Corporate governance – Page 19
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NewsAsset managers’ backing of ESG resolutions falls to three-year low
ShareAction is urging asset managers to rethink voting policies seen during the last AGM season
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NewsAvon Pension Fund joins south-west partnership for renewables investment
New partnership will see Avon scheme and other Brunel Pension Partnership investors deploy over £300m into renewables and energy transition assets
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NewsACA sets up steering group to assess risk and opportunities of AI for pensions
The group will be chaired by LCP partner Alex Waite and to date is made up of members from Aon, Barnett Waddingham, Buck, Isio, Mercer and XPS
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NewsBorder to Coast votes against 95% chair re-elections in oil and gas companies
This is up from 31% in 2022, following an updated voting policy for the oil and gas sector
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NewsKLP ditches Saudi Aramco and 11 other companies over climate and human rights
The exclusions are mainly related to the building and construction, property, and telecommunications sectors
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NewsFrance strengthens SRI fund label to ‘give investors more confidence’
The label can now only be secured by funds that have no exposure to companies developing new fossil fuel assets
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NewsEU issues taxonomy guidance for investors, moves forward on regulating ESG ratings
Official political negotiations will kick off on the proposed regulation in January between the European Parliament, Council and Commission
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NewsCorporate strategy and pension schemes’ ESG agendas misaligned, survey finds
Only 37% of CFOs and senior executives reported their corporate strategy and schemes’ ESG agendas are aligned
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AnalysisFCA did not consider UK pension funds concerns over listing regime
The Authority set out proposals to make UK listing regime ‘more accessible, effective, and competitive’
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NewsLarge Swiss firms fail to assess impact of digital transformation on workforce
However, Switzerland’s largest listed companies researched in Ethos study have improved their scores with regard to digital responsibly
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NewsUK pension funds call for more control over proxy voting
Signatories to an open letter to asset managers include London CIV, Merseyside Pension Fund, Environment Agency and Smart Pension
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NewsEthos reviews voting guidelines for sustainability and climate disclosures
Swiss listed companies will have to submit sustainability reports to shareholders vote from next year.
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NewsRailpen expects companies to use new ISSB standards ‘at a minimum’
‘In 2024 we will continue to use our voice to advocate for the strong shareholder rights and effective corporate governance, which ultimately benefit both investors and companies,’ says Railpen
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NewsRegulator fines Dutch retail scheme for communication mishaps
Pensioenfonds Detailhandel has accepted the €136,000 fine, but claims the regulator’s conclusions were ‘too firm’ and were based on too little information
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NewsFrance is first country to transpose CSRD into national law
The Directive will replace the Non-Financial Reporting Directive, laying out much stricter expectations for companies reporting on environmental and social impacts
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NewsGerman regulator to check European green bonds issuers obligations
Green bond issuers must publish an information sheet before issuing the bonds, which includes essential information on planned taxonomy-compliant use of proceeds
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Opinion PiecesViewpoint: Unequal voting rights must be phased out
Weakening protections around dual class share structures will not deliver the desired benefits
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NewsFondo Pensione Cometa pushes Microsoft on AI risks at AGM
The pension fund is also in favour of an independent analysis of the reputational and financial risks resulting from Microsoft’s involvement in the military industry
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NewsNBIM to lead class action for first time, joining AP7 against SVB
AP7 reveals it is also leading class action in US against failed Signature Bank
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NewsInvestor coalition calls for phase out of unequal voting rights
It made recommendations to phase out dual-class structures tailored at different financial market participants
