SEC open to easing controversial climate disclosure proposal February 15, 2023 Enhanced climate disclosure rules in the US could be subject to change after SEC chairman Gary Gensler admitted “adjustments” could be made. The ‘Enhancement and Standardization of Climate-Related Disclosures for Investors’ rules were proposed last year and have invited negative feedback. The proposals will […]
Read MoreEuropean trade groups propose amendments to CS3D January 24, 2023 Several major European trade bodies have joined forces to urge the European Parliament and Council to amend the due diligence framework. Twenty-seven European trade organisations have proposed recommendations to enhance the benefits of the corporate sustainability due diligence proposal (CS3D). CS3D aims to promote sustainable […]
Read MoreUNGC finds CEOs off track for 2030 goals January 10, 2023 CEOs must accelerate their work in sustainability in order to achieve the Sustainable Development Goals (SDGs) by 2030, according to new research by the United Nations. The UN Global Compact-Accenture CEO Study (UNGC) revealed the world cannot deliver the SDGs by their deadline at […]
Read MoreISSB disclosure rule update expected in 2023 January 6, 2022 The International Sustainability Standards Board (ISSB) is to propose two new rules covering companies’ disclosures of climate-related risks and expands its focus to include corporate biodiversity reporting. The pairing will help set a baseline for disclosures by more broadly incorporating nature, the ISSB said. The […]
Read MoreKentucky threatens divestment from 11 companies in anti-ESG move January 5, 2023 Republican states continue to shun ESG investments as 11 major financial companies face potential divestment from Kentucky. Kentucky State Treasurer Allison Ball has threatened to divest in companies participating in the “boycott” of energy companies. Citigroup, JPMorgan Chase, and BlackRock are some of […]
Read MoreAustralia’s largest banks expect to reduce exposure to climate-risk affected industries, according to new research by the Australian Prudential Regulation authority (APRA).
Read MoreDOL final rule allows fiduciaries to consider ESG factors November 23, 2022 The US Department of Labor (DOL) has issued a final rule to replace controversial regulation regarding inclusion of ESG investments in pension plans. The Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights allows plan fiduciaries to consider climate change and […]
Read MoreAGL Energy’s Board was overhauled at its recent AGM due to concerns over its climate risk management and a shareholder campaign by tech billionaire Mike Cannon-Brookes. AGL is Australia’s largest greenhouse gas emitter, and the voting results will place pressure on other large emitters to accelerate their decarbonisation plans.
Read MoreThe UK’s Financial Conduct Authority (FCA) has seen progress in its case alleging market abuse against the former Globos Plc. CEO, Mr Konstantinos Papadimitrakopoulos, and former CFO, Mr Dimitris Gryparis.
Read MoreFrench cement maker Lafarge has pleaded guilty to giving millions of dollars of financial backing to ISIS and other terrorist groups.
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