Katie Keir
One of the next big developments on the environmental, social and governance (ESG) scene will be the May release of the CFA Institute’s draft standards for ESG investment products.
The CFA Institute isn’t aiming to reinvent the wheel or set definitive global standards, said Brian Minns, vice-president of sustainable finance at Montreal-based Addenda Capital and member of the CFA Institute’s ESG technical committee.
Minns spoke during a panel on emerging ESG standards at the the Responsible Investment Association’s Feb. 25 symposium on proxies, policies and taxonomies. He said the CFA Institute is aiming to “weave together the different bits and pieces that we’re seeing develop around the world” in an effort to provide clarity around ESG standards.
Rogers Releases Inaugural Environmental, Social and Governance Report financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
TEGNA Inc. Reports Record 2020 Fourth Quarter and Full-Year Results, Provides First Quarter and Full-Year 2021 Outlook
By
Staff
4 weeks ago
Results reflect ongoing execution of long-term strategy and strength of operations, with record performance including unprecedented political advertising revenues, continued strength of high-margin and recurring subscription revenues, record GAAP net income of $483 million and more than $1 billion in Adjusted EBITDA
Company exceeds full-year 2020 guidance provided prior to the COVID-19 pandemic for all key financial metrics
2021 first quarter and full-year guidance driven by significant subscription revenue growth and improving advertising and marketing services (“AMS”) revenues; AMS expected to finish positive in the first quarter after continuous sequential quarterly improvements since the height of the pandemic in the second quarter of 2020
The European Commission’s review of the Non-Financial Reporting Directive (NFRD), scheduled for publication shortly, comes at a time of increased scrutiny of both corporates and those who supply them with debt and equity.
NFRD has mandated a non-financial statement for companies with over 5,000 employees since 2017. It introduced the concept of ‘double materiality’ – the effect of sustainability issues on the company as well as of the company on wider society.
The EU is now set to expand the scope of non-financial reporting as a means to encourage sustainable behaviour by companies as part of the European Green Deal and the EU’s 2050 carbon-neutrality target. The aim is to shift capital and resources towards activities outlined in the Taxonomy for Sustainable Activities in support of these objectives, and presumably over time to raise the cost of capital to non-sustainable companies and activities.
Cryoport Reports Record Results for Full Year 2020 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.