Barriers to addressing human rights breaches in investment pipelines remain despite significant strides made over the past decade, a UN Working Group on Business and Human Rights report has found.
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The chief of UN-backed Principles for Responsible Investment (PRI) has lashed out at the SEC and corporate lobby groups for trying to dampen investor rights. In an opinion piece for the FT this week, chief executive of the PRI Fiona Reynolds strongly criticised what she called “powerful countervailing forces” that were attempting to silence shareholders […]
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New research published by the UN’s Principles for Responsible Investment (PRI) has found that investors are sceptical about whether or not regulation is is driving real ESG change and alignment with sustainable development goals. The report analyses nearly 300 pieces of regulation covering pension fund rules, stewardship codes and corporate disclosure rules. It also interviewed policymakers, investors and […]
Read MoreThe SEC this week weighed into the proxy advisor debate with Staff Legal Bulletin 20, which provides information on the proxy voting responsibilities of investment advisers (i.e. professional investors) as well as clarification on the exemptions from federal regulation which apply to proxy advisory firms. We welcome the focus placed by the SEC on the role and responsibilities of […]
Read MoreAs we approach the season of goodwill to all (wo)mankind, our thoughts often turn to those less fortunate than ourselves, and how we might achieve a better world with what we have to share. It’s a tradition that stretches well back before the iconic 1843 Dickens novella “A Christmas Carol“. In many ways, socially responsible […]
Read MoreAnother week, another consultation deadline in the world of responsible investment – last week the FRC’s consultation on the Stewardship Code. With so many column inches being taken up with coverage of scandals which have shaken the very bedrock of financial and investment services, we might well wonder if fine tuning the way that investors report their Stewardship activities […]
Read MoreFour of the Swedish buffer funds (AP1, AP2, AP3 and AP4) this week announced the appointment of a provider of global voting services: “The First to Fourth AP Funds (The Funds) have carried out a procurement of a Global Voting Service. After extensive evaluation of different suppliers and their systems, we have decided to award Manifest […]
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