ShareAction and several investors are pushing for the real living wage on the shop floor this proxy season. The UK retail sector has been subject to increased scrutiny on fair pay, as challenges brought by responsible investment charity ShareAction and its Good Work Coalition against companies at their annual general meetings (AGMs) evidenced last week. ShareAction and investor members of…
Nuveen Raises $200 Million for Private Equity Impact Strategy
Investment manager Nuveen announced that it has raised commitments of approximately $200 million at the first close of its second global climate inclusion private equity strategy, aimed at investing in solutions addressing sustainable development challenges including climate change and inequality. Nuveen’s second climate inclusion strategy will build on the firm’s first private equity impact strategy, launched in 2021. The initial…
Guest Post – Decarbonising Metals: Pressing Issues Persist but Financial Strength Mitigates Credit Risk
Steel and aluminium producers are among the largest carbon emitters globally. While they are well positioned to meet decarbonisation targets for this decade, technological uncertainty, costs and regulatory pressure means the longer-term outlook remains uncertain. Terry Ellis, Director, Climate Transition Risk, and Alexander Griaznov, Director, Corporate Ratings at S&P Global Ratings, explore The metals sector has attracted significant attention for…
ESMA Calls on Companies to Get Data Systems in Place to Meet New CSRD Sustainability Reporting Requirements
EU markets regulator the European Securities and Markets Authority (ESMA) announced the issuance a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS), aimed at helping companies prepare for new sustainability reporting and supervisory requirements under the EU’s Corporate Sustainability Reporting Directive (CSRD), with the first reports set to begin next year. The CSRD is a…
ESG Today: Week in Review
This week in ESG news: LEGO sets new sustainability requirements for suppliers; Moody’s adopts MSCI ESG ratings; Accenture survey finds less than a quarter of CFOs ready for new climate reporting requirements; Fidelity International unveils new sustainable investing framework to align with new regulations; Google asks large suppliers for clean energy commitments to address rising Scope 3 emissions; SBTi CEO…
ESG Book Appoints Justin Fitzpatrick as CEO
Sustainability data and technology company ESG Book announced today the appointment of business software and fintech veteran Justin Fitzpatrick as its new CEO. ESG Book, formerly Arabesque S-Ray, is a digital platform for ESG data management, disclosure, and analytics. The company was established in 2018 and incubated as a subsidiary of Arabesque Group, a group of financial technology companies offering…