Modern slavery is a significant business risk, but many companies are still failing to properly account for it. Although UK law requires companies of a certain size – those with more than £36 million ($46 million) in global turnover – to produce yearly slavery and human trafficking statements, investors say that firms often fall short. They are therefore taking things…
EU Commission Asks EFRAG to Fast-track Development of Simplified CSRD Sustainability Reporting Standards
The European Commission has tasked the European Financial Reporting Advisory Group (EFRAG) with supporting its plan to significantly simplify the reporting requirements under the Corporate Sustainability Reporting Directive (CSRD), with a request to develop technical advice underlying the CSRD’s European Sustainability Reporting Standards (ESRS), and setting a timeline of only seven months, with a deadline for the new advice of…
Introducing BSI PAS 7342 – the new sustainable fund standard
Written by Julia Dreblow, founder, SRI Services and Fund EcoMarket I’m going to guess that you may not have heard of the British Standards Institution’s (BSI) PAS 7342, the new British standard specification for retail sustainable investment funds. This newly published, publicly available document is a project I became involved in around six years ago while stressing about the direction…
Fidelity International head of stewardship announces departure
Fidelity International’s head of stewardship in Europe, Emilie Goodall, has announced she will leave the role to pursue new opportunities. In a post on LinkedIn announcing her departure, Goodall said she was thankful to have had “a front-row seat” to the rapid transitions the industry is navigating. “Sustainability terminology debates aside, the underlying day-to-day practice of stewardship is transforming, and…
L&G Launches $235 Million Emerging Markets Nature Conservation and Sustainable Development Strategy
UK financial services group Legal and General (L&G) announced the launch of its new Nature and Social Outcomes strategy, with a commitment of $235 million (£183 million) aimed at supporting conservation and sustainable development projects in emerging markets (EMs). The new strategy, the firm said, will deploy capital through projects that will provide strong commercial returns, along with positive environmental…