Marty Walsh Democrat Depart of Labor

The Biden Administration could accelerate ESG reforms if Department of Labor nominee, Marty Walsh is confirmed.

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Royal Assent locks in ESG duties for pension funds

Royal Assent locks in ESG duties for pension funds The act furthers the government’s green agenda by supporting progress towards net zero The Pension Schemes Bill has received Royal Assent, creating new laws covering areas including defined benefit scheme protections, pensions dashboards and climate change. Pension schemes will now be required to take account of […]

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Sustainability standards consolidation draws closer

Sustainability standards consolidation draws closer  IFRS Foundation seeks to launch sustainability standards board In response to growing demand for global standards as sustainability becomes ‘business as normal’ in financial reporting, the International Financial Reporting Standards (IFRS) Foundation is taking action in the run-up to the COP26 Summit. In September, the IFRS Foundation’s trustees intend to […]

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SEC creates new senior climate change role

SEC creates new senior climate change role Regulator likely to pursue policies to incorporate climate risk as part of corporate disclosures President Joe Biden’s pledge that his inauguration would mark a sea change for climate policy is already in action with the creation of a new top-ranking climate role in the Securities and Exchange Commission […]

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Asset managers are avoiding ESG shareholder resolutions

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

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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Edelman: ESG key to rebuilding investor trust post Covid-19

Edelman: ESG key to rebuilding investor trust post Covid-19 ESG criteria still championed by investors despite retrogressive attitude from policymakers Environmental, social and governance (ESG) will play a crucial role in rebuilding trust between companies and the investment community, the latest Edelman Trust Barometer has found. This comes after suggestions ESG was temporarily deprioritised by […]

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London-listed companies need to start their net-zero journey

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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DWP launches pension scheme voting task force

Government signals drive to boost ESG options for pension funds UK government pensions minister Guy Opperman has signalled plans to accelerate ESG action for pension funds ahead of the milestone COP26 conference in 2021. “The government will be making announcements on climate change considerations on the whole investment chain and you can expect more and […]

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China announces aim to be carbon neutral by 2060

China announces aim to be carbon neutral by 2060 China has pledged to achieve carbon neutrality by 2060 in an ambitious statement by a country that currently burns half the world’s coal. In perhaps the most significant positive climate development since the 2015 Paris Agreement, President Xi Jinping announced at the UN’s General Assembly that […]

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