Shareholder-focused capitalism beginning to fray

UN says banks responsible for human rights


October 8, 2021

Banks holding shares on behalf of clients are still responsible for human rights due diligence at the companies whose shares they hold, according to the UN.

The UN’s Office …

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IOSCO issues recommendations on ESG ratings


October 8, 2021

The International Organisation of Securities Commissions (IOSCO) plans to establish a framework for members to understand and mitigate potential risks in working with ESG ratings and data providers.

The experience of …

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Asia, Bangkok, Smog

Asian asset owners seek to lead continent’s decarbonisation push


October 1, 2021

A group of leading Asian institutions with $4trn under management have launched a new collaboration aiming to lead the continent’s push for decarbonisation in line with the 2015 …

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GPIF scales up stewardship expectations

Japan investors flex muscles in 2021 proxy season


October 1, 2021

Investors in Japanese listed companies pushed boards on director independence, diversity, and climate change in this year’s proxy voting season, according to a new review.

In a newsletter distributed …

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Human Rights, United Nations

‘Short-termism’ hampers human rights efforts

Reports findings based on analysis of UNGPs integration by investors


September 24, 2021

Barriers to addressing human rights breaches in investment pipelines remain despite significant strides made over the past decade, a UN Working Group

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NZFSPA

Minerva founding member of net zero alliance


September 24, 2021

Minerva Analytics and our strategic partners at Solactive are proud to announce we are founding members of the Net Zero Financial Service Provider Alliance (NZFSPA).

This new Alliance marks the …

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CMA publishes guidance to tackle Greenwashing


September 24, 2021

The Competitions and Markets Authority (CMA) has published the ‘Green Claims Code’, containing guidance principles to assist businesses in complying with consumer protection law and avoid making misleading environmental claims. A …

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ASIC

Australian regulator targets net zero greenwashing

Follows IPO examination of one company’s statements


September 17, 2021

The Australian Securities & Investments Commission (ASIC) has warned it will take action against companies it believes are making misleading claims regarding their net …

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biodiversity

Standard setters turn to biodiversity financial disclosures

Plus: NYSE proposes new asset class for natural assets


September 17, 2021

The Climate Disclosure Standards Board (CDSB) has launched a consultation on guidance for biodiversity-related disclosures.

The board – a member of …

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ESMA pulls back from ESG legislation for rating agency methodology

EFRAG reveals direction of EU reporting standards

Draft sustainability reporting standards are expected in 2022


September 17, 2021

The European Financial Reporting Advisory Group (EFRAG) has outlined its proposals for EU-wide sustainability reporting standards.

The newly published Climate Standard Prototype …

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