sustainability Archives

Report finds major banks are financing deforestation and biodiversity loss

Banks have poured $307bn into high-risk forestry and agriculture companies linked to tropical deforestation since the Paris Agreement was signed, a report by the Forests & Finance Coalition has found.

climate change, sustainability agreement

GRI and EFRAG partner for interoperability index

The Global Reporting Initiative (GRI) and European Financial Reporting Advisory Group (EFRAG) have partnered to launch the GRI-ESRS Interoperability Index, guidance on how to align both group’s standards.

Asset managers are failing asset owners on stewardship

Asset managers are failing asset owners on stewardship December 1st, 2023 The UK Asset Owner Stewardship Review has found considerable misalignment and misunderstanding on stewardship issues between asset owners and asset managers. The review is based on findings from the UK Asset Owner Roundtable from asset owners and managers, which including a range of high-profile […]

ICEV warns dual-class shares will harm investor interests

ICEV warns dual-class shares will harm investor interests December 1st, 2023 A report by the Investor Coalition for Equal Votes (ICEV) on unequal voting rights has urged companies with dual-class share structures to switch to single-class to equalise investor voting rights. A dual-class share structure involves a company issuing two share classes – one typically […]

FCA confirms final SDR and labelling guide

The Financial Conduct Authority (FCA) has revealed its final Sustainability Disclosure Requirements (SDR) and investment label regime, including a new ‘mixed goal’ label.

IIHC warns of chemical sector’s “new asbestos”

The Investor Initiative on Hazardous Chemicals (IIHC) has warned chemical companies to quit production of PFAS chemicals, calling them the “new asbestos” for the sector.

Blocks spelling out SDR against a green background

FCA warns many firms not meeting SDR standards

The UK Financial Conduct Authority (FCA) found many firms must improve their disclosures to meet the Sustainability Disclosure Requirements (SDR).

Minerva 2023 Proxy Review finds high uncertainty

The Minerva 2023 Proxy Review will be published later this month highlighting the impact of the uncertain geopolitical climate has had on investor voting this year.

TPI publishes ASCOR framework

The Transition Pathway Initiative (TPI) has released its Assessing Sovereign Climate-related Opportunities and Risks (ASCOR) framework, which assesses countries on climate change.

Businesses urge UK government to set out net zero strategy

A coalition of UK businesses is calling on the UK Chancellor Jeremy Hunt to outline the government’s long-term net zero plan in his upcoming Autumn Statement.