Investors back EU plan for human rights due diligence rules

EU adds financial services to due diligence proposal  


Proposed legislation will hold financial services firms based in or operating in the EU accountable for human rights and environmental violations in their value chain.  

The latest draft of the European Commission’s …

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website commission Charities

The UK’s charities regulator has scrapped words such as “ethical” and “responsible” from its investment guidelines in a major overhaul designed to modernise its advice for non-profits. 

The Charity Commission has proposed “retiring” certain phrases that charities have said are …

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Amazon logo

Amazon sets record for shareholder proposals 

April 18, 2023


Amazon shareholder proposals have hit a record number for the second consecutive year as ESG investors demand greater transparency.  

The e-commerce giant’s proxy statement revealed shareholders have submitted 18 proposals for …

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GPIF scales up stewardship expectations

Investor groups to pressure Japan banks on climate change

April 14, 2023


Japan’s three largest banks are facing pressure from shareholder groups over climate change policies that the groups claim “lack credibility”.

A trio of organisations representing investors and environmental …

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UNEP logo, convenor of UNEPFI, a cofounder of the TNFD

Pilot test shows TNFD requires further guidance 

April 13, 2023


Taskforce on Nature-related Financial Disclosures (TNFD) requires further guidance, according to results from pilot testing of the beta framework. 

The UNEP FI-led pilot found that the current version of the …

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group of idols, representing investors, surrounded by cupped hands

New US coalition demands right to invest responsibly 

April 13, 2023


A coalition of more than 300 investors and companies has urged US policymakers to protect their freedom to invest responsibly. 

The ‘Freedom to Invest’ coalition produced a statement arguing …

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Blocks spelling out SDR against a green background

FCA delays introduction of SDR 

April 12, 2023


The Financial Conduct Authority (FCA) has postponed the introduction of rules aimed at eradicating greenwashing across the UK’s asset management sector.  

The UK regulator has delayed the implementation date for sustainability disclosure …

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IASB

March 28, 2023


The International Accounting Standards Board (IASB) has begun evaluating how companies can improve their climate-related risk reporting.

The new project, launched under the purview of the International Financial Reporting Standards Foundation (IFRS), …

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Image of power plant emissions being erased, with the word 'greenwashing' superimposed.

March 24, 2023


The European Commission has proposed new rules on companies’ environmental claims – but some campaigners say they don’t go far enough.

Companies will be required to obtain independent verification of any environmental claims linked to their products, …

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US President Joe Biden

Biden vetoes bill to overturn DOL ESG rule 

March 23, 2023


US President Joe Biden has vetoed a bill that would prevent pension fund managers from considering climate change and ESG factors in their investment decisions.  

On March 20, Biden …

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