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.
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Despite average support for environmental and social shareholder proposals declining in FTSE 350 copmany AGMs in 2022, Minerva predicts that there may be a return to strength in 2023.
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With 2022 another record year for shareholder proposals on racial justice audits, 2023 looks set to continue the trend.
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Kansas anti-ESG bill could reduce pension returns by $3.6bn March 15, 2023 Kansas’ proposed legislation to prevent ESG considerations by public contractors could lower state pension system returns by $3.6bn over the next decade. The Protection of Pensions and Businesses Against Ideological Interference Act would also cost the Kansas Public Employees Retirement System (KPERS) $1.14bn […]
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Membership of the UK’s new social taskforce has been revealed, with Minerva Analytics part of this founding group
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The Securities and Exchange Commission (SEC) could be doing more in its work to improve diversity within the US financial services industry, several of its former chairwomen have agreed.
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The UK’s Financial Conduct Authority (FCA) has launched a discussion paper on the role of sustainability-related governance frameworks in finance.
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British oil giant Shell’s board of directors are being personally sued over an alleged failure to manage climate risks facing the company.
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SEC open to easing controversial climate disclosure proposal February 15, 2023 Enhanced climate disclosure rules in the US could be subject to change after SEC chairman Gary Gensler admitted “adjustments” could be made. The ‘Enhancement and Standardization of Climate-Related Disclosures for Investors’ rules were proposed last year and have invited negative feedback. The proposals will […]
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ES issues gaining more support from female fund managers February 10, 2023 Female fund managers support environmental and social (ES) proposals more than governance proposals, according to the European Corporate Governance Institute (ECGI). ‘The Voting Behaviour of Women-Led Mutual Funds’ report revealed ES proposals are 17% more likely to receive support from women-led mutual funds. […]
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