Due to pressure by #German #wealth managers & impacting $55.5b in #global assets, #BlackRock, the world’s biggest asset mgr, is cutting time in half for #esg violators to be removed from a number of its iShares exchange-traded funds…from 90 to 45 days. Is this really significant? #Economy #globaleconomy #Climate #sustainability #socialjustice #corporategovernance #greenwashing
https://www.reuters.com/business/finance/blackrock-fast-tracks-eviction-esg-violators-msci-linked-etfs-2023-03-09/
#greenwashing #Corporategovernance #socialjustice #sustainability #Climate #globaleconomy #Economy #esg #blackrock #global #wealth #German
Is that love in the air, or perhaps it is change?
Since the start of the year, there's been a productive shift in the #ESG narrative, one that harkens back to its roots of addressing material issues and driving value.
In this read, we'll take a look at three types of narratives that have been making the rounds:
📈ESG has value
👏You are already addressing ESG issues
🌎There is value in the values
Beyond this reframing back to its origins, ESG has another story to tell. This last story is causing conservative state leaders to revisit the costs of their anti-ESG rhetoric.
Find out more here! 👇
https://esgadvocate.substack.com/p/is-the-esg-narrative-finally-shifting
#Sustainability #CorporateGovernance #Boards #Storytelling #Value #Business
#esg #sustainability #Corporategovernance #boards #storytelling #value #business
Digital Regulation Cooperation Forum, Insight Paper on Web 3, February 2023
— Available here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1133810/DRCF_Insights_Paper_on_Web3_-_Publication_copy.pdf
#cryptoassets #cryptocurrencies #NFT #DeFi #web3 #DEX #cryptoexchange #digitalidentity #decentralization #smartcontract #distributedledger #DLT #DAO #banking #financialservices #regulation #corporategovernance #regulatorysandbox #UnitedKingdom
#unitedkingdom #regulatorysandbox #Corporategovernance #regulation #financialservices #banking #dao #DLT #distributedledger #smartcontract #decentralization #DigitalIdentity #cryptoexchange #dex #web3 #defi #NFT #cryptocurrencies #cryptoassets
Speech by Agustín Carstens, General Manager, Bank for International Settlements, BIS conference “Big techs in finance – implications for public policy” Basel, Switzerland, February 8, 2023
— Available here: https://www.bis.org/speeches/sp230208.pdf
#bigtech #finance #networkeffects #regulation #activitybasedregulation #entitybasedregulation #banking #financialservices #creditscoring #financialinclusion #privacy #financialstability #operationalrisk #resilience #corporategovernance #BIS
#bis #Corporategovernance #resilience #operationalrisk #financialstability #Privacy #financialinclusion #creditscoring #financialservices #banking #entitybasedregulation #activitybasedregulation #regulation #networkeffects #Finance #BigTech
Verena Ross, European Securities and Markets Authority Chair, Developments in AI and blockchain – how do we protect investors and supervise markets effectively?, ESMA, February 7, 2023
— Available here: https://www.esma.europa.eu/sites/default/files/library/ESMA50-164-7147_Afore_Verena_Ross_speech_20230207.pdf
#cryptoassets #distributedledger #DLT #MiCA #CASP #DeFi #artificialintelligence #blockchain #banking #financialservices #investorprotection #marketintegrity #financialstability #corporategovernance #payments #regulation #securities #ESMA #Europe
#Europe #esma #securities #regulation #payments #Corporategovernance #financialstability #marketintegrity #investorprotection #financialservices #banking #BlockChain #artificialintelligence #defi #casp #mica #DLT #distributedledger #cryptoassets
Monetary Authority of Singapore, Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Wholesale Banks and Full Banks, Version 1.2, February 2, 2023
#compliance #technologyrisk #liquidityirisk #creditrisk #operationalrisk #corporategovernance #riskmanagement #AML #CFT #banking #financialservices #regulation #MAS #Singapore #MonetaryAuthorityofSingapore #centralbanks
#centralbanks #monetaryauthorityofsingapore #singapore #mas #regulation #financialservices #banking #CFT #aml #riskmanagement #Corporategovernance #operationalrisk #creditrisk #liquidityirisk #technologyrisk #compliance
ESG is in the middle of a polycrisis.
The land grab for new ESG financial products with higher fees, combined with the investors' attention on saving the world has led to an opportunistic conflation of ESG with CSR and purpose.
As a result, we're heading to a political reckoning that will showcase the fine line between value and values.
Is ESG just a placebo or is it just misunderstood? And if it's the latter, what is the consequence for boards who aren't paying attention?
Find out here!
https://esgadvocate.substack.com/p/the-polycrisis-of-esg-itself
#ESG #Sustainability #CSR #Purpose #Boards #CorporateGovernance #FinancialServices
#esg #sustainability #csr #purpose #boards #Corporategovernance #financialservices
CFTC Commissioner Kristin Johnson, Mitigating Crypto-Crises: Applying Lessons Learned in Governance, Risk Management, and Compliance, January 26, 2023
— Available here: https://www.cftc.gov/PressRoom/SpeechesTestimony/opajohnson2
#cryptoassets #financialservices #banking #exchanges #regulation #riskmanagement #corporategovernance #compliance #customerprotection #CFTC
#cftc #CustomerProtection #compliance #Corporategovernance #riskmanagement #regulation #exchanges #banking #financialservices #cryptoassets
CFTC Commissioner Christy Goldsmith Romero, Crypto’s Crisis of Trust: Lessons Learned from FTX’s Collapse, Commodity Futures Trading Commission, January 18, 2023
— Available here: https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero5
#cryptoassets #banking #financialservices #regulation #investorprotection #marketintegrity #riskmanagement #internalcontrol #cybersecurity #corporategovernance #CFTC
#cftc #Corporategovernance #CyberSecurity #internalcontrol #riskmanagement #marketintegrity #investorprotection #regulation #financialservices #banking #cryptoassets
We expect #technology to take on the most mundane operational efforts and scale to the size of our biggest challenges. It is both a cost to maintain and an opportunity to grow.
But what happens if we deploy technology and don't maintain it or worse, don't consider our stakeholders?
This week, I build off two excellent podcast episodes from recent weeks featuring Dr. Andrea Bonime-Blanc, Charles Radclyffe, and Clara Durodié as they examine technology's risks and its crucial intersection with stakeholders. These conversations led me to consider the risk of inaction through the lens of one high-profile news story.
Check it out!
https://esgadvocate.substack.com/p/technologys-impact-on-risk-and-stakeholders
#ESG #ESGT #CorporateGovernance #SocialJustice #CustomerEngagement
#technology #esg #esgt #Corporategovernance #SocialJustice #customerengagement
As we enter 2023, one thing isn't clear: ESG
In fact, it looks like the confusion around #ESG and #sustainability has a date with Congress this year.
In discussions, I find that #FinancialServices firms understand it best but that their financial products often lack clarity. Combined with the overwhelming attention to E, S, and G issues lately, many are asking: Is it ESG or something else?
Join me as we kick off another year by revisiting the past. Can we find clarity with the UN Global Compact's 2004 whitepaper "Who Cares Wins?"
https://lnkd.in/ey6q5-Z3
#ESGInvesting #SustainableFinance #Risk #ClimateChange #SocialJustice #CorporateGovernance #Data #Sustainability
#esg #sustainability #financialservices #esginvesting #sustainablefinance #risk #ClimateChange #SocialJustice #Corporategovernance #data
I don't write about the S in #ESG nearly enough, yet one could argue that amid years of climate pledges, it was #SocialJustice issues that thrust ESG into the spotlight.
Two weeks ago, I was fortunate enough to see two panels with six amazing women who shared their experiences with DEI, social justice trends, the data challenge, impact, and having the courage to walk away.
Check out the summary of these two sessions and how it's all leading up to a new level of accountability for corporates.
https://esgadvocate.substack.com/p/its-no-accident-that-the-s-is-in
Thanks to Crystal Barnes, Devin Glenn, Ellen Holloman (for the title, too), Deepika Yadav, MBA, Tracy Akinade MBA, MA (She / Hers), and Alpana Mittal for sharing your insights!
#Equity #CorporateGovernance #Representation #Talent #HumanCapital #FundamentalRights #Diversity
#esg #SocialJustice #equity #Corporategovernance #representation #talent #humancapital #fundamentalrights #diversity
New York Department of Financial Services, “Superintendent Adrienne A. Harris Releases Virtual Currency Guidelines for Banking Organizations,” December 15, 2022
https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202212151
#cryptoassets #virtualcurrency #regulation #banking #financialservices #payments #NYDFS #NewYork #riskmanagement #corporategovernance #consumerprotection
#consumerprotection #Corporategovernance #riskmanagement #NewYork #nydfs #payments #financialservices #banking #regulation #virtualcurrency #cryptoassets
New York Department of Financial Services, “Superintendent Adrienne A. Harris Releases Virtual Currency Guidelines for Banking Organizations,” December 15, 2022
https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202212151
#cryptoassets #virtualcurrency #regulation #banking #financialservices #payments #NYDFS #NewYork #riskmanagement #corporategovernance #consumerprotection
#consumerprotection #Corporategovernance #riskmanagement #NewYork #nydfs #payments #financialservices #banking #regulation #virtualcurrency #cryptoassets
"Im Einklang mit der #Anleihegläubiger-Vereinbarung hat die #AdlerGroup ihre #Strategie angepasst, die einen Übergang zu einem ausschließlich in #Berlin verankerten# Portfolio mit einem selektiven Entwicklungsengagement und einer #Begrenzung der #Investitionsausgaben vorsieht. Darüber hinaus will die Adler Group ihre Unternehmensstruktur vereinfachen und die #CorporateGovernance weiter verbessern, indem ein #ChiefRestructuringOfficer ernannt wird."
#chiefrestructuringofficer #Corporategovernance #investitionsausgaben #Begrenzung #berlin #strategie #AdlerGroup #anleiheglaubiger
Hello, sad to be losing contact with old friends on Twitter but hope to find them here on Mastodon. As we all face huge challenges I am keen to keep learning, to stay informed and contribute to discussions and information sharing on #companylaw, #corporatelaw, #corporategovernance, #sustainability, #climatechange, #bizhumanights, #politics, #SDGs, #ESG, #sustainablefinance, #history, #geography, #medcine, #science, #lawtech, #socialjustice, #labourlaw, #EUlaw
#eulaw #LabourLaw #socialjustice #lawtech #Science #medcine #geography #History #sustainablefinance #esg #sdgs #Politics #bizhumanights #ClimateChange #sustainability #Corporategovernance #CorporateLaw #CompanyLaw
Whew. A lot of #antitrust #enforcement news in the past few weeks. Here's the Polsinelli Antitrust Team follow-up on #interlockingdirectorates, which we alerted clients about this past June. #corporategovernance #compliance #riskmanagement
https://www.polsinelli.com/publications/promise-made-promise-kept-the-justice-department-follows-through-with-interlocking-directorate-enforcement
#riskmanagement #compliance #Corporategovernance #interlockingdirectorates #enforcement #AntiTrust
Nice to see my ’Auditors’ role in corporate governance’ raises interest, 60 days #Top10 in #SSRN ’Corporate Governance: Actors & Players eJournal’ list. To be published in Birkmose, Neville & Sørensen (eds) Instruments of EU Corporate Governance: Effecting Changes in the Management of Companies in a Changing World (Kluwer, 2023)
#auditors #auditor #audit #auditing #corporategovernance #sustainability
https://papers.ssrn.com/sol3/topten/topTenResults.cfm?groupingId=1346036&netorjrnl=jrnl
#top10 #SSRN #auditors #auditor #audit #auditing #Corporategovernance #sustainability
Here is my recent #research on #sustainability #corporatesustainability #sustainabilitylaw areas: (2) Auditors’ role in corporate governance. Preprint of chapter in Hanne Birkmose, Mette Neville and Karsten Engsig Sørensen (eds) Instruments of EU Corporate Governance: Effecting Changes in the Management of Companies in a Changing World (Kluwer Law International, forthcoming 2023)
#research #sustainability #CorporateSustainability #SustainabilityLaw #auditors #Corporategovernance