Basel proposes crypto disclosures by banks from January 2025
LONDON (Reuters) – Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025 to support “market discipline” by giving a complete…
GE must face shareholder lawsuit over accounting, disclosures; judge urges settlement
By Jonathan Stempel NEW YORK (Reuters) – General Electric failed to persuade a Manhattan federal judge to dismiss a long-running shareholder lawsuit accusing it of concealing risks at its power business, and…
Standards body proposes rules for auditing company climate disclosures
By Huw Jones LONDON (Reuters) – A global body on Wednesday proposed its first set of comprehensive rules for auditing climate-related company disclosures in an anticipated move regulators have said is crucial…
Tesla returns to S&P 500 ESG index with more environmental disclosures
By Ross Kerber (Reuters) – Tesla Inc has returned to the S&P 500 ESG index, the sustainable investing-focused market index, after the electric car maker added environmental disclosures. Tesla was cut from…
Downer faces second class action lawsuit over breach of contract disclosures
(Reuters) – Australia’s Downer EDI said on Friday it was served with a second class action lawsuit by certain shareholders alleging breach of disclosures regarding a maintenance contract undertaken by the company’s…
U.S. SEC votes to increase disclosures around trading plans by insiders
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday voted to amend the Securities Exchange Act to expand disclosures around the trading of company shares by insiders, such as…
U.S. SEC considering action against SolarWinds over cyber disclosures
(Reuters) – The U.S. Securities and Exchange Commission has recommended an enforcement action against SolarWinds Corp over its public statements on cybersecurity and procedures governing such disclosures, the software firm said on…
Global firms urge governments to require mandatory disclosures on nature
By Juliette Portala (Reuters) – Over 330 businesses on Wednesday urged world leaders to force large companies to assess and disclose their impact on nature by 2030, ahead of the COP15 global…
Corporate climate disclosures jump again in 2022 – CDP data
LONDON (Reuters) – Companies worth half of total global market capitalistion are now disclosing environmental data after a 42% year-on-year rise in the number of firms reporting, new data published on Wednesday…
Engine No. 1 rushes to back ESG disclosures at top companies
By Ross Kerber (Reuters) – Sustainability-focused hedge fund Engine No. 1 has backed 83% of shareholder resolutions on environmental, social and governance (ESG) topics at top U.S. companies so far this year…
NZ cenbank reaffirms support for plans to tighten climate risk disclosures
(Reuters) – New Zealand’s central bank said on Tuesday it continues to support plans from an independent government body to strengthen climate-related disclosures by the country’s financial firms. Last year, New Zealand…
Netflix shareholders sue over subscription slump disclosures
By Jody Godoy (Reuters) – Netflix Inc has been hit with a shareholder lawsuit in a U.S. court in California accusing the streaming entertainment company of misleading the market about its ability…
Alleghany shareholder sues to block $11.6 billion Berkshire buyout over lack of disclosures
By Jonathan Stempel NEW YORK – Alleghany Corp, which agreed last month to be acquired by Warren Buffett’s Berkshire Hathaway Inc, was sued on Wednesday by a shareholder who accused the insurance…
Volkswagen rejects shareholder push for climate lobbying disclosures
BERLIN – Volkswagen has rejected a shareholder proposal for it to explain how its lobbying activities align with its climate goals – something two of the carmaker’s leading competitors have already promised…
Almost all climate-related corporate disclosures are inadequate, CDP says
By Simon Jessop, Tommy Wilkes and Elizabeth Howcroft LONDON – Just 1% of companies who submit climate change-related data to nonprofit environmental disclosure platform CDP provide investors with the information they need…
Lawsuit over Pfizer’s disclosures before Chantix recall is dismissed
By Jonathan Stempel NEW YORK – A federal judge on Wednesday dismissed a proposed class action lawsuit by consumers who accused Pfizer Inc of failing to disclose the presence of cancer-causing agents…
Breaking News
