collaboration

TISFD urged to align disclosures with ISSB’s human capital project 

September 19, 2024


Financial institutions have called on the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) to collaborate with International Sustainability Standards Board’s (ISSB) human capital standard-setting project, rather …

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legal action

September 18th, 2024


ExxonMobil has defended its legal action against shareholders, pledging to continue doing so to ensure that shareholder resolution processes are used responsibly and without causing harm.

Speaking …

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Climate plans

Investors urge 76 UK companies to hold climate strategy vote

September 11, 2024


A group of investors with $1.6 trillion assets under management have called on 76 FTSE 100 companies to present their climate transition plans for investor approval.

The …

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LPFA

LPFA appoints Minerva as vote monitoring service partner

September 9th, 2024


The London Pensions Fund Authority (LPFA), a £8 billion Local Government Pension Scheme (LGPS) fund with around 100,000 members, has appointed Minerva Analytics to provide additional insight …

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fiduciary duties

Republican attorneys claim asset managers are breaching fiduciary duties

September 6th, 2024


A group of 24 Republican attorneys has raised concerns about whether American asset managers are violating their fiduciary duties by outsourcing voting on environmental proposals to proxy advisors.…

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Coca-Cola

Court revives greenwashing lawsuit against Coca-Cola

September 6, 2024


The DC Court of Appeals has revived a lawsuit against Coca-Cola, alleging that the company’s marketing campaigns involved greenwashing, after the case was initially dismissed.

The international environmental organisation Earth Island …

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Salesforce

Salesforce to pay $1.35m to settle 401(k) plan misconduct lawsuit  

August 30, 2024


Salesforce has agreed to pay $1.35 million to more than 50,000 employees to settle two lawsuits that alleged the company of mismanaging its 401(k) plan, Pensions and

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fast fashion

ASN Impact Investors divests from fast fashion companies 

August 29, 2024


Dutch investor ASN Impact Investor has sold approximately €70 million worth of shares in fast fashion companies, after adopting a stricter sustainability policy.

It sold stakes in 12 companies …

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climate reporting

Australia steps closer to mandatory climate reporting

August 29th, 2024


The Australian senate has passed a bill to introduce mandatory climate reporting for large and medium-sized companies as part of the government’s sustainable finance strategy.

Senators voted 34-25 to support …

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Greenwashing

Mercer faces $11.3m penalty over greenwashing

Augusr 7th, 2024


The Australian Securities and Investments Commission’s (ASIC) case against Mercer Superannuation (Australia) has led to the Australian Federal Court fining the firm $11.3 million.

In the landmark case, ASIC’s first …

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