Governance News 16 August 2023

45 minute read (PDF download) 16.08.2023 Mark Standen, Siobhan Doherty, Kate Hilder

This week's issue has a strong ESG focus and features coverage of several sessions from the 2023 Climate Governance Forum (hosted by the AICD). You can find our key takeaways from sessions covering: why and how boards should be prioritising nature-related risk; greenwashing and how to avoid it; effective transition planning, and understanding stakeholder expectations on climate and nature. On the financial services front we cover the findings of ASIC’s review into home insurance claims handling (REP 768) and more…

Disclosure and Reporting Navigation Show below Hide below

Greenwashing and how to avoid it: Views from an expert panel
Disclosure of sustainability-related risks: Two companies make additional disclosures following ASIC’s review
ACSI considers the ‘majority of the ASX200 is ready for mandatory climate reporting’
Over 70 Democrat members of congress urge SEC to issue climate-disclosure rule as soon as possible
In Brief | ASIC has commenced a third greenwashing court action over a super funds’ alleged failure to apply ESG investment screens as claimed

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Top Story | Why and how boards should be prioritising nature-related risk: Insights from an expert panel
‘Climate targets are business targets’: Expert panel says integration of climate into overall strategy is key to successful transition planning
Stakeholders want boards to prioritise action on nature and climate: Insights from an expert panel discussion
RBNZ releases climate stress test scenario for large banks, plans to release an aggregate report early next year
Vote no | CalSTRS pledges to continue to vote against boards on climate grounds
Vanguard releases snapshot of key Q2 2023 voting decisions
Improving the accessibility of quality nature-related data: TNFD concludes that ‘baseline nature-related data should be accessible [via a global, publicly available data facility] to a broad range of stakeholders and not kept behind paywalls or in proprietary systems’

Financial Services Navigation Show below Hide below

Top Story | Creating a new Financial Services Law
Top Story: Targeting predatory lending | ASIC consults on extending two product intervention orders
ASIC REP 768 | ASIC claims handling review identifies five areas where the regulator considers ‘insurers can and should make immediate claims handling improvements’
APRA has released updated policy priorities for the banking sector
Independent Review of the Franchising Code of Conduct announced, Terms of Reference Released