2024 policy also recommends votes against nominating committees at boards without a 40% minimum ethnic diversity and 50% gender balance.  ESG-aligned investors have been advised to vote against company boards that seek to challenge shareholder resolutions through the courts, as part of As You Vote 2024 Proxy Vote Guidelines.  The new policy comes in reaction to ExxonMobil’s unusual move this…

Leaders are emerging from the pack, but benchmark study suggests schemes continue to lag behind on transition progress.  Canadian pension funds have been challenged to raise their climate ambition to keep pace with international counterparts, having made limited progress over the last 12 months.   “We can’t solve the climate crisis without Canada’s largest asset owners and managers getting involved,” said…

Leaders are emerging from the pack, but a benchmark study suggests schemes continue to lag behind on transition progress.  Canadian pension funds have been challenged to raise their climate ambition to keep pace with international counterparts, having made limited progress over the last 12 months.   “We can’t solve the climate crisis without Canada’s largest asset owners and managers getting involved,”…

The SEC today paused implementation of the climate rules the agency rolled out less than one month ago, in the face of significant legal challenges in numerous federal lawsuits.  The rules would impose substantial disclosure mandates on companies, including concerning the costs of extreme weather events, corporate strategies for addressing climate change, corporate governance procedures and, for many companies, greenhouse gas emissions….

A selection of the major stories impacting ESG investors, in five easy pieces.  In the two weeks since our last blog, concepts of leadership on climate and sustainable investing have been further reshaped. Green kingdom – Late last week, Saudi Arabia unveiled its Green Financing Framework, which seeks to attract funding for a range of sustainable investment opportunities, aligned with…

Justine Leigh-Bell, Executive Director at Anthropocene Fixed Income Institute, surveys the sustainability-linked bond market and outlines steps to widen the investor base. Sustainability-linked bonds (SLBs), which first emerged in late 2019, have seen a ramp-up in adoption, as more corporates and sovereigns set ambitious commitments to transition towards net zero carbon emissions. The market has grown to US$279 billion, totalling…