All Sustainable financial system articles – Page 2
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Thought leadershipThe shareholder voting process, ESG integration and proxy advice in the US
This briefing provides an update for signatories on legislative and regulatory proposals under discussion in the US regarding the shareholder voting process, ESG integration and the role of proxy advisory firms.
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The shareholder voting process, ESG integration and proxy advice in the US: recommendations
Opponents to such legislative and regulatory efforts include the Council of Institutional Investors, the Consumer Federation of America, and public sector pension fund managers.
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The shareholder voting process in the US: efforts to weaken ESG investing
In May, the Main Street Investors Coalition was created to lead advocacy efforts to weaken the influence of institutional investors
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The shareholder voting process, ESG integration and proxy advice in the US: the role of H.R. 4015
H.R. 4015, the Corporate Governance Reform and Transparency Act, passed the House of Representatives on December 20, 2017, by a vote of 238 – 182. (Many of the provisions included in this bill were originally in the Financial CHOICE Act but excluded in the final version signed into law.)
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SEC considering changes to shareholder voting process in the US
The publicly-stated purpose of the November roundtable is to hear from stakeholders on “whether the SEC’s proxy rules should be refined.”
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Untangling the stakeholder chain: strategies and recommendations
Untangling the chain of stakeholder interests and incentives requires connecting the business objectives of plan sponsors with the growing demand for ESG incorporation by plan beneficiaries, while working within the fiduciary duty requirements of ERISA.
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The ERISA stakeholder chain
The ERISA retirement system brings together distinct stakeholders with diverse incentives and objectives. These range from the plan sponsors to pension consultants to the investment managers, independent advice providers and, ultimately, the plan beneficiaries.
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Shifting ERISA ESG policy: from collateral to integral
Unlike public pension plans, private-sector retirement plans (including both DC and DB plans) must maintain compliance with ERISA regulations, specifically the fiduciary requirements, when selecting investment options.
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ERISA plans and ESG incorporation: trends in the US pension market
The overall trend in US private sector pension provision is one of risk transfer from corporate plan sponsors to the beneficiaries, with companies seeking to avoid the long-term pension liabilities inherent in the DB plan structure. Corporate DB plans are closing to new members and converting pension provision to defined ...
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From marginal to mandatory: The evolution of ERISA fiduciary duty and ESG incorporation
The attitudes of ERISA plan sponsors toward the incorporation of ESG factors into their plans have followed stages that have reflected the PRI’s approach to the US market. Each stage has required distinct approaches, arguments and strategies.
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Untangling stakeholders for broader impact: ERISA plans and ESG incorporation
The US accounts for the largest share of pension assets globally. Increasingly, US investors are incorporating ESG factors into their investment decisions.
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Focusing on long-term investors in stock exchange innovation
While traditional stock exchange business models can pull revenue from diverse sources depending on the exchange, companies listing on the exchange are often considered the primary client. One disruption playing out in the United States concerns exchanges taking a deeper focus on the needs of institutional investors.
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Innovating stock exchanges to mobilize capital for impact
Traditional stock exchanges are evolving their business practices to find more innovative ways to increase capital flows to sustainable companies and projects through both listed equity and bonds.
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Stock exchange innovation: applications for blockchain
For the past few years, financial institutions have been investing in blockchain technology with the idea that it could reduce the cost and complexity of many of its processes, ranging from payments and settlements to tracking shareholder assets.
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Evolving business models and new applications of technology by stock exchanges
Evolving business models is not a new topic to stock exchanges. Historically, most exchanges were self-regulated, mutual bodies serving their broker members, and revenues were driven primarily by annual membership dues. Exchanges charged traders a fee to buy and sell stocks on a physical trading floor.
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The European Commission Action Plan: Action 9
The European Commission Action Plan: An assessment of the reform areas for PRI signatories provides an overview of the area of reforms. Action 9 focuses on strengthening sustainability disclosure and accounting rule-making.
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The European Commission Action Plan: Action 7
The European Commission Action Plan: An assessment of the reform areas for PRI signatories provides an overview of the main areas of reforms. Action 7 focuses on clarifying institutional investors’ and asset managers’ duties.
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The European Commission Action Plan: Action 5
The European Commission Action Plan: An assessment of the reform areas for PRI signatories provides an overview of the main reform areas. Action 5 focuses on developing sustainability benchmarks.
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The European Commission Action Plan: Action 1
The European Commission Action Plan: An assessment of the reform areas for PRI signatories provides an overview of the main reform areas. Action 1 looks at establishing an EU classification system for sustainability activities.
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Explaining the EU Action Plan for Financing Sustainable Growth
On 7 March 2018, the European Commission released an action plan for financing sustainable growth. The plan is a response to recommendations from the High-Level Expert Group (HLEG) on Sustainable Finance, which were submitted to the Commission on 31 January 2018.
