareholder vote urging HSBC to cut its lending linked to fossil fuels. Fifteen institutional investors with a combined $2.4trn in assets under management, along with 117 individual shareholders, have filed a climate […]
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Asset managers are avoiding ESG shareholder resolutions The biggest shareholders need to lead on proxy voting and public engagement, a leading NGO says. Some of the world’s largest asset managers are not using their proxy voting rights to support sustainable progress in their investee companies, despite publicly committing to responsible investment. Responsible investment NGO ShareAction […]
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Companies plan to align ESG priorities with incentive plans Investor pressure and recognition of benefits are driving the change Companies around the world are accelerating their focus on environmental, social and governance (ESG) priorities as climate change and diversity issues gain prominence, but more work is needed. Over the next three years, four in five […]
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FCA confirms plans for TCFD rules from January London-listed companies need to start their net-zero journey All companies with a premium listing on the London Stock Exchange (LSE) will be required to make climate-related disclosures from January, the Financial Conduct Authority (FCA) has stated. Nikhil Rathi, the UK watchdog’s new chief executive, said listed companies […]
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UK government urges private finance firms to make net zero pledge Finance is a central theme in the race to net zero The UK government is calling on privately owned financial institutions to commit to a net-zero carbon future. Speaking at the Green Horizon Summit in London last week, UK business secretary Alok Sharma said […]
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China and Russia join push on climate change action International momentum is building around the race to net zero The impact of climate change seems to be resonating with the leaders of Russia and China who have committed to significant targets. President Vladimir Putin has signed a decree ordering Russia to work towards the goals […]
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Senate working group targets corporate governance reform Four Democrat US senators have formed a working group with the aim of shifting corporate America away from shareholder capitalism. Elizabeth Warren (Massachusetts), Tom Carper (Delaware), Tammy Baldwin (Wisconsin) and Mark Warner (Virginia) want to develop legislative proposals and conduct oversight focused on reforming corporate governance. The group […]
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