Capital discipline could be a point of convergence for BP investors, says Nick Mazan, UK Company Strategy Lead at the Australasian Centre for Corporate Responsibility. Despite attempting to jump before he was pushed, BP’s Chair is facing an almost certain backlash from investors at this week’s AGM (17 April), with investors concerned about the regression in the company’s climate strategy…
SEC Approves Launch of U.S.’ First Sustainability-Focused Stock Exchange
The Green Impact Exchange (GIX) announced that the U.S. Securities and Exchange Commission (SEC) has approved its Form 1 application for registration as a national securities exchange, enabling the GIX to launch as the first sustainability-focused stock market in the U.S. Founded in 2022 by former NYSE executives, including CEO Daniel Labovitz, former head of regulatory policy at the NYSE,…
EU Commission Unveils Series of Changes to Reduce Compliance Burden of New Supply Chain Deforestation Law
The European Commission announced a series of measures aimed at simplifying the application of its EU Deforestation Regulation (EUDR), a new law aimed at ensuring that products imported to or exported from EU markets no longer contribute to deforestation and forest degradation globally. The EUDR was initially introduced by the EU Commission in November 2021, with measures aimed at effectively…
Net Zero Banking Alliance Drops Requirement to Align Financing with 1.5°C
The Net-Zero Banking Alliance, a UN-backed coalition of banks aimed at advancing global Paris Agreement climate goals through their financing activities, announced a series of significant changes to its framework and principles for members, including eliminating a mandatory requirement for banks to align lending and capital markets activities with the goal of limiting global warming to 1.5°C. The changes follow…