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“The third pillar deals with how to develop stewardship guidelines and implement them, with the fourth pillar focusing on financial and non-financial reporting and how to report that information to stakeholders, as well as covering practical issues such as greenwashing.
In 2020, the FSA tightened the StewardshipCode to redefine responsibilities and explicitly instruct institutional investors “to consider sustainability (medium- to long-term sustainability including ESG factors) according to their investment management strategies in the course of their constructive engagement with investee companies”.
New Zealand’s Minister for Climate Change James Shaw tells ESG Investor that Australia and New Zealand have a uniquely close relationship. “2023 is the 40 th anniversary of Closer Economic Relations,” Shaw says. “By Last month, the two countries signed an agreement to tackle climate change collaboratively alongside other Pacific countries.
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