Corporate Governance: Page 10
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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 Zoya Mirza • Oct. 24, 2024 -
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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 Lamar Johnson • Updated Oct. 25, 2024 -
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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 -
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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 Lamar Johnson • Oct. 23, 2024 -
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COP29COP29 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 Zoya Mirza • Oct. 22, 2024 -
Michael M. Santiago via Getty Images
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 Lamar Johnson • Oct. 22, 2024 -
Max Kegfire via Getty Images
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 -
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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 Lamar Johnson • Oct. 21, 2024 -
Courtesy of Climate Group
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 Zoya Mirza , Lamar Johnson • Oct. 21, 2024 -
master1305 via Getty Images
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 Lamar Johnson • Oct. 18, 2024 -
Nicola Katie via Getty Images
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 Zoya Mirza • Oct. 18, 2024 -
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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 Zoya Mirza • Oct. 17, 2024 -
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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 Lamar Johnson • Oct. 17, 2024 -
Retrieved from Modern Meadow on October 14, 2024
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 -
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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 Lamar Johnson • Oct. 16, 2024 -
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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 -
Chip Somodevilla via Getty Images
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 Lamar Johnson • Oct. 15, 2024 -
gorodenkoff via Getty Images
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 -
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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 Zoya Mirza • Oct. 14, 2024 -
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Deep DiveThis summer saw many DEI rollbacks. What now?
Heading into 2025, three DEI experts weigh in.
By Caroline Colvin • Oct. 14, 2024 -
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COP29CEOs from Ikea, Nestlé, H&M, others rally for climate action ahead of COP29
The letter, signed by senior executives from over 100 corporations, calls on governments and businesses to collaborate to address challenges related to climate risk mitigation.
By Zoya Mirza • Oct. 11, 2024 -
Asanka Ratnayake via Getty Images
Greenwashing cases fall for first time in 6 years, but high-severity filings surge: report
“There's certainly a global undercurrent of ‘greenhushing,’ so companies are being more cautious about how they communicate,” RepRisk’s chief commercial officer said.
By Lamar Johnson • Oct. 10, 2024 -
Matthew Horwood/Getty Images via Getty Images
Uber rolls out climate-focused features, updates to drive sustainability progress
The ride-share giant’s expanded green product suite will allow users to hail more electric vehicles and track the amount of emissions they avoid by choosing sustainable transport options.
By Zoya Mirza • Oct. 10, 2024 -
Courtesy of Starbucks
Starbucks buys more innovation farms to create climate-proof coffee
Farmers in Costa Rica and Guatemala will test drones and hybrid crop varieties as the coffee company aims to address some of the region’s most pressing climate challenges.
By Sarah Zimmerman • Oct. 9, 2024 -
Spencer Platt via Getty Images
US banks largely lagging on implementing best practices for net-zero: Exclusive
“What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.
By Lamar Johnson • Oct. 8, 2024
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