Archive

Asset manager taskforce calls on bondholders to assert their rights

A UK government-initiated taskforce has announced recommendations to strengthen sustainable stewardship in the UK investment industry, including encouraging investors to assert their rights in the bond and private markets.

UK endorses IFRS proposals to develop global sustainability standards

The UK government has endorsed the publication of the International Financial Reporting Standards (IFRS) consultation on a global approach to sustainability reporting, and the potential establishment of a Sustainability Standards Board.

UK government announces green sovereign bond and climate disclosure plan

The UK government has announced plans to issue its first green sovereign bond in 2021, as well as making for climate-risk disclosures mandatory for major companies by 2025.

UK lawmakers urged to strengthen ESG focus of pension funds

UK legislators were urged to back a law to compel managers of the £2.8 trillion ($3.6 trillion) in pension fund assets to consider environmental, social and governance (ESG) factors as part of their fiduciary duty to clients, including through the creation of a Scandinavian-style ethics council.

Only a matter of time' before TCFD becomes mandatory in UK, says BofE

Bank of England (BofE) markets executive director Andrew Hauser said you can "reasonably expect" adoption of recommendations outlined by the Task Force on Climate-related Financial Disclosures (TCFD) to become mandatory in the UK.

UK finance sector gets new advice on climate-related risks

UK regulator proposes tightened climate-risk disclosure demands

The UK financial services regulator has announced it is considering new climate-related disclosure requirements for most of the major firms listed in the country, despite disappointment from campaigners that its proposals were not mandatory.

FCA requires personal pension governance committees to consider ESG issues

The Financial Conduct Authority (FCA) has introduced a policy requiring the independent governance committees (IGCs) of personal pension plans to "check and challenge" pension providers over their environmental, social and governance (ESG) engagement.

UK regulator prepares ‘comply or explain’ TCFD rules

The UK’s financial conduct watchdog will consult on new rules to encourage disclosure of climate-related risks by financial firms in early 2020.

UK pensions advised to pursue decarbonisation with climate risk checklist

A checklist for pension fund trustees to consider climate risk in their investments has been launched which encourages UK schemes to adopt targets for reducing carbon-intensive holdings and consider divestment.