The Top 10 Benefits of B-Corp Certification in the UK In a world where sustainability is fast becoming the cornerstone of business ethics and operations, achieving B Corp certification marks a significant milestone. This globally recognized certification is not just a testament to a company’s commitment to environmental and social responsibility; it’s a powerful catalyst for transformation. Here, we delve…
Wage Theft: Guilty Executives Can Now End Up Behind Bars
Every year, employers in the U.S. steal an estimated $50 billion in wages from their workers, which makes wage theft the single largest form of illegal business activity according to the Economic Policy Institute (EPI). This egregious crime takes a variety of shapes, including some obvious ones such as paying less than minimum wage or denying overtime pay to qualified…
Pioneering Sustainable Asset Management Through ESG
Pioneering Sustainable Asset Management Through ESG The field of asset management is experiencing a paradigm shift, moving away from a sole focus on financial returns to include Environmental, Social, and Governance (ESG) considerations. ESG Pro Limited stands at the forefront of this transition, offering innovative solutions to integrate ESG standards into every stage of the asset lifecycle. The Challenges…
UAE Launches $30 Billion Climate Action Fund
Launch partners include BlackRock, TPG, Brookfield The government of the UAE at the Dubai-hosted COP28 climate conference announced the launch of ALTÉRRA, a new investment platform aimed at driving private capital towards climate investments, and on improving access to climate finance in emerging markets, with a particular focus on the Global South. Launching with a $30 billion commitment from the…
Consistency Key to Achieving GBF Goals – FfB
New framework outlines targets for institutional investors to take decisive action on nature risks and impacts. A new framework developed by the Finance for Biodiversity (FfB) Foundation aims to promote consistency among asset owners and managers in their approach to supporting the goals of the Kunming-Montreal Global Biodiversity Framework (GBF). “This is a milestone initiative under the FfB…
Customer Service Policy and Complaint Mechanism
Customer Service Policy and Complaint Mechanism 1. Introduction At ESG Pro, we are committed to providing exceptional service and products. We believe in the value of feedback, both positive and negative, as it helps us to improve and evolve. Our customer service policy and complaint mechanism is designed to ensure that all feedback is handled efficiently and effectively. 2. Avenues…
Do – and Should – Asset Managers Care About the ‘S’ in ESG? – Part 3
Dr Anthony Kirby, Head of Regulation and Risk for Asset Management and Capital Markets in Europe at EY, says the materiality of social issues to enterprise value will drive deeper integration. The first part of this article considered key social themes influencing investors and regulators – human and worker rights, diversity and inclusion, health and safety among them – while…
Pension Funds Voice Concerns on Erosion of Shareholder Rights
Investor Coalition for Equal Votes finds financial disadvantage in dual-class shares, as regulation on shareholder rights mooted at London conference. A US$2.5 trillion pension fund coalition has called for the phase out of unequal voting rights for shareholders at companies, as concerns were raised at this week’s Pensions and Lifetime Savings Association (PLSA) ESG conference on the level of influence…
UK Sustainability Disclosure Framework – FCA publishes final rules on Sustainability Disclosure Requirements and investment labels
On 28 November 2023, the UK’s Financial Conduct Authority (“FCA“) published its “Sustainability Disclosure Requirements (“SDR“) and investment labels” policy statement (PS23/16) (the “Policy Statement“). The Policy Statement introduces a set of new rules aimed at tackling greenwashing, including investment product sustainability labels and restrictions on how terms like “ESG”, “green” and “sustainable” can be used. Continue reading at Mayerbrown.com….
Piani to Use CA100+ Role to Turn “Ambitions to Action”
The investor-led initiative has appointed six new members to accelerate the implementation of credible transition plans, following phase two launch. Climate Action 100+ (CA100+) has increased investor representation on its global steering committee, adding Phoenix Group Head of Stewardship Valeria Piani alongside five others to further expand its geographic experience and expertise. The committee is comprised of CEOs and…