Regulation Archive

Sep 23, 2021
CII seeks better ESG disclosures under accounting rules
The Council of Institutional Investors (CII) has urged FASB to make ESG-related disclosures one of its top priorities amid growing pressure for companies to enhance reporting around those issues. Specifically, CII believes FASB could improve ESG-related reporting concerning human capital management, climate change and income taxes. CII was writing in response to FASB’s request for comment on its agenda.  CII general counsel Jeffrey Mahoney writes that the ...
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Sep 14, 2021
Huge investor coalition calls on governments to accelerate climate action
A huge investor coalition has urged national governments to accelerate policy changes that will support investment in climate change solutions. A group of 587 investment firms with a collective $46 tn in assets under management has called on governments to take a range of actions, from strengthening emissions targets to mandating climate reporting and ending fossil fuel subsidies. Signatories to the ...
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Aug 09, 2021
SEC gives green light to Nasdaq board diversity plan
The SEC on Friday approved Nasdaq’s plan to promote diversity on boards. The move opens the door for Nasdaq to require companies listed on the exchange to have – or explain why they do not have – at least two diverse board members, including one who self-identifies as female and one who self-identifies as either an under-represented minority or LGBTQ+. Nasdaq-listed companies will also have to disclose in aggregate form the voluntary self-identified gen...
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Aug 04, 2021
Gensler expects climate disclosure proposal by year-end
SEC chair Gary Gensler has given issuers a heads up on when they can expect to see the agency’s plans for requiring companies to report on climate risk and what that may entail. In remarks to the Principles for Responsible Investment last week, Gensler said he has asked the SEC staff to develop a mandatory climate risk disclosure rule proposal by the end of the year. He outlined elements he wishes to see in such disclosures, including that they are consiste...
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Jul 05, 2021
FCA looks to change UK listing rules in competitiveness boost
The UK’s Financial Conduct Authority (FCA) has launched a consultation on proposed reforms designed to boost the competitiveness of the UK’s listing regime. The changes include the introduction of a dual-class structure ‘in the premium listing segment’ as well as reducing the required free float from 25 percent to 10 percent ‘in certain circumstances’. ...
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Jun 16, 2021
As companies disclose more ESG data, activists have an opportunity
The growth of corporate disclosure on ESG issues will offer new opportunities to activist investors as they search for evidence of underperformance, according to a recently released white paper. Activists are increasingly using ESG issues as a focus area in their engagement with issuers, but it can be hard to build a thesis when there is a lack of data showing how companies stack up against peers. ESG disclosure, already at record levels, is set to increase f...
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May 14, 2021
Investor coalition calls for tougher methane regulation for oil and gas industry
A large coalition of investors has called on the US administration to strengthen methane regulation and warned that a lack of action could hit the value of oil and gas companies.  The group of 147 firms, co-ordinated by Ceres and the Interfaith Center on Corporate Responsibility (ICCR), welcomes action being taken by the US government but urges further measures to help meet the climate goals of the Paris Agreement.  Tackling methane emissions is viewed as k...
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