Governance and stewardship news

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.

A shareholder advocacy group has filed a resolution with the Royal Bank of Canada (RBC) regarding the bank’s use of sustainability-linked debt.

A report published by the UN’s Intergovernmental Panel on Climate Change (IPCC) has outlined the “dangerous and widespread disruption” caused by human-induced climate change and warned about the “consequences of inaction”.

The Pensions Regulator (TPR) has issued guidelines to UK schemes in response to the conflict in Ukraine, which has led to investment market volatility.

UK pension funds will focus on climate change issues and corporate compliance with the Task Force on Climate-related Financial Disclosures (TCFD) in the 2022 proxy voting season.

The European Court of Auditors has warned investors are still at risk from incurring “undue costs" as a true single market remains elusive.