Corporate governance – Page 24
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NewsUK Court of Appeal dismisses case brought against USS directors
Claims against USS directors were ‘bound to fail’, according to Judge Sarah Asplin
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NewsKey ESG data disclosure remains low despite overall increase in sustainability reporting
ESG regulations worldwide have surged by 155% in the past decade, research shows
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NewsPRI’s Fabian urges rethink of theories behind sustainable finance
‘When it comes to engaging on policy, the truth is, we are losing,’ says PRI’s Nathan Fabian
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NewsNordic SWF tops global transparency ranking
CPP Investments and AustralianSuper came in second and third overall
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NewsDanica Pension completes first biodiversity mapping of investments
Investments in mechanical engineering, pharmaceuticals, energy, and food processing have ‘potentially the greatest damage and dependence on biodiversity’, it says
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NewsEuropean Commission at risk of losing leadership role on sustainable finance
There is high-level political pressure on Commission president Ursula von der Leyen to further hollow out the standards
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NewsKey players welcome release of IFRS S1, S2 sustainability standards
The knotty issue of materiality remains, however, a key issue in the ongoing discussion around the new standards
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NewsRolls-Royce pension fund picks BlackRock for custom-built default fund
Plus: LPP invests in Federated Hermes’ private equity fund; GAD completes methodology assessment into British Steel scheme; Osmosis partners with SuMi TRUST
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NewsFinancial Stability Board asks ISSB to take over TCFD monitoring role
The move ‘provides yet further clarification of the so-called ‘alphabet soup’ of ESG initiatives for companies and investors’, says ISSB chair Emmanuel Faber
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NewsPublic prosecutor investigates former DWS CEO Asoka Wöhrmann
The public prosecutor’s office and DWS are now locked in negotiations regarding a fine
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NewsShareAction issues guidance manuals for responsible investment best practice
The first paper recommends how asset managers can set interim net zero targets that are fit for purpose
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NewsEFAMA calls for consistency in response to ESAs SFDR consultation
The association ‘fails to see’ the added value of expanding disclosures on the ‘do no significant harm’ assessment of sustainable investments
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NewsAP7, CEPB reverse National Grid no-vote decisions after climate-lobbying victory
Swedish national pension fund AP7 and the Church of England Pensions Board (CEPB) have announced they are reversing their decisions to vote against the management of UK multinational energy firm National Grid, following the firm’s public commitment to develop climate-lobbying disclosure. AP7 and CEPB – as the lead engager with ...
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NewsChurch of England exits Net-Zero Asset Owner Alliance
‘Given the size of the organisation, a clear focus on one initiative was needed,’ says CEPB’s director of climate and environment
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NewsPPF expands sustainability drive with new strategy
Plus: Church Commissioners’ sustainability report shows farmland to be highest carbon emitter
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FeaturesDiscerning investor sentiment: this year’s proxy season
Every annual general meeting (AGM) season has traditionally brought with it a few symbolic moments – events that serve as broader indicators of the market’s mood when it comes to environmental and social issues.
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Opinion PiecesHarnessing the power of corporate governance
Pension funds and other institutional asset owners have significant influence when it comes to voting in companies’ annual general meetings (AGMs). The consequences of their voting decisions can have a profound impact on company share prices and long-term objectives, especially in the context of climate change.
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Opinion PiecesNotes from the Nordics: NBIM still learning on equal pay after winning employment case
Norway’s sovereign wealth fund has hailed the benefits of litigation abroad to drive its corporate governance agenda. Closer to home, victory in an Oslo employment case may have rung decidedly hollow for Norges Bank Investment Management (NBIM).
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FeaturesAccounting: Corporate reporting at a crossroads
When the definitive history of modern corporate reporting is written, historians will no doubt step back in awe. They will marvel at the International Accounting Standards Board’s (IASB) decision to issue its management commentary proposals only to inherit the integrated reporting framework and then waste substantial energy grappling with the complexities of aligning or even merging the two.
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FeaturesFX in waiting mode after lively 2022
After a long period of muted volatility, currency markets sprang back into action in 2022 as geopolitical risk and diverging monetary policy came to the fore. This year it is quieter, but markets remain rattled over the unpredictable interest rate scenarios. As a result, many market participants are waiting for a sharper picture to emerge.
