Will Financial Regulators Act on Climate? prospect.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prospect.org Daily Mail and Mail on Sunday newspapers.
“Through benchmarking our business against TCFD and SASB standards, and in consultation with our stakeholders, we identified and prioritized our ESG framework,” said Judy Cotte, Director and Chair of the Sustainability and ESG Board Committee. “Within the traditional pillars of ESG, Gibson has identified GHG emissions, diversity and inclusion, health and safety and community impact as our most immediate focus areas. In each of these areas, we have set aspirations with interim milestones to ensure accountability to these targets and build upon our leadership position.”
“While we, along with the rest of the Canadian energy industry, are already operating within one of the most robust ESG regulatory frameworks in the world, taking this decisive action through the setting of targets, including interim milestones to achieve those targets, will help accelerate our efforts within each of these purpose-driven areas of focus,” said Sean Wilson, Gibson’s Senior Vice Presiden
Proxy season action on climate change will be hard to avoid
Eli Kasargod-Staub thinks investors are starting to take climate change risk seriously.
It will be hard for corporate directors to not take climate change personally this proxy season, as institutional investors and regulators ramp up pressure for them to take meaningful action or get out of the way.
Investors are armed with a new metric for measuring a company s progress on climate change and a more collaborative approach for holding corporate directors and senior management directly responsible through proxy voting. And they are getting critical backup from regulators like the Securities and Exchange Commission, where climate risk is starting to feature prominently in both corporate reporting and enforcement priorities.
Gibson Energy Recognized as Sustainability Leader and Announces Establishment of Expanded Sustainability and ESG Targets einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Brexit
Please see the Other Developments section for the MoU agreed between the ECB, FCA and BoE on post-Brexit supervisory cooperation, effective from 1 January.
Capital Markets
Please see the Markets and Markets Infrastructure section for a speech by Mairead McGuinness, European Commissioner for Financial Services, Financial Stability, and Capital Markets Union on future regulatory developments.
Consumer / Retail
Please see the Markets and Markets Infrastructure section for a statement by Steven Maijoor, ESMA Chair, to the EP’s Economic and Monetary Affairs Committee relating to GameStop share trading and related phenomena.
FCA finalised guidance for firms on the fair treatment of vulnerable customers