sustainability Archives

IFRS expands sustainability board to six members

IFRS expands sustainability board to six members June 10, 2022 Follows the appointment of former Danone CEO and chairman Emmanuel Faber The International Financial Reporting Standards (IFRS) Foundation has appointed four members to its International Sustainability Standards Board (ISSB) to support international investors on climate and ESG matters. Catch up on previous coverage of the […]

Minerva Appointed to National LGPS Framework

Minerva is delighted to have been reappointed to the latest edition of the National LGPS Framework for Stewardship Services.

Consumer groups slam attempt to delay SRD II

Shareholders push back against TotalEnergies

A shareholder coalition has stated it will vote against TotalEnergies’ executive pay and sustainability and climate progress report after the company refused to include their resolution at its AGM.

BHP faces shareholder anger over fossil fuel

Woodside shareholders back merger with BHP

Woodside Petroleum’s shareholders voted 98.66% in favour of a merger with BHP’s petroleum arm at the company’s AGM.

EU to crackdown on greenwashing in green bonds

EU to crackdown on greenwashing in green bonds 20 May, 2022 The proposals seek to bring in standards, as there is currently no uniform green bond standard in the EU. The EU Parliament’s Economic and Monetary Affairs Committee have proposed a series of measures to better regulate the green bond market. The Committee hopes the […]

Activist investor pressures Mcdonald’s on supply chain abuses

Activist investor Carl Icahn has written to fellow McDonald’s shareholders taking issue with the company’s continued failure to combat animal cruelties along its supply chains.

SEC urged to unleash sweeping changes to proxy system

SEC extends comment period on climate risk consultation

Deadline for comments on The Enhancement and Standardization of Climate-Related Disclosures for Investors, now 17 June 2022.

SBTi warns Asset managers over passive fund emissions

To have targets approved by the SBTi, asset owners must include passive funds in carbon estimates.

SEC charges Brazilian mining over safety claims

The Securities and Exchange Commission (SEC) has charged Brazilian mining company Vale S.A. with making “false and misleading” claims about the safety of its dams prior to the collapse of the Brumadinho dam which killed 270 people.

UK’s advertising regulator accuses HSBC of greenwashing

The UK’s Advertising Standards Authority (ASA) has accused HSBC of misleading customers in its adverts on the company’s green initiatives, according to a draft recommendation seen by the Financial Times.