Royal Bank Canada

RBC faces shareholder resolution over sustainability-linked debt


March 4th, 2022

A shareholder advocacy group has filed a resolution with the Royal Bank of Canada (RBC) regarding the bank’s use of sustainability-linked debt.

Investors for Paris Compliance (I4PC) filed the resolution

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The EU Sustainable Finance Platform: Where are the owners? Stewardship Code IIGCC

Human rights alliance warns of due diligence gaps


March 04, 2022

The Investor Alliance for Human Rights has cautioned that “significant gaps” remain in the European Commission’s (EC’s) proposal for a directive on corporate sustainability due diligence.

The Alliance said …

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net zero

TPI sets out net-zero pathways for highest emitting sectors


February 18, 2022

The Transition Pathway Initiative (TPI) has created a framework for assessing corporate decarbonisation progress across the 10 highest emitting economic sectors.

The asset owner-led organisation’s report translates International …

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Norway’s oil fund needs to “catch up” with ethical norms

ShareAction: Banks financing oil & gas production despite net-zero pledges


February 18, 2022

European banks are continuing to finance the expansion of oil & gas production despite making net-zero commitments, according to sustainability campaign group ShareAction.

Its data shows that …

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human rights, EU

Companies urge EU to extend human rights, environmental rules


February 11, 2022

The letter comes after a delay in the publication of the EU Commission’s proposed legislation.

The EU Commission should extend its planned rules on human rights and environmental …

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Canada, Parliament

Canada delays sustainability standards board


January 21, 2022

Canada’s consultation on its new sustainability standards board has extended its deadline until March, 2022. Last November Canada became the latest country to pursue its own sustainability reporting standards after it announced …

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IFRS ISSB Logo

IFRS begins search for sustainability standards board


January 14, 2022

The International Financial Reporting Standards (IFRS) Foundation has begun its formal search for board members to sit on its new sustainability standards body.

The International Sustainability Standards Board (ISSB) …

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deforestation

Investors still ignoring deforestation, report finds


January 14, 2022

Nearly three-quarters of financial companies do not have a deforestation commitment for all relevant commodities in their supply chains, according to a new report from non-profit organisation Global Canopy.

The international …

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Australia, Australian, Sydney CBD

Australia proxy season keeps ESG at the forefront


January 7, 2022

Environmental, social and governance (ESG) issues are increasingly at the forefront of debate in the Australian market and 2021’s AGM season proved no exception. With Australian shareholders continuing to …

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Judges gavel on a desk

EU Council approves green taxonomy criteria


December 17, 2021

The first two chapters of the EU’s sustainable taxonomy rules have been passed by member states and will come into force at the start of next year.

The passing of the …

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