Financials
March 20, 2023
BoE to assess changes for capital frameworks on climate risk
The Bank of England will carry out more work on climate change and regulatory capital frameworks for banks and insurers. The Bank of England is...
read more
March 16, 2023
Banks account for greenwashing risk as scrutiny ramps up
With increasing fines and regulation against the overstatement of sustainability credentials, the financial sector is – finally – taking greenwashing seriously. From fines issued to...
read more
March 15, 2023
‘Not the role of BlackRock’ to engineer climate transition, Fink says
BlackRock chief executive Larry Fink says it is for governments, technology and consumers to set the pace of decarbonisation. The world’s largest asset manager will...
read more
March 15, 2023
Credit Suisse climate strategy ‘not fit for purpose’, ShareAction says
The campaigning group has called on Credit Suisse investors to vote against the bank’s climate strategy at its upcoming annual meeting. Credit Suisse is asking...
read more
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...
read more
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...
read more
Continue reading
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 have anti-fossil fuel policies, but...
Read more
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 launched legal proceedings against corporate...
Read more
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 up in the UK to...
Read more
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 of the asset managers surveyed...
Read more
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...
Read more