Corporate governance – Page 27
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NewsPRI welcomes Commission ESRS adoption but calls for clear materiality assessments
The Commission is adopting common standards which will help companies to communicate and manage their sustainability performance more efficiently
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NewsFew asset managers reveal own climate vulnerability, UK watchdog finds
FRC assesses ‘quality and maturity’ of climate-related metrics and targets disclosures in four sectors, including asset management
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NewsESG roundup: Asset managers still invest in assets misaligned with Paris Agreement
Plus: Article 8 funds suffer outflows of €14.6bn, says Morningstar report; GSS bonds could claim EU green bond standard label
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NewsUSS reduces carbon emission intensity by 21% but warns more needs to be done
‘The government and regulators have a huge part to play here, not least by ensuring a predictable, transparent, and stable regulatory environment,’ says Innes McKeand
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NewsISSB vice-chair calls for clear steer on workplan priorities
The board needs to ‘get as much colour as we can from our stakeholders’ in order to make informed decisions about its priorities, says Sue Lloyd
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NewsFrance’s lower house votes for mandatory Say on Climate
FIR, a French sustainable investment lobby group, says that only nine companies published climate resolutions so far out of 795 on the Euronext Paris stock exchange
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NewsActuaries urge financial sector to be ready for changes to biodiversity reporting
The Taskforce for Nature-related Financial Disclosure is expected to publish its risk management and disclosure framework in November
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NewsIOSCO endorses ISSB standards
The organisation is calling on its 130 member jurisdictions to consider ways in which they might adopt, apply or otherwise be informed by the ISSB standards
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NewsDiversity Project launches in Europe for an inclusive asset management industry
The asset management industry is behind other professional services sectors in terms of gender balance and the number of ethnic minorities in decision-making roles
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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
