Corporate governance – Page 22
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NewsBaFin updates guidelines on taxonomy-compliant gas and nuclear investments
The new guideline does not apply if nuclear energy and fossil gas are excluded from the pool of investments
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NewsNorway’s SWF reveals its women take home less pay
Men are over-represented in better-paid investment roles and do more overtime, Norway’s SWF explains
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NewsEngagement roundup: Fidelity International to review member communication
Plus: AllianzGI supports shareholder resolution on worker rights at Starbucks
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NewsWave of sustainability downgrades affects pension funds too
If an asset manager has downgraded a lot of funds from Article 9 to Article 8 under the SFDR, this could be an indication of greenwashing
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NewsBaFin gives go-ahead to engagement platform for asset owners, managers
Sustainable finance advisory committee to set up platform and publish taxonomy paper, while taking clear stance on ESMA’s ESG consultation
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NewsG20 finance leaders and central bankers back ISSB progress on new reporting standards
The Financial Stability Board will work with ISSB and securities regulators to prepare a report on the progress of jurisdictions and firms on climate-related financial disclosures by October 2023
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NewsCometa opposes CEO remuneration, but in favour of labour rights at AGMs
The Italian pension fund has opposed high pay, or pay not linked to ESG goals, of managers at Siemens, Deere & Co, and Compass Group
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NewsISO launches sustainable finance standard
The British Standards Institute (BSI) – developing the new guidance – has committed to embed climate science into every new or revised standard it creates
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NewsKLM pension funds demand more tax transparency from Microsoft
The Dutch airline’s three pension schemes are ready to lend support to similar drives at other firms
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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
