Governance and stewardship news

Financial institutions including banks and insurers will be required to publish climate disclosures aligned with the TCFD framework.

Following the Russian invasion of Ukraine, there have been reported sightings of Russian thermobaric rocket launchers.

UN Secretary-General António Guterres has launched an ‘Expert Group’ to ensure businesses, investors and other non-state entities keep up the pace and fulfil their net-zero emissions pledges.

The Netherlands is currently consulting on changes to its corporate governance code, including plans to better integrate ESG factors.

German environment and human rights NGO Urgewald and the Russian environment NGO Ecodefense have called on foreign companies to halt their coal, oil and gas production in Russia

The Platform on Sustainable Finance, an expert group of the European Commission, has proposed a significant expansion of the EU’s Taxonomy for sustainable finance.

The ISSB has launched a consultation on two proposed standards that will eventually form a “global baseline” of sustainability disclosures.

New rules requiring US-listed companies to disclose various climate-related risks have been proposed by the country’s financial regulator.

The IFRS Foundation and the Global Reporting Initiative (GRI) have signed an agreement to align their sustainability disclosure and reporting standards.

A total of 16 US and Canadian firms have adopted the CFA Institute’s DEI Code just a month after its launch.

The Climate Bonds Initiative report has found evidence to support the green bonds, showing strong performance.

TNFD, the Taskforce on Nature-related Financial Disclosures, has launched a beta version of its nature-related risk-management and disclosure framework, in what it called “an important step” by the market to enable organisations to report and act on evolving nature-related risks.

Pension funds and asset owners around the world are taking steps to reduce or divest their holdings in Russian securities.

The US financial regulator is considering new rules for investment funds marketing themselves as environmental, social and governance (ESG) themed.

A group of 6 NGOs have called for higher standards for sustainable investment funds under the EU's SFDR articles 8 & 9.

The Investor Alliance for Human Rights has cautioned that “significant gaps” remain in the European Commission’s (EC’s) proposal for a directive on corporate sustainability due diligence.