Governance and stewardship news

UK-based asset owners have warned that the Task Force on Climate-related Financial Disclosures (TCFD) portfolio alignment proposals could undermine efforts to transition to a low carbon economy.

The UK’s Financial Conduct Authority (FCA) has hit out at “poor quality” product applications for ESG funds and set out detailed guidance for fund managers.

Businesses that encourage boardroom gender diversity achieve better financial results, new research has found.

With Australian proxy season preparations now underway, the Australian federal authorities are looking to introduce a public register of companies that use the government’s JobKeeper programme. Debates around the proposed bill centre over the impact and fairness of Covid furlough support and a lack of corporate transparency over the uptake and use of wage subsidies.

It may be “some time” before directors face charges for failings on climate risks despite the introduction of new reporting rules in this area, a leading expert has said.

The use of ESG integration strategies have increased by 15.4% year on year in Japan, despite a decrease in the country’s sustainable investment balance, a Japan Sustainable Investment Forum (SIF) White Paper has found.

This week, Minerva CEO Sarah Wilson spoke to Mallowstreet Editor Sandra Wolf for a feature on the growing reporting burden facing UK pension schemes.

Japanese electronics giant Toshiba’s chairman has been ousted from his role by shareholders at the company’s AGM held on 25 June.

The UK’s pensions watchdog has launched an eight-week consultation to assist trustees in meeting stricter sustainability and governance measures.

This week marked the inaugural meeting of the Occupational Pensions Stewardship council, a new Department of Work and Pensions (DWP) initiative responding to a recent push for improved stewardship and ESG reporting.