Governance and stewardship news

The European Commission is introducing new rules for ESG rating providers as part of a package of regulations to extend its sustainable finance framework.

The UK’s House of Lords has added an amendment to the Financial Services and Markets Bill that adds nature to the upcoming regulatory principle on net-zero emissions.

The Department of Labor’s new ESG rule does not tip the balance in favour of ESG investing, according to officials within the department.

The EU Corporate Sustainability Due Diligence Directive (CSDDD) has secured approval from the European Parliament.

The Science Based Targets Network (SBTN) has issued the first science-based targets for how companies measure and quantify their environmental impacts.

The UK’s Financial Reporting Council (FRC) is consulting on revisions to the country’s Corporate Governance Code, with comments requested by 13 September.

Following on from an INSIGHT INTO PEAK 2023 this blog will bring our focus away from the United States and look at what shareholders are valuing and proposing elsewhere in the world. Therefore, this blog's focus areas will be the United Kingdom, Europe, and the Rest of the World. The Common theme in these areas is once again heavily dominated by Sustainability as investors look to build a sustainable future and hold companies accountable for their actions.

Mining company Glencore faces increased pressure from investors seeking greater transparency on how its thermal coal production aligns with the Paris Agreement.

Japanese car giant Toyota is being urged to strengthen its reporting around climate change activities, after a proposal was successfully added to its upcoming Ordinary General Meeting.

Australia’s financial watchdog has been taking active steps to address greenwashing with 35 interventions in the space of nine months.

Lead investors engaging Shell under Climate Action 100+ have indicated their intention to support a climate resolution requiring the company to align its scope 3 emissions targets with the Paris Agreement.

An investor coalition overseeing $10trn in assets have called for urgent action from the consumer goods and grocery retail sector to address the plastic crisis.

BP is under pressure to align its Scope 3 emission reduction plans with the Paris Climate Agreement after investors backed a shareholder resolution at its AGM.