Political divide dominates Congress’ ESG hearings

Some states are lobbying Congress to curb sustainable investing as the anti-ESG movement ramps up, creating uncertainty for financial advisers. Congress is now paying attention, after Alabama Attorney General Steve Marshall and Utah Attorney General Sean Reyes asked the law-making body to limit the impact of ESG. The House Committee on Oversight and Accountability held … Read more

Q&A: What to expect from the strengthening of the UK Governance Code

Last month, the Financial Reporting Council (FRC) announced a public consultation into the UK corporate governance code with a specific focus on how company boards are addressing ESG responsibilities. Here, Andromeda Wood, vice president of regulatory strategy at risk and reporting platform Workiva, answers ESG Clarity’s questions what the revised code may look like and how investment … Read more

IFRS Foundation opens ISSB office in Beijing

The IFRS Foundation, which develops global accounting and sustainability disclosure standards, has opened an ISSB (International Sustainability Standards Board) office in Beijing. ISSB was launched at COP26, when the Foundation also announced plans for the board’s ‘global footprint’ in the form of offices in Beijing, Frankfurt and San Francisco, in addition to existing IFRS offices … Read more

ESG experts shrug off Pride Month pullback

Companies’ public disengagement from Pride Month isn’t a pullback from their commitment to social causes, according to ESG experts. However, some cautious investment managers might vote down shareholder proposals focused on diversity, equity and inclusion. Big brands pause on Pride Household names like Target Corporation and the United States Navy have pulled support for Pride … Read more

City Hive teams up with Simmons & Simmons to improve industry culture

Law firm Simmons & Simmons has joined forced with City Hive to push for improved corporate culture within the investment management industry. Simmons & Simmons has becoming the founder of a collective of firms committed to the principles of City Hive’s ACT Standard and Framework – standing for Action, Challenge and Transparency. The framework allows … Read more