Corporate Governance

  • The United Nations logo is seen on a fence.
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    Michael M. Santiago via Getty Images
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    UN says current climate policies and pledges ‘nowhere near’ meeting 1.5°C goal

    The United Nations said as it stands now, the 2015 Paris Agreement goal “will be dead within a few years.

    By • Oct. 29, 2024
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    vm via Getty Images
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    Gender diversity on boards plateaus — but that’s not the full picture

    It mirrors an ongoing trend in the diversity, equity and inclusion space, where interest and investments in equity seemed to be slowing.  

    By Caroline Colvin • Oct. 29, 2024
  • Visual displaying components of ESG. Explore the Trendline➔
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    TarikVision via Getty Images
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    Trendline

    Top 5 stories from ESG Dive

    This year has shaped up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.

    By ESG Dive staff
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    Chip Somodevilla via Getty Images
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    SEC panel urged to back shareholder rights, proposal process

    Shareholders’ rights advocates urged the agency's Investor Advisory Committee to defend the current proposal process as a “vital right of shareholders” against attempts to dilute them.

    By • Oct. 29, 2024
  • An aerial view of part of Climeworks' Mammoth direct air capture and storage plant
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    Courtesy of Climeworks — The Mammoth plant
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    Morgan Stanley inks carbon removal deal with Climeworks

    The deal is the financial institution’s first foray into direct air capture credit purchasing and expands Climeworks’ U.S. footprint.

    By • Oct. 25, 2024
  • Three compostable Sabert trays with chopped vegetables on a table
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    Courtesy of Sabert Corp.
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    Q&A

    5 questions for Sabert’s new chief sustainability officer

    Richa Desai discusses what it’s like to lead sustainability strategy at a private food packaging company in a changing landscape.

    By Maria Rachal • Oct. 25, 2024
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    Sean Gallup via Getty Images
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    Denim meets decarbonization: Levi’s unveils first climate transition plan

    The denim manufacturer has committed to achieving net-zero emissions by 2050 and reducing scope 3 emissions 42% by 2030.

    By • Oct. 25, 2024
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    Chip Somodevilla via Getty Images
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    SEC slaps $4M fine on WisdomTree over greenwashing

    The Securities and Exchange Commission is fining the New York-based asset manager for falsely advertising the investment strategy of three funds to have considered ESG factors.

    By • Oct. 24, 2024
  • Shot of BlackRock building from below with company logo centered and U.S. flag visible to the right of company name.
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    Spencer Platt via Getty Images
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    BlackRock targeted for greenwashing in ClientEarth complaint

    The environmental nonprofit sent a complaint to French regulators alleging the firm is mislabeling funds as “sustainable,” despite holding $1 billion in fossil fuel investments.

    By • Updated Oct. 25, 2024
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    Fahroni via Getty Images
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    Most finance leaders believe sustainability targets out of reach: EY

    CFOs leading companies active in the U.S. and Europe face a “fluid picture” when attempting to meet regulations for sustainability reporting, EY said.

    By Jim Tyson • Oct. 24, 2024
  • An aerial view of a Texas Oil Refinery
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    Brandon Bell via Getty Images
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    NYC comptroller proposes stopping pensions’ private market investments in fossil fuels

    The funds would be the first U.S. public pension plans to have exclusions on investing in fossil fuel infrastructure like pipelines and liquefied natural gas terminals.

    By • Oct. 23, 2024
  • A logo of the of the UNFCCC COP29 climate conference.
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    Sean Gallup via Getty Images
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    COP29 president reveals final text of nine climate-focused pledges, declarations

    Azerbaijan’s Mukhtar Babayev said the documents serve as “vital tools to drive progress on climate action” and will complement the official negotiation process at the annual UN summit.

    By • Oct. 22, 2024
  • A closeup of JPMorgan Chase's headquarters in New York.
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    Michael M. Santiago via Getty Images
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    JPMorgan hires NOAA climate scientist to lead climate advisory practice

    Sarah Kapnick rejoins the bank after a stint as the National Oceanic and Atmospheric Administration’s presidentially-appointed top scientist.

    By • Oct. 22, 2024
  • Business executive seen talking to an engineer in workwear in front of solar panels.
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    Max Kegfire via Getty Images
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    Many middle market firms in ESG ‘wait and see’ mode, RSM says

    While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.

    By Chris Gaetano • Oct. 22, 2024
  • The exterior of the Labor Department building, with a sign that says "United States Department of Labor"
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    Alex Wong via Getty Images
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    DOL, red states reprise stances on Loper Bright’s effect on ESG rule

    The case is back before the U.S. district court judge whose initial dismissal in September 2023 relied on the now-overturned Chevron Doctrine.

    By • Oct. 21, 2024
  • Climate Group CEO Helen Clarkson opens Climate Week NYC 2024 on Sept. 22, 2024 with a speech on the key principles that must shape climate action.
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    Courtesy of Climate Group
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    Climate Week NYC 2024: a retrospective on major announcements, deals

    This year’s iteration of the event spanned across 600 events in the city, congregating business leaders, key decision makers and heads of government from all over the world.

    By , • Oct. 21, 2024
  • 3d render of an American football arena with yellow goal post, grass field and blurred fans at playground view
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    master1305 via Getty Images
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    NFL stadiums face $11 billion climate risk price tag by 2050: report

    The risk would extend past Sunday kickoffs, as stadium venues are local economic hubs and often receive taxpayer funding for development.

    By • Oct. 18, 2024
  • From behind: Several people in a group are raising their hands; in focus, a curly-haired person with hoops and brown skin
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    Nicola Katie via Getty Images
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    House Democrats call on CEOs to support DEI amid increasing policy rollbacks

    A group of 49 Congressional Democrats is urging senior executives of Fortune 1,000 companies to “reject division” and continue backing programs that boost diversity, equity and inclusion.

    By • Oct. 18, 2024
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    Rodin Eckenroth via Getty Images
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    CalSTRS taps Ninety One to manage $150M sustainability mandate

    The California State Teachers’ Retirement System is appointing the investment firm’s decarbonization-focused Global Environment Strategy to oversee the mandate.

    By • Oct. 17, 2024
  • IBM Corporation Innovation Center headquarters located in Silicon Valley.
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    Sundry Photography via Getty Images
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    IBM acquires Prescinto to bolster renewable energy asset management capabilities

    The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.

    By • Oct. 17, 2024
  • A close up of Modern Meadow's leather alternative material.
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    Retrieved from Modern Meadow on October 14, 2024
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    Sustainable materials firm Modern Meadow names new CEO

    David Williamson will take on the top spot after previously serving as president and COO.

    By Laurel Deppen • Oct. 17, 2024
  • In an aerial view, the Kayenta Solar Plant is seen on June 23, 2024 in Kayenta, Arizona.
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    Brandon Bell via Getty Images
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    JPMorgan Chase, Capital One commit $260M to Arizona solar project

    The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.

    By • Oct. 16, 2024
  • A solar panel rooftop photovoltaic installation with a city skyline in the background.
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    Funfunphoto via Getty Images
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    Real estate firm CBRE acquires NRG Energy’s renewable advisory group

    The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.

    By Joe Burns • Oct. 16, 2024
  • Rostin Behnam
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    Chip Somodevilla via Getty Images
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    CFTC issues final voluntary carbon market guidance

    The final guidance includes standards to ensure carbon credits are not subject to manipulation and have their contract terms monitored.

    By • Oct. 15, 2024
  • Female analyst uses digital interactive whiteboard for presentation to a board of executives.
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    gorodenkoff via Getty Images
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    Female CFOs, CEOs at big companies outearn male counterparts

    Women have made gains in recent decades at companies of all sizes but are far from attaining parity in all ways with men in the workplace, according to recent reports.

    By Jim Tyson • Oct. 15, 2024
  • California's Attorney General Rob Bonta speaks at a press conference.
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    Justin Sullivan via Getty Images
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    Big Oil loses bid to dismiss California greenwashing lawsuits

    The Superior Court of San Francisco County denied a motion filed by major oil producers to dismiss climate-related suits filed in California based on the court lacking “personal jurisdiction.”

    By • Oct. 14, 2024