DOL 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 […]
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AGL 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.
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The 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.
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French cement maker Lafarge has pleaded guilty to giving millions of dollars of financial backing to ISIS and other terrorist groups.
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Australia’s new-found commitment to ESG investment is gathering momentum, with both the Principles for Responsible Investment (PRI) and Climate Action 100+ updating their guidance for the nation.
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Governments around the world are being urged to mandate climate transition commitments by a coalition of asset managers representing $39trn in capital.
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BHP Group is facing shareholder resolutions demanding greater consistency around its engagement with climate change.
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US asset manager Federated Hermes has come under criticism for its apparent association with the State Financial Officers Foundation (SFOF), a vocal anti-ESG group.
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Nasdaq CEO Adena Friedman has revealed its ESG unit is the fastest growing part of the business, despite the stock exchange’s lobbying efforts against pro-ESG laws from the SEC.
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Trustees are increasingly being tasked with reviewing benefits calculations for members, as double-digit CPI erodes the value of savings.
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