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Human Rights
Asset managers say the decision to exit was taken after extended engagement efforts.
Legal affairs committee vote paves way for due diligence directive to move on to a full plenary vote next month.
It comes as the taskforce launched a guide on considering social factors in pension scheme investments for trustees.
The latest setback comes after last week’s unsuccessful vote and efforts to ease corporate burdens.
Filers push for better reporting on human rights efforts after the logistics firm last year announced joint venture with Saudi Arabia's Neom.
Investor backed "100% of human-rights related" proposals at US firms in 2023, as Church Commissioners and HSBC AM target management on issue.
Stakeholders lambast lobbying as future of due diligence directive hangs in the balance.
Report sheds light on key topics for ICCR members, with climate still in focus and AI rising up the agenda.
The latest developments in sustainable finance: New York State to divest eight oil and gas companies; ASEAN stock exchanges to develop joint ESG disclosure regime.
Investors call out ExxonMobil lawsuit; ESG proposals at Tyson Foods fail to get majority support; FPIC resolution filed at RBC.