OECD due diligence for the garment and footwear sector launched

OECD due dilience garment footwear guidance

The Organisation for Economic Co-operation and Development  (OECD ) has published its due diligence guidance for responsible supply chains in the garment and footwear sector in line with the OECD Guidelines for Multinational Enterprises (MNE guidelines)  and UN Guiding Principles on Business and Human Rights.… Read the rest

London Stock Exchange Group publishes ESG guidance

LSEG ESG guidance

The London Stock Exchange Group (LSEG) has issued guidance, through its Global Sustainable Investment Centre, setting out recommendations for good practice in Environmental, Social and Governance (ESG) reporting.

The LSEG said that the global guide responded to demand from investors for a more consistent approach to ESG reporting, which it said is now a core part of the investment decision process.… Read the rest

UK’s industrial strategy: low-carbon economy

Low Carbon Stratetgy

The UK government has published a green paper outlining its proposed industrial strategy which includes a commitment to developing clean energy and a move to a low-carbon economy.

The consultation document proposes a strategy  designed to improve the country’s economy in the future and is based on ten pillars.… Read the rest

Japan: sustainability reporting needs improvement

JPIF Headquarters

JPIF has high hopes of sustainability reporting

The Japanese Government Pension Investment Fund (GPIF) recenlty tweeted about the “excellent” integrated reporting of some of the country’s firms. However, Manifest’s analysis shows that sustainability reporting in Japan is falling short of many investors expectations.… Read the rest

WEF Davos: UN SDGs can improve global business behaviour

WEF Davos 2017 hears about SDGs

Companies should adapt their business models to be at the service of the UN’s sustainable development goals (UN SDGs) according to Paul Polman, chief executive of Unilever speaking at the annual meeting of the World Economic Forum in Davos last week.… Read the rest

US firms and investors call on Trump to tackle climate change

Lars Petersson, CEO of IKEA-USA

A coalition of 530 US companies and 100 institutional investors have called on President-elect Donald Trump and politicians in Congress to embrace a low carbon economy and tackle climate change ahead of Trump’s inauguration later this month.

In a statement, which is also addressed to the the outgoing President Obama and global leaders, the signatories said they re-affirmed their deep commitment to addressing climate change through the implementation of the Paris Climate Agreement.… Read the rest

US updates ESG & voting guidance for ERISA funds

Phyllis Borzl - DoL

US regulators have responded to concerns that employee pension plans have not been exercising their shareholder rights by issuing updated guidance on proxy voting for 2017.

The Department of Labor’s Employee Benefits Security Administration (EBSA) agency said that it is has long believed that it is important for plan administrators to know what their responsibilities are when they vote proxies on those shares or exercise other shareholder rights.… Read the rest

OECD Consults on Guidance to Support Firms Implement its Guidelines for MNEs

The Organisation for Economic Co-operation and Development (OECD) is consulting on general Due Diligence Guidance for Responsible Business Conduct and supplemental advice to provide practical support to companies on the implementation of the OECD Guidelines for Multinational Enterprises.

This general guidance builds on the sectoral guidance already published or being developed by the OECD.… Read the rest

Financial Stability Board taskforce consults on climate-related disclosures

The Financial Stability Board’s Task Force on Climate-related Financial Disclosures has published a consultation for its recommendations on voluntary, climate-related disclosures to be included as part of mainstream financial filings. The task force said its recommendations will help organisations identify and disclose information needed by investors, lenders, and insurance underwriters to appropriately assess and price climate-related risks and opportunities.… Read the rest

Warsaw Stock Exchange GPW publishes 10th Respect Index

The Warsaw Stock Exchange (GPW) has published the names of the companies which make up its tenth Respect Index. The socially responsible index has a record 25 members –  including four new entrants.

Since its first publication in 2009, GPW said that the index, which is Central and Eastern Europe’s first social responsibility index, has  gained 50% in value which compares to 28% for the broader market.… Read the rest