FRC Logo

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 …

Read More
CalPERS

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 …

Read More
Green energy for clean and sustainable environment. Wind energy used in the industry of factories, machines and technologies. Reducing Co2 emissions and limiting global warming and climate change

Climate disclosure in US strong at state level

July 19th, 2024


California, Illinois and New York have pushed ahead with climate disclosure requirements despite legal push back on the Securities and Exchange Commission’s (SEC’s) final regulations.

The SEC finalised its …

Read More
TNFD nature-related disclosures

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 …

Read More
listing rules, rules

FCA overhauls listing rules in final reforms

July 12th, 2024


The Financial Conduct Authority (FCA) has updated the UK’s listing regime to streamline the rules, hoping to boost growth and innovation.

The rules, which will apply from 29 July …

Read More
greenwashing

CFA warns changes needed to EU regulatory framework

July 12th, 2024


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.…

Read More
Sustainability reporting

EU officially publishes CSDDD

July 9th, 2024


The European Union (EU) has officially released the Corporate Sustainability Due Diligence Directive (CSDDD), which will soon be adopted into EU member states’ law.

Following a final vote by the European Parliament, the …

Read More
biodiversity

PRI launches ‘Spring’ engagement process to tackle biodiversity loss

June 27th, 2024


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.

The …

Read More
sustainability plans

ISSB starts two-year plan and publishes feedback statement

June 26th, 2024


The International Sustainability Standards Board (ISSB) has started on its two-year work plan to improve harmonisation and consolidation of sustainability disclosure guidance.

The ISSB chair Emmanuel Faber announced that …

Read More
Lawsuit

Exxon lawsuit against shareholder activist voided

June 21st, 2024


A federal judge has tossed ExxonMobil’s lawsuit against activist ESG shareholder Arjuna Capital.

US District Court Judge Mark Pittman concluded that ExxonMobil’s claim is moot and dismissed the lawsuit without prejudice, …

Read More