Parker Review Committee, an independent review organization set up by the UK government in 2015 to improve the ethnic and cultural diversity of UK boards, has proposed new ethnic diversity targets for Britain’s top listed and private companies, as reported by Reuters on March 13....
The Bank of England (BoE) issued a report setting out its latest thinking on climate-related risks and regulatory capital frameworks, including the challenges it encountered and further work required in determining how climate change will impact the financial institutions it regulates, as reported by Reuters on March 13. The report found that existing capability and regime gaps create uncertainty over...
A new set of EU rules is set to be released on Tuesday, which will require European Union countries to protect vulnerable consumers who are unable to pay their electricity bills from being disconnected by electricity suppliers, as reported by Reuters on March 13. This...
The US Environmental Protection Agency (EPA) has taken a significant step in its strategy to combat polyfluoroalkyl substances (PFAS), known as "forever chemicals," by proposing a national drinking water standard for six of these cancer-causing chemicals, as reported by Reuters on March 14. The proposed...
Enel [ENEL:IM], the largest utility company in Italy, and newcleo, a next-generation nuclear power manufacturer, have announced that they will collaborate on new technology projects aimed at providing safe and stable power, as reported by Reuters on March 13. This partnership reflects a growing interest in nuclear energy...
Germany, along with Italy and some Eastern European nations, has created an alliance to oppose the EU's plan to phase out internal combustion engines from 2035, and they aim to present their own proposal, as reported by Reuters on March 13. On Monday, transport ministers...
Two of the UK’s largest pension funds threatened to vote against the renewal of some directors at Shell Plc [SHEL:US] and BP Plc [BP:LN] at their annual meetings if the two oil giants fail to improve their commitments to reducing carbon emissions, as reported by Financial Times on March...
Microsoft [MSFT:US] signed a two-year agreement with US-based ocean health company Running Tide to remove 12,000 tons of carbon dioxide equivalent (C02e), as reported by ESG Today on March 10. Running Tide is designing and implementing an ocean-based carbon dioxide removal (CDR) system that uses natural processes such as photosynthesis and...
Nike [NIKE:US] has announced that it will stop using kangaroo skins for its shoes, following a similar move by rival brand Puma, which will put an end to a controversial practice that has been criticized by consumers and animal rights activists, as reported by Reuters...
The European Union’s (EU) financial regulators will carry out a comprehensive system-wide analysis of the financial sector’s resilience to climate-related risks, according to a letter by the European Commission, as reported by ESG Today on March 10. The commission suggested in the letter that the...
Japanese automaker Mitsubishi Motors [7211:JP] released a plan to boost its investment in developing electrified cars including hybrid and battery electric vehicles by 2030, as reported by Nikkei Asia on March 10. Under the plan, the automaker will shell out as much as JPY2.5tr (USD18.8bn)...
The US Justice Department filed a civil antitrust to stop JetBlue Airways Corporation’s [JBLU:US] proposed USD3.8bn acquisition of its largest and fastest-growing ultra-low-cost rival, Spirit Airlines [SAVE:US], due to concerns that the deal would result in higher fares and reduced options for routes for consumers...
On March 6, ESG Today reported that the Royal Bank of Canada (RBC) plans to introduce a medium-term climate-based objective to its mid-term incentive (MTI) and long-term incentive (LTI) programs for senior executives from 2023. This addition is part of RBC's ongoing efforts to incorporate...
Japan pledged to offer support in finance, technology, and personal resources to help Association of Southeast Asian Nations (ASEAN) members decarbonize their economies, as reported by Reuters on March 4. Japanese Industry Minister, Yasutoshi Nishimura, announced the commitment at the first ministerial meeting of the...
China Securities Regulatory Commission (CSRC) has approved the first two new energy real estate investment trusts (REITs) that are expected to raise RMB10bn (USD1.44bn) in total, as reported by Caixin on March 3. State Power Investment Corporation (SPIC), one of China’s five major electricity generation...
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