“HSBC Updates Palm Oil Policy” – Chain Reaction Research – February 21, 2017

On February 21, 2017 Chain Reaction Research reported that HSBC had substantially strengthened its policies regarding investment in the palm oil industry.  Its new policies are in line with the No Deforestation, No Peat, No Exploitation (NDPE) guidelines.  Also, HSBC will join the Banking Environment Initiative and the Tropical Forest Alliance.

You may read more on the Chain Reaction Research internet site.

“Investors With $3.75 Trillion Defend Conflict Minerals Rule” – Bloomberg BNA – February 20, 2017

On February 20, 2017 Bloomberg BNA reported that a global group of some 100 investors with $3.75 trillion in assets under management had written to the US Securities and Exchange Commission (SEC) on February 17, 2017 to underscore that “conflict minerals disclosure is material to investors.”

“These were some of the first disclosure rules on environmental, social and governance issues mandated by the SEC,” Lauren Compere, managing director at Boston Common Asset Management, told Bloomberg BNA. Similar regulations have since been adopted in the European Union and other parts of the world, so unraveling both rules would mean backtracking on several years of U.S. leadership on these issues, she said.

You may read the article on the Bloomberg BNA internet site.