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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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 Zoya Mirza • March 4, 2024 -
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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 Lamar Johnson • March 4, 2024 -
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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 Lamar Johnson • March 1, 2024 -
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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 Lamar Johnson • Feb. 29, 2024 -
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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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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 Zoya Mirza • Feb. 28, 2024 -
Courtesy of Mercedes-Benz AG
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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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 Lamar Johnson • Feb. 28, 2024 -
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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 Zoya Mirza • Feb. 27, 2024 -
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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 Lamar Johnson • Feb. 27, 2024 -
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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 -
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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 Lamar Johnson • Feb. 26, 2024 -
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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 -
Kaarin Vembar/ESG Dive
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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OpinionA 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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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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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 Zoya Mirza • Feb. 21, 2024 -
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Deep DiveBiodiversity 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 -
Lamar Johnson/ESG Dive
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 Lamar Johnson • Feb. 21, 2024 -
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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 Lamar Johnson • Feb. 20, 2024 -
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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 Lamar Johnson • Feb. 16, 2024 -
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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 -
Justin Sullivan/Getty Images via Getty Images
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 -
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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 Zoya Mirza • Feb. 15, 2024
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