COP15 biodiversity framework: what’s next? January 04, 2023 Nearly 200 governments have entered into a landmark biodiversity agreement, but critics have argued this already requires reform. One hundred and eighty-eight governments have signed the Kunming-Montreal Global Biodiversity Framework (GBF), which prioritises the prevention and restoration of nature loss. The landmark agreement was created to protect […]
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US sustainable assets fall as SEC pushes ESG regulation December 22, 2022 Sustainability-linked assets in the US have fallen from a high of $17.1tn in 2019 to $8.4tn at the beginning of 2022, a report from the US Forum for Sustainable and Responsible Investment (US SIF) has found. In total, 13% of the total US […]
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The UK government will not make any secondary legislation under the Taxonomy Regulations, with policymakers set to revoke their legal obligation to seal the climate segment of the upcoming rules by the end of the year.
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Legislative reforms to tackle the increased use of strategic litigation against public participation (SLAPP) cases against journalists and watchdogs have been proposed by the UK government.
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FCA starts development of ESG rating providers’ code of conduct November 24, 2022 A Financial Conduct Authority (FCA) taskforce has been formed to help regulate ESG data and ratings providers. The working group will be co-chaired by M&G, Moody’s, London Stock Exchange Group, and Slaughter and May, and will also feature stakeholders, investors, and the […]
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A major greenwashing study has been launched by three of Europe’s most powerful financial regulatory bodies.
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Lobbying giant calls for SEC disclosure on proxy rules error November 11, 2022 America’s biggest business lobbying group is calling for answers on how a computer glitch affected a public consultation on rules regulating how proxy firms advise investors on voting decisions at AGMs. The US Chamber of Commerce (USCC) has sent a Freedom of […]
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Wall Street’s top regulator has confirmed new rules relating to how investment funds report their proxy votes.
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New rules introduced to stop incorrect executive payouts October 28, 2022 New rules aimed at preventing executives from wrongly keeping payouts based on inaccurate financial statements have been introduced by the Securities and Exchange Commission (SEC). Securities exchanges will be required to adopt listing standards that require issuers to have a policy for the recovery […]
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Australia launches new strategy to tackle tax havens October 28, 2022 Australia’s government has announced new transparency rules in a bid to crack down on companies shifting their profits to tax havens. It will force multinational corporations to publicly disclose their country-by-country reporting, a method designed to expose and deter exploitation of the system. The […]
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