Corporate Governance: Page 2
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New Jersey AG accuses Republic First of redlining
The failed lender originated 6% of its home loans to residents of majority-nonwhite neighborhoods between 2018 and 2022, the state found. The state filed a claim with the FDIC seeking remediation.
By Dan Ennis • Nov. 1, 2024 -
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OpinionIn the wake of increased scrutiny, ESG leaders aren’t backing down.
Amid a polarized political landscape, companies are beginning to view sustainability and corporate social responsibility through the same strategic lens.
By Sona Khosla • Oct. 31, 2024 -
Explore the Trendline➔
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TrendlineTop 5 stories from ESG Dive
This year has shaped up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.
By ESG Dive staff -
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HSBC drops CSO from exec board, insists it’s not gearing up to split
The bank confirmed Tuesday that Chief Sustainability Officer Celine Herweijer will not be a part of its re-organized executive operating committee.
By Dan Ennis • Oct. 31, 2024 -
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Morgan Stanley adjusts climate targets with Paris Agreement goal slipping
The bank’s 2030 targets now include a net-zero scenario that would limit additional temperature rise to 1.7°C, as aspirations for limiting global warming to 1.5°C fade.
By Lamar Johnson • Oct. 30, 2024 -
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Net-Zero Asset Owner Alliance members invested $175B in climate solutions in 2023: report
The UN-backed group said its 88 members have committed a total of $555 billion towards climate-focused investments from its inception through last year.
By Zoya Mirza • Oct. 30, 2024 -
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UN says current climate policies and pledges ‘nowhere near’ meeting 1.5°C goal
The United Nations said as it stands now, the 2015 Paris Agreement goal “will be dead within a few years.”
By Zoya Mirza • Oct. 29, 2024 -
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Gender diversity on boards plateaus — but that’s not the full picture
It mirrors an ongoing trend in the diversity, equity and inclusion space, where interest and investments in equity seemed to be slowing.
By Caroline Colvin • Oct. 29, 2024 -
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SEC panel urged to back shareholder rights, proposal process
Shareholders’ rights advocates urged the agency's Investor Advisory Committee to defend the current proposal process as a “vital right of shareholders” against attempts to dilute them.
By Lamar Johnson • Oct. 29, 2024 -
Courtesy of Climeworks — The Mammoth plant
Morgan Stanley inks carbon removal deal with Climeworks
The deal is the financial institution’s first foray into direct air capture credit purchasing and expands Climeworks’ U.S. footprint.
By Lamar Johnson • Oct. 25, 2024 -
Courtesy of Sabert Corp.
Q&A5 questions for Sabert’s new chief sustainability officer
Richa Desai discusses what it’s like to lead sustainability strategy at a private food packaging company in a changing landscape.
By Maria Rachal • Oct. 25, 2024 -
Sean Gallup via Getty Images
Denim meets decarbonization: Levi’s unveils first climate transition plan
The denim manufacturer has committed to achieving net-zero emissions by 2050 and reducing scope 3 emissions 42% by 2030.
By Zoya Mirza • Oct. 25, 2024 -
Chip Somodevilla via Getty Images
SEC slaps $4M fine on WisdomTree over greenwashing
The Securities and Exchange Commission is fining the New York-based asset manager for falsely advertising the investment strategy of three funds to have considered ESG factors.
By Zoya Mirza • Oct. 24, 2024 -
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BlackRock targeted for greenwashing in ClientEarth complaint
The environmental nonprofit sent a complaint to French regulators alleging the firm is mislabeling funds as “sustainable,” despite holding $1 billion in fossil fuel investments.
By Lamar Johnson • Updated Oct. 25, 2024 -
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Most finance leaders believe sustainability targets out of reach: EY
CFOs leading companies active in the U.S. and Europe face a “fluid picture” when attempting to meet regulations for sustainability reporting, EY said.
By Jim Tyson • Oct. 24, 2024 -
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NYC comptroller proposes stopping pensions’ private market investments in fossil fuels
The funds would be the first U.S. public pension plans to have exclusions on investing in fossil fuel infrastructure like pipelines and liquefied natural gas terminals.
By Lamar Johnson • Oct. 23, 2024 -
Sean Gallup via Getty Images
COP29 president reveals final text of nine climate-focused pledges, declarations
Azerbaijan’s Mukhtar Babayev said the documents serve as “vital tools to drive progress on climate action” and will complement the official negotiation process at the annual UN summit.
By Zoya Mirza • Oct. 22, 2024 -
Michael M. Santiago via Getty Images
JPMorgan hires NOAA climate scientist to lead climate advisory practice
Sarah Kapnick rejoins the bank after a stint as the National Oceanic and Atmospheric Administration’s presidentially-appointed top scientist.
By Lamar Johnson • Oct. 22, 2024 -
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Many middle market firms in ESG ‘wait and see’ mode, RSM says
While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.
By Chris Gaetano • Oct. 22, 2024 -
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DOL, red states reprise stances on Loper Bright’s effect on ESG rule
The case is back before the U.S. district court judge whose initial dismissal in September 2023 relied on the now-overturned Chevron Doctrine.
By Lamar Johnson • Oct. 21, 2024 -
Courtesy of Climate Group
Climate Week NYC 2024: a retrospective on major announcements, deals
This year’s iteration of the event spanned across 600 events in the city, congregating business leaders, key decision makers and heads of government from all over the world.
By Zoya Mirza , Lamar Johnson • Oct. 21, 2024 -
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NFL stadiums face $11 billion climate risk price tag by 2050: report
The risk would extend past Sunday kickoffs, as stadium venues are local economic hubs and often receive taxpayer funding for development.
By Lamar Johnson • Oct. 18, 2024 -
Nicola Katie via Getty Images
House Democrats call on CEOs to support DEI amid increasing policy rollbacks
A group of 49 Congressional Democrats is urging senior executives of Fortune 1,000 companies to “reject division” and continue backing programs that boost diversity, equity and inclusion.
By Zoya Mirza • Oct. 18, 2024 -
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CalSTRS taps Ninety One to manage $150M sustainability mandate
The California State Teachers’ Retirement System is appointing the investment firm’s decarbonization-focused Global Environment Strategy to oversee the mandate.
By Zoya Mirza • Oct. 17, 2024 -
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IBM acquires Prescinto to bolster renewable energy asset management capabilities
The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.
By Lamar Johnson • Oct. 17, 2024 -
Retrieved from Modern Meadow on October 14, 2024
Sustainable materials firm Modern Meadow names new CEO
David Williamson will take on the top spot after previously serving as president and COO.
By Laurel Deppen • Oct. 17, 2024
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