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Risk Channel helps you stay ahead of essential risk news shaping your profession. Every weekday, our unique blend of AI, risk experts and researchers monitor 100,000s of articles to share a summary of the most relevant and useful content to help you lead, innovate and grow.

From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.

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Risk Channel
North America
Asset owners seek 'clear and consistent' climate stewardship standards

A group of 26 institutional investors with $1.5tn in funds has outlined the "clear and consistent" expectations of asset managers when it comes to climate stewardship. The group has asked asset managers to more actively engage with the companies they are invested in about their climate risk, saying climate change is a long-term financial risk, particularly for pension funds that will need to pay out retirement incomes for decades to come. The Asset Owner Statement on Climate Stewardship sets out clear expectations of asset owners regarding climate stewardship and aims to "empower" them to deliver on their asset owner climate objectives as part of their mandates. Leanne Clements, head of responsible investment for The People’s Pension and lead of the initiative, which includes Scottish Widows, the People’s Partnership and Brunel Pension Partnership, said: “Asset owners and asset managers must work together in partnership to drive meaningful change: not only in the companies in which we invest, but in the underlying economic, social and environmental systems upon which our members depend.”

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Risk Channel
UK/Europe
Shell faces court over oil spills

The High Court is hearing a case against Shell regarding allegations of oil pollution in Nigeria, which has left thousands without access to clean water and devastated local agriculture and fishing. Lawyers representing 13,000 Nigerians claim that Shell's negligence in preventing oil theft and spills has severely harmed the Bille and Ogale communities. Shell contends that most pollution results from criminal activities, and said that its subsidiary, SPDC, undertakes clean-up efforts regardless of the cause. Leigh Day says if the case succeeds, it would be the first time a UK multinational had been found to have breached human rights by polluting the environment.

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