Corporate governance – Page 14
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NewsTransition Plan Taskforce unveils final climate transition guidance
There are now almost 50 taxonomies under development globally
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NewsEIOPA lays down strategic priorities for 2024
The Authority identified six strategic activity areas: sustainable finance, digital transformation, supervision, policy, risks to financial stability, and governance
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NewsRailpen sustainable ownership review shows members top concerns
Railpen’s sustainable ownership review showed fair treatment of workers, climate change and fair pay as top concerns for members
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NewsPRI set to launch collaborative stewardship initiative on nature
The first set of supporters will be announced in early 2024
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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
