The First Civil Senate of the German Federal Court of Justice, which is in charge of competition law, has ruled that advertising with an ambiguous environmental term (here: “climate neutral”) is generally only lawful if the specific meaning of the relevant term is explained in the advertising itself. Judgment of June 27, 2024 – I ZR 98/23 The Center for…
BNP Paribas AM to Require Portfolio Companies to Integrate Climate into Executive Compensation
BNP Paribas Asset Management (BNPP AM) announced today a set of new expectations for companies as part of its 2024 Governance and Voting Policy, including a new requirement for companies to integrate climate-related criteria into executive compensation plans. The new policies were announced with the release of BNPP AM’s 2024 Annual General Meeting (AGM) season voting record. The firm revealed…
Guest Post: Without More Effective Data Solutions, the Climate Crisis Cannot be Solved
By: Matthieu Maurin, CEO, Iceberg Data Lab The corporate world is under increasing pressure to manage its carbon emissions and reduce its environmental impact. From agriculture to oil and gas, to transport, carbon emissions are damaging the air we breathe, the food we eat and the water we drink. For several years, experts have been warning us of the devastating…
Switzerland Proposes Major Expansion in Sustainability Reporting Requirements for Companies
The Swiss government announced the launch of a consultation on new proposals aimed at aligning its sustainability-related corporate governance rules with international systems, particularly the EU’s CSRD, including a proposal to expand sustainability reporting requirements for companies, and to significantly expand the number of companies covered by the mandatory reporting requirements. The new Swiss Federal Council proposals follow the launch…