SEC ignores investor objections to implement new proxy rules

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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Senators demand breathing space for US investors on ESG restriction

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

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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Top asset owners favour engagement for net-zero carbon goals

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

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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Environmental factors top list of investor priorities

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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sustainable world

Sustainability reporting is inconsistent, but do investors help or hinder themselves by avoiding regulatory engagement asks new research. #ESG #corpgov

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