Corporate governance – Page 16
-
FeaturesFX in waiting mode after lively 2022
After a long period of muted volatility, currency markets sprang back into action in 2022 as geopolitical risk and diverging monetary policy came to the fore. This year it is quieter, but markets remain rattled over the unpredictable interest rate scenarios. As a result, many market participants are waiting for a sharper picture to emerge.
-
NewsEthos lays out new net zero transition metric to engage with CO₂ emitters
The foundation plans to set up a new engagement campaign centered on the highest emitters
-
NewsBlackRock CEO blacklists ‘the word ESG’
Larry Fink’s statement is likely to cause some upheaval as the US asset management giant still runs hundreds of investment funds with an explicit ESG strategy
-
NewsLGPS climate reporting rules delayed
‘The absence of a reporting regime only adds to the already considerable pressure placed on funds from lobby groups,’ says SAB
-
NewsIndustry leaders show support for ISSB standards
The ISSB standards are a significant step forward in the development of global sustainability reporting standards
-
NewsTPR’s new general code to improve outcomes for members
The new code will introduce new pension scheme governance responsibilities
-
NewsISSB releases ‘robust’ inaugural sustainability reporting standards
The standards ‘have been designed to help companies tell their sustainability story in a robust, comparable and verifiable manner,’ says ISSB chair
-
NewsVBL faces parliamentary inquiry on investment transparency
A real estate loan for a project in Berlin has set off a parliamentary inquiry, and demands to disclose investments
-
NewsFrench regulator questions managers’ approach to ESG data providers
Plus: New biodiversity credits initiative between UK and France
-
NewsUK pensions regulator in hot seat over lax governance of LDI
The Pensions Regulator was not able to monitor whether its LDI guidance on managing risk was being followed, Work and Pensions Select Committee finds
-
Opinion PiecesViewpoint: The carbon credit conundrum – a new approach
The goal of linking verifiable carbon mitigation and nature restoration with a financial return has long been the holy grail for climate-aware investors
-
NewsFCA seeks feedback on plans to make investors explain voting decisions
Asset owners are not receiving sufficient information regarding the reason that asset managers had cast votes a particular way
-
NewsFirms think fund managers are better qualified to vote than stewardship teams
The FRC prepares to review the UK Steward Code and other regulatory tools later this year
-
NewsChurch Commissioners name new head of responsible investment
Plus: Church of England Pensions Board to vote against the re-election of National Grid directors
-
NewsBank of England calls on pensions industry for financial stability responsibility
‘Central banks cannot be a substitute for the primary obligation of LDI funds to manage their own risk,’ says BoE
-
NewsEuropean Commission proposes stricter rules for ESG ratings providers
The draft legislation requires ESG ratings providers to disclose potential conflicts of interest
-
NewsESG roundup: Impact Cubed launches Smart ESG portfolio engine
Plus: IIGCC’s bondholder climate stewardship guidance; Novata sets up private markets’ ESG benchmark collection; Rabobank blacklists Teva Pharmaceuticals
-
NewsMore clarification on fiduciary duty for pension scheme trustees needed, says UKSIF
UKSIF recommended that relevant government departments issue guidance for UK occupational pension schemes on a statutory or non-statutory basis
-
NewsUSS aims to be ‘more rigorous’ in its stewardship
New approach ‘may see us vote against reappointment of responsible directors,’ says USS chair
-
NewsLGIM grows climate engagement list by 500%, prioritises lobbying
The Climate Impact Pledge applied across LGIM’s equities and fixed income portfolios
