EU Shareholder Rights Directi e

The European Parliament has backed the introduction of the Institutions for Occupational Retirement Provision Directive (IORPII). One of the requirements of the new directive is for European occupational pensions to consider environmental, social and governance (ESG) issues. Responsible investment group ShareAction has welcomed the EP’s support for the directive which was passed last week following an agreement in the summer […]

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Nevsun Resources, (TSX: NSU / NYSE MKT: NSU) will face charges of forced labour in the Canadian courts, even though the allegations of  slavery by its Bisha Mining Share Company subsidiary occurred in Eritrea. However, the three Eritrean men will have to pursue their cases individually rather than as a class action as they had planned. The Supreme Court of British Columbia […]

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Responsible investment advocates have welcomed the government’s Local Government Pension Scheme guidance which provides a less prescriptive framework for investing as part of the requirement for local authorities to prepare their own investment strategy statement. The guidance is to enable local authority pension schemes to meet the obligations of new regulations due to come into force next […]

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The United Nations-led PRI (Principles for Responsible Investment) has published a guide which it said is the most comprehensive description to date of what ESG (environmental, social and governance) -integrated analysis is, and which explains how it works in practice. The guide contains information and case studies on integration techniques that apply to investment strategies including […]

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 The UK’s Pension Regulator’s new code of practice for occupational trust-based defined-contribution (DC) pension schemes and the publication of six ‘how to’ guides to give comprehensive guidance to trustees has been warmly welcomed by a number of responsible investment groups. The UK Sustainable Investment and Finance Association (UKSIF) said that the investment governance guide is clear […]

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Countries – and therefore the companies within them – are missing huge opportunities when it comes to making the most of their populations’ economic potential, with only 65% on average of the world’s talent being optimised during all stages of the working life time, according to the World Economic Forum’s (WEF) Human Capital Report 2016. Leading […]

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A new Civil Society Organisation (CSO), the European Responsible Investment Network (ERIN), was launched last week at a conference in Berlin. The network is made up of 25 organisations from Belgium, Denmark, France, Germany, Italy, the Netherlands, Norway, Switzerland and the UK. Members range from Dutch sustainable investment associations and Italian ethical banking groups to NGOs that address […]

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Responsible investment advocacy group, ShareAction has called on US asset manager, Vanguard, to demonstrate its commitment to company engagement on climate issues by voting in favour of shareholder resolutions on climate risk at ExxonMobil and Chevron, in an open letter to its chief executive Bill McNabb. In the letter Catherine Howarth, chief executive of ShareAction, calls on the company to undertake […]

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The London Stock Exchange-owned FTSE Russell has launched the FTSE Divest-Invest index which will reduce investors exposure to fossil fuel companies while also increasing exposure within the index to companies engaged in the transition to a green economy. FTSE Russell said it was able to achieve this using data captured from its new green revenue data model, called […]

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The 10 largest global food companies have made commitments to improve social and environmental standards in their vast supply chains, according to anti-poverty charity, Oxfam. However, in an assessment of its three-year ‘behind the brands campaign’ Oxfam also said that much more power and much more of the value that the companies’ products generate needs to reach […]

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