Posts by Broc Romanek
A watered-down CSRD
Here’s a note from Ellie Austin: The CSRD has been gutted – and I’m feeling, well… gutted to be honest. My feed has been flooded with reactions to the disappointing hashtag#Omnibus proposal announced yesterday, which significantly weakens the Corporate Sustainability Reporting Directive (#CSRD) – the EU legislation designed to improve transparency and accountability in corporate…
Read MoreWe need compliance oversight of employee relations
– A sound corporate culture can be strengthened if compliance extends it’s oversight to employee relations. – That includes oversight of the hiring process. Here’s the intro from this article by Mary Shipley entitled, “The Price of Nice: What Happens When Customer Service and Employee Relations Lack Compliance & Ethics Oversight?”: Is there any discipline…
Read MoreDenying climate change won’t alter changing investment landscape
Here’s the intro from this article by Ian Simm: For those who deal in the universal currency of facts, the extreme polarisation of views on climate issues makes no sense. The political narrative that climate change is a “hoax” willfully ignores economic reality. Against a backdrop of rapidly expanding demand for energy, the competitiveness of…
Read MoreFirst batch of CSRD reports have issues
Here’s a note from Maria Tymtsias: After reviewing several reports and discussing them with practitioners inside the community, one thing is clear: the reality of CSRD implementation doesn’t always match our expectations. Here are some of the points highlighted: 🔹 Materiality assessments: a black box? We expected clear methodologies, thresholds, and explanations. Instead, some reports…
Read MoreA list of 13 new ESRS sustainability statements
Here is a list of 13 freshly published compliant ESRS sustainability statements courtesy of this note from Maria Tymtsias: Here is a list of 13 freshly published compliant ESRS sustainability statements: 1. Tryg (Insurance) 2. Netcompany (IT Services) 3. DSV – Global Transport and Logistics (Transportation) 4. Novo Nordisk (Healthcare) 5. Demant (Healthcare) 6. Vestas…
Read MoreTakeaways from the Texas District Court’s decision on ESG investing in 401(k) plans
In this memo, Ropes & Gray summarizes the facts associated with the recent decision by the District Court for the Northern District of Texas that a company breached its fiduciary duty of loyalty under ERISA due to the ESG-related influence of its investment manager notwithstanding the absence of ESG-focused funds in the company’s 401(k) plan.…
Read MoreA few decks about ESG engagement to consider
– A trio of decks to consider about ESG engagement practices. Nawar Alsaadi has been kind enough to post this deck on SlideShare about ESG engagement. Even better is the deck that Nawar has embedded in this LinkedIn post. It covers: – ESG engagement best practices in different asset classes (and different countries) – Aggregates…
Read MoreHow does biodiversity loss impact financial stability?
This article entitled “Exploring the links between biodiversity loss and financial stability” from Ma Jun and Nick Robin describes the need for a systematic approach by central banks and financial supervisors to biodiversity. Here’s an excerpt: To drive this forward, a new study group on Biodiversity and Financial Stability has been launched by the Network…
Read More24 U.S. States commit to Paris Agreement goals
Here’s news from “ESG Today: The US Climate Alliance, a net zero-focused group of 24 U.S. state governors, announced the publication of a letter to UN Climate Change Executive Secretary Simon Stiell, indicating that they plan to remain committed to the U.S.’ Paris Agreement goals, despite President Trump’s announced withdrawal from the international climate accord.…
Read MoreTrump acts to roll back DEI initiatives
Here’s a summary of this Sullivan & Cromwell memo: President Trump has taken swift and significant actions to roll back DEI programs and initiatives through executive orders. The executive orders direct federal government agencies to identify private sector companies with “egregious and discriminatory” DEI programs, signaling potential investigations of publicly traded corporations and large non-profits…
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