Corporate governance – Page 25
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NewsSwiss groups outline principles for new stewardship code
Investors can escalate their actions if engagement does not pay off, for example against a specific board member, presenting one or more nominations for board election, or divesting
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NewsInvestor group calls for climate vote at high-emitting companies
Investors including LAPFF, CCLA Investment Management and Ethos Foundation write to FTSE companies in high-risk sectors seeking AGM vote on climate transition plans
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Features
SASB grapples with universal appeal
In the ever-evolving landscape of corporate sustainability, the Sustainability Accounting Standards Board (SASB) has long been the guiding star for the 90% or so of companies in the S&P500 that use the standards to chronicle their environmental, social and governance journey.
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NewsAsset managers tread carefully following DWS’s fine by SEC
Industry focuses on prudent stance in light of greenwashing risks
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NewsESMA focuses on digital change and green transition
In 2024, ESMA will develop rules for sustainable finance as part of the new European Green Bond Regulation
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NewsSustainability chiefs overwhelmed by plethora of ESG disclosures and platforms
Despite the number of executive-level CSOs appointed having almost tripled since 2016 (9%) to 28% in 2021, they are grappling with reporting and impact
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NewsExxonMobil Pension Plan gets first ever TPR fine on climate change reporting
In a response to the Regulator, the trustees assured TPR they ‘took their climate reporting obligations seriously and that their non-compliance was inadvertent’
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NewsNEST ethnicity and gender pay gap figures show room for progress
The median gender pay gap rose to 11% and ethnicity pay gap rose to 18%.
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News190 investors write to companies over management of nature
Launch reflects growing focus on nature in sign of defiance against US clampdown on collaboration
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NewsFCLTGlobal calls for fundamental shift in remuneration structures
Total shareholder return is the most common metric that shareholders employ to align interests, but it is often short term-oriented
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NewsISSB’s approach to SASB standards wins qualified support
Critics of the SASB standards argued they were too focused on US capital markets to be relevant to an international audience
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NewsInvestor group rejects basis for UK government delay of net zero policies
‘Staying the course not incompatible with addressing immediate cost of living concerns’
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NewsGFANZ moves to define four types of transition finance
Net zero body invents ‘Expected Emission Reductions’ calculation in bid to quantify impact of such investments
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NewsSwiss asset management association to launch stewardship code with SSF
AMAS and Swiss Sustainable Finance will publish the Swiss Stewardship Code in October
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NewsTNFD launches final disclosure recommendations
TNFD activities coincide with legislation on nature-related disclosures mooted in some countries
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NewsNorway’s SWF steps up climate demands from companies
NBIM says firms need to move on from disclosures and target-setting to execution phase
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NewsCamden scheme uses Tumelo’s pass-through voting solution
The fund will now be able to direct their vote on include CEO remuneration and climate concerns
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NewsUK pensions regulator to build on relationship with admins
TPR is innovating by using its supervision approach to establish open, two-way relationships with several “strategically important” pension administrators
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NewsFinance sector ‘not in the driving seat’ on green transition, says IIF official
Finding global consensus and alignment on financial sector policy and regulation around climate risk and transition planning is difficult
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NewsSFDR ‘likely helped’ reduce greenwashing risks – study
CFA Institute found that asset managers are mostly ‘appropriately disclosing’ ESG approaches, but there is room for improvement
