Governance and stewardship news

he UK’s Department for Work and Pensions (DWP) has set out plans for reporting requirements and climate risk assessment for pension schemes. This comes as the TCFD launches its own consultation to determine the future of its reporting standards.

In the wake of major events affecting oil companies in recent weeks, we look at the market reaction and the longer-term implications.

The Securities and Exchange Commission (SEC) has begun the process of reversing rule changes brought in under the Trump administration.

There is no doubt that the proliferation of ESG investing has coincided with the raised profile of social and environmental sustainability, exacerbated or highlighted by the COVID-19 pandemic.

Despite high-levels of commitment, companies are behind on reporting the composition of their workforce and demonstrating diversity.

ExxonMobil and Royal Dutch Shell face significant change after victories for climate activists this week.

CFA Institute has published draft voluntary standards for ESG disclosures for investment managers.

US President Joe Biden has issued an executive order calling for federal agencies and financial regulators to “address the serious threat that the climate crisis poses” to the country’s economy.

Transparency in reporting on social issues is a powerful way for businesses to build trust, create accountability, show leadership, and move the dial on seemingly indelible industry-wide issues. It is also a key factor for ESG investors who want to show alignment with increasingly stringent ESG regulations.