Corporate governance – Page 33
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NewsUK competition authority says fossil boycotts don’t contravene rules
The guidance outlines the kind of green agreements that are acceptable under current competition law
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FeaturesAccounting: The line between transparency and confidentiality
It was inevitable that the push by the International Sustainability Standards Board (ISSB) to redefine non-financial reporting would collide with the question of just how much transparency is too much. We had something of an answer on 18 January when the board explored disclosures about the risks and opportunities that arise from climate change.
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NewsDWP sets up Taskforce on Social Factors for UK pensions industry
The taskforce will support pension scheme trustees and the wider pensions industry with some of the key challenges around managing social factors
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NewsThreefold rise in asset managers holding board responsible for ESG
Alongside NNIP and PGGM, the investors that took the biggest tumble down the rankings since 2020’s survey were State Street Global Advisors, PIMCO and Allianz Global Investors
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NewsUK roundup: L&G Mastertrust reaches £20bn AUM milestone
Plus: Smart Pension achieves 50% cut in default growth fund emissions, 20-20 Trustees to merge with Punter Southall Governance Services
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NewsSwedish buffer funds AP1, AP3 report 2022 losses of 8.6%, 5.8%
AP1’s CEO stresses importance of liquidity management; AP3 says emerging markets exposures to be analysed
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NewsGovernance codes for Dutch pension boards to include cultural diversity
Currently, it is recommended pension funds have at least one woman and one person younger than 40 on their boards
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NewsNorway’s SWF puts Poland’s PKN Orlen on watch list due to press freedom worry
Council on Ethics says risk of political interference particularly serious in connection with elections
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NewsInvestors should pay more attention to people, says Federated Hermes
EOS will next year expand its requirement for FTSE100 companies to have at least one director from a minority ethnic group to the FTSE350
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NewsBVI slams ESMA’s draft guidelines on ESG, sustainability labels
EFAMA highlights concerns about proposed numerical threshold approach
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NewsEthos opposes Novartis’ proposal of virtual-only AGMs
The foundation is in favour instead of ‘hybrid’ AGMs
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Opinion PiecesViewpoint: Progress managing climate risk means stops as well as sprints
A climate stocktake may feel like a delay – in fact, it is crucial to making progress
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NewsISSB approves 1 January 2024 for sustainability standards in unanimous vote
The board originally planned to issue the standards before the end of last year
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NewsEU standards for ESG benchmarks could give funds ‘automatic’ pass under SFDR
Index providers will often direct clients to third-party data houses if they want more details about ESG
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NewsUK pension schemes look for long-term lower returns, survey finds
As a result of the Gilt crisis, almost half of respondents said they would be reviewing the operational aspects of their investment strategy
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NewsBorder to Coast calls on oil companies, banks for greater climate action
The pool will vote against the chair of the board of oil companies that fail to meet one of the first four indicators of the Climate Action 100+ benchmark
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NewsThe fight over SFDR’s role as a sustainability label
‘In the absence of an EU-wide labelling regime for ESG funds, some managers have also used Articles 8 and 9 as proxy labels for communication purposes,’ ESMA says
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NewsISSB to issue first reporting standards by July
The first sustainability reporting under the new standards will emerge early 2025
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NewsPFZW sells another 78 oil and gas firms
The move is part of the Dutch healthcare scheme’s engagement programme with fossil fuel companies
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NewsFrench regulator calls for targeted SFDR review
AMF proposes the introduction of minimum environmental requirements and calls for exclusion of fossil fuel activities
