Corporate governance – Page 15
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NewsShareholders give green light to Shell’s diluted climate plan
Its decarbonisation strategy secured 78.2% support at a vote, despite vocal opposition from some asset owners
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NewsInstitutions call for adoption of ISSB-based disclosure rules by 2025
Other asset owners calling for a speedy adoption of the standards include the UN Joint Staff Pension Fund, Now:Pensions, Allianz and North East Scotland Pension Fund
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AnalysisTensions mount at oil & gas majors ahead of AGMs
Aegon has called on its asset managers to snub Shell’s climate plan but NBIM says it meets expectations
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AnalysisAGM 2024 stocktake: Key themes and lessons so far
Industry stakeholders say this year feels much the same as 2023 with the added rise in companies pushing back against shareholders
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NewsIIGCC preps expansion of ‘beyond Climate Action 100+’ engagement initiative
Investor signatories of the Net Zero Engagement Initiative have until 31 May to have their say on the company focus list and engagement strategy for the initiative’s second year
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NewsBosch Pensionsfonds shifts to new governance model
The aim of the new governance structure is to reinforce the strategic and operational management of the pension fund, says CEO Dirk Jargstorff
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NewsSAUL is first UK scheme to adopt pass-through voting across DC, DB plans
The move strengthens the £3bn University of London’s stewardship powers which is particularly focused on voting for resolutions at the Climate Action 100+ companies
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NewsProfessional trustee appointments increase marking fourth year of consecutive growth
However, support for member-nominated trustees (MNTs) continues and pension fund boards are encouragedto keep them
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NewsInvestor coalition urges Amazon to ‘come clean’ on workers’ rights issues
The 20-strong global investor group said failure to recognise human rights norms represents a threat to shareholder long-term value
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NewsSFDR feedback report confirms market split over labelling categories
Feedback summary report shows market is undecided over what it wants from next steps for Sustainable Finance Disclosure Regulation (SFDR)
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NewsAP4 ‘does not agree’ with Glass Lewis, ISS Shell climate resolution advice
AP4 is one of 27 institutional investors who co-filed the shareholder resolution with activist group Follow This
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NewsEFRAG, ISSB release joint guidance on sustainability reporting
The new document is designed to address complexities and reduce duplication in sustainability reporting
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NewsEthos and investors coalition turn to court as TotalEnergies throws out resolution
Ethos Foundation bewails French oil and gas giant’s ‘flagrant disregard’ for shareholder rights
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NewsISSB’s digital taxonomy to help investors assess sustainability disclosures
The ISSB Taxonomy will enable investors to search, extract and compare sustainability-related financial disclosures as ISSB establishes its global baseline of standards
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NewsShell investors urge peers over climate resolution
Votes cast will ‘resonate across the fossil fuel industry’, say major Shell investors in a briefing for their peers
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FeaturesUK creates social factors template for pension investors
Environmental and governance risks receive much attention, but UK and other European institutional investors have focused less on social factors and their complexities.
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NewsISSB to tackle biodiversity reporting, human capital disclosures
Chair Emmanuel Faber says the board’s focus remains on the informational needs of investors and the allocation of capital
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NewsIASB to consult on accounting for climate-commitments
The board agreed to issue the proposed guidance, which is subject to drafting changes, on a 120-day comment period
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NewsEthos expects UBS to tighten lending policy for high emission sectors
The foundation is asking UBS to phase out from high emission sectors such as thermal coal
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NewsMN to support Follow This resolution at Shell AGM
MN’s main explanation for its voting intention is that Shell’s 20-30% liquefied natural gas growth doesn’t align with the Paris Climate Agreement
