The Financial Conduct Authority (FCA) has been urged to research the potential cost implications for investors of its proposed sustainability regulation reforms.
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BEIS aims to ‘restore’ investor trust in audit and corporate governance Audits could look at companies’ wider performance, including against key climate targets A government consultation is seeking views on a series of proposals to reform the UK’s audit, corporate reporting and corporate governance system, in an effort to “restore trust” and “empower investors”. In […]
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Investors back EU plan for human rights due diligence rules The Investor Alliance for Human Rights wants mandatory, rather than voluntary, reporting and due diligence rules for corporations The Investor Alliance for Human Rights has called for EU companies to be held legally liable for human rights due diligence failures. In a response to an […]
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AMX and DWS adopt Minerva’s split voting technology ‘VotePlus’ in upcoming launch New solution rapidly accelerates sustainable stewardship Minerva Analytics, Europe’s leading independent proxy voting agency, has embedded its VoteTech in a new, ground-breaking solution designed to help investors better meet their stewardship commitments. The Asset Management Exchange (AMX), part of the Willis Towers Watson […]
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SEC ignores investor objections to implement new proxy rules Despite claims from some of the world’s largest investors that moves to impose new proxy voting regulations would increase costs, the US financial regulator has pressed ahead with a series of new laws governing shareholder voting rights. On July 22, The Securities and Exchange Commission voted […]
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Investors could get more time to pore over a controversial new Department of Labor (DOL) rule that could have severe negative implications for US ESG investing, after two Democratic lawmakers have stepped in. As it stands, the public have just 30 days to comment on the recently-announced rule, which Senator Patty Murray and Representative Bobby […]
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FRC reports highlight benefits of Covid disclosures Investors require “clear and timely” disclosures from companies during the Covid-19 pandemic to inform decision-making and drive capital allocation. Two new reports from the Financial Reporting Council have attempted to break down what investors need from companies during the current period of uncertainty. The FRC has recommended that […]
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Report: Fossil fuel bank lending could torpedo capital markets Rules governing lending to fossil fuel-intensive companies need tightening to protect investors and the financial stability of capital markets, a report has warned. In its report, Breaking the Climate Finance Doom Loop, the Finance Watch lobbying group said action taken by regulators to date had been […]
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Carney: Data interpretation key to zero carbon transition Investors must learn how to interpret, and apply, the increasing volume of ESG data if they are to formulate successful strategies to tackle climate change, according to the former Bank of England governor Mark Carney. Addressing members of the Personal Investment Management and Financial Advice (PIMFA) trade […]
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One of the largest fund managers in Europe is pressing all companies in which it invests to employ the Taskforce for Climate-related Financial Disclosures (TCFD) framework to help boost their climate risk efforts. The move is being seen as a major win for shareholders amid their ongoing fight for more transparent and comprehensive company disclosures. […]
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