The High-Level Expert Group on Sustainable Finance met on Wednesday, 19 July. It was established by the European Commission in late 2016 to help develop its strategy regarding sustainable finance, a priority in the capital markets union action plan.
How should we look at governance practices when it comes to companies that advocate innovation and creativity? Let’s focus on the situation with Snapchat, a company that innovated by scrapping all shareholder voting rights when it went public in March of this year.
The victory of Exxon Mobil’s shareholders forcing the US oil juggernaut to be more transparent regarding its impact on climate change stands in stark contrast to president Trump’s announcement that the United States is withdrawing from the Paris Agreement.
“Comply or explain”: this is the principle which increasingly defines the regulatory framework, particularly in Europe. Regulation is increasingly pushing companies and investors to assume their responsibility towards society and the various stakeholders.