SEC.gov | Sample Letter to Companies Regarding Climate Change Disclosures

The Commission has stated that a number of its disclosure rules may require disclosure related to climate change.[2]  For example and depending on the particular facts and circumstances, information related to climate change-related risks and opportunities may be required in disclosures related to a company’s description of business, legal proceedings, risk factors, and management’s discussion…

Short supply of green assets ‘may create bubble’ | Business | The Times

A shortage of suitable environmentally friendly assets for pension schemes to invest in could contribute to a “green asset bubble”, MPs have warned. The Commons’ work and pensions select committee said that pension schemes had the potential to help economies to cut emissions, but warned that there were only a limited number of suitable assets…

Agenda – Large Investors Target ESG Skeptics on Boards

The mechanisms for holding individual directors, board committees and entire boards accountable for insufficient oversight on environmental, social and governance issues are expanding, and large investors are planning 2022 proxy season votes in advance with ESG in mind. At the Diligent Modern Governance virtual conference this week, stewardship executives from BlackRock and T. Rowe Price…

S&P Global raises concerns over greenwashing | Corporate Secretary

Global reporting standardization could help mitigate investor concerns about ESG greenwashing in relation to green bonds, according to S&P Global.  The financial information provider believes sustainable bond issuance, including green, social, sustainability and sustainability-linked bonds, could collectively exceed $1 tn in 2021, a near 500 percent increase on 2018 figures.  Despite this growth, a lack…

Agenda – Director Support Sinks on ESG Concerns

Directors saw lower reelection support this year during a proxy season in which investors showed unprecedented focus on environmental, social and governance issues. More directors received less than 70% support during this year’s proxy season compared to last year’s, according to data provided to Agenda by the Conference Board and AI analytics firm Esgauge. Similarly,…

The Economic Rationale to Invest in Nature

The World Bank supports investment in “nature” with a series of supporting research linked to in the report. Our biodiverse planet is threatened by an unprecedented transformation and exploitation of terrestrial and marine ecosystems – caused mostly by human activities. The upcoming 15th Conference of Parties (COP-15) of the Convention on Biological Diversity, offers an opportunity…

UN steps up corporate human rights expectations – Minerva-Manifest

The names of some banks and investment funds have been included in an internationally recognised document compiled to help clamp down on private-sector human rights abuses.   A just-released third draft of the United Nations (UN) Binding Treaty on Business and Human Rights is being negotiated by the open-ended intergovernmental working group (OEIGWG) under the…

The US gets up to speed with ESG

It has taken a long time – too long perhaps for some – but the US is finally getting up to speed with all things environmental, social and governance (ESG). In fact it could be argued that developments in play at the moment could put the country at the forefront of ESG globally. All of…