The whole ESG thing seems to be diametrically apposed between the EU and US. With 99% of EU member states, members of the General Reporting Council voting in favor of Environmental, Social and Governance (ESG) rating activities.This Regulation introduces a…
U.S and EU capital markets and regulators are rightly focused on ESG, as demand grows for socially conscious investment strategies. Highlighting the close relationship between capital and corporate social responsibility. One should also be concerned about the link between capital…
A great Sunday read. The Munich Re cyber insurance trends for 2023 report paints an interesting picture of cyber risks. That in part demonstrate why the current approach cyber insurers have adopted to support the management cyber risk will be…
Here is a thought for today. There is a Venn diagram for ESG and the relationship between Environmental, Social and Governance. There is also a Venn diagram between ESG, cyber risk management and insurance, that if unbundled creates an intersection…
Managing Governance and Social responsibility are clear drivers for ESG compliance, that is slowly but surely making its way across the investment community. ESG is being used to make investor investment decisions and of course compliance is regulated by Markets.…
A very interesting paper by Harvard Law School on the SECs authority to follow climate related disclosures. In short ‘it is our view that the Commissions Proposal contemplates disclosure requirements that are consistent with close to nine decades of regulatory…
The UK Government has published proposals to restore trust in audit and corporate governance. In a range of recommendations that include 1. Establishing a Audit, Reporting and Governance Authority. 2. Requiring larger companies to report on the risks that they…
Finance regulators are to focus on Greenwashing of ESG funds. The Securities and Exchange Commission announced a $1.5mn fine on BNY Mellons fund management division for allegedly providing misleading information on its ESG investments. It also promised tighter rules on…
The SEC has released further ESG proposals, (362 pages) that if adopted would establish disclosure requirements for funds and advisers that market themselves as having an ESG focus. 1. Require funds that say they consider ESG factors to provide investors…
A nice article on the importance of Enterprise Wide Risk Management and ESG from the American Bankers Association. It describes the importance of the risk function in ensuring and promoting safe and sound practices, supporting strategic goals for ESG. The…
