Corporate governance – Page 5
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News
Market-led narrative on climate action has hit ‘fundamental limits’
LSE researchers warn asset owners must reset climate strategies around policy, mandates and practical levers for real-world transition
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NewsPRI data shows asset owners tighten RI oversight of managers
Data by Principles for Responsible Investment shows asset owners are increasing scrutiny of managers and deepening RI implementation efforts
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NewsInvestors seek support for pressure on Shell climate disclosure
Major pension funds representing over €1trn in assets are pressuring Shell ahead of its AGM, following BP’s shareholder revolt over similar climate disclosure demands
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NewsInvestor groups split over future of Shareholder Rights Directive
Debate intensifies over EU shareholder rules, with conflicting views on stewardship, proxy advisers and disclosure
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NewsUK SDR label imbalance could curb pension scheme use, FCA acknowledges
The UK regulator says it is committed to working with the industry to understand why more fixed income managers or funds are not seeking a label
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NewsNBIM tells Brussels Europe’s shareholder voting chain is not working
Norway’s SWF manager laments ‘fragmented system that undermines effective shareholder voting’ and makes it harder to support companies
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NewsEU parliament outlines initial thinking on SFDR overhaul
Draft report shows broad support for the European Commission’s plan to turn SFDR into a labelling regime
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NewsBorder to Coast tightens definition of engagement
At IPE’s recent Transition conference, Colin Baines said new definition requires a ‘point of difference’ with a company and an effort to ‘either change behaviour or secure new disclosures’
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NewsPFA urges strong oversight of defence as sector gains ground in portfolios
ESG investing in defence is about robust frameworks rather than ‘pretending defence is a clean industry’, says PFA investment officer
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NewsInvestors request regulatory review of HSBC, PwC over climate accounting
AkademikerPension, NEST and Merseyside Pension Fund have asked the UK’s Financial Reporting Council to investigate the firms over their account of climate risks
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NewsBASF faces investor challenge over climate lobbying ahead of AGM
Investors challenge BASF over climate lobbying, urging alignment with EU carbon pricing and net-zero goals
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NewsShareholder revolt at BP AGM over climate and governance
Early reports suggest investors have voted against management on two key proposals
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NewsISSB decides against standalone standard for nature disclosures
Instead, it will employ a ‘practice statement’ to explain how companies can provide nature-related disclosures in accordance with existing standards
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NewsDanish supervisor calls out Velliv over SFDR disclosures
Finanstilsynet claims Velliv didn’t disclose likely impacts of sustainability-related risks on returns of financial products that it had designated as ‘Article 8’
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News
CIOs must step up responsible investment efforts, say major asset owners
Members of the asset-owner project on the future of responsible investment include Allianz, Universities Superannuation Scheme and Denmark’s PKA
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NewsEFRAG raises concerns over industry-driven metrics in sustainability standards
EFRAG warns ISSB’s reliance on SASB metrics risks confusion, complexity and weak interoperability across frameworks
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NewsLegal battle over transparency of Swiss public pension funds escalates
Court cases in Vaud test whether Swiss public pension funds must disclose investment allocations publicly
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NewsNearly half of European assets now run by US managers
‘Europe is quietly losing control over how its capital is allocated’, warn observers
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NewsBorder to Coast and Railpen announce plans to vote against BP
UK pension investors flag concerns about transparency and governance at the oil and gas major BP
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NewsNorway’s SWF says all companies should add staff ownership schemes
Nicolai Tangen says share ownership plans ‘not about corporate social responsibility’ but ‘making good long-term financial decisions’
