CMA issues a review on greenwashing October 2, 2024 The Competition and Market Authority (CMA) has issued a new compliance guide, pushing fashion brands to review their green claims. Alongside the release of the compliance guidelines, CMA has also advised 17 high-profile brands to review their specific claims and has secured commitments from ASOS, Boohoo, […]
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Italy launches greenwashing investigation into Shein’s environmental claims September 27, 2024 The Italian Competition Authority has opened an investigation into global fashion online retailer Shein due to misleading claims about its sustainability practices on the company’s website. The anti-trust authority’s investigation will focus on Infinite Styles Serves Co, the operator of Shein’s website and app, […]
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Shareholders withdraw BHP resolution after improvements to climate plan September 26, 2024 Three institutional investors representing $110 billion in assets have withdrawn a shareholder resolution against BHP following improved disclosures in the company’s climate transition plan. Denmark’s largest pension fund, PFA Pension Fund, Vision Super and the Australasian Centre for Corporate Responsibility (ACCR) filed a […]
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Ireland introduces Corporate Governance Code September 25, 2024 Euronext Dublin has launched the Irish Corporate Governance Code, which introduces a set of principles that highlight the importance of good corporate governance for achieving long-term success. The launch follows a recent consultation, which was launched in July, that received 22 responses from stakeholders, including Minerva Analytics, […]
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Minerva supports the UN Global Compact SDG Flag Campaign September 25th, 2024 For the second consecutive year, Minerva proudly raises the SDG flag as part of a global campaign, reaffirming our support for the United Nations’ Sustainable Development Goals (SDGs) and our commitment to a more sustainable future for all. We are dedicated to driving […]
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SBTi expands revisions to Corporate Net-Zero Standard to refine neutralisation approach September 20th, 2024 The Science Based Targets initiative (SBTi) has broadened its revisions of the Corporate Net-Zero Standard to refine its approach to neutralisation. The Corporate Net-Zero Standard provides companies with guidance and tool to help them set science-based net-zero targets. It also specifies […]
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Shareholders Call for Board Oversight of Artificial Intelligence September 20th, 2024 As advanced technologies such as artificial intelligence are expected to transform business models and strategies, shareholders are driving the conversation around boardroom oversight of AI-related risks and opportunities. During the 2024 United States Proxy Season, Minerva Analytics recorded 10 shareholder proposals that were driven […]
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TISFD urged to align disclosures with ISSB’s human capital project September 19, 2024 Financial institutions have called on the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) to collaborate with International Sustainability Standards Board’s (ISSB) human capital standard-setting project, rather than creating a separate framework. The taskforce, which aims to develop a global framework for […]
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ExxonMobil vows further legal action against activists misusing proxy processes September 18th, 2024 ExxonMobil has defended its legal action against shareholders, pledging to continue doing so to ensure that shareholder resolution processes are used responsibly and without causing harm. Speaking to the Council of Institutional Investors in New York, Woods warned that Exxon Mobil is […]
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Investors create tool to assess company pay policies with Minerva Analytics data September 13, 2024 A group of UK pension funds have collaborated with the High Pay Centre to develop a free-to-access online tool that helps investors assess companies’ annual corporate pay policies with the help of data from Minerva Analytics. The Fair Reward Framework […]
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