Financials

Larry Fink_BlackRock CEO
Capital Flows, Financials, Sector Focus
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...
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Credit Suisse logo, London
Capital Flows, Financials
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...
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Vanguard logo on smartphone
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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Break during board meeting
EU, Financials, Policy & Regulation, UK
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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US CAPITOL HILL building
Financials, US
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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Fossil fuel extraction
Australia, Financials
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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Chinese factory workers
Financials, UK
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...
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Coral reef fish, biodiversity
Capital Flows, Financials
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...
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Polar bear on ice floe. Melting iceberg and global warming
Financials, UK
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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Financials, UK
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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