Corporate Governance: Page 13
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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 -
cmannphoto via Getty Images
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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ESG leadership increasingly leaning on in-house legal teams: report
As regulatory and litigation pressure weighs on companies, general counsels are taking a more active role in ESG strategies, per a recent survey conducted by Corporate Counsel and Morrison Foerster.
By Suman Bhattacharyya • Aug. 26, 2024 -
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Uber taps former Tesla exec to oversee sustainability strategy, shift to EVs
Rebecca Tinucci, previously Tesla’s head of charging, will oversee the ride-share giant’s transition to becoming an emissions-free mobility platform by 2040.
By Zoya Mirza • Aug. 23, 2024 -
Maria Rachal/ESG Dive
Coca-Cola ‘on track’ for packaging recyclability goal, ‘behind plan’ on recycled content target
In an environmental update, the beverage giant reported that progress on reusable packaging formats and recyclability was stagnant in 2023 while its rate of recycled PET use ticked up.
By Maria Rachal • Aug. 23, 2024 -
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BlackRock’s support for E+S proposals whittles away in 2024 proxy season
The nation’s largest investment manager noted a rise in shareholder proposals focused on environmental and social matters and anti-ESG filings.
By Lamar Johnson • Aug. 22, 2024 -
Courtesy of Ford Motor Co.
Ford scraps electric SUV plans, delays next-generation truck
The automaker is taking a $400 million hit as it shifts its electrification strategy yet again.
By Haley Cawthon • Aug. 22, 2024 -
Andrew Burton via Getty Images
How to build social activism into your governance structure
Companies don’t have to retreat from activism to avoid backlash if they align their values with their business in a way that makes sense, a law professor says.
By Robert Freedman • Aug. 21, 2024 -
Chip Somodevilla via Getty Images
Friend or foe: Unpacking what the amicus briefs say about the SEC’s climate rule
Amicus briefs in the Securities and Exchange Commission’s ongoing lawsuit concerning its climate disclosure rule find institutional investors and businesses largely on opposite sides.
By Lamar Johnson • Aug. 20, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
General Motors to lean on solar power for three assembly plants
The car manufacturer has signed a 15-year renewable power purchase agreement to support its operations at three assembly plants located in Michigan and Missouri.
By Zoya Mirza • Aug. 20, 2024 -
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Meta to procure 374 MW of clean energy from RWE solar farms
The tech conglomerate has signed two power purchase agreements with the German energy company to build on its sustainability goals.
By Zoya Mirza • Aug. 16, 2024 -
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United Airlines gets sustainable fuel greenwashing lawsuit tossed
A federal court dismissed a class-action suit brought against the airline that alleged it deceptively advertised its sustainable aviation fuel efforts.
By Lamar Johnson • Aug. 15, 2024 -
FangXiaNuo via Getty Images
Anti-ESG proposals drove the increase in ESG proxy submissions: Morningstar
“For the first time, the growth in new resolutions was dominated by proposals from ‘anti-ESG’ filers,” per Morningstar Sustainalytics’ director of stewardship research and policy.
By Lamar Johnson • Aug. 13, 2024 -
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Goldman Sachs latest to depart Climate Action 100+
The firm’s exit follows other high-profile financial institutions that quit CA100+ earlier this year, including JPMorgan Asset Management and State Street Global Advisors.
By Zoya Mirza • Aug. 12, 2024 -
Brendan Smialowski / Stringer via Getty Images
SEC defends its authority for climate disclosure rule in court
The agency said its climate rule will help to better inform investors with “more detailed, consistent, and comparable information” in replying to legal challengers.
By Lamar Johnson • Aug. 8, 2024 -
Sean Gallup via Getty Images
Carbon market governing body tightens standards for renewable energy credits
The Integrity Council for the Voluntary Carbon Market said carbon credits issued under existing renewable energy methodologies won’t qualify for its Core Carbon Principles label.
By Zoya Mirza • Aug. 8, 2024 -
Lukas Schulze via Getty Images
New initiative aims to solidify carbon removal standards
The Carbon Removal Standards Initiative seeks to provide policymakers and regulators with “financially unconflicted advice” to monitor and develop standards for the industry.
By Zoya Mirza • Aug. 7, 2024 -
Andrey Popov via Getty Images
AI could halt energy use growth in US buildings: LBNL study
Combined with policy measures and low-carbon generation, building carbon emissions can decline over 90% by 2050 compared with business-as-usual scenarios, according to national lab researchers.
By Joe Burns • Aug. 7, 2024 -
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Nat’l Association of Counties defends against attacks on its fiduciary duties
The organization representing about 3,000 U.S. counties passed a resolution opposing interference in its investment decisions as part of its 2024-25 platform.
By Lamar Johnson • Aug. 6, 2024 -
Joe Raedle via Getty Images
JetBlue inks SAF deal for JFK flights
The airline signed a 12-month deal to procure sustainable aviation fuel from a Valero Energy Corporation subsidiary to reduce its emissions at the New York airport.
By Zoya Mirza • Aug. 5, 2024 -
Kevin Dietsch via Getty Images
House Republicans issue final ESG Working Group report
The Republican group housed within the House Financial Services Committee said the current proxy system is “an environment ripe for abuse.”
By Lamar Johnson • Aug. 5, 2024 -
Scott Olson via Getty Images
United Airlines to lean on SAF for Chicago O’Hare flights
United inked a deal with sustainable fuels company Neste, which will provide the airline up to 1 million gallons of sustainable aviation fuel through the year.
By Zoya Mirza • Aug. 2, 2024 -
Courtesy of Mars Wrigley Australia
Mars doubts it can achieve 2025 sustainable packaging targets
Almost half of Mars’ packaging portfolio is being redesigned or eliminated to align with current or future recycling infrastructure. But infrastructure advancement is taking longer than expected, per its latest sustainability report.
By Maria Rachal • Aug. 2, 2024 -
Chip Somodevilla via Getty Images
House Judiciary probes Climate Action 100+ members as ESG investigation continues
The Republican heads of the Judiciary Committee and one subcommittee sent letters to over 130 U.S.-based companies, systems and funds associated associated with CA100+.
By Lamar Johnson • Aug. 1, 2024
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