The IFRS Foundation has today announced the completion of the consolidation of the Value Reporting Foundation (VRF) into the IFRS Foundation. It follows the commitment made at COP26 to consolidate staff and resources of leading global sustainability disclosure initiatives to support the IFRS Foundation’s new International Sustainability Standards Board’s (ISSB) work to develop a comprehensive global baseline of sustainability disclosures for the capital markets.
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By voting against management-backed board directors, big investors are increasingly demanding boards pay attention to climate change.
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Investor relations has earned a chair in the C-suite, becoming a stepping stone for top jobs.
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Boards of Directors of Canadian businesses must be fully informed and up to date on the rapidly changing legal and regulatory landscape relating to Environmental, Social and Governance (ESG) issues. Whether it be climate change, social justice or activist shareholders, or a multitude of other ESG risks and opportunities, the entire ESG landscape is dynamic. This increases pressure on directors to be agile in fulfilling their fiduciary duties.
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In the drive for transparency in the investment sector, the role of rating agencies should not be misunderstood. These rankings may be useful to many but remain a mystery to most. It is time to look into the 'A-B-C' of ESG ratings.
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Gender equity and environmental sustainability may seem like unrelated issues, but research shows that they are in fact closely intertwined. Women and other underserved groups are disproportionately impacted by the global climate crisis, but they are also uniquely positioned to lead the fight for sustainability. In this piece, the authors offer six strategies to help business and political leaders empower women and address environmental challenges through an intersectional approach to sustainability.
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Canadian companies across all sectors are increasingly seeking to raise capital in U.S. markets, often by a cross-listing on a U.S. stock exchange (e.g., NYSE or Nasdaq) and registering with the U.S. Securities and Exchange Commission (SEC) under the U.S./Canada multijurisdictional disclosure system (MJDS).
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At an open meeting last week, the SEC voted, three to two, to adopt new amendments to the rules regarding proxy advisory firms, such as ISS and Glass Lewis - which the SEC refers to as proxy voting advice businesses, or 'PVABs' - terms that the commissioners seemed to think…hmmm… needed some work.
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Marina Severinovsky, head of sustainability, North America at Schroders, said environmental, social and governance strategies had attracted flows during rising markets but the managers need to step up and explain the value of long-term ESG as performance has faltered.
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