• The Wall Street Journal reports how Unilever to Add Activist Investor Nelson Peltz to Board: “Trian Fund Management holds a 1.5% stake in the Dove soap owner”.
• The Wall Street Journal reports that FedEx Boosts Dividend, Adds Directors in Deal With Activist D.E. Shaw: “Company raises its quarterly dividend by 53% and changes its compensation plan for executives”.
• Bloomberg reports that Activist Bluebell Adds Pressure on Glencore to Fix Coal Unit: “Activist investor Bluebell Capital Partners has again asked Glencore Plc to overhaul its climate policy, while seeking support from other shareholders to push for reform at the commodities giant.”
• The Financial Times reports on A bitterly divided board, Birkin bag bonuses and a fight for control: “Aerojet Rocketdyne’s chief executive is battling the missile company’s executive chair.”
• The Financial Times reports that Activist shareholder Nelson Peltz in tussle with insurgent investors: “Group of asset managers demands changes on board of Trian Investors 1 fund to ‘restore trust’”.
• The Financial Times reports that Countryside up for sale after shareholder pressure: “UK housebuilder starts sales process just weeks after rejecting bid from US fund.”
• Reuters reports that Hedge fund Elliott sues LME for $456 million over nickel trading halt: “U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said on Monday.”
• The Wall Street Journal reports that Toy Maker Hasbro Defeats Activist in Proxy Fight: “Shareholders of the Nerf maker support its directors by a wide margin.”
• The Wall Street Journal reports on Carl Icahn Dropping Proxy Fight Over Pig Treatment at Kroger: “Investor says in letter to shareholders he has concluded he was likely to lose the campaign, as he did with McDonald’s.”
• The Financial Times reports that Tech billionaire wins activist fight against Australia’s biggest polluter: “Top executives quit after Mike Cannon-Brookes forces energy group AGL to cancel coal plant spin-off.”

• Bloomberg reports that Deutsche Bank, DWS Raided Over Allegations of Greenwashing: “Deutsche Bank AG and its asset management unit had their Frankfurt offices raided by police, adding to the legal headaches facing Germany’s largest lender. Law enforcement officials on Tuesday morning entered the twin towers where Germany’s largest lender is headquartered, as well as the nearby premises of DWS Group, according to a statement from the prosecutor that confirmed an earlier Bloomberg report. The search is related to accusations of greenwashing against the asset manager.” Separately, the Wall Street Journal reports that the SEC Is Investigating Goldman Sachs Over ESG Funds: “Regulator’s civil probe focuses on bank’s mutual-funds business, according to people familiar with the matter.”
• The Financial Times reports that Regulators take aim at ESG ratings in fight against greenwashing: “Governments and watchdogs focus on transparency, conflicts of interest and validity of metrics”.
• IPE reports on Stuart Kirk and the ‘fault line in the ESG debate’: “ESG investing has been coming under intense scrutiny recently. Last year there was Tariq Fancy’s attack on ESG and greenwashing, for example, and then news broke about investigations of alleged greenwashing by DWS.”
• Reuters reports that Corporate America looks for leeway on U.S. climate disclosures: “Groups including the U.S. Chamber of Commerce, the Bank Policy Institute, the National Association of Manufacturers (NAM) and the American Petroleum Institute (API) asked the Wall Street regulator for more discretion in the details they provide to investors, according to public correspondence sent to the agency.”
• ESG Today reports Over 70% of Execs Lack Confidence in Their Own ESG Data Reported to Stakeholders: “For the report, “ESG Reporting Global Insights 2022,” Workiva commissioned a survey of 1,300 senior decision makers at businesses with over 250 employees, across a broad range of sectors and 13 global markets. Each respondent to the survey participated in their organizations’ ESG reporting and strategy.”
• ESG Clarity reports SEC’s climate disclosure proposal hits nerves: “The SEC’s ambitious plan to make public companies report their climate risk is getting mixed reception from the investing world, with Scope 3 emissions disclosure among the most controversial aspects.”
• Corporate Knights reports Mastercard ties ESG to all employee pay: “In response to heavy lobbying by institutional shareholders who see climate change as an existential risk, some 25% of U.S. public companies now include some form of environmental or social metric as part of their executive incentive plans, says proxy advisory firm Glass Lewis & Co. That’s up from just 16% two years earlier.”
• The Financial Times reports on The war on ‘woke capitalism’: “Rightwing populists and industry sceptics are mounting a backlash against a vision for business that looks beyond profits.”
• The Responsible Investor reports that BlackRock opposes racial justice audits at McDonald’s and Chevron: “Investment behemoth discloses opposition, despite committing to undergo a similar audit and supporting a racial audit proposal at Johnson & Johnson last year.”
• IPE published an article titled Ahead of the curve: tie executive pay to climate targets: “AllianzGI and Cevian Capital take very different approaches to how we manage equity portfolios, but we are both long-term and active owners of companies. Following a series of conversations about how to best implement ESG criteria in our portfolios, we have found a common perspective.”
• Trym Riksen posted piece on LinkedIn titled ESG in Practice: Small is ugly:  “Big is beautiful. That is the clear message from the ESG rating companies. On average, bigger companies get higher ESG ratings than smaller companies”.
• The Financial Times reports on the The holes in holistic ESG indices: “Choices over inclusion in benchmarks of goodness are dubious in nature”
• The Financial Times reports that Glencore and BHP say methane from ‘gassy’ open-cut coal mines cannot be captured: “Satellite imagery suggests emissions may exceed what mining companies have been reporting”.
• The Wall Street Journal reports that Investors Balk at Tough Climate Proposals: 2022 Proxy Voting Roundup: “Votes on environmental and social issues increased by more than a third while those on racial-justice reporting more than doubled”.
• Financial Times reports that Asset managers told to clean up greenwashing and net zero claims: “Financial regulators clamp down on companies misleading investors by overstating the greenness of their funds”
• The Financial Times reports that Stakeholder capitalism is ‘not woke’, says JPMorgan’s Jamie Dimon: “Chief executive pushes back against criticism of corporate America’s environmental and social agenda.”

• Reuters reports that BlackRock extends AGM vote choice to more equity index clients: “BlackRock (BLK.N), the world’s biggest asset manager, said on Monday that clients owning nearly half of its $4.9 trillion in equity index assets were now free to control how votes are cast at the annual meetings of the companies in which their funds invest. The move marks an expansion of BlackRock's 'Voting Choice' programme, launched last October by the New York-based company, which manages around $10 trillion in assets, and which aims to offer institutional clients more say on topics that matter to them. The programme comes during a tumultuous period for the asset manager as it faces criticism in the United States and elsewhere over the way it votes on behalf of clients on issues including climate change, diversity and executive pay. Since launch, clients holding $120 billion of assets have opted to take control of the voting process, taking total assets covered by the programme, including clients in segregated mandates, to $530 billion, it said.”
• Reuters reports that Pension investors launch campaign against dual-class share structures: “Leading UK and U.S. pension investors managing more than $1 trillion have launched a campaign to stop companies using dual-class share structures that concentrate voting power in the hands of certain shareholders at the expense of others. Launched by British railways pensions scheme Railpen and the non-profit Council of Institutional Investors (CII), others backing the Investor Coalition for Equal Votes (ICEV) include the New York City Comptroller's Office and the Washington State Investment Board. Companies with dual-class structures have two or more types of shares with different voting rights - usually one with greater voting rights for founders or early investors, and another for other shareholders with less voting power. The imbalance means most investors have less control over how the company is run and can make it harder to collectively push back on issues such as executive pay and corporate strategy.”
• The Economist argues Why Proxy advisers are losing their power: “The golden age for ISS and Glass Lewis is over”.
• The Financial Times reports that EY plans global audit spin-off in drastic Big Four shake-up: “Sweeping overhaul would allow firm to escape conflicts of interest with consulting business that dog the industry.”
• The Wall Street Journal reports on The 70 BlackRock Analysts Who Speak for Millions of Shareholders: “The firm’s investment stewardship team votes $4.6 trillion worth of shares for passive investors; ‘it can feel like a lot of power’”.

• The Guardian reports that EU agrees ‘landmark’ 40% quota for women on corporate boards: “Binding targets for boardroom gender equality come 10 years after proposals first made”. See here for the press release.
• Reuters reports that the EU agrees deal on company disclosures to combat greenwashing: “The European Union has reached a deal on corporate sustainability reporting requirements for large companies from 2024, a European Parliament committee said on Tuesday.”
• IPE reports that Investor groups welcome deal being struck on EU CSRD, next stop standards: “Corporate Sustainability Reporting Directive ‘essential for coherent implementation’ of EU sustainable finance framework”
• The European Securities and Markets Authority published the Results of its Call for Evidence on ESG Ratings: “The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today publishes a letter to the European Commission (EC) providing its findings from the Call for Evidence to gather information on the market structure for ESG rating providers in the European Union (EU).”

• The Financial Times reports that Investors flag concerns over weakening pay rules for non-execs: “Ministers warned that deregulation could threaten independence of watchdog role”.
• The Wall Street Journal reports that Plans to Address Audit Failures in the U.K. Raise Concerns: “The U.K. government’s proposal on audit oversight rules doesn’t go far enough, some regulators and academics say”. See here for the official announcement.
• The Financial Times reports that the FRC chair promises new boardroom audit rules for UK companies: “Sir Jan du Plessis says government ‘missed opportunity’ by dropping proposed oversight rules”
• The Financial Times reports about How to split a Big Four firm — and keep 13,000 partners happy: ”The historic break up of EY’s audit and advisory business will require the rare alignment of competing interests”
• The Financial Times reports that Polymetal appoints new auditor to replace Deloitte: “Anglo-Russian miner hires MHA MacIntyre Hudson after Big Four firm’s departure put London listing under threat”.
• Reuters reports how JD Sports lays out plan to improve corporate governance: “British retailer JD Sports Fashion (JD.L) laid out plans to overhaul its corporate governance structure and internal controls on Wednesday after a review led to the exit of long-time boss Peter Cowgill last month.”
• The Financial Times reports on CEO pay: shareholders must show their teeth: “Big pay awards look set to draw more opprobrium in this annual meeting season.”
• The Financial Times reports that UK CEO pay recovers to pre-Covid levels despite cost of living crisis: “Median remuneration hits £3.6mn as corporate boards shed pandemic restraint.”
• The Financial Times reports that PwC fined £5mn over audits of London-listed construction groups: “UK regulator hands out penalties for failings on accounts of Kier and Galliford Try.”
• The Financial Times reports that Informa investors stage biggest pay report rebellion in a decade: “More than 70% of events group shareholders vote against 2021 remuneration but back new pay policy”.
• The Times reports that Pendragon shareholders in pay revolt: “Pendragon suffered a huge shareholder revolt over executive bonuses as almost two-thirds voted against the remuneration report at the car dealer’s annual meeting.”

• Novethic Eseential reports on AGMs in 2022: a first half-hearted assessment on climate and governance (“AG 2022 : un premier bilan en demi-teinte sur le climat comme la gouvernance”): “Reclaim Finance launched a campaign entitled "Will they vote for or against the climate? For its part, Proxinvest had scrutinised all the strategies submitted to the "Say on Climate". The aim was to make the climate a determining factor in shareholder voting at the general meetings of major energy and finance companies. The result? A cold shower for the director of the NGO, Lucie Pinson, and a taste of unfinished business for Loic Dessaint, director of governance at Proxinvest.”
• Les Echos reports on The Environment: Veolia shareholders unanimously approve its new governance structure (“Environnement : unanimes, les actionnaires de Veolia approuvent sa nouvelle gouvernance”): “The general meeting of the French environmental giant showed its confidence in its future CEO, Estelle Brachlianoff, by approving, by 98%, her appointment to the board of directors. The reappointment of Antoine Frérot as chairman was a formality. However, he had to give up an exceptional bonus for the successful takeover of Suez.”
• Les Echos asks Are Say on Climate resolutions Greenwashing? (“Le Say On Climate est-il du greenwashing?”): “Shareholders vote in favour of resolutions proposed by companies on their climate ambitions at general meetings. However, they are often the subject of massive criticism from investors or NGOs. Some regret the lack of a standardised framework. What if the legislator intervened?”
• Les Echos reports on Carrefour: Alexandre Bompard's 2021 remuneration validated ex-post by the shareholders (“Carrefour : la rémunération 2021 d'Alexandre Bompard validée à reculons par les actionnaires”): “At the group's general meeting, the remuneration of Carrefour's CEO for 2021 received almost 59% of votes in favour from the shareholders. This is still slightly less than in May 2021, when the principle of this remuneration was approved with 63% of the votes. The 2022 remuneration was approved with more than 80%.”

• The DCGK announced that New German Corporate Governance Code in force: “Following the latest reform, the Code puts particular emphasis on sustainable corporate governance. The management board shall systematically identify and assess the opportunities and risks for the company associated with social and environmental factors, as well as the environmental and social impacts of the company's activities. Also, environmental and social goals shall be taken into account in corporate strategy and planning.” The English version of the Code can be found here and the German version can be found here.
• The German Bundestag reported on the Disagreement on bill on virtual general meetings (“Uneinigkeit über Gesetz entwurf zur virtuellen Hauptversammlung”): “The coalition factions want to permanently establish the so-called virtual general meeting of stock corporations introduced in the course of the pandemic . A corresponding draft law […] was discussed in a public hearing in the Judiciary Committee on Wednesday, June 22, 2022. The opinions of the experts differed: while investor associations rated the draft positively, business associations saw problems for listed companies. Lawyers and legal scholars emphasized the need for a legal basis for virtual general meetings, but saw room for improvement in the submission. In the subsequent rounds of questions in the hearing, chaired by committee chairwoman Elisabeth Winkelmeier-Becker (CDU/CSU) , the topics of shareholder rights and legal certainty were in the foreground.” 

• Il Sole24Ore reports on Women on Boards of Directors: Quotas are needed but not enough on their own (“Donne ai vertici dei Cda, le quote servono ma da sole non bastano”). “Although gradually improving, forms of gender discrimination persist in corporate governance even in a country like Italy that has adopted gender quota regulations.”
• La Stampa reports on Borsa, Grieco (Assonime): impoverishment of the stock exchange, we must question the rigidity of rules (“Borsa, Grieco (Assonime): impoverimento listino, interrogarsi su rigidità regole”): “‘While waiting to really work towards a capital market union, we must work on the weakness of the Italian economic-financial system, and thus also on the weakness of our capital markets. We must pursue all avenues, such as simplification and greater autonomy left to companies and their statutes, avoiding gold plating phenomena and interventions, and improving the cost-benefit ratios that each company must evaluate when deciding whether to join the list or instead turn to private equity'. These were the words of Patrizia Grieco, president of Assonime (the Association of Italian Joint-Stock Companies) and Banca Monte dei Paschi di Siena, speaking at the conference on 'Corporate governance in times of transition', organised by Consob, the Italian Corporate Governance Committee and Assonime.”
• Il Sole24Ore argues that Capitalism can also change from the inside (but it will not be easy) (“Il capitalismo può cambiare anche dall’interno (ma non sarà affatto facile)”): “Defining the company purpose concerns and divides both who carries out the economic activity such as owners, managers and directors, and who provides economic, legal and managerial analysis on such activity.”
• ETica News reports on the ESG stocks looking for tranquillity (“Azioni Esg in cerca di tranquillità”): “The most sustainable stocks in Piazza Affari are finally finding support after a period in which were subject to a strong downward pressure. But it is too early to declare the beginning of an uptrend.”
• Teleborsa reports that MIB ESG, Terna riconfermata nell’indice blue-chip per l’Italia (“MIB ESG, Terna riconfermata nell’indice blue-chip per l’Italia”): “Terna, company led by Stefano Donnarumma, was included, for the second consecutive year, in the MIB ESG, the blue-chip index for Italy, created last year and dedicated to the environmental, social and governance (ESG) best practices.”

• The Financial Times reports on The Swiss blogger with the market-moving story of the week: “Tale about an unlikely combination between State Street and Credit Suisse left many looking credulous”. Read the original blog post here.
• RTS reported on how the Ethos Foundation was a “UFO” when it started 25 years ago (“La Fondation Ethos était un "ovni" à ses débuts il y a 25 ans”): "In the early days of the Ethos Foundation 25 years ago, 'the German-speaking Swiss called us communists', recalled its director Vincent Kaufmann on Sunday's Forum programme. Since then, the socially responsible fund has made things happen, particularly with regard to the holding of multiple executive positions. On 2 February 1997, two Geneva pension funds, one public (CPEG) and the other private (CPPIC), joined forces to create the Ethos Investment Foundation. At the time, the aim of the foundation was to 'promote socially responsible investment', explains its director, Vincent Kaufmann, on the Forum programme. At the beginning, the criteria were more ethical, but quickly shifted to sustainable development," he adds.

• The CNMV publishes its annual report for 2021:  The report analysis the markets and details the developments in financial disclosures and corporate governance of issuers.
• The CNMV has published a New Circular on Forms for Notification of Major Holdings, Treasury Shares and Application for Exemption from Notification of Significant Holdings of the Exemption from Notification: “New text that responds to the novelties of Law 5/2021, of April 12, promoting the long-term involvement of shareholders in listed companies, affecting the transparency obligations of directors”.

• The Associated Press reports Pay for female CEOs rose 26% in 2021, but ranks remain small: “Median pay for the women occupying the corner office rose to nearly $16 million, according to the annual survey done by Equilar for The Associated Press. Still, experts say there’s much more to be done to improve gender diversity in the corporate ranks and close the pay gap between men and women.”
• The Wall Street Journal reports that More Investors Are Voting Against Big Companies’ Auditors: “The votes are not binding and the numbers are small. But shareholders are pushing back against what they see as shoddy accounting and the possibility that lucrative extra work is eroding the independence of the audit.”
• The Wall Street Journal reports that Small Businesses Plead With SEC to Show Restraint on Climate Rules: “While larger companies gave the SEC’s climate proposal mixed reviews, comment letters from small business groups had a tone closer to existential dread”.
• The Responsible Investor reports that Asset managers and banks scramble to avoid Texas divestment: “World’s largest banks and managers deny they meet Texas’s legal threshold for boycotting fossil fuels.”
• The Financial Times reports that US investors rebel against high executive pay: “Support for ‘say on pay’ votes is falling as top managers look set to earn record amounts this year.”
• The New York Times reports How Elon Musk Helped Lift the Ceiling on C.E.O. Pay: “The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.”

• Reuters reports that China's central bank accepts Ant's application for financial holding company: “China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma's fintech business and reviving its stock market debut. The People's Bank of China's (PBOC) expected approval of the plan is the latest sign that Ant, a tech giant with financial businesses stretching from payments to wealth management, is poised to emerge from a regulatory crackdown. Chinese authorities abruptly pulled the plug on Ant's IPO, set to raise $37 billion in the world's biggest listing, in November 2020, soon after tech billionaire founder Ma gave a speech accusing financial watchdogs of stifling innovation. Ant had been valued as a tech firm for its IPO, but the forced change to a financial holding company will make it subject to capital requirements and regulations similar to those for banks.”
• SCMP reports on How China’s new complaints procedures can prevent ‘green’ ESG investments from harming local communities. “On June 1, Beijing issued green finance guidelines for Chinese financial institutions. Notably, Chinese banks and insurers are asked, for the first time, to establish grievance mechanisms to manage clients’ environmental, social and corporate governance (ESG) risks. This comes amid a global backlash against ESG investors, who are under fire for making hollow commitments amid increased regulatory and public pressure. Increasingly, investors are adopting grievance mechanisms to help them understand the impact and prevent harm, as a response to the pressure to show ESG integrity, and because certain industry standards now require them.”
• Reuters reports that China's draft cybersecurity rules pose risks for financial firms, lobby group warns: “China's proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other things, a leading lobby group has said in a letter seen by Reuters. The latest regulatory proposal comes at a time when a string of western investment banks and asset managers are expanding their presence in China, either by setting up wholly-owned units or by taking a bigger share in existing joint ventures. The China Securities Regulatory Commission (CSRC) released the draft Administrative Measures for the Management of Network Security in the Securities and Futures Industry on April 29, and offered a month-long public consultation on the proposals. The draft rules seek to make it mandatory for investment banks, asset managers, and futures companies with operations in China to share data with CSRC, allow regulator-led testing, and help set up a centralised data backup centre.”

• Cross-Agency Steering Group announces launch of information and data repositories and other progress in advancing Hong Kong’s green and sustainable finance development: “Established in May 2020, the Steering Group is co-chaired by the Hong Kong Monetary Authority and the SFC. Steering Group announced progress made and the way forward to advance Hong Kong’s leading position in green and sustainable finance (GSF) and help the financial ecosystem’s transition towards carbon neutrality. At the same time, it also announced the launch of the GSF Data Source Repository to support the financial sector in locating data sources for climate risk management and other GSF-related analysis and research.”
• SCMP reports on Climate-change: BlackRock votes against fewer directors as more companies adopt TCFD framework for risk disclosures, panel hears: “In Hong Kong, a cross-agency regulatory steering group led by the Hong Kong Monetary Authority and the Securities and Futures Commission announced in December 2020 that it aims to align listed firms’ climate-related disclosures with TCFD recommendations by 2025. More companies in Asia are adopting a rigorous international framework for disclosing climate risk, resulting in fewer companies seeing the world’s largest asset manager, BlackRock, vote against re-election of their directors, its regional head of investment stewardship said during a panel discussion. The move towards the globally comparable TCFD (Task Force on Climate-related Financial Disclosures) framework is a welcome one, said Amar Gill, managing director and head of investment stewardship in Asia-Pacific for BlackRock. BlackRock has been looking at whether companies are reporting according to the TCFD framework, released by the Basel-based Financial Stability Board in 2017, since last year. TCFD requires scenario planning for different levels of global warming, as well as the disclosure of both medium and long-term emissions targets.”
• SCMP reports that Hong Kong poised to help China reach its climate change goals: “Many cities are taking action to be environmentally friendly and Hong Kong was an early starter and is among the front-runners in Asia, that proactive stance puts it in a strong position to be the premier green finance center for the Greater Bay Area and region. With the continued investment by the government and companies and sustainable lifestyles of Hongkongers, local goals can be met and a significant contribution made towards attaining national targets. Financial Secretary Paul Chan Mo-po, in his keynote address, laid out the investments and achievements to reduce the city’s carbon footprint and contribute to the global target of limiting global warming to within 1.5 degrees Celsius of pre-industrial levels. Power plants are cutting back on fossil fuels, electric vehicles are more prevalent and waste -to-energy and waste-to-resources facilities are rising in number. Decarbonization efforts have achieved laudable results, emissions being down about 20 per cent in 2020 on 2005 levels. That puts the city in good stead to attain a target of carbon neutrality by 2050, 10 years ahead of the national aim.”

• The Wall Street Journal reports that Toshiba Shareholders Vote to Add Activist Investors to Board: “Representatives from Elliott Management, Farallon Capital to be outside directors.”
• The Financial Times argues that AGM season in Japan shines an unforgiving light on corporate governance: “There are signs that domestic institutional stewardship may not be the painless rubber stamp it once was”

• The Times of Israel reports that Investment ratings firm Morningstar drops human rights tool over Israel bias: “After review, Chicago-based company finds Human Rights Radar was improperly weighted, rejects BDS claims but admits being ‘overly dismissive’ of concerns from Jewish groups”.

• The Australian reports that ASIC warns of crackdown on greenwashing: “ASIC is closely watching ESG cases winding their way through the court as the regulator moves to lift its focus on greenwashing.”
• The Financial Standard Sustainability reports on how the Industry reacts to ASIC greenwashing guidance: “The Australian Securities and Investments Commission's (ASIC) recently released information sheet on greenwashing is a good first step in setting the regulator's expectations, but experts say there is more to be done to improve disclosure on the full gamut of ESG investment products.”
• The Australian Business Review reports that BCG says: Detail ESG, climate actions to win positive market response: “ASX-listed companies need to give detailed statements about their planned actions on climate change and sustainability if they are to get a positive response from shareholders.”
• The Australian Financial Review reports that Kean to publish corporate heroes and laggards list on gender equality: “The NSW government will begin publishing an annual list of the state’s best and worst companies on gender equality as part of a raft of budget measures to drive up women’s economic participation.”
• The Financial Standard Sustainability reports on Calls for transformation, climate skill in AGL board renewal. “The pending departure of the CEO and chair and other AGL board members highlights an urgent need to bring both climate change and company transformation experience to the refreshed board, according to recruitment and governance experts.”
• The Financial Standard Sustainability informs HESTA pushes legal alignment to UN Declaration of the Rights of Indigenous People: “Super fund HESTA says aligning Australian law to the United Nations Declaration of the Rights of Indigenous People (UNDRIP) would enhance outcomes for Indigenous Australians as well as stronger long-term returns for super fund members.”