The EU’s High-Level Expert Group on Sustainable Finance, established by the European Commission, has published its interim report and made early recommendations to move Europe towards a low carbon, more resource-efficient and sustainable economy. The Commission said that this report is part of its broader efforts to map out a strategy on sustainable finance, which formed […]
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The Climate Group’s RE100 initiative has celebrated gaining its 100th member this week. The initiative supports and showcases global businesses transitioning to 100% renewable electricity across their global operations and its membership now covers a total revenue of US$2.5 trillion. The initiative – which is delivered in partnership with climate change research provider CDP – welcomed AkzoNobel, AXA, Burberry and Carlsberg as its latest […]
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Corporate governance in Kenya is improving due to enhanced corporate disclosure and improved regulation according to this year’s corporate governance index from Cyton Investments. Cyton noted that its first index, and accompanying corporate governance analysis, published last year had painted a gloomy picture of Kenyan companies as one where investors had amassed substantial losses amounting to […]
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The European Commission has adopted guidelines on the disclosure of environmental and social information. The Commission said they will help companies to disclose relevant non-financial information in a consistent and more comparable manner. These guidelines have been published as companies prepare to apply the EU’s Directive on Non-financial Reporting. The directive entered into force in […]
Read MoreThe UK’s Financial Conduct Authority (FCA) has proposed a series of changes to improve the governance of fund managers, to strengthen their duty to act in the best interests of investors and to use its senior managers regime to bring individual focus and accountability to this duty in its final report of its asset management industry study . The […]
Read MoreKenya has adopted an investor stewardship code as part of its development as an attractive market for financial investment. The stewardship code was enacted by the country’s Capital Markets Authority which last year published a corporate governance code, developed in partnership with the World Bank Group. This code succeeded the earlier guidelines on corporate governance, which […]
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Companies seeking to list on South Africa’s Johannesburg Securities Exchange (JSE) will now have to comply with the King IV corporate governance codes (King IV), which was published last year, as part of amended listing requirements. Companies already listed must make disclosures in relation to the King IV rules from 1st October. The new listing rules […]
Read MoreThe Indian financial regulator, the Securities and Exchange Board of India (SEBI) has set up a committee to advise on issues relating to the corporate governance of listed companies. SEBI wants the committee to recommend improvements within the next four months. Specifically SEBI is asking the committee to make recommendations on: 1.Ensuring independence in spirit of […]
Read MoreAmerican companies, responsible investment campaigners and city mayors have voiced their support for the Paris climate change agreement after President Donald Trump confirmed he would withdraw the US from the accord. During his election campaign last year Trump had suggested scepticism about climate change and efforts made by the Obama administration to move the US to generating more […]
Read MoreOil giant Shell is facing a shareholder resolution at its AGM next week (23rd May) calling for it to set and publish targets for reduction of its greenhouse gas emissions (GHG) that are aligned with the Paris Climate Agreement goal of reducing global warming to two degrees celsius. The resolution suggests that following the management […]
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