Corporate Governance: Page 17


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    93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC

    The spotlight on confusion from a jumble of ESG frameworks arrived just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.

    By Jim Tyson • March 5, 2024
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    Stephen Chernin via Getty Images
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    Starbucks loses ground on emissions reduction, sets new 2030 sustainability goals

    The coffee chain aims to slash its climate, water, and waste footprints by 50% by 2030, compared to a 2019 baseline.

    By March 4, 2024
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    Andrew Burton via Getty Images
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    Mounting ESG scrutiny could affect revenues, reputation: BlackRock

    Increasing domestic and international ESG regulations could increase compliance costs and uncertainty, the firm said in its annual SEC filing.

    By March 4, 2024
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    Archive Photos via Getty Images
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    West Virginia warns 6 banks they’re headed for restricted list over fossil fuel stances

    BMO Bank, Citibank, Fifth Third Bank, Northern Trust, TD Bank and HSBC all received notices, according to West Virginia Public Broadcasting.

    By March 1, 2024
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    Joe Raedle via Getty Images
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    American Airlines pushes back after failed dismissal of pilot’s anti-ESG lawsuit

    The Texas-based airline said its pilot has provided no breach or loss to support his claims and asked the judge to rule solely on the merits of the case.

    By Feb. 29, 2024
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    Matthew Stockman via Getty Images
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    New York sues JBS over ‘misleading’ climate claims

    The state's attorney general is accusing the world's largest meatpacker of exploiting consumers by falsely advertising its products as sustainable.

    By Sarah Zimmerman • Feb. 29, 2024
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    Getty Creative via Getty Images
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    BSR puts spotlight on how companies engage on social issues with new guide

    The guide seeks to “meet the very real demand by business practitioners for resources, tools … to adequately respond to stakeholder demand for action on social justice matters.”

    By Feb. 28, 2024
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    Courtesy of Mercedes-Benz AG
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    Mercedes-Benz delays EV goal amid slowing demand

    Low-cost EV sales are growing faster than more expensive luxury models, a company executive said.

    By Michael Brady • Feb. 28, 2024
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    Drew Angerer via Getty Images
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    House GOP launches new probe into ESG investing

    Oversight Committee Chair James Comer asked the Federal Reserve whether industry coalitions with ESG goals could constitute control of regulated companies.

    By Feb. 28, 2024
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    David Ramos via Getty Images
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    Nokia commits to net-zero emissions by 2040, accelerating timeline by a decade

    The telecom company also said it will fast-track its existing target of slashing scope 1, 2 and 3 emissions by half by 2030, compared to a 2019 baseline.

    By Feb. 27, 2024
  • Tanker trucks drive past an ExxonMobil oil refinery.
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    Scott Olson via Getty Images
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    ExxonMobil forges ahead with lawsuit against ESG investors

    “The true goal of Exxon's legal attack is preventing shareholders from voting on its greenhouse gas emissions,” said Follow This founder Mark van Baal.

    By Feb. 27, 2024
  • People walk past the Nasdaq MarketSite on October 12, 2022 in New York City.
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    Michael M. Santiago via Getty Images
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    Nasdaq board diversity rule challenge will be reheard en banc

    The case will return to the 5th Circuit with the context of the 2023 Supreme Court ruling that struck down race-conscious admissions at colleges.

    By Kathryn Moody • Feb. 27, 2024
  • American Airlines jets sit on the tarmac as an American Eagle jet taxis to the gate at O'Hare International Airport April 25, 2003 in Chicago.
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    Scott Olson / Staff via Getty Images
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    American Airlines must face pilot’s lawsuit over ESG investments

    Federal Judge Reed O’Connor said the pilot has a plausible enough complaint to continue, despite not yet factually proving any harm.

    By Feb. 26, 2024
  • The logo of KPMG hangs on the facade of a building.
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    Sean Gallup via Getty Images
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    Businesses face significant data collection hurdles while meeting ESG reporting requirements, KPMG says

    In a survey across industries, KPMG found that nearly half of respondents were using spreadsheets to manage ESG data.

    By Suman Bhattacharyya • Feb. 23, 2024
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    Kaarin Vembar/ESG Dive
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    Walmart hits supplier emissions goal 6 years early

    The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.  

    By Ben Unglesbee • Feb. 23, 2024
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    Justin Sullivan via Getty Images
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    Opinion

    A roadmap for corporate ESG reporting: eBay Chief Sustainability Officer

    The e-commerce platform’s chief sustainability officer, Renee Morin, explains how company executives can navigate the changing landscape of sustainability and governance. 

    By Renee Morin • Feb. 22, 2024
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    Tim Boyle/Getty Images via Getty Images
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    Chicago sues oil, gas companies to make them pay for ‘climate deception’

    The nation's third-largest city joins dozens of other municipalities and states that have filed similar lawsuits.

    By Ysabelle Kempe • Feb. 22, 2024
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    Justin Sullivan via Getty Images
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    Verizon allocates $1B green bond proceeds to renewable energy projects

    The telecommunications provider’s investment builds on its goal to achieve net-zero emissions across its operations by 2035.

    By Feb. 21, 2024
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    Deep Dive

    Biodiversity emerges as an ESG priority in packaging, but measurement could be a challenge

    As international standards evolve, fiber-based packaging companies are in the spotlight. Smurfit Kappa, WestRock, the Sustainable Forestry Initiative and Canopy Planet weigh in on what the increased focus means for the industry.

    By April Reese • Feb. 21, 2024
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    Lamar Johnson/ESG Dive
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    Push for climate policy and adaptation lead concerns at GreenBiz24

    More than 2,500 sustainability professionals flocked to Phoenix for the GreenBiz24 conference to hear the industry’s latest insights.

    By Feb. 21, 2024
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    Artem Peretiatko via Getty Images
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    Exclusive: Carbon management platform Gravity Climate joins ESG Data Convergence Initiative

    “The world of private equity has a massive opportunity to influence so many different companies that don't necessarily receive direct pressure,” Gravity Climate’s CEO told ESG Dive.

    By Feb. 20, 2024
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    Andrew Burton via Getty Images
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    BlackRock expands voting choice program to individual investors

    The asset manager will now allow over 3 million additional investors to take control of their power in the proxy vote process.

    By Feb. 16, 2024
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    AzmanL via Getty Images
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    Companies struggle with decarbonization due to internal governance, data issues

    Most organizations are committed to decarbonization, but a siloed approach, bureaucracy and data challenges stand in the way of success, an Engie Impact report says.

    By Suman Bhattacharyya • Feb. 16, 2024
  • A person is seen walking into a lululemon storefront.
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    Justin Sullivan/Getty Images via Getty Images
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    Lululemon accused of greenwashing in anti-competition complaint

    Advocacy organization Stand.earth is asking the Competition Bureau Canada to investigate the athletic wear company’s conduct over environmental claims.

    By Laurel Deppen • Feb. 16, 2024
  • People pass the JPMorgan Chase & Co. headquarters on the street.
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    Spencer Platt via Getty Images
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    JPMorgan, State Street exit Climate Action 100+ coalition

    BlackRock also revised its membership after the coalition announced its “phase 2” requirements that signatories enhance their corporate disclosure and implement climate transition plans.

    By Feb. 15, 2024