And another! This week, BT announced it was scrapping diversity measures in its manager bonus scheme as British businesses rethink the role of DEI. Under BT’s current system, 10% of annual bonus payable to managers is based on targets for the representation of women, ethnic minorities and disabled people, amongst other factors. The Telegraph covers the story.
Investors representing $6.8 trillion of assets have called on EU officials not to cave in to mounting pressure to scale back planned ESG regulation and reporting changes. The group includes the Institutional Investors Group on Climate Change, the European Sustainable Investment Forum and the Principles for Responsible Investment. Bloomberg covers the story.
