Tag: climate change
News round-up: this week in governance
COP27 call for climate change transition plans; putting purpose at the heart of business; a disappointing take on diversity Down Under.
OECD governance code review falls short of expectations
Commentators point out that efforts to bring the code up to date lack sufficient focus on stakeholders and sustainability.
Number of ‘ESG-engaged’ directors rises steeply
This year’s Sustainability Board Report also reveals that many more large companies now have an ESG committee.
News round-up: this week in governance
Surveillance of home workers; Davos in Saudi Arabia; German ‘impact investors’; VW challenged on climate; HSBC’s ‘misleading’ adverts.
Investors call for sustainability standards to take in ‘double materiality’
Asset managers want the ISSB to include proposals for companies to report their impact on the environment.
TCFD publishes its 2022 status report
Since the TCFD published its recommendations in 2017, many more companies have risen to the challenge. But ‘urgent progress’ is still needed.
News round-up: this week in governance
Decarbonising ‘brown’ industries; funds pulled from BlackRock; the legitimacy of dual class shares; investors slow to address sustainability.
Experts clash over ESG investment ‘agenda’
US professor slates PRI for ‘undue influence’ on the financial markets, while PRI maintains the need to inform investors on ESG.
Greenwashing: are directors ultimately liable?
Directors who pay lip service to climate-related risks may be exposed to breach of duty claims for failing to protect firms’ interests.
FRC publishes advice on reporting on net zero commitments
The FRC Lab’s report contains practical recommendations on meeting investor expectations about net zero disclosures in financial reports.