Lawyers should be ‘ethically obliged’ to inform clients of climate risks, open letter says September 15, 2022 Lawyers have said the legal sector should be forced to inform their clients of the legal risks of investing in projects that are inconsistent with efforts to keep global warming below 1.5˚C In an open letter, more than 100 top lawyers called on regulators to ensure solicitors and barristers are “ethically obliged” to advise their [...]
Accenture snaps up Carbon Intelligence in fifth ESG focused acquisition this year September 4, 2022 Accenture has snapped up London headquartered ESG consultancy Carbon Intelligence, in its fifth sustainability-focused acquisition this year. The acquisition, for an undisclosed sum, will see Carbon Intelligence’s 160 consultants join the New York listed IT consultancy’s more than 700,000 strong workforce. Founded in 2011, Carbon Intelligence helps clients calculate their carbon footprints and sells advice [...]
It is the death of sustainability as merciless cost of living mayhem pushes UK firms into survival mode September 1, 2022 With the cost of living crisis predicted to continue for the foreseeable, nearly 8 in ten Brits are now worried about how the ongoing mayhem is going to negatively impact the environment. In fact, a third of all British business owners have dropped sustainability as a priority with just less than one in five still [...]
City impact investment chief Jim Roth on greenwashing: ‘If you can’t measure it, you cannot manage it’ August 31, 2022 So-called “green” investment claims, and the substance behind them, are dominating the agenda of many City firms and the wider UK business community. ESG disclosure regimes aim to counter “greenwashing” by requiring financial firms who have marketed their investment products as “green” to disclose data relevant to their investments’ sustainability. However, the relatively new City [...]
KPMG to rerun vote for head of UAE firm after partners raise governance concerns July 21, 2022 The head of KPMG’s business in the United Arab Emirates (UAE) has said the firm will rerun the election for his position, and bring in an external law firm to oversee the process, after partners attempted a coup aimed at ousting him from the firm. The election rerun comes after two senior partners at KPMG [...]
Scenario planning on the ‘net zero’ energy transition July 19, 2022 | City Talk For investment managers, prioritising one scenario over all others can have far-reaching consequences. This is especially true when it comes to the energy transition to ‘net zero’ greenhouse gas emissions – achieving a balance between carbon emitted into the atmosphere and carbon removed from it – quite literally a hot topic at present as a [...]
Stricter ESG rules needed to stamp out greenwashing, City minister warns July 18, 2022 Sustainable investing needs stricter standards in place or greenwashing will continue to rise, the newly appointed City minister warned today.
How do the ESG requirements apply to crypto? July 15, 2022 Cryptocurrency and blockchain firms need to consider their ESG position, say Sam Robinson and Laura Houet of CMS Law.
Exclusive: 75 per cent of corporate legal departments are over budget July 14, 2022 The majority of corporate legal departments are running over budget, with almost a third doing so “substantially”. Around sixty per cent have seen an increase in their workload over the past year, but they have struggled to cope with budgetary constraints, and are over-spending. The data was published in the 2022 State of the Corporate [...]
ESG faces reckoning after being ‘hijacked’ by marketeers, EY sustainability chief warns July 14, 2022 EY’s sustainability chief said the ‘environmental, social and governance’ (ESG) label had been “hijacked” by marketeers today as the firm called for greater scrutiny and regulation of the space to prevent it falling into “disrepute”.