Corporate Governance
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Walmart to miss 2025, 2030 emissions reduction targets
The retail giant said it will miss its goals to reduce operational emissions because of challenges with energy policy and infrastructure, as well as technology availability.
By Lamar Johnson • Dec. 20, 2024 -
Retrieved from Nostromo Energy on December 19, 2024
Nostromo Energy receives $305M conditional commitment from DOE for thermal energy storage system
If finalized, the loan will support up to 193 IceBrick installations in commercial buildings across California, scaling the ice-based system’s integration with virtual power plants, the company says.
By Nish Amarnath • Dec. 20, 2024 -
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TrendlineTop 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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OpinionPeople are as important as technology for reliable ESG data collection
Driven by various regulatory frameworks, companies of all sizes may need to retool their approaches to data collection to meet compliance timelines in the most effective ways possible.
By Matthew Gardner • Dec. 19, 2024 -
Courtesy of Vanguard Renewables
Vanguard Renewables names new CEO as owner BlackRock looks for growth
The anaerobic digestion company’s former CEO, who held the role since before Vanguard was purchased by a division of BlackRock Real Assets, has departed, the company confirmed.
By Jacob Wallace • Dec. 18, 2024 -
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More than 70 investors have left Climate Action 100+ since GOP probe: House Judiciary
The disclosure was made in an interim report that alleges climate coalitions developed a playbook to push “disfavored” companies towards net-zero.
By Lamar Johnson • Dec. 17, 2024 -
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SAP adds carbon-tracking solution to its cloud-based resource planning toolkit
The Green Ledger tool tracks and accounts for emissions across business units, the technology company said Monday.
By Matt Ashare • Dec. 17, 2024 -
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Supply chains of over 100 fashion brands linked to oil, gas fracking in Texas
Stand.earth identified 107 fashion companies — including H&M, Puma and Adidas — that use textile materials generated by petrochemicals linked to the Permian Basin in a new report.
By Zoya Mirza • Dec. 16, 2024 -
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E+S proposals grew over decade alongside anti-ESG submissions: report
“Investors show little to no interest in proposals that advocate a political viewpoint without demonstrable economic relevance,” proxy advisory firm ISS-Corporate said in an analysis.
By Suman Bhattacharyya • Dec. 13, 2024 -
CBRE’s climate transition strategy targets supply chain, efficiency actions
Measures to decarbonize include working with clients and suppliers to reduce emissions, which would help decrease its large share of scope 3 emissions, the real estate firm said.
By Joe Burns • Dec. 13, 2024 -
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Appeals court rejects Nasdaq effort to boost director diversity
The Fifth Circuit found that the Securities Exchange Act doesn’t allow a stock exchange to require listed companies to report directors’ race and gender.
By Justin Bachman • Dec. 13, 2024 -
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California to ease enforcement action on climate rules for first year of reporting
The California Air Resources Board said it would “not take enforcement action” on entities subject to Senate Bill 253 for incomplete reporting during the first reporting cycle due 2026.
By Zoya Mirza • Dec. 12, 2024 -
Courtesy of Target
Court blocks Target’s attempt to move, dismiss DEI-related shareholder suit
The lawsuit argued that Target’s “DEI/ESG mandates” had a “known risk of adverse customer reactions,” and should have therefore been disclosed in investor statements.
By Caroline Colvin • Dec. 12, 2024 -
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Meta signs quartet of solar purchase agreements with Invenergy
The four contracts are expected to provide the tech and social media giant with 760 megawatts of clean energy.
By Lamar Johnson • Dec. 11, 2024 -
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Goldman Sachs exits Net-Zero Banking Alliance
The bank said it would remain “focused on the increasingly elevated sustainability standards and reporting requirements imposed by regulators around the world.”
By Zoya Mirza • Dec. 10, 2024 -
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Shein launches independent advisory boards for ESG, corporate responsibility issues
The groups will work with the fast fashion company’s leaders on how to reach the commitments it laid out in its EvoluSHEIN plan.
By Laurel Deppen • Dec. 10, 2024 -
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L’Oréal Groupe spearheads supplier decarbonization fund
The Solstice program will help small and medium-sized enterprises access funding to advance scope 3 commitments.
By Kelly Stroh • Dec. 9, 2024 -
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Q&AWhat’s driving governance support as E+S approval dips: Diligent Market Intelligence
“Investors are increasingly focused on good governance and are taking basic governance structures quite seriously,” Diligent’s Editor In Chief Joshua Black told ESG Dive.
By Lamar Johnson • Dec. 6, 2024 -
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DEI failures contributed to a drop in stock prices, Lululemon shareholder alleges
Lululemon’s DEI initiative was “misguided” and its structure raised ethical concerns, the shareholder said in a derivative action lawsuit filed on behalf of the company.
By Emilie Shumway • Dec. 6, 2024 -
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Net-Zero Asset Owner Alliance calls for mandated scope 3 emissions disclosures
The UN-convened alliance also included a number of actions asset owners can immediately take to overcome current accounting challenges.
By Lamar Johnson • Dec. 5, 2024 -
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Trump’s SEC pick sparks concern from ESG, climate experts
The president-elect picked Paul Atkins for Securities and Exchange Commission chair, who experts expect to prioritize maximizing corporate returns over ESG considerations.
By Zoya Mirza • Dec. 5, 2024 -
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Coca-Cola lowers ambition with new 2035 packaging and sustainability targets
The beverage company introduced two new targets centered on packaging design and collection after use, but did not set a specific emissions reduction goal for 2035.
By Maria Rachal • Dec. 4, 2024 -
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Racial diversity falling among new corporate directors: Conference Board
The Securities and Exchange Commission is considering recommending a rule requiring companies to disclose more about diversity on their boards.
By Jim Tyson • Dec. 4, 2024 -
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Anti-ESG firm Strive launches direct indexing product
The firm said the new option will allow clients greater customization on their investments, “without regard to ESG or DEI restraints.”
By Lamar Johnson • Dec. 3, 2024 -
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BNP Paribas’ asset management arm to exclude new oil and gas bonds
The updated investment strategy comes approximately a year after BNP Paribas Group began refraining from participating in bond issuance by such companies.
By Zoya Mirza • Dec. 2, 2024 -
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BlackRock, Vanguard, State Street sued by Texas, red states
The three firms are accused of forming “a cartel to rig the coal market,” but State Street and BlackRock called the lawsuit “baseless” in separate statements to ESG Dive.
By Lamar Johnson • Updated Dec. 2, 2024
