Investors accuse over 700 global firms of not disclosing environmental impact

Investors accuse over 700 global firms of not disclosing environmental impact

Investors accuse over 700 global firms of not disclosing environmental impact

Environmental, social and governance (ESG) risks and reporting continue to rise up the corporate agenda, as a group of 88 global investors has accused more than 700 companies with $15.3trn market capitalisation of not adequately disclosing their environmental impact. The investors, with nearly $10trn of assets, said the global firms – including Exxon Mobil, Amazon, Volvo, BP, Chevron, Qantas Airways…

UK businesses warned of HSE crackdown

UK businesses warned of HSE crackdown

UK businesses warned of HSE crackdown

UK businesses and senior management have been warned that regulators are proactively looking to make examples of companies with poor standards in work-related ill health. Law firm Clyde & Co said the UK’s Health and Safety Executive (HSE) is “prioritising interventions and enforcement” and “seeking to maximise publicity” from enforcement action. In particular, the HSE is focused on how musculoskeletal…

Lawyers creaming off securities class actions settlements, warns Chubb

Lawyers creaming off securities class actions settlements, warns Chubb

Lawyers creaming off securities class actions settlements, warns Chubb

“Meritless” securities class actions in the US are lining the pockets of lawyers rather than compensating investors for harm, according to a new report from Chubb. It adds that the number of US securities class actions has doubled in the past four years and lawsuits loom large whenever a corporate enters into a merger or acquisition deal. According to Chubb’s…

Airmic launches captive guide for iNEDs

Airmic launches captive guide for iNEDs

Airmic launches captive guide for iNEDs

A guide to help independent non-executive directors (iNEDs) appointed to the boards of captive insurance companies is now available from Airmic. Produced in partnership with Aon, the guide to captive governance is aimed at individuals currently serving as directors on captive boards, or considering an appointment in the future. A Practical Guide for Independent Non-Executive Directors on Captive Boards also…

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains that operate through the world’s major hubs are making little or no progress in stamping out child labour, finds new research from Verisk Maplecroft. In its Child Labour Index, the risk analytics firm said manufacturing hubs most entwined in global supply chains – including China, India, Bangladesh, Vietnam and Cambodia – have “not recorded any improvement”…

AI creates new risks one year on from GDPR: Marsh

AI creates new risks one year on from GDPR: Marsh

AI creates new risks one year on from GDPR: Marsh

The EU’s General Data Protection Regulation (GDPR) has amassed €56m in fines and brought 200,000 cases in 31 countries during its first nine months, according to figures by Marsh. The broker said enforcement shows the regulation has reach beyond data breach notification and warned that the use of AI will create new GDPR risks. Google was fined €50m by French…

Official review says UK Modern Slavery Act needs strengthening

Official review says UK Modern Slavery Act needs strengthening

Official review says UK Modern Slavery Act needs strengthening

The UK government must strengthen its Modern Slavery Act, according to a review that recommends 80 changes to protect victims of modern slavery. The review says the current law needs more “teeth” to ensure businesses wipe out modern slavery from their supply chains. The review proposes that six areas in which companies are currently asked to report on each year…

Ferma publishes key lobbying priorities for next European parliament

Ferma publishes key lobbying priorities for next European parliament

Ferma publishes key lobbying priorities for next European parliament

Ferma has published a manifesto listing its four risk management and insurance lobbying priorities with EU policymakers and institutions in the next parliament, which follows elections later this month. The areas of focus are digital transformation, transition to a sustainable economy, risk management education and ensuring a stable insurance market. European elections on 23-26 May will mean a new European…

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