Action on climate needed for global equity values July 24th, 2024 Climate risk has a significant impact on global equity valuations and aggressive policies are needed to reduce losses, according to research from EDHEC-risk climate impact institution. The study, “How Does Climate Risk Affect Global Equity Valuations? A Novel Approach“, found over 40% of global […]
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FRC releases major update to UK Stewardship Code July 22nd, 2024 The Financial Reporting Council (FRC) has published significant revisions to the UK Stewardship Code application process. The regulator has also announced that it has identified five priority areas of review, following engagement with over 1,500 stakeholders, as it continues its revisions of the code. […]
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CalPERS reinforces commitment to shareholder engagement July 19th, 2024 The California Public Employees’ Retirement System (CalPERS) has reasserted the importance of shareholder rights following ExxonMobil’s AGM. Speaking at the Investment Diversity Exchange conference, CalPERS’ CEO Marcie Frost said its rift with ExxonMobil presented an opportunity to be “courageous”, Pensions and Investments reports. She said that […]
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SBTN publishes updated guidance for nature targets July 18th, 2024 The Science Based Targets Network (SBTN) has released amended guidance and a new corporate manual with updated advice for companies. The updated technical guidance and enabling materials emphasised the importance of increasing ambition and driving science-based action on nature. It included updated methods for organisations […]
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The Financial Conduct Authority (FCA) has updated the UK’s listing regime to streamline the rules, hoping to boost growth and innovation.
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The Chartered Financial Analyst (CFA) Institute has urged the European Union (EU) to address the challenge of unreliable ESG data and mitigate greenwashing risks in its ESG regulatory framework.
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The European Sustainable Investment Forum (Eurosif) has released the Corporate Sustainability Due Diligence Directive (CSDDD), which will soon be adopted into EU member states’ law.
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A group of 35 Republican lawmakers have urged the Eighth US Circuit Court of Appeals in St Louis to vacate the SEC’s climate disclosure rules.
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The Principles for Responsible Investment (PRI) has launched the engagement process for Spring, an investor stewardship initiative focused on tackling the material financial risks of biodiversity loss.
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The International Sustainability Standards Board (ISSB) has started on its two-year work plan to improve harmonisation and consolidation of sustainability disclosure guidance.
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