ESMA pulls back from ESG legislation for rating agency methodology

ESMA pulls back from ESG legislation for rating agency methodology

On July 18, the European Securities and Markets Authority published technical advice to the European Commission outlining its reluctance to compel these firms to include ESG factors in their analysis, …

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Solactive, the European Fintech Leader Makes Strategic Investment in Minerva.

Solactive makes strategic investment in European governance, sustainability and proxy voting firm, Minerva Analytics.

Solactive announces the completion of a strategic investment in Minerva to accelerate growth of the electronic voting, stewardship and ESG research services firm.

Following the …

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lobbying

The US investment giant, BlackRock, has stated that is responding to the recent school shooting in the US by engaging with firearms manufacturers and retailers to understand what they are doing to reduce the risk of this kind of …

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Rio Tinto

Institutional investors in Rio Tinto, have filed a resolution calling on the mining group to cease membership of the Minerals Council of Australasia (MCA)  which they believe is primarily a lobby group for the coal industry. Rio …

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The EU’s High-Level Expert Group (HLEG) on Sustainable Finance, set up by the European Commission in December 2016, has produced its final recommendations. The Commission has pledged that these proposals will form part of its sustainable finance action plan …

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State green business

The 2018 State of Green Business Report – produced by GreenBiz and Trucost – stated that the corporate carbon emissions of the largest 1,200 global companies and the largest 500 US companies fell in 2016 reaching the lowest level in …

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BHP climate change
Global mining and oil company BHP said it intends to pull out of the World Coal Association (WCA) over its position on climate change. This follows the publication of a review of industry associations that have an active position on
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pensions trustees ESG

Responsible investment pressure group ShareAction has welcomed the UK government’s interim response to recommendations made by the Law Commission earlier this year which concluded that there were no legal or regulatory barriers to pension funds, whether defined contribution or defined …

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climate-related financial disclosures

The Task Force on Climate-Related Financial Disclosures (TCFD) has revealed it has public support from 237 companies with a combined market capitalisation of over $6.3 trillion, which includes 150 financial firms responsible for assets of over $81.7 trillion. The TCFD

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TPR ESG

UK pension fund trustees who want to fulfil their fiduciary duty should be able to implement their environmental, social and governance (ESG) policies and challenge their investment advisers on these issues according to The Pensions Regulator (TPR).

The regulator issued …

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