Remove 2022 Remove Greenwashing Remove Stewardship Code
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New Climate Rules and Guidance for UK Pensions

Chris Hall

PLSA) digital ESG Conference 2022. These new requirements are part of a bigger push right across the economy for new standards on environmental reporting to weed out greenwashing and support our transition to a net zero financial system – for example, through our new Sustainability Disclosure Requirements ,” she said.

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An Increasing Sense of Urgency

Chris Hall

The pace has quickened further in 2022 in response to then Prime Minister Yoshihide Suga’s April 2021 announcement that by 2030 the country’s emissions would reduce by 46% relative to 2013 levels. Adequate disclosure is critical if the ESG funds are to avoid “being ridiculed as “greenwashing”, it said. C pathway.

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Responsible Stewardship: Quality, not Quantity

Chris Hall

As part of investors’ stewardship practices, engagement can, if well-executed, lead to positive results across the axes of risk, return and impact. Engagement to reduce risks: In a recent study by Hoepner et al (2022) , the authors analysed whether ESG engagements result in subsequent reductions in downside risk at portfolio firms.

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Overcoming the Challenges of Measuring Social Performance

Chris Hall

Scanning across to the Financial Reporting Council’s UK Stewardship Code, the 2020 Code represents a mature governance regime for UK-listed businesses. It has its origins in 1992’s Cadbury report and code, which covers the financial aspects of corporate governance.

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Take Five: Engaged on Stewardship

Chris Hall

The activist has argued it should follow the example of BHP, which switched to a primary listing in Sydney in 2022, but Rio this week advised shareholders to reject the proposed move. Rival Rio Tinto has also been mulling a move , launching a review of its listing options under pressure from Palliser Capital.

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Keeping Up with the Neighbours 

Chris Hall

A person close to the Australian Treasury understands that the ‘Finance Agenda’ consultation is likely to include disclosures, taxonomy, transition planning and greenwashing, including financial product labelling. Parker from RIAA welcomes the potential for a product labelling system in Australia.