BHP faces shareholder anger over fossil fuel

Woodside shareholders back merger with BHP


20 May, 2022

Shareholders were less supportive however of the company’s climate plan.

Woodside Petroleum’s shareholders voted 98.66% in favour of a merger with BHP’s petroleum arm at the company’s AGM.

The merger would …

Read More
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

Read More
Icahn

Activist investor pressures Mcdonald’s on supply chain abuses


13 May, 2022

Recent claims on pork production “pull wool over eyes” of investors, Icahn

Activist investor Carl Icahn has written to fellow McDonald’s shareholders taking issue with the company’s continued failure …

Read More
SEC urged to unleash sweeping changes to proxy system

SEC extends comment period on climate risk consultation


13 May, 2022

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

The Securities and Exchange Commission (SEC) has extended the comment period for …

Read More
SBTi

SBTi warns Asset managers over passive fund emissions


May 13, 2022

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

The UN-backed Science Based Targets initiative (SBTi) has warned asset managers should prepare …

Read More
Vale

SEC charges Brazilian mining company over safety claims

May 6, 2022


The charges follow the deadly Brumadinho dam collapse in January 2019. 

The Securities and Exchange Commission (SEC) has charged Brazilian mining company Vale S.A. with making “false and misleading” …

Read More
StanChart boss pay slashed 29%

Standard Chartered fined record £46.55m by PRA


April 29, 2022

UK regulatory body the Prudential Regulation Authority (PRA) has issued Standard Chartered Bank with a £46.55 million …

Read More
GSK

GSK’s UK workers vote for industrial action over ‘derisory’ pay offer


April 29, 2022

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

The UK workers of pharmaceutical giant …

Read More
Carbon emissions, net-zero

SBTi launches ‘Foundations’ paper to help FIs meet net-zero targets


April 22, 2022

The paper will provide financial institutions with net-zero solutions aligned with 1.5°C.

The Science Based Targets initiative (SBTi) is publishing a new ‘Foundations’ paper that provides financial …

Read More
FCA

FCA finalises rules on board diversity for listed companies


April 22, 2022

Firms to disclose evidence of meeting diversity targets or explain the failure to comply.

UK regulator the Financial Conduct Authority (FCA) has finalised rules that will mandate regulated, …

Read More