Governance and stewardship news

Competition Bureau Canada has begun an investigation into lululemon over allegations of greenwashing.

Oklahoma Attorney General Gentner Drummond has fired the Treasurer-appointed legal counsel on the state’s anti-ESG law case.

Businesses incorporating the UN’s Sustainable Development Goals (SDGs) into their operations will see significant benefits, according to a new report.

A high-stakes shareholder fight has broken out at Germany’s fintech brokerage flatexDEGIRO AG. After a flurry of senior management changes, twenty percent shareholder, GfBk is demanding the removal of supervisory board chair Martin Kombacher at the conclusion of the virtual AGM scheduled for June 4, 2024.

The majority of CEOs are prioritising delivering on their sustainability journey but face challenges from the broader economic market.

The Council of Institutional Investors (CII) has invited members to comment on its proposal calling for dual-class companies to provide vote results on a class-by-class basis.

The Financial Conduct Authority (FCA) has predicted its Sustainability Disclosure Requirements (SDR) labels will improve consumers’ perception of the financial services industry.

Leading groups in sustainable finance have released guidance for issuers of green, social and sustainability sukuk.

The People’s Pension has released its responsible investment policy, which includes heightened expectations of its investment managers.

Aluminium, cement and steel industries are not aligned with a 1.5-degree trajectory, as set out in the Paris Agreement.

The European Parliament has voted to approve the Corporate Sustainability Due Diligence Directive (CSDDD) in another step towards the requirements being formally adopted by the European Union.

The International Sustainability Standards Board (ISSB) has commenced projects to research disclosure about risks and opportunities associated with biodiversity.

The UK’s Financial Conduct Authority (FCA) has opened a consultation to extend the Sustainability Disclosure Requirements (SDR) to include portfolio managers.

Oil giant Petrobras’ chairman Pietro Adamo Sampaio Mendes has been reinstated to his role after being suspended this week following allegations of non-compliance with the requirements of the company's bylaws.

Tesla shareholders will once again vote on Elon Musk’s record-breaking $56 billion pay package after it was voided by a judge.

The Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) are once again joining together to offer guidance for companies on corporate reporting standards.