fiduciary duties

Republican attorneys claim asset managers are breaching fiduciary duties

September 6th, 2024


A group of 24 Republican attorneys has raised concerns about whether American asset managers are violating their fiduciary duties by outsourcing voting on environmental proposals to proxy advisors.…

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Coca-Cola

Court revives greenwashing lawsuit against Coca-Cola

September 6, 2024


The DC Court of Appeals has revived a lawsuit against Coca-Cola, alleging that the company’s marketing campaigns involved greenwashing, after the case was initially dismissed.

The international environmental organisation Earth Island …

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ESG investing

Group sues Texas over “anti-ESG” law 

September 4th, 2024


A nonprofit organization has filed a lawsuit against Texas seeking to overturn a 2021 bill that limits investments in businesses that “boycott energy companies”.

The American Sustainable Business Coalition, which represents …

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fast fashion

ASN Impact Investors divests from fast fashion companies 

August 29, 2024


Dutch investor ASN Impact Investor has sold approximately €70 million worth of shares in fast fashion companies, after adopting a stricter sustainability policy.

It sold stakes in 12 companies …

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climate reporting

Australia steps closer to mandatory climate reporting

August 29th, 2024


The Australian senate has passed a bill to introduce mandatory climate reporting for large and medium-sized companies as part of the government’s sustainable finance strategy.

Senators voted 34-25 to support …

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The Australian Competition and Consumer Commission or ACCC, an independent authority of the Australian government.

PRI, ACSI and ASFI call for focus on social factors in sustainability guidance

August 16th, 2024


Investor groups have urged the Australian Competition and Consumer Commission (ACCC) to include social factors in its draft guide to sustainability collaborations.

The draft

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climate risk

Major companies falling short on nature assessments

August 14th, 2024


The majority of companies are failing to evaluate and measure their impact and dependence on nature.

The World Benchmarking Alliance (WBA) Nature Benchmark, which assesses more than 800 companies, …

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European Commission

US House Judiciary demands data from CA100+ members

August 9th, 2024


The Republican heads of the US Judiciary Committee have written to over 130 companies demanding information on their Climate Action 100+ (CA100+) membership.

The letters, which described the …

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ESG Ratings

UK government to introduce law regulating ESG rating agencies

August 9th, 2024


The UK’s chancellor of the exchequer Rachel Reeves has announced the government will propose a new bill introducing regulations for ESG rating agencies.

On a visit to Toronto, …

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Greenwashing

Mercer faces $11.3m penalty over greenwashing

Augusr 7th, 2024


The Australian Securities and Investments Commission’s (ASIC) case against Mercer Superannuation (Australia) has led to the Australian Federal Court fining the firm $11.3 million.

In the landmark case, ASIC’s first …

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