April 7, 2022 | Editor: Martin Wennerström
ISSB launches consultation on first two sustainability standards
The International Sustainability Standards Board (“ISSB”) has published the exposure drafts for its first two standards. The proposals set disclosure requirements for 1. general sustainability-related financial disclosure, and 2. specific climate-related disclosure on Scope 1-3. Based on TCFD recommendations and derived from SASB Standards, the standards comprise all relevant sustainability topics – governance, strategy, risk management – as well as metrics and targets. Their purpose is to form a unitary international approach to sustainability disclosure by providing material information about companies’ significant sustainability risks and opportunities relevant in assessing investments. The standards respond to calls made by G20 leaders, investors, and regulators for a new approach to climate disclosure to counter corporate greenwashing and exaggerated green credentials. While the new standards do not require companies to report on their own operations’ environmental impact, as required by EU’s climate reporting standards, ISSB Vice Chair Sue Lloyd has said that “ISSB can work in tandem with the EU norms”.
Ericsson CEO and board exposed to legal claims
Intel awards USD 178 million pay to CEO
SEC seeks to enhance regulation of SPACs
Governance in Brief – September 22, 2022
DOJ unveils crimefighting policies for corporate misconduct The U.S. Department of Justice has announced a new “carrots and sticks” approach to fighting corporate crime that encourages companies to report misconduct while making it more difficult for repeat offenders to enter settlements and deferred prosecutions.
Governance in Brief – September 8, 2022
BHP shareholders seek coherent climate policy Shareholder activist group The Australasian Center for Corporate Responsibility (“ACCR”) has, with the support of circa 100 co-sponsors, submitted a set of climate-focused resolutions to BHP Group’s next AGM. The ACCR is urging the miner to "proactively advocate for Australian policy settings that are consistent with the Paris Agreement's objective of limiting global warming to 1.5° Celsius."