Vanguard engagement stewardship

Global investment firm Vanguard has written an open letter to the directors of public companies worldwide specifying its priorities that it will engage with firms about as part of its stewardship programme.

The letter, from its chairman and chief executive …

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FRC climate "major review"

The UK’s Financial Reporting Council (FRC) has begun a consultation on amendments to its guidance on the strategic report which aims to improve non-financial reporting by companies. The guidance was originally issued in 2014 when strategic reports were introduced.

The …

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US climate resolutions
Sustainable investment specialist, Walden Asset Management, has withdrawn a resolution due to be voted on at a Vanguard mutual fund meeting in November. The resolution had challenged the proxy voting records on shareholder resolutions addressing significant social and environmental
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banking

Two private investors are taking legal action against Commonwealth Bank of Australia (CBA) for failing to adequately disclose climate change risk in the bank’s 2016 annual report. The shareholders are being represented by Environmental Justice Australia which has filed a …

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Deforestation shareholder resolutions

Investors are increasingly pushing some of the world’s biggest companies to commit to reducing their impact on the global forests, according to an analysis of shareholder resolutions put forward at US AGMs. The report was published by the Global Canopy

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responsible investment Australia New Zealand

The level of responsible investing has risen in New Zealand and Australia according to recent reports from the  Responsible Investment Association Australasia (RIAA).

The steep rise of over 2500% in responsible investment within in the New Zealand market, which jumped …

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pensions trustees ESG

Nearly half (47%) of UK staff can achieve higher environmental, social and governance (ESG) standards without sacrificing profitability, according to research carried out by Opinium on behalf of the Better Society Awards and Citigate Dewe Rogerson.

The online …

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Marks and Spencer pay Living wage
A group of institutional investors with over £100 billion assets under management, coordinated by responsible investment pressure group, ShareAction, has requested that Marks & Spencer accredits as a Living Wage employer because they believe there will be significant benefits for
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climate-related financial disclosures

The EU’s High-Level Expert Group on Sustainable Finance, established by the European Commission, has published its interim report and made early recommendations to move Europe towards a low carbon, more resource-efficient and sustainable economy.

The Commission said that …

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CDP fossil fuel

The Climate Group’s RE100 initiative has celebrated gaining its 100th member this week. The initiative supports and showcases global businesses transitioning to 100% renewable electricity across their global operations and its membership now covers a total revenue of US$2.5 trillion.…

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