NZ Shareholders Association’s Post

"Then there is the fast-track bill, which initially tried to put three ministers, two from National and one from New Zealand First, in charge of authorising a secret list of 149 major projects without the select committee seeing it, or environmental scrutiny, or allowing communities to have a say. These initiatives add up to a blitzkrieg on democracy in New Zealand; a shift towards unfettered extractive economics that serves particular interests while offering a dire future for young people and many communities; and the deployment of tactics to gain power by inflaming social division. No wonder so many young people are leaving the country. While the coalition Government promised its ‘decisions would be based on data and evidence,’ they are acting with such haste and hubris that there is no opportunity for evidence to be gathered and weighed in the balance. This short-term, extractive approach puts at risk almost all New Zealand’s competitive advantages – richly diverse ecosystems that allow for resilience in adapting to rapidly changing climatic conditions; productive soils, clean waterways and abundant oceanic resources; and our social strengths – a sound, stable democracy that fosters good relations among diverse communities; freedom from corruption; and a reputation as a good global citizen."

🔎 The UK's Financial Conduct Authority (FCA) has launched its first enforcement #investigation into a company over climate-related issues, as revealed by ClientEarth. This case, which started in July 2023, remains undisclosed in terms of the firm or misconduct involved. #ClientEarth criticized the #FCA for its lack of #transparency and delays in responding to their Freedom of Information (FOI) requests, which led to a complaint to the Information Commissioner. 🌎 Megan Clay of ClientEarth welcomed the investigation but noted that one case is insufficient and not related to #greenwashing. The charity warned that the FCA’s inaction could mislead #investors and #consumers, urging the regulator to catch up with its #US and Australian counterparts, which have issued fines for #climatelaw breaches. 👕 With a new anti-greenwashing rule in place, campaigners are pressing the FCA to examine #climate claims by major UK #banks. Meanwhile, the UK Advertising Standards Authority banned misleading climate ads from #Shell and #HSBC, and #fashion brands #ASOS, #Boohoo. #ASDA committed to clearer claims following a Competition and Markets Authority investigation. Link: https://lnkd.in/dYMdwUVE #marketingcommunication #esg #innovation #environment #regulation #climate The Leonie and Norman Institute is linked to the Trium Sustainable Innovators (“TSI”) portfolio management team, which is part of Trium Capital LLP. TSI views and opinions may not necessarily represent the views of Trium Capital LLP.

“Fergus Ewing raised the issue in Scottish parliament on 17 April 2024 in order to draw attention to this serious and growing problem. ‘Some returns are promised by a lot of companies, notionally based in London, but actually registered in countries where it would be impossible to seek redress,’ Ewing explained to parliament. They are ‘promising returns of 582% over ten years, 95.5% bonds guaranteed per annum. If it’s too good to be true, it isn’t true. These are scam merchants.’” One more important information. “[M]any cask investment companies had promoted the potential of cask investment by giving the 10 year average return rate as 582%. However this fabled number is actually the ten year average of 100 bottles of very rare and expensive whisky as reported by Knight Frank in their 2019 wealth report. The data is therefore unrelated to the potential of casks.” https://lnkd.in/gC_iVtXq

Great news! 🌱💼 Companies like Natracare, COOK Trading Ltd, Make My Money Matter & Pensions for Purpose have just recently signed the business open letter calling for an international crime of #ecocide! They join big names like Faith In Nature, Olio • Share More, Waste Less, Ecosia, Triodos Bank and Vivobarefoot in the #Business4EcocideLaw network, calling for criminal accountability for mass destruction of nature - #ecocide. #Ecocidelaw would outlaw the most severe damage to the natural world through the use of criminal law, creating a genuine deterrent for business leaders when it comes to inflicting major harm on the environment. This would provide businesses with the certainty and financial incentive they need to make sustainable choices and level the playing field for firms that are already pursuing nature-friendly practices. Learn more and join the call HERE ➡️: https://lnkd.in/ecbwPzbG Read more about the business case for #ecocidelaw: https://lnkd.in/d_heRdwY #StopEcocide

Brattle Principal Dr. Paroma Sanyal will join a panel at the 2024 INCOMPAS Policy Summit to discuss how the #FCC can create a more stable and efficient Universal Service Fund program. https://bit.ly/3P0UIDX

Great insights on the evolution of the custody business in Canada. Have a read to see what our President and CEO Katie Pries sees as the driving factors in our business.

Great articles in P&J that bring you up to speed on the latest events. In this case actions speak louder than words. Pushing the item to the back of the agenda was a clear move to not have it discussed yesterday. If they knew they had a hard stop of 4/4.30, why not start meeting at 9am as opposed to 10.30am? The Lord Provost doesn't make these kind of motions without speaking to the council leaders and if Yuill and Allard really wanted to say a speech and make a motion, which way did they vote when the motion was put forward to over rule the Lord Provost? As Lord Provost still had enough votes to continue with his plans to de-rail the agenda. The council leaders already met with key individuals they note in the article and very little movement or empathy was offered, not sure how having another meeting will be any different at this stage. The Common Sense Compromise is clear and simple, we deliberately kept it that way for a reason.

Swinney Defends Decision to Challenge 'Prejudiced' Matheson Probe Swinney vs. Prejudice John Swinney vehemently defended his stance against the imposed sanction on Michael Matheson, decrying the influence of prejudice within Holyrood's Standards Committee. This opening salvo plunges into the heart of a contentious political saga, setting the stage for a nuanced debate. Transitioning seamlessly from the political battleground to the campaign trail, Swinney's tireless efforts during the General Election campaign are spotlighted as he crisscrosses constituencies in Scotland. It's a narrative of action and engagement, painting a picture of a leader deeply committed to the people's cause. Amidst the political fervor, Swinney's unwavering commitment to eradicating prejudice from Scottish Parliament shines through. His firm stance against bias, especially from opposing factions, underscores the SNP's unwavering dedication to fairness and equity in governance. But the discourse doesn't stop at politics; it delves into the pressing issue of climate change. Swinney's rebuttal to Patrick Harvie's critique showcases the SNP's forward-thinking approach to energy transition, emphasizing a balance between environmental responsibility and economic sustainability. And amidst the weighty...

No, this has nothing to do with soccer... Want to understand more about what greenwashing is and what new EU rules will mean for your business? Register for our upcoming EY webcast on 3 July to find out more. Registering will also get you access to the on-demand replay and presentation. #FutureOfLaw #greenclaims #eugreendeal

ICYMI: Last week’s Supreme Court decision to overturn the Chevron deference precedent represents a dangerous power grab that removes policy decisions from the hands of agency experts and places them into the hands of judges. This undermines the regulatory protections that ensure the safety of our food, water, and medications. By dismantling the Chevron Doctrine, the court is jeopardizing the foundational principle of the separation of powers and inviting more frivolous challenges to essential government programs by anti-regulatory groups. We must advocate for a government that relies on expert knowledge to protect public health and safety. A functioning government depends on agency experts to implement policies grounded in scientific and technical expertise. The Supreme Court's decision aggrandizes judicial power at the expense of both Congress and the Executive Branch, threatening the balance necessary to govern effectively. It’s crucial that all branches of government work in concert to deliver democracy, not dismantle it. Read my full statement: https://lnkd.in/gcqd5d7F #ChevronDoctrine #SCOTUS #SeparationOfPowers #PublicHealth #RegulatoryProtections #MultiracialDemocracy #GoodGovernance