Corporate Governance: Page 15
-
Chip Somodevilla via Getty Images
Labor Department, challengers argue over ESG rule’s tiebreaker standard post-Chevron
A lawyer for the agency said he believes “the logic of the District Court's opinion would produce the same result” under the Loper Bright ruling.
By Lamar Johnson • Updated July 10, 2024 -
Marc Conzelmann via Getty Images
Lego to mandate sustainability targets across supply chain
The Danish toy maker is turning to suppliers to help cut emissions from its indirect operations, primarily its supply chain, as they make up the majority of its carbon footprint.
By Zoya Mirza • July 9, 2024 -
Courtesy of Google
Google’s AI efforts slow sustainability gains
The company’s greenhouse gas emissions climbed 13% last year as compute intensity increased, according to its annual environmental report.
By Lindsey Wilkinson • July 9, 2024 -
Justin Sullivan via Getty Images
Google inks renewable power agreement with Engie
Google has signed five corporate power purchase agreements with Engie, which will provide over 118 megawatts of power to boost the tech giant’s operations in Belgium.
By Zoya Mirza • July 8, 2024 -
Jeff J Mitchell via Getty Images
Climate groups say carbon offsets undermine emission reduction targets
Over 80 organizations addressed global companies and governments Tuesday, saying a reliance on carbon credits will likely “slow down global emission reductions.”
By Zoya Mirza • July 3, 2024 -
Dan Kitwood via Getty Images
Consumers want ethical sourcing, labeling on manmade fibers: report
Nearly three quarters of survey respondents think materials such as viscose and lyocell should come from sustainable forests.
By Lara Ewen • July 3, 2024 -
Chip Somodevilla via Getty Images
Fidelity updates sustainable investing framework against regulatory backdrop
Fidelity’s international arm said its revised framework aims to “ensure ongoing alignment with transparency and disclosure requirements.”
By Zoya Mirza • July 2, 2024 -
vm via Getty Images
Shareholders rejecting both ESG and anti-ESG proposals
Only three of almost 1,000 proposals were supported by shareholders so far in the 2024 proxy season.
By Robert Freedman • July 2, 2024 -
Justin Sullivan via Getty Images
Wendy’s inks deal with solar company to cut restaurant emissions
The collaboration with Ampion Renewable Energy will help provide renewable electricity to local utility grids and decrease restaurants’ reliance on fossil fuels.
By Zoya Mirza • June 27, 2024 -
Omer Messinger via Getty Images
Zara owner pledges to stop using endangered and ancient forests in paper packaging
The initiative builds on Inditex’s previous commitment to remove those materials from textiles.
By Laurel Deppen • June 27, 2024 -
Dean Mouhtaropoulos via Getty Images
ExxonMobil taps Air Liquide for low-carbon hydrogen project
The industrial gasses company will invest up to $850 million to build and operate four air separation units to boost the oil giant’s Texas hydrogen project.
By Zoya Mirza • June 26, 2024 -
Spencer Platt via Getty Images
Unilever, Ikea, others push governments to accelerate climate action plans
The “Mission 25” group — which represents some of the world’s biggest companies, financial institutions and cities — is urging governments worldwide to align climate goals with the Paris Agreement.
By Zoya Mirza • June 25, 2024 -
Justin Sullivan via Getty Images
Microsoft partners with agricultural tech company for carbon removal
The tech giant will purchase 40,000 soil-based carbon credits from Indigo Ag, a transaction the sustainable agriculture company called a “major milestone.”
By Zoya Mirza • June 24, 2024 -
Courtesy of PepsiCo
PepsiCo anticipates missing certain 2025 packaging sustainability goals
The same day the company released its ESG report acknowledging it’s unlikely to hit a 2025 packaging circular design target, the city of Baltimore sued PepsiCo and others for their “significant roles in creating a plastic pollution crisis.”
By Katie Pyzyk • June 24, 2024 -
Justin Sullivan via Getty Images
Anti-ESG laws challenge fiduciary obligations, add significant reporting burden: PRI
The impact of anti-ESG legislative efforts is uncertain and could affect capital availability for businesses and investment vehicles that have a sustainability or social focus, experts say.
By Suman Bhattacharyya • June 21, 2024 -
Stephen Lam via Getty Images
Salesforce announces spate of climate investments
The three new investments include joining a decarbonization initiative, a PPA for a 27-megawatt solar project and committing almost $4 million to climate-focused philanthropy.
By Zoya Mirza • June 18, 2024 -
Brandon Bell via Getty Images
Federal court dismisses ExxonMobil lawsuit against activist shareholder
Judge Mark Pittman said “second time’s the charm” for Arjuna Capital, and ruled the case to be moot following the investor’s pledge to not submit climate proposals to the energy giant.
By Lamar Johnson • June 18, 2024 -
Mario Tama via Getty Images
Gap, H&M, others join initiative to decarbonize fashion supply chain
The Future Supply Initiative will provide brands with financing models and technical support to help their suppliers transition to low carbon technologies and solutions.
By Zoya Mirza • June 17, 2024 -
Christina Morillo | Pexels
DEI success ultimately stems from strong CEO leadership, survey indicates
While acknowledging the increased pushback regarding DEI programs, Black executives noted the importance of sustaining their initiatives.
By Carolyn Crist • June 17, 2024 -
Scott Olson via Getty Images
Hershey ramps up renewable energy sourcing to slash emissions
The chocolate manufacturer increased its procurement of electricity from green sources to 80% in 2023, up from 77% in 2022 — a rise it attributed to PPAs and clean energy credits.
By Zoya Mirza • June 14, 2024 -
Drew Angerer via Getty Images
Microsoft leans on forest management for carbon removal credits
The tech giant will purchase over 970,000 nature-based carbon removal credits derived from Anew Climate’s expansive portfolio of afforestation projects across the U.S.
By Zoya Mirza • June 13, 2024 -
Jemal Countess via Getty Images
Witnesses combat House panel report of ‘collusion’ on decarbonization
A day after the Judiciary Committee’s report, witnesses from Ceres, Arjuna Capital and CalPERS disputed claims alleging their work constitutes antitrust violations.
By Lamar Johnson • June 13, 2024 -
Chip Somodevilla via Getty Images
House Judiciary: Climate groups and activists ‘colluding’ on decarbonization
The interim report from the years-long probe accuses groups in the financial system of forming a “climate cartel” that “has declared war on the American way of life.”
By Lamar Johnson • June 12, 2024 -
Anna Moneymaker via Getty Images
DEI backlash won’t halt workplace initiatives, most leaders say
Nearly all leaders said they believe DEI is important for its positive impact on recruiting, hiring and retention, a survey finds.
By Carolyn Crist • June 12, 2024 -
Justin Sullivan via Getty Images
Vanguard says ExxonMobil made a ‘compelling case’ for its shareholder lawsuit
The nation’s second-largest asset manager supported Exxon CEO Darren Woods and its board of directors at the energy giant’s May 29 board meeting after concluding it displayed appropriate oversight.
By Lamar Johnson • June 11, 2024
Previous
