Governance and stewardship news

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.

The ICGN has raised concerns about the European Commission’s plan to improve access to financing for small and medium-sized enterprises (SMEs).

European banks are continuing to finance the expansion of oil & gas production despite making net-zero commitments.

The International Capital Market Association (ICMA) is to address usability concerns over the EU Taxonomy for sustainable activities.

The TPI has created a framework for assessing corporate decarbonisation progress across the 10 highest emitting economic sectors.

The PRI this week released a report highlighting key areas for investors to act on DEI across each of the three areas