The EU and the US are rethinking their non-financial disclosure requirements and announcing a series of new ESG-related interventions

As announced under the bold European Green Deal, the European Commission has launched a public consultation on the review of the Non-Financial Reporting Directive (NFRD). The NFRD sets out the rules for disclosing non-financial information by large companies as required by the Directive 2014/95/EU. The survey will remain open to…

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Proxy adviser’s downgrades cost companies 1% of market value

Evidence demonstrates that investors’ behaviours change when the largest proxy advisory firm downgrades public companies’ rating on governance ground. Professor Paul M. Guest and PhD student Marco Nerino of King’s Business School at King’s College London empirically demonstrate that Institutional Shareholder Services‘ (ISS) announcement of corporate governance ratings downgrades has…

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Investors to pressure tech giants over ESG issues

“All that glitter is not gold, often have you heard that told.” Tech giants have long been deemed ESG good-will ambassadors. They usually couple a meaningful value proposition together with a garageland background, which makes the formula extremely appealing to people, especially the young. However, since they moved out the…

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S&P acquires ESG ratings arm of RobecoSAM

As of November 21, 2019 S&P Global announced it will acquire the ESG Ratings Business from RobecoSAM which consists of two units: one dealing with SAM CSA which issues ESG ratings and a second providing in-depth reports to companies for comparing relative performance relative. SAM Corporate Sustainability Assessment (CSA) is…

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