Corporate Governance: Page 19
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Support for ESG proposals fell by a third since 2021 record: Report
“Politics clearly had a role to play and cast a chill on the top end of proposal voting,” according to Sustainable Investments Institute Executive Director Heidi Welsh.
By Lamar Johnson • March 15, 2024 -
Courtesy of General Motors
GM hires former Tesla exec as head of manufacturing and sustainability
Jens Peter Clausen led efforts to scale the production of EV propulsion systems at the electric automaker’s Gigafactory 1 in Nevada.
By Eric Walz • March 15, 2024 -
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Target, Starbucks top racial and gender pay scorecard while Nike slides: report
The scorecard, the seventh annual from Arjuna Capital, surveyed over 128 companies across seven sectors.
By Zoya Mirza • March 14, 2024 -
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As You Sow stays the course with plastic reduction resolutions despite ESG headwinds
“I think this is a really difficult year for shareholder resolutions,” said Kelly McBee, circular economy manager at As You Sow. To date, its 2024 consumer packaging efforts target Altria, Amazon and others.
By Maria Rachal • March 14, 2024 -
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Determining if GHG is material to your company: KPMG’s ESG audit leader
Maura Hodge said companies will need to take a quantitative and qualitative approach to gauge whether to disclose scope 1 and scope 2 emissions.
By Lamar Johnson • March 13, 2024 -
Christopher Furlong via Getty Images
Unilever updates climate action plan, targets scope 3 emissions reduction
The consumer goods company said it plans to completely eliminate direct emissions and reduce indirect emissions by 42%, compared to a 2021 baseline, by the end of the decade.
By Zoya Mirza • March 12, 2024 -
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Massachusetts pension fund updates ESG proxy voting policies
The updates include additional information on how the state pension fund will vote on the “most important and scrutinized corporate governance topics among institutional investors.”
By Lamar Johnson • March 12, 2024 -
Patrick Smith via Getty Images
10 Republican-led states file lawsuit to block SEC’s climate disclosure rule
The challenge, led by West Virginia, was announced before the ink could dry on the agency’s final rule.
By Lamar Johnson • March 8, 2024 -
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Gender diversity on boards correlates with high credit quality: Moody’s
Investors seek greater gender and racial diversity on corporate boards, according to the Securities and Exchange Commission.
By Jim Tyson • March 8, 2024 -
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Conflicting views on SEC’s authority set the tone for climate disclosure rule vote
The newly-passed regulation faces criticism from supporters and detractors for not going far enough and going too far, respectively.
By Zoya Mirza , Lamar Johnson • March 7, 2024 -
FangXiaNuo via Getty Images
Meeting ESG requirements is ‘significantly more challenging,’ say executives: Workiva
The study found that companies are at various stages of preparedness, with new pressure on firms to refine data collection, reporting and verification systems.
By Suman Bhattacharyya • March 6, 2024 -
David Taube/ESG Dive
Werner board member resigns over ESG disagreements
Vikram Mansharamani stepped down from his seat Feb. 27, according to his resignation letter.
By Colin Campbell • March 6, 2024 -
Drew Angerer via Getty Images
SEC drops scope 3 from final climate rule, takes phased approach to scope 1 and 2 reporting
The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.
By Lamar Johnson • Updated March 6, 2024 -
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16 Republican AGs question BlackRock fund directors over ESG
The letter asks directors about BlackRock’s involvement with ESG groups and whether this causes conflicts of interest in its fiduciary duty to its shareholders.
By Zoya Mirza • March 5, 2024 -
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A primer on the SEC’s climate disclosure rule ahead of its vote
A look at the rule the agency proposed in 2022, what’s expected to change and what will be finalized at Wednesday’s vote.
By Lamar Johnson • March 5, 2024 -
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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 -
Stephen Chernin via Getty Images
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 -
Getty Creative via Getty Images
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 -
Drew Angerer via Getty Images
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 -
David Ramos via Getty Images
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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