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Proxy Advisory Firm ISS Removes DEI Factors from Voting Recommendations for U.S. Boards

Proxy Advisory Firm ISS Removes DEI Factors from Voting Recommendations for U.S. Boards

Proxy advisory firm Institutional Shareholder Services (ISS) announced that it will no longer include diversity considerations such as gender and race in its voting recommendations for boards of directors in the U.S., in light of the increased political scrutiny on Diversity, Equity and Inclusion (DEI)-related practices. The move by ISS forms part of a series of major adjustments being made…

Macquarie Exits the Net Zero Banking Alliance

Macquarie Exits the Net Zero Banking Alliance

Australia-based financial services group Macquarie announced that it has decided to leave the Net-Zero Banking Alliance (NZBA), expanding what had been a primarily North America-focused series of exits from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities. While Macquarie did not explicitly state reasons for its departure from the net zero group,…

Mining 2030 Extends Engagement on Workplans

Investor-led initiative aims to unveil draft plans for consultation at OECD event in May, with conflict and benefit sharing taking centre stage. The Global Investor Commission on Mining 2030 has used the recent annual Mining Indaba conference to sound out feedback beyond investors and companies for its upcoming workplans for seven objectives. The collaborative investor-led initiative released its landscape report…

Brazilian National Council of Justice Recommends Parameters for Quantifying the Climate Impact of Environmental Damages

Brazilian National Council of Justice Recommends Parameters for Quantifying the Climate Impact of Environmental Damages

The Brazilian National Council of Justice (CNJ) has recently issued Recommendation No. 156/2024, advising all branches of the Brazilian Judiciary and judges to adopt the second scope of the CNJ’s Protocol for Judging Environmental Lawsuits (Protocol). This second scope provides guidelines for quantifying the impact of environmental damages on climate change. In 2023, the CNJ published the first scope of…

Liontrust launches charitable foundation promoting social mobility and conservation

Liontrust Asset Management has launched the Liontrust Foundation, aiming to promote social mobility, entrepreneurship, conservation and nature recovery. The board of trustees of the Foundation has selected an initial three charities with which to partner across these objectives, with a key focus on supporting underserved communities and initiatives committed to diversity, equity and inclusion (DEI). To promote social mobility and entrepreneurship,…

Demand to Drive US Energy Transition

Despite Trump’s less-than-supportive stance, unforeseen sustainable investment opportunities may thrive during his tenure. As he began his second mandate as US President, Donald Trump was quick off the mark to sign a flurry of executive orders (EOs) – 180, by some counts. Covering a broad range of subjects including migration, healthcare, geopolitics, gender or AI, the EOs also tackle climate…

Tax transparency increasing but lacks depth of disclosure

Reporting on tax as a sustainability topic by major multinational companies is a growing trend, however, comprehensive disclosure is patchy, according to research from the Global Reporting Initiative (GRI) with support from Deloitte Netherlands. The report In-depth analysis of reporting trends using the GRI Tax Standard is based on initial research that found a quarter of the 1,000 largest companies in the…

Time to raise the bar on voting

The recent votes at six investment trusts on the radical proposals from Saba Capital have highlighted just how vital it is for shareholders to stand up and be counted when it comes to deciding their trust’s future.   So far, we have seen record numbers of retail investors turning out to vote in these ballots, with an overwhelming majority in…

SEC acting chair questions ‘deeply flawed’ climate disclosure rules

The acting chair of the US Securities and Exchange Commission, Mark T. Uyeda, has openly questioned plans to adopt the Enhancement and Standardization of Climate-Related Disclosures for Investors rule, stating “it is deeply flawed and could inflict significant harm on the capital markets and our economy”. Uyeda said the “recent change in the composition of the Commission, and the recent…

Ecologi Acquires Carbon Measurement Solution Provider Net Zero Now

Ecologi Acquires Carbon Measurement Solution Provider Net Zero Now

UK-based Climate solutions-focused platform Ecologi announced the acquisition of carbon measurement and reduction platform Net Zero Now. Terms of the deal were not disclosed. Ecologi said that the new combined entity will create a tailored and complete solution helping businesses lead their industries towards net zero, bringing together sector-specific carbon measurement and reduction capabilities with access to climate projects and…