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ISSB digital standards not perfect

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
The International Sustainability Standards Board (ISSB) recently published its much-awaited digital taxonomy, to help investors navigate sustainability disclosures. The International Financial Reporting Standards (IFRS) Sustainability Disclosure Taxonomy ...

Plibersek threatens circularity laws

ROSE MARY PETRASS  |  THURSDAY, 9 MAY 2024  |  NEWS
... 2020 will undergo a five-year review at the end of this year - but the minister said the law may not be the last. "Get on board or we will regulate," Plibersek warned. "It's one thing to set targets... actually delivering on those targets is really ...

AXA IM releases engagement data

ROSE MARY PETRASS  |  THURSDAY, 9 MAY 2024  |  NEWS
... classified as ESG, sustainable or impact funds at the end of December 2023. 200 of the total engagements were conducted either at board or C-suite level. The firm voted at 97.6% of meetings; a total of 54,782 proposals at 4,856 meetings. Climate-related ...

Companies warned to disclose nature risks

ROSE MARY PETRASS  |  THURSDAY, 2 MAY 2024  |  NEWS
... frameworks, building on the Taskforce for Climate-related Financial Disclosures, and the International Sustainability Standards Board (ISSB) S1 and S2. Last week the ISSB announced it will commence work on nature-related reporting requirements, drawing ...

Younger members drive demand

MICHELLE BALTAZAR  |  THURSDAY, 2 MAY 2024  |  NEWS
... in-house. "That means we have a very active engagement model with companies that we invest in." For example, the fund holds board seats in many of the private companies it invests in; it exercises its proxies; and it works with government and industry ...

Active ownership is the new sheriff in town

MICHELLE BALTAZAR  |  WEDNESDAY, 1 MAY 2024  |  NEWS
... its unclear climate plan. On gender diversity, Stewart praised the progress. Since 2015, there has been an 89% increase in board positions on the ASX300 held by women, according to the 2024 Board Diversity Index. "As an industry, we've had a really ...

Proxy voting targets DEI and pay

ROSE MARY PETRASS  |  MONDAY, 29 APR 2024  |  NEWS
Diversity, equity, and inclusion (DEI) has joined executive remuneration packages as top of mind in proxy voting this year. According to data compiled by the international equity team at Morgan Stanley Investment Management, shareholder proposals related ...

ESG professionals' salary guide revealed

ELIZA BAVIN  |  THURSDAY, 25 APR 2024  |  NEWS
... $345,000. The average salary for a 'head of' role was $327,000 with the highest coming in at $601,000. Directors and board members get an average salary of $350,000, with the highest reported at $501,000. The average bonus for a junior analyst ...

J.P. Morgan vows $2.5 tn for sustainable development

ROSE MARY PETRASS  |  WEDNESDAY, 24 APR 2024  |  NEWS
... staff being overwhelmingly white. 43% of US employees self-identified as white. However, in senior management, and on the board of directors, that figure sits at 75% and 82% respectively. CEO and chair Jamie Dimon said in a statement that the firm was ...

Investors back climate disclosure mandate

ROSE MARY PETRASS  |  WEDNESDAY, 24 APR 2024  |  NEWS
... advisory group members to back the laws. The IGCC calls on Canberra to legislate an International Sustainability Standards Board (ISSB)-aligned and high-quality reporting framework. The group said in a statement: "We recognise that the move towards ISSB-based ...
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