Corporate Governance: Page 12
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COP29COP29 president unveils climate action agenda with no mention of fossil fuel phase out
Though the agenda introduced a spate of environmental initiatives, it lacked any direct mentions of transitioning away from fossil fuels, a goal set during COP28.
By Zoya Mirza • Sept. 20, 2024 -
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JPMorgan creates role to oversee junior bankers’ ‘wellbeing’: memo
Ryland McClendon’s appointment comes amid a spike in concern over the workload and expectations of associates and analysts after a 35-year-old Bank of America banker died in May.
By Rajashree Chakravarty • Sept. 20, 2024 -
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House GOP passes pair of anti-ESG bills targeting ‘woke’ investment policies
House Republicans passed a pair of bills this week aimed at pension funds and the Securities and Exchange Commission that Rep. Juan Vargas, D-Calif., said are “going nowhere” in a Democrat-controlled Senate.
By Lamar Johnson • Sept. 20, 2024 -
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Under 25% of Vanguard’s 2024 proxy pilot participants chose ESG-centered policies
The program’s third-party ESG policy option was particularly popular with investors of one of the firm’s ESG funds, though just under a quarter of pilot participants picked the option overall.
By Lamar Johnson • Sept. 18, 2024 -
Real estate firm CBRE curbs scope 1, 2 emissions by 24% since 2019
Its scope 1 emissions rose almost 16% since 2022 due to increased mileage across its vehicle fleet, which it looks to fully electrify by 2035, according to CBRE’s 2023 corporate responsibility report.
By Joe Burns • Sept. 18, 2024 -
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Congressional Black Caucus’ DEI index offers accountability roadmap
The group laid out best practices for employers to hold themselves accountable after studying Fortune 500 companies’ DEI approaches.
By Caroline Colvin • Sept. 17, 2024 -
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SEC disbands its climate and ESG enforcement task force
The Securities and Exchange Commission said it will return its attention to greenwashing if it sees another spike in risk, an agency spokesperson told ESG Dive.
By Lamar Johnson • Sept. 13, 2024 -
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Big banks pressed to stop financing livestock production over climate concerns
An open letter singles out JPMorgan Chase, Bank of America and other institutions for their support of food giants like JBS, saying lending activities undermine the sector’s environmental commitments.
By Sarah Zimmerman • Sept. 13, 2024 -
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ClimeCo unveils certification program for sustainable products
The environmental services company’s new certification aims to help companies communicate their sustainability initiatives and consumers make informed purchasing decisions.
By Zoya Mirza • Sept. 12, 2024 -
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House Financial Services panel hearing probes proxy advisors’ ESG influence
Rep. Bill Huizenga, R-Mich., said advisors are becoming “de facto standard setters” for governance, while a witness compared them to consultants who help investors “sift through mountains of data.”
By Lamar Johnson • Sept. 12, 2024 -
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Patagonia joins sustainable packaging initiative aimed at protecting forests
The retailer is collaborating with environmental nonprofit Canopy to develop paper products using agricultural waste and non-forest fibers.
By Kelly Stroh • Sept. 12, 2024 -
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FERC greenlights BlackRock’s $12.5B purchase of Global Infrastructure Partners
The Federal Energy Regulatory Commission approved the transaction on the back of a blanket authorization it first granted the asset management firm in 2010.
By Lamar Johnson • Sept. 10, 2024 -
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Nasdaq partners with Crux to help companies access clean energy tax credits
The team-up will grant Nasdaq ESG Solution clients access to Crux’s platform of clean energy project developers and manufacturers to purchase transferable tax credits.
By Lamar Johnson • Sept. 9, 2024 -
Courtesy of Volvo
Volvo scales back its EV goals
In 2021, the automaker pledged to be fully electric by 2030. Now, the company is abandoning that goal, focusing instead on “electrified” models.
By Haley Cawthon • Sept. 9, 2024 -
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Morgan Stanley drops plastic pollution financing goal
A spokesperson for the bank told ESG Dive it would no longer have the standalone goal due to data availability and quality challenges as required climate disclosures near.
By Lamar Johnson • Sept. 6, 2024 -
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Where Climate Action 100+ stands after member exodus, GOP probes
The investor-led group has lost out on a few notable members this year amid heightened scrutiny surrounding ESG and climate initiatives.
By Zoya Mirza , Lamar Johnson • Updated Dec. 17, 2024 -
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Microsoft launches decarbonization team to slash supply chain emissions
The new three-member team will help Microsoft tackle scope 3 emissions generated by purchased goods and services and those produced by its cloud and artificial intelligence operations.
By Zoya Mirza • Sept. 5, 2024 -
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Coca-Cola must face greenwashing lawsuit: D.C. Appeals Court
The appeals court reversed a prior dismissal, ruling environmental nonprofit Earth Island Institute made plausible allegations the beverage company overstates its environmental efforts.
By Lamar Johnson • Sept. 4, 2024 -
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ESG controllers: The newest finance hires
Depending on the company’s structure, the specialized controllers often report to the corporate controller or the CFO, Deloitte’s Kristen Sullivan said.
By Maura Webber Sadovi • Sept. 4, 2024 -
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Vanguard supported zero E+S proposals in 2024: report
The lack of support for environmental and social proposals comes after the nation's second-largest asset manager supported just 2% in 2023.
By Lamar Johnson • Sept. 3, 2024 -
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Q&A5 keys to strong organizational sustainability governance: MorganFranklin Consulting
Andrew Rizkallah, who leads the firm's ESG advisory services, explained how to beef up key reporting processes or start from scratch.
By Lamar Johnson • Aug. 30, 2024 -
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Major oil and gas firms ramp up voluntary ESG reporting: EY
Regulatory and shareholder pressure is elevating sustainability reporting to a key priority on par with a firm’s financial and operational performance, an EY report suggests.
By Suman Bhattacharyya • Aug. 30, 2024 -
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‘New dynamics at play’: Jack Daniel’s maker ends DEI initiatives
Brown-Forman Corp. cited a shifting legal and external landscape for its decision, as one prominent anti-DEI activist claimed credit for putting pressure on the company.
By Ryan Golden • Aug. 29, 2024 -
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Deer Park water owner has microplastics greenwashing suit dismissed
Earlier this month, a federal judge ruled that the class-action complaint against BlueTriton was preempted by federal law, but the plaintiffs recently amended their complaint.
By Lamar Johnson • Aug. 27, 2024 -
Permission granted by Amcor
Global packaging giant Amcor releases decarbonization road map
Redesigning packaging to weigh less, use fewer materials and incorporate lower-carbon materials is part of the company’s efforts to reach SBTi-validated 2033 emissions reduction targets.
By Maria Rachal • Aug. 27, 2024
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