Governance and stewardship news

IOSCO calls for providers of ESG ratings and data to be subject to greater oversight and regulation in a new set of recommendations.

The European Union is preparing a "single access point" for financial and sustainability data, according to leaked documents.

The Investment Association has warned UK companies they must align executive remuneration with stakeholder experience in new recommendations.

On Monday, in a first-of-its-kind exercise, the European Central Bank (ECB) released a report in which it evaluated the progress of climate-related and environmental risk management amongst the banks it supervises.

Minerva invites you to provide feedback on the state of climate stewardship. Our survey deadline has been extended until Friday, 3rd December 2021 - get your response in now!

The Financial Conduct Authority (FCA) has published plans for climate-related disclosure rules for listed companies.

The US Securities and Exchange Commission (SEC) has approved several amendments to proxy voting rules to address concerns about the impairment of advice quality.

The corporate audit regime in the UK has long been criticised by some in the industry for lax standards and poor oversight.

A ruling by the Securities and Exchange Commission (SEC) could make it easier for investors to express views on environmental, social and governance (ESG) issues through proxy votes.

Financial institutions and world leaders pledged to curb deforestation as part of wider efforts to reduce carbon emissions and combat climate change announced at the COP26 conference in Glasgow.

The UK government has set a plan to become a leading global "net zero-aligned financial centre", with aims to establish rules and financing for ambitious climate-related projects.

As COP26 comes to a close, Minerva reports from Glasgow on the biggest takeaway for asset owners and asset managers.

As investors and companies alike prepare for the upcoming Australian AGM season, Minerva has published two new briefings covering the latest in ESG developments and crucial information for Australia-watchers.

This week at COP 26 saw a flurry of landmark achievements for greening the finance sector. The UK has delivered on its promise to make finance one of the core goals of this year's climate conference, with back-to-back announcements by governments and regulators indicating a major win for responsible investors. This follows the series of policy announcements impacting the financial services sector in the run-up to COP, such as those unveiled in the UK’s ‘green finance roadmap.’

The International Financial Reporting Standards (IFRS) Foundation has this week announced further consolidation plans between global sustainability reporting standard setters.

Investors are to begin voting against the reappointment of auditors that do not challenge companies on the impact of decarbonisation on their accounts.