Responsible investment pressure group ShareAction has welcomed the UK government’s interim response to recommendations made by the Law Commission earlier this year which concluded that there were no legal or regulatory barriers to pension funds, whether defined contribution or defined benefit, making investments that support the wider social good. In the joint response document, the Department for […]
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The Investor Stewardship Group (ISG), a coalition of some of the largest U.S. based institutional investors and global asset managers, along with several of their international counterparts, is working with US companies to ensure they comply with its corporate governance framework which takes effect from 1st January 2018. The framework, which incorporates corporate governance and stewardship […]
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UK pension fund trustees who want to fulfil their fiduciary duty should be able to implement their environmental, social and governance (ESG) policies and challenge their investment advisers on these issues according to The Pensions Regulator (TPR). The regulator issued a range of guidance, including on investment strategy, for defined contribution schemes last year and has […]
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The Indian proxy season for 2017 represented a tipping point for shareholder activism, according to corporate governance advisory service, InGovern with institutional investors now prepared to take on company boards. In its overview of this year’s season, which begins in January and peaks in September in India, InGovern said the number of cases where shareholders […]
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While 64% of FTSE 100 companies provide meaningful narrative commentary on the composition of their workforce, just 4% of companies provide a breakdown of their workforce by full time and part time workers according to research carried out by Lancaster University Management School for the Pensions and Lifetime Savings Association (PLSA). The research also found that all […]
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The World Business Council for Sustainable Development (WBCSD) used the COP 23 UN climate change meeting in Bonn to publish its 2017 progress report on the Low Carbon Technology Partnerships initiative (LCTPi) which shows the action companies are taking to combat climate change. The report revealed that over 20 new companies joined LCTPi in 2017 bringing the total number […]
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Companies have a crucial role in meeting the main target set in the Paris climate change agreement to limit the temperature increase from global warming to 1.5°C, according to a recent report from the Carbon Trust. The report is based on a series of events hosted by the Carbon Trust working alongside the communications company […]
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Many large and mid-cap companies worldwide (72%) do not acknowledge the financial risks of climate change in their annual financial reports, according to the KPMG Survey of Corporate Responsibility Reporting 2017. Of the minority that do acknowledge climate-related risk, less than one in 20 (4%) provides investors with an analysis of the potential business value at risk, […]
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A consultation has been launched seeking views from investors and companies on whether the Best Practice Principles for Shareholder Voting Research and Analysis have been effective in ensuring the integrity and efficiency of the services provided by proxy advisers. Earlier this year the charter signatories to the Best Practice Principles (the BPP group), which includes Manifest, […]
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25th September 2017 marked a global day of action in the support of the United Nations’ Sustainability Development Goals (UN SDGs), on the second anniversary of their inception, and came as two reports emphasised the role business and investors can have in achieving their aims. The updated edition of Coping, Shifting, Changing, published by the UN […]
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