The Australian and US national financial regulators are taking legal action against companies accused of greenwashing funds and misleading investors.
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The Securities and Exchange Commission (SEC) could be doing more in its work to improve diversity within the US financial services industry, several of its former chairwomen have agreed.
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SEC open to easing controversial climate disclosure proposal February 15, 2023 Enhanced climate disclosure rules in the US could be subject to change after SEC chairman Gary Gensler admitted “adjustments” could be made. The ‘Enhancement and Standardization of Climate-Related Disclosures for Investors’ rules were proposed last year and have invited negative feedback. The proposals will […]
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ISSB disclosure rule update expected in 2023 January 6, 2022 The International Sustainability Standards Board (ISSB) is to propose two new rules covering companies’ disclosures of climate-related risks and expands its focus to include corporate biodiversity reporting. The pairing will help set a baseline for disclosures by more broadly incorporating nature, the ISSB said. The […]
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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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State treasurers from 14 democratic states have voiced their support for ESG investment, in the latest development in a widening political rift over how public investments are influenced.
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US-listed companies will soon have to disclose how the pay of their top executives compares against the firm’s performance, after new rules were finalised by the Securities and Exchange Commission (SEC).
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Nasdaq CEO Adena Friedman has revealed its ESG unit is the fastest growing part of the business, despite the stock exchange’s lobbying efforts against pro-ESG laws from the SEC.
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The SEC’s amendments to the Trump administration’s 2020 rules only partially addresses investor concerns over attacks on independence of proxy voting advice
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SEC proposes new rules against greenwashing in ESG funds June 10, 2022 The proposal sets out three types of ESG funds and what they are required to disclose. The US Securities and Exchange Commission (SEC) has introduced a proposal aiming to standardise disclosures for ESG funds. As greenwashing continues to be a prominent issue within […]
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