Can the European Union stamp out greenwashing? As of Wednesday, fund managers who market environmental, social, and governance (ESG) financial products will face regulations that force them to show exactly how they meet those standards.
MOREProposal generates more than 200 comment letters Nasdaq has responded to the many comments on its board diversity proposal, including making some tweaks to the plan. Nasdaq in December filed a proposal with the SEC to adopt new listing rules that would require companies to have – or explain why they do not have – at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an under-represented minority or LGBTQ+. Listed companies would also have to disclose diversity statistics regarding their board.
MOREThe SFDR is part of the European Commission’s package of reforms to implement its sustainable finance strategy. The strategy focuses on three areas:
MORELarge companies will have to disclose ESG information from 2025. This will expand to all KOSPI-listed companies from 2030.
MORECorporate misconduct has hit stock market liquidity and valuations, discouraging listings
MOREWith more market players taking into consideration the environmental and social impact of their investment decisions, Tokyo Stock Exchange Inc. and its parent company made available a handbook to assist listed firms identify, track and disclose their ethical credentials.
MOREDiscussions around climate disclosure requirements for businesses are accelerating due to the immense environmental, social, and corporate governance pressures on companies from institutional investors and consumers encouraging regulators to provide guidelines.
MORERishi Sunak says disclosures will be mandatory within five years as part of net-zero plans
MOREThe New York State Department of Financial Services is calling on financial institutions it supervises to begin taking account of the financial risks posed by increasingly frequent and severe climate events.
MOREWhen it comes to executive compensation issues at the corporations in CalPERS' portfolio, pension fund officials have made corporate board member actions personal.
MOREHundreds of California-based corporations must have directors from racial or sexual minorities on their boards under a first-in-the-nation bill signed Wednesday by Gov. Gavin Newsom.
MOREAlecta, a Swedish pension fund with about $110 billion under management, wants to take active investing to a new level to force the companies it owns to be more ethical.
MOREIn addition to launching the “Corporate Governance 3.0 – Sustainable Development Roadmap” on August 25 earlier this year, the Financial Supervisory Commission (FSC) is currently developing a roadmap for the capital market, in response to capital market developments and the three main trends of ESG, digital technologies, and an aging society.
MOREThe Global Investors for Sustainable Development Alliance (GISD) is calling for specific actions to fund the SDGs by aligning and renewing both public and private sector collaborative efforts. The Alliance’s report proposes 64 recommendations to harmonize and scale SDG financing and investment, with particular attention to the European Union (EU).
MORETaiwan Depository & Clearing Corporation (TDCC), the central securities depository of Taiwan, today launched a new solution, Taiwan ESG Dashboard, to help issuers and investors access ESG ratings of Taiwanese companies.
MORENew analysis of global reporting frameworks and requirements for corporate sustainability has found that environmental, social and governance (ESG) disclosure is becoming a crucial aspect of corporate transparency.
MORENorway’s oil fund is calling on the European Commission to harmonise the approach to supply chain due diligence in Europe as part of a planned renewed sustainable finance strategy.
MOREMoney managers and other financial services firms should work with portfolio companies to help improve climate-related disclosures, according to a regulator-backed guide published Monday.
MOREKaley Childs Karaffa says boards should consider embedding ESG into corporate strategy in wake of pandemic
MOREGovernance expert Aniel Mahabier discusses pay and performance at the FTSE 100, and growing investor pushback against “overboarding”
MORE