Insights for Institutional Investors I Minerva Blog

Republican-led FSC proposes ESG crackdown legislation

4 August 2023

The Republican-led US congressional Financial Services Committee (FSC) has proposed a series of bills that are designed to limit the impact of ESG initiatives.

Australian regulator files greenwashing lawsuit against Vanguard

1 August 2023

The Australian Securities & Investments Commission (ASIC) has filed a lawsuit against Vanguard’s Australian entity for not applying appropriate ESG filters on some of its supposedly ethical funds.

FRC applauds new reporting requirements

26 July 2023

The Financial Reporting Council (FRC) has welcomed the UK government’s draft statutory instrument on corporate reporting, which introduces new requirements for companies.

Investors Agenda overhauls ICAP Expectations Ladder

25 July 2023

Sustainability advocacy group Investors Agenda has updated its Investor Climate Action Plans (ICAP) Expectation Ladder, with new measures including deforestation actions.

UK asset managers U-turn on climate at oil firms’ AGMs

24 July 2023

Some of the biggest UK asset managers have withdrawn their support for a shareholder resolution to cut carbon emissions.

FCA delays SDR for second time

24 July 2023

The Financial Conduct Authority (FCA) has delayed publishing its final Sustainability Disclosure Requirements (SDR) until Q4 2023.

Republican-led FSC attempts to crack down on ESG

20 July 2023

The US congressional Financial Services Committee has begun investigating the rules that govern proxy voting, the processes through which activists apply pressure to public companies to adopt ESG goals.

Kenyan workers’ case to be heard in Scotland

14 July 2023

A Scottish court has ruled that it will allow a case brought by Kenyan farm workers against a major global tea firm to be heard in Scotland.

€2.1tn investor coalition forms to tackle digital harm

14 July 2023

A coalition of investment firms representing €2.1tn in AUM has launched to tackle digital harm, focusing on the largest companies in the media, Internet and gaming sectors.

TPR launches first trustee diversity survey

11 July 2023

The Pension Regulator (TPR) is calling on trustees to take part in its first diversity and inclusion survey, to build a clearer picture of the make up of UK boards.

ICGN calls for further changes to European Sustainability Reporting Standards

7 July 2023

The International Corporate Governance Network (ICGN) has called on the European Sustainability Reporting Standards (ESRS) to provide more support for investors to help them meet disclosure requirements.

US banking regulation bill gains bipartisan support

27 June 2023

Democrat senate banking chair Sherrod Brown has gained a rare level of bipartisan support for a bill designed to bring heavier regulation to the US banking sector.

UK proposes anti-boycott bill

26 June 2023

The UK government’s proposed legislation aimed at preventing local councils from imposing boycotts on Israeli goods is an attack on freedom of expression, according to civil society groups.

EFRAG calls for financial advisory panel members

26 June 2023

The European Financial Reporting Advisory Group (EFRAG) is seeking candidates for three advisory bodies to help develop sustainability reporting standards for the financial sector.

EU eases sustainability reporting rules

20 June 2023

The European Commission has introduced a series of proposed changes aimed at easing the burden on companies falling under the newly-widened remit of the European Sustainability Reporting Standards (ESRS).

FRC report highlights proxy research debate

19 June 2023

The Financial Reporting Council (FRC) has recently published an insightful analysis of the ESG ratings and proxy research market.

Governance and stewardship news

Wise faces shareholder lawsuit soon after controversial US shift