sustainability Archives

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Lawsuit filed against California’s disclosure rules

The US Chamber of Commerce has filed a lawsuit against the state of California over its new corporate climate disclosure laws.

Australia proposes new law on climate reporting

Australia proposes new law on climate reporting February 5th, 2024 The Australian government has proposed a new law to establish a climate risk disclosure framework, introducing new reporting requirements for companies. The draft legislation amends the Australian Securities and Investment Commission Act 2001 and the Corporations Act 2001 to introduce standardised climate-related reporting requirements. The […]

Pensions not protecting people from climate-related financial risk

Pensions funds are failing to protect their beneficiaries from climate-related financial risk, according to a new report by Sierra Club, Stand.earth, and Stop the Money Pipeline.

Friends of the Earth files lawsuit against ING

The Netherlands arm of Friends of the Earth, Milieudefensie, has filed a climate lawsuit against financial services group ING, calling on it to halve its carbon emissions.

CalSTRS revises corporate governance principles

The California State Teachers’ Retirement System (CalSTRS) has adapted its corporate governance principles to include company’s workforce as an issue for engagement.

IIGCC publishes net zero voting guidance

The Institutional Investors Group on Climate Change (IIGCC) has published guidance to support investors in developing their own net zero policies and practices.

EU says circular economy is “vital” to meeting climate goals

The European Commission has renewed its commitment to a circular economy and reducing reliance on fresh resources, describing it as a “no brainer”.

SFDR criticised over fund labelling and mandatory disclosures

Assets managers have called for a new approach to fund labelling and mandatory disclosures in the European Commission’s Sustainable Financial Disclosure Regulation (SFDR).

WWF call for urgent government action on biodiversity

The Worldwide Wildlife Fund for Nature (WWF) have warned that without major changes by the UK government the food system in England will continue to fail people.

Asset managers failing to utilise shareholder engagement with fossil fuels

Asset managers failing to utilise shareholder engagement with fossil fuels January 5th, 2023 Asset managers that finance fossil fuel expansion are failing to effectively employ shareholder engagement tactics. Asset managers failed to translate their words into actions at fossil fuel company AGMs in 2023, according to new research from Reclaim Finance. The NGO and campaigning […]