Financials
March 8, 2023
Investors accuse Vanguard of violating fiduciary duty over climate risk
More than 1,400 Vanguard clients have written to urge the asset manager to improve its engagement and prioritise decarbonisation in its proxy voting. Vanguard has...
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March 8, 2023
Female participation in UK finance more than 30% down since 1997
New report highlights women's persistent challenges in reaching senior positions and mirrors the findings of similar research across Europe. Analysis from the London Stock Exchange...
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March 6, 2023
Explainer: The impact of Republicans' anti-woke campaign
US Republicans are blocking legislation that would allow pension funds to consider ESG factors in their investments and are blacklisting lenders and asset managers that...
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March 2, 2023
From regulatory fines to lawsuits: The Asic vs Mercer greenwashing case
In an unprecedented move, Australia’s financial regulator has resorted to the courts to tackle allegedly misleading ESG claims. The Australian Securities and Investments Commission has...
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March 1, 2023
UK government launches social task force for pensions industry
The task force will look to identify reliable data sources to help schemes navigate “social risks and opportunities”. A new task force has been set...
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February 28, 2023
World's largest asset managers have ‘serious gaps’ in ESG policies, says ShareAction
A global study has found that most large asset managers are failing to invest “in a way that will protect climate, biodiversity and people”. Two-thirds...
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February 27, 2023
UK pensions regulator threatens fines in clampdown on schemes’ ESG disclosures
The Pensions Regulator is increasing its scrutiny of pension schemes’ compliance with ESG disclosure rules. Pension schemes will be contacted by The Pensions Regulator to confirm that the watchdog is...
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February 22, 2023
UK parliament weighs adding climate assessment to banking regulator’s duties
The Prudential Regulation Authority would be asked to consider the impact of climate change on financial stability, and review institutions’ exposure to fossil fuels, under tabled amendments to the Financial...
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