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Perspectives on Cyber Risk
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Corporate social responsibility and sustainability
August 14, 2017 6:08 PM |
Top Story │ Test Case? Commonwealth Bank of Australia shareholders file a claim in the Federal Court alleging the bank did not adequately disclose climate change risk as a business risk [read more]
July 31, 2017 12:10 PM |
New report confirms responsible investment strategies deliver better growth than traditional strategies over medium to long term [read more]
July 10, 2017 1:35 PM |
Ernst and Young proxy season review identifies diversity and pay equity as key themes, environmental sustainability and unequal voting structures also emerging as themes [read more]
July 3, 2017 2:51 PM |
The Bank of England has released its twice annual stability report: mortgage debt; consumer credit; global environment; asset valuations and Brexit identified as risks [read more]
June 19, 2017 11:44 AM |
Blackrock Inc explains it's voting patterns via 'vote bulletins' [read more]
June 5, 2017 4:45 PM |
62.2% of Exxon investors have voted for ExxonMobil to publish an annual assessment of the impact of climate policies on its business in face of board opposition [read more]
May 29, 2017 2:42 PM |
A climate change resolution was withdrawn from Oil Search’s AGM, on the basis of 'progress made' by the company, while a shareholder proposal relating to human rights failed to pass [read more]
May 22, 2017 4:34 PM |
Investors have approved a shareholder proposal calling for improved climate risk reporting at Occidental Petroleum, the first of its kind to pass in the US. [read more]
May 15, 2017 12:51 PM |
Baptist World Aid has released its 2017 Ethical Fashion Report, noting that since 2013 there has been significant improvement in the sector's management of labour rights issues. [read more]
May 15, 2017 12:45 PM |
The International Organization for Standardization has released a new standard for sustainable procurement, to help organisations make socially responsible purchasing decisions. [read more]
May 15, 2017 12:42 PM |
NZX Limited has published its final NZX Corporate Governance Code, its first substantial update since 2003. [read more]
May 8, 2017 2:08 PM |
The Asset Owners Disclosure Project has asserted that its latest Global Climate Index shows that the world's biggest investors are 'rapidly scaling up action to protect their portfolios'. [read more]
May 8, 2017 2:04 PM |
In the UK, a parliamentary committee has recommended the introduction of a corporate offence of failure to prevent human rights abuses, as well as improvements to the Modern Slavery Act. [read more]
May 8, 2017 1:53 PM |
At Santos’ AGM, activist shareholders failed in their bid to request the company to comply with the recommendations of the FSB’s Task Force on Climate-related Financial Disclosures. [read more]
April 24, 2017 3:55 PM |
In its second report on its review of the four major banks, the Economics Standing Committee has affirmed its support for all ten of its original recommendations. [read more]
April 24, 2017 3:42 PM |
The Australasian Investor Relations Association has released a draft 'blueprint' which aims to help listed companies better handle their ESG engagement challenges. [read more]
April 10, 2017 6:14 PM |
AMP Capital has predicted that prominent ESG trends in 2017 will include sugar and obesity, climate change, disruption, executive pay and supply chain scrutiny. [read more]
April 3, 2017 1:38 PM |
A new report from NYU Stern Center for Business and Human Rights has found 'fundamental gaps' in ESG disclosure tools when it comes to assessing the 'S'. [read more]
March 27, 2017 1:56 PM |
AMP Capital has broken new ground, becoming the 'first fund manager driven by the profit motive to go tobacco free' across all its portfolios. [read more]
March 27, 2017 1:53 PM |
State Street Global Advisors has urged boards to focus on the risks a 'host of environmental and social sustainability issues' pose to long-term viability. [read more]
March 20, 2017 1:58 PM |
The Corporate Human Rights Benchmark has released its first ranking of corporate human rights performance, showing that there is plenty of room for improvement. [read more]
March 20, 2017 1:55 PM |
Momentum appears to be building for more detailed regulatory guidance on appropriate carbon risk disclosure, with a focus on the Financial Stability Board's Task Force on Climate-related Financial Disclosures' recommendations. [read more]
March 20, 2017 1:51 PM |
BlackRock has released its engagement priorities for 2017-2018, which include board composition, long term strategy, climate risk disclosure and human capital management. [read more]
March 13, 2017 1:20 PM |
Norges Bank Investment Management has released details of its responsible investment work in managing Norway's Government Pension Fund Global. [read more]
February 27, 2017 4:11 PM |
ASIC chairman Greg Medcraft has provided the general insurance industry with a regulatory update, highlighting among other things the importance of culture. [read more]
February 27, 2017 4:08 PM |
The Joint Standing Committee on Foreign Affairs, Defence and Trade has been asked to inquire into whether Australia should adopt an equivalent of the UK's Modern Slavery Act. [read more]
February 20, 2017 3:39 PM |
APRA member Geoff Summerhayes has warned financial institutions that it is no longer the case that climate risks can be seen as a future problem or a non-financial problem. [read more]
February 13, 2017 11:42 AM |
According to State Street CEO Ronald O’Hanley, ‘addressing ESG issues is a good business practice and must be part of effective board leadership and oversight of long-term strategy’ [read more]
February 13, 2017 11:37 AM |
According to EY, this US proxy season investors will be focused on board composition, environmental and social risks, regulatory uncertainty, executive pay and short-termism [read more]
November 7, 2016 2:06 PM |
Australian directors who fail to consider 'climate change risks' now have been warned that they could be found liable for breaching their duty of care and diligence in the future. [read more]
October 31, 2016 1:55 PM |
UK FRC has called on companies to ensure they provide 'sufficient balance' in their annual reports, as well as to consider the needs of a range of stakeholders. [read more]
October 24, 2016 2:27 PM |
GRI has launched 'the world's first global standards for sustainability reporting, giving companies a common language for disclosing non-financial information'. [read more]
September 26, 2016 5:34 PM |
According to Hermes Investment Management, its latest survey of institutional investors reveals some emerging trends that may worry responsible capitalism advocates. [read more]
September 26, 2016 5:26 PM |
The UK FRC's chairman, Sir Win Bischoff, has argued that corporate culture needs to achieve positive outcomes for all stakeholders and for 'society itself' [read more]
September 26, 2016 5:23 PM |
Bank of England Governor Mark Carney has argued that to ensure a smooth transition to a two degree world, corporate stakeholders need the ‘right information’. [read more]
September 19, 2016 2:56 PM |
The US Business Roundtable has asserted that 'an increase in shareholder access to the boardroom cannot come without a corresponding increase in shareholder responsibility'. [read more]
September 12, 2016 10:16 AM |
According to Hermes Investment Management's global analysis, companies with poor corporate governance tend to underperform well governed ones by an average of 30bps per month. [read more]
September 12, 2016 10:13 AM |
BlackRock has asserted that all investors should incorporate climate change into their investment processes, and calls for investors and companies to work together to manage the risks . [read more]
September 12, 2016 10:09 AM |
AMP Capital has released its 2016 Mid-year Corporate Governance Report, which sets out its proxy voting highlights and its current engagement themes. [read more]
July 25, 2016 3:11 PM |
Governance Institute of Australia has released its inaugural Ethics Index, which reveals that large corporations (and their senior executives) need to improve their image. [read more]
July 25, 2016 3:05 PM |
In a new report, PwC UK has asserted that there is urgent need for action to resolve public concerns over executive pay, but cautions against further regulation. [read more]
July 11, 2016 1:31 PM |
ACSI's latest findings on the progress in disclosure of sustainability risks among S&P/ASX200 companies are generally positive, but 'there remains much to improve'. [read more]
June 20, 2016 12:57 PM |
MinterEllison's Sarah Barker and Maged Girgis have argued that recent international developments have raised the bar on climate change disclosure and governance. [read more]
June 14, 2016 2:36 PM |
The Full Federal Court has dismissed ACCR's appeal against the Federal Court's decision that CBA was entitled to exclude certain shareholder resolutions from its notice of AGM. [read more]
May 30, 2016 2:42 PM |
KPMG's new report has found 'considerable room for improvement' in the adoption of ASX Corporate Governance Council recommendation 7.4 on sustainability risk disclosure. [read more]
March 16, 2016 2:08 PM |
A recent survey has found that a 'significant number' of FTSE 300 boards have formed committees to focus on sustainability, ethics and values (but warns this is not always the best approach). [read more]
March 16, 2016 1:40 PM |
According to As You Sow's 2016 proxy preview, more shareholder proposals filed at US companies relate to climate change than ever before. [read more]
March 9, 2016 1:19 PM |
Rio Tinto's board has endorsed a special resolution requisitioned by shareholders which requires greater disclosure in relation to certain climate change issues. [read more]
March 9, 2016 1:16 PM |
The Financial Services Council and the Australian Council of Superannuation Investors have released a guide for Australian companies on how to identify and report ESG issues. [read more]
March 9, 2016 1:13 PM |
AMP Capital has released its 2015 full year Corporate Governance Report, which discusses AMP's proxy voting over the period as well as its approach to shareholder engagement. [read more]
February 17, 2016 12:45 PM |
In a recent report, Deloitte has urged US companies to focus on their ESG disclosures as developments 'point to even more rigorous sustainability reporting and disclosure expectations ahead'. [read more]
February 10, 2016 4:49 PM |
The Senate has referred an inquiry on carbon risk disclosures (including by corporate Australia) to the Economics References Committee. [read more]
November 18, 2015 12:18 PM |
Following consultation, the UK government has decided against amending the Investment Regulations to help trustees distinguish between financial and non-financial factors. [read more]
November 4, 2015 4:58 PM |
EY asserts its new global survey of institutional investors 'illustrates the significant gap between the nonfinancial reporting that investors want and that issuers offer them'. [read more]
October 28, 2015 3:41 PM |
Origin Energy has committed to all seven climate change initiatives under the 'We Mean Business Coalition', although there are differing views as to what this will mean in practice. [read more]
October 21, 2015 1:55 PM |
A group of ANZ shareholders have requisitioned resolutions at ANZ's AGM, one of which requests the board to report on, and set public targets for reductions in, the bank's exposure to climate change risk and carbon intensive businesses. [read more]
October 14, 2015 11:39 AM |
ANZ has released a new Climate Change Statement, which includes a commitment not to finance any new build of 'conventional' coal fired power plants. [read more]
October 14, 2015 11:39 AM |
ANZ has released a new Climate Change Statement, which includes a commitment not to finance any new build of 'conventional' coal fired power plants. [read more]
October 14, 2015 11:39 AM |
ANZ has released a new Climate Change Statement, which includes a commitment not to finance any new build of 'conventional' coal fired power plants. [read more]
October 7, 2015 11:45 AM |
AMP Capital has recommended that companies respond to increased expectations from investors that they understand and manage human rights risks. [read more]
September 23, 2015 1:00 PM |
Harvard Business School academics are campaigning for boards to issue a 'Statement of Significant Audiences and Materiality' to help articulate the company's role in society. [read more]
September 23, 2015 12:58 PM |
A new report on fiduciary duty has found that Australian asset owners are paying increasing attention to ESG issues, but there are some barriers to progress. [read more]
September 23, 2015 12:55 PM |
A new report has found that fiduciary duty is not an obstacle to asset owner action on ESG factors, but asserts that its definition and interpretation need modernising. [read more]
September 16, 2015 2:53 PM |
Minter Ellison special counsel Sarah Barker and partner Maged Girgis argue that a case recently filed in the US against pension plan fiduciaries should sound an alarm for Australian fund trustees. [read more]
September 2, 2015 3:58 PM |
The City of Newcastle Council has been accused of embracing irony, after it reportedly voted to move its investments from the big four banks if they continue to fund fossil fuel projects. [read more]
August 26, 2015 3:36 PM |
Industry super fund HESTA has announced that it has decided to divest from Transfield Services, leading some commentators to query how super funds can balance their fiduciary duty with member campaigns to divest on social grounds. [read more]
August 5, 2015 2:38 PM |
The Federal Court has held that CBA was entitled to exclude from its notice of AGM certain proposals relating to greenhouse gas emissions put forward under s 249N of the Corporations Act. [read more]
July 1, 2015 6:20 PM |
Recent international developments are raising the bar for institutional investors and fund managers on climate change investment risk management. [read more]
April 29, 2015 5:02 PM |
At BP’s AGM, over 98% of votes cast were in favour of the resolution proposed by the ‘Aiming for A’ shareholder coalition requiring increased disclosure in relation to climate related issues. [read more]
April 22, 2015 5:25 PM |
In a move described as a 'fascinating' and 'highly symbolic' AGL has announced a new policy to decarbonise its electricity generation by 2015: meanwhile, in The FT John Gapper argues the fossil fuel divestment campaign is too inconsistent and impractical to succeed; and a US survey of 'big investors' found that 9 out 10 respondents do not intend divesting from fossil-fuel investments. [read more]
March 25, 2015 12:01 PM |
UK fund house F&C Investments calls for non-renewable resources companies to consider stranded assets as part of their long-term strategy. [read more]
March 18, 2015 2:14 PM |
Chief Justice Strine of the Delaware Supreme Court advises that advocates for social responsibility accept the law for what it is. [read more]
February 18, 2015 11:00 AM |
Proposed lawsuit against a UK pension fund for breach of fiduciary duties in the context of climate change could shake up the entire industry. [read more]
February 11, 2015 2:14 PM |
Responsibility of superannuation fund trustees in the face of climate change and corporate governance. [read more]
February 3, 2015 5:00 PM |
Shell announces support for shareholder resolution which calls for greater disclosure around the company's exposure to climate change. [read more]
November 19, 2014 1:58 PM |
Sandfire Resources takes legal action over media release by CAER which resulted in divestment by ANU. [read more]
November 12, 2014 12:09 PM |
Chief Justice of the Delaware Supreme Court has argued that benefit corporation statutes offer a legal structure that holds promise of corporate governance beyond profit maximisation. [read more]
November 5, 2014 1:01 PM |
Social media has greatly contributed to the interaction between companies and external stakeholders, prompting calls for a review of directors duties in the context of social responsibility. [read more]
October 29, 2014 2:08 PM |
Calls have been made for a new approach to financial reporting and valuation in order to capture increasingly important intangibles. [read more]