EU, European Parliament

EU to crackdown on greenwashing in green bonds 20 May, 2022 The proposals seek to bring in standards, as there is currently no uniform green bond standard in the EU. The EU Parliament’s Economic and Monetary Affairs Committee have proposed a series of measures to better regulate the green bond market. The Committee hopes the […]

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Icahn

Activist investor Carl Icahn has written to fellow McDonald’s shareholders taking issue with the company’s continued failure to combat animal cruelties along its supply chains. 

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SEC urged to unleash sweeping changes to proxy system

Deadline for comments on The Enhancement and Standardization of Climate-Related Disclosures for Investors, now 17 June 2022.

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SBTi

To have targets approved by the SBTi, asset owners must include passive funds in carbon estimates.

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Vale

The Securities and Exchange Commission (SEC) has charged Brazilian mining company Vale S.A. with making “false and misleading” claims about the safety of its dams prior to the collapse of the Brumadinho dam which killed 270 people. 

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StanChart boss pay slashed 29%

UK regulatory body the Prudential Regulation Authority (PRA) has issued Standard Chartered Bank with a £46.55 million fine for systems and oversight reporting that “fell significantly below” the standards expected.

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GSK

The pay offer dispute comes after GSK made significant profits in 2021 and gave its CEO a 17% pay rise.

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Carbon emissions, net-zero

The Science Based Targets initiative (SBTi) is publishing a new ‘Foundations’ paper that provides financial institutions with new concepts for defining and tackling net-zero targets.

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FCA

UK regulator the Financial Conduct Authority (FCA) has finalised rules that will mandate regulated, listed firms to publish diversity disclosures in their annual reports, starting from the financial accounts period beginning 1 April 2022.

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Following the Russian invasion of Ukraine, there have been reported sightings of Russian thermobaric rocket launchers.

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