European Regulators Call for Stricter Supervision to Combat Greenwashing June 5, 2024 The EU’s three primary financial services regulators have called for improved supervision and market practice to enhance the integrity of sustainability-related claims in the financial sector. The European Banking Authority (EBA), European Securities and Markets Authority (ESMA) and European Insurance and Occupational Pensions […]
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The Financial Conduct Authority (FCA), which regulates the UK’s financial services industry, has launched an advisory ESG committee open to external members.
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Impact of lockdowns could hold up verification of financial accounts Regulators are warning that reporting of annual results for listed companies could be delayed because of the coronavirus pandemic. The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) said in a joint statement on 27 January that listed companies whose financial year ended […]
Read MoreA report by the Asset Management Working Group of the United Nations Environment Programme Finance Initiative links the integration of ESG (environmental, social and corporate governance) issues into investment processes with legal responsibilities of fiduciaries (including pension trustees, asset managers and investment advisors). It also calls into question whether the institutional investment industry responsible ownership […]
Read MoreAngry shareholder groups are calling on regulators to overhaul rules that mean UK companies can provide dramatically different information to investors in the U.S. and here. Sarah Wilson, chief executive of respected shareholder advisory group Manifest, described it as ‘a system of information arbitrage’, giving superior knowledge to one group of investors over another. At […]
Read MoreManifest’s campaign to ensure shareholders at Irish companies have the opportunity to cast an advisory vote on the remuneration report gathered momentum over the weekend, with a full page article in the Irish edition of The Sunday Times. Last month Manifest filed shareholder resolutions at five Irish companies seeking an advisory say-on-pay vote. The Sunday […]
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