governance
- Finance
Why bonuses tied to ESG could leave a ‘sour taste’ in the City
More City workers face bonus cuts for failing to meet environmental, social and governance goals, but recruiters and employment lawyers warn…
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BNY Mellon fined by SEC over ESG claims
The Securities and Exchange Commission fined the investment management arm of Bank of New York Mellon $1.5m for misleading claims it made…
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SEC set to probe auditors’ fastest-growing businesses
When the two top executives of a hot electric-vehicle startup made share purchases that later drew scrutiny, they were helped…
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Cisco stock heads for worst day in more than a decade as China shutdown blamed for poor outlook
Cisco Systems Inc. shares were on track for their worst day in more than a decade Thursday, as analysts voiced…
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Schroders’ hunt for climate experts shows newest front in ESG talent war
Asset managers are on the hunt for experts who can help them meet their ambitious net-zero emissions targets — and are willing…
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KPMG fined £14m and ex-partner faces 15-year ban over forging documents in Carillion probe
KPMG is set to receive a £14.4m fine and one of its ex-partners is facing a 15-year ban from the…
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FCA warns greenwashing risks trust in $1bn carbon market as firms race to net zero
The City watchdog warns that greenwashing could damage trust needed to offset carbon in the race to net zero. At…
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Are defence stocks ESG? Fund managers are divided
The brutal war being fought in Ukraine has thrown up a dilemma for the world’s fund managers: whether or not defence…
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UBS hires dealmaking duo for new London ESG team
UBS has hired a pair of dealmakers for its team of bankers working on ESG-related transactions, as firms scramble for…
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EY hit with £2bn lawsuit over NMC Health audits
Big Four auditor EY has been hit with a lawsuit by the administrators of collapsed FTSE-100 healthcare business NMC Health.…
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HSBC’s top shareholder Ping An urges bank break up
HONG KONG — China’s Ping An Insurance has quietly taken up the role of shareholder activist, putting pressure on HSBC…
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Citigroup’s global gender pay gap stalls at 26%
Citigroup is one of the only major investment banks to offer a frank insight into the gender pay gap across…
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Schroders ties staff comp to ESG goals — here’s how this will impact pay
Schroders has linked fund manager and analyst remuneration to sustainability goals, as it rolls out a new company-wide “engagement blueprint”.…
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BlackRock under pressure as Carl Icahn urges major ESG investors to back McDonald’s campaign
Carl Icahn is urging BlackRock and other big index-fund managers focused on socially conscious investing to support his proxy fight at McDonald’s for better treatment of…
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Natixis IM’s global sustainability chief: ESG investing isn’t ‘charity’
ESG products may be tied to doing what’s right for the climate, but they’re there to make money, like any…
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Euan Munro: ‘Not everywhere we invest will be a US- or UK-style democracy’
When Euan Munro arrived at Newton Investment Management in June last year, he walked into a business in the midst…
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This startup wants to do for activist investing what GameStop did for stocks
Alasdair Hardie wanted his money to make a difference. After months of research at the beginning of the year, the 32-year-old Edinburgh…
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China’s decision over Russia will be critical for western investors
Immediately after Russia’s invasion of Ukraine, some observers asked whether it increased the risk that China would invade Taiwan. After…
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Hedge fund boss Chris Hohn slams banks over climate hypocrisy
Banks making net-zero promises while lobbying against climate regulation is “greenwashing”, according to billionaire hedge-fund boss Sir Chris Hohn. “Any…
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Schroders slips down UK fund brand rankings again as BlackRock, JPMorgan, Vanguard climb
Schroders has continued to fall in an annual ranking of UK fund management brands, with US behemoths BlackRock, JPMorgan Asset…
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Peter Thiel leads bitcoin backers blasting ESG ‘hate factory’
Peter Thiel has led a chorus of bitcoin fans slamming ESG as a “hate factory” and the enemy of crypto. “ESG…
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Private equity renews interest in military sector amid Ukraine invasion
Geopolitical tensions, reputational risks and complex contract negotiations: investing in the global defence industry is not for the faint-hearted. But…
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Five charts that show the banker hiring spree in the $541bn ESG market
The $540.6bn green finance market is driving deep demand for ESG executives, with banking emerging as a white-hot market for sustainability…
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Global ESG standards come one step closer to reality
Investors could soon benefit from a global standard for sustainability disclosure, as The International Sustainability Standards Board publishes its first set…
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Newton IM’s Munro makes an ESG case for defence stocks: ‘Security is a common good’
The chief executive of Newton Investment Management said ESG funds should be able to invest in defence companies, because national security…
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Greenwashing probes prompt panic among ESG funds: ‘There’s a big reputational risk’
Asset managers have for years been touting their sustainable-investment expertise. But with surging investor interest in environmental, social and governance…
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Fund managers call lawyers over ESG jitters as greenwashing fears mount
Asset managers are getting anxious about increased attention regulators are paying to their sustainable investment claims, sparking an uptick in queries…
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Inside Nomura’s ambitious plan to take on Wall Street: ‘Clients will pay for the best bankers’
Nomura is making a “very significant” push to hire junior and senior dealmakers, as the Japanese lender embarks on an…
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KPMG-audited German fund firm reveals years-long compliance failure in UK arm
A German fund group audited by KPMG has not complied with UK law in its London arm for years, Financial…
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Seven Principles For ESG Investing: A Conversation With Desiree Fixler
I would be surprised to learn of anyone interested in sustainable investing who isn’t aware of DWS’s dramatic dismissal of…
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BlackRock’s Fink ‘ducking the fight’ over ESG, claims former exec
A former BlackRock executive has accused chief executive Larry Fink of “ducking the fight” over ESG, following claims that the…
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BlackRock, abrdn plus 123 others make the cut for tough ESG code, firms with £12tn AUM fail
A third of asset managers and other groups that applied to become signatories to a tough governance code for investors…
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DWS greenwashing probes shift fund industry into high alert
Asset managers are on high alert following probes by US and German financial regulators into the sustainable investment claims from…
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Esma issues warning on crypto’s ‘soaring’ environmental cost
The European Union’s top markets regulator has issued a warning on rising environmental damage from investing in digital currencies. In its latest…
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Square has ‘no plans’ to buy more bitcoin after $20m loss
Payments fintech Square said it has no plans to buy more bitcoin for its corporate treasuries, after losing $20m on…
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