Governance and stewardship news

A group of leading Asian institutions with $4trn under management have launched a new collaboration aiming to lead the continent's push for decarbonisation in line with the 2015 Paris Agreement.

The Council of Institutional Investors (CII) has challenged the Securities and Exchange Commission's (SEC) planned changes to shareholder proposal rules.

The Competitions and Markets Authority (CMA) has published the ‘Green Claims Code’, containing guidance principles to assist businesses in complying with consumer protection law and avoid making misleading environmental claims. A full review of misleading claims will be conducted by the CMA at the beginning of 2022.

Minerva Analytics and our strategic partners at Solactive are proud to announce we are founding members of the Net Zero Financial Service Provider Alliance (NZFSAP).

Over 70% of listed, high-polluting companies around the world failed to adequately account for climate-related risks in their financial statements last year, according to research coordinated by the Climate Accounting Project (CAP) and issued by Carbon Tracker.

Barriers to addressing human rights breaches in investment pipelines remain despite significant strides made over the past decade, a UN Working Group on Business and Human Rights report has found.

The European Financial Reporting Advisory Group (EFRAG) has outlined its proposals for EU-wide sustainability reporting standards.

The Climate Disclosure Standards Board (CDSB) has launched a consultation on guidance for biodiversity-related disclosures.

Global Principles for Sustainable Securities Lending (Global PSSL) has published its revised and updated standards for sustainable securities lending, alongside 17 opening signatories - including Minerva Analytics.

Oil and gas companies need to show a clear and urgent focus on addressing environmental, social and governance (ESG) concerns in order to continue to attract capital from investors, according to a new report from EY.

Keeping the global average temperature rise to a maximum of 1.5°C above pre-industrial levels will require an energy transformation that is "unparalleled in size and scope", according to the Transition Pathway Initiative (TPI).

One in three applicants to the UK’s Financial Reporting Council’s (FRC) Stewardship Code did not meet the required standard, owing to shortcomings in evidence and relying too heavily on policy.

An Australian investor group has called for action to align Australia's energy industry with the wider international market.

The European Financial Reporting Advisory Group (EFRAG) is seeking appointees for 11 new industry groups to assist with a review of the bloc's sustainability reporting standards.