Corporate Governance: Page 3

  • In an aerial view, the Kayenta Solar Plant is seen on June 23, 2024 in Kayenta, Arizona.
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    Brandon Bell via Getty Images
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    JPMorgan Chase, Capital One commit $260M to Arizona solar project

    The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.

    By • Oct. 16, 2024
  • A solar panel rooftop photovoltaic installation with a city skyline in the background.
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    Funfunphoto via Getty Images
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    Real estate firm CBRE acquires NRG Energy’s renewable advisory group

    The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.

    By Joe Burns • Oct. 16, 2024
  • Visual displaying components of ESG. Explore the Trendline➔
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    TarikVision via Getty Images
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    Trendline

    Top 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
  • Rostin Behnam
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    Chip Somodevilla via Getty Images
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    CFTC issues final voluntary carbon market guidance

    The final guidance includes standards to ensure carbon credits are not subject to manipulation and have their contract terms monitored.

    By • Oct. 15, 2024
  • Female analyst uses digital interactive whiteboard for presentation to a board of executives.
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    gorodenkoff via Getty Images
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    Female CFOs, CEOs at big companies outearn male counterparts

    Women have made gains in recent decades at companies of all sizes but are far from attaining parity in all ways with men in the workplace, according to recent reports.

    By Jim Tyson • Oct. 15, 2024
  • California's Attorney General Rob Bonta speaks at a press conference.
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    Justin Sullivan via Getty Images
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    Big Oil loses bid to dismiss California greenwashing lawsuits

    The Superior Court of San Francisco County denied a motion filed by major oil producers to dismiss climate-related suits filed in California based on the court lacking “personal jurisdiction.”

    By • Oct. 14, 2024
  • A young Black girl during the March for Jobs and Freedom to the Lincoln Memorial
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    MPI via Getty Images
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    Deep Dive

    This summer saw many DEI rollbacks. What now?

    Heading into 2025, three DEI experts weigh in.

    By Caroline Colvin • Oct. 14, 2024
  • Mukhtar Babayev, COP29 President-Designate, speaks on stage.
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    Sean Gallup via Getty Images
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    CEOs from Ikea, Nestlé, H&M, others rally for climate action ahead of COP29

    The letter, signed by senior executives from over 100 corporations, calls on governments and businesses to collaborate to address challenges related to climate risk mitigation.

    By • Oct. 11, 2024
  • Climate change protestors are seen marching.
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    Asanka Ratnayake via Getty Images
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    Greenwashing cases fall for first time in 6 years, but high-severity filings surge: report

    “There's certainly a global undercurrent of ‘greenhushing,’ so companies are being more cautious about how they communicate,” RepRisk’s chief commercial officer said.

    By • Oct. 10, 2024
  • A close-up of an Uber app.
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    Matthew Horwood/Getty Images via Getty Images
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    Uber rolls out climate-focused features, updates to drive sustainability progress

    The ride-share giant’s expanded green product suite will allow users to hail more electric vehicles and track the amount of emissions they avoid by choosing sustainable transport options.

    By • Oct. 10, 2024
  • A farmer holds a coffee plant bearing fruit
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    Courtesy of Starbucks
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    Starbucks buys more innovation farms to create climate-proof coffee

    Farmers in Costa Rica and Guatemala will test drones and hybrid crop varieties as the coffee company aims to address some of the region’s most pressing climate challenges.

    By Sarah Zimmerman • Oct. 9, 2024
  • The Wall Street street sign is visible in the foreground with a picture of a trader in front of the stock market on the left of the sign. Three american flags are out of focus in the background.
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    Spencer Platt via Getty Images
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    US banks largely lagging on implementing best practices for net-zero: Exclusive

    “What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.

    By • Oct. 8, 2024
  • A large screen at an event shows a bubble graph of words that consumers believe makes a brand sustainable.
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    Katie Pyzyk/ESG Dive
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    Consumers are confused by packaging sustainability claims

    Between greenwashing, confusing terminology and a lack of information, a lot gets lost in translation, according to speakers from the National Retail Federation, NielsenIQ and others at recent industry events.

    By Katie Pyzyk • Oct. 8, 2024
  • Helicopters fly through smoke-tinged air above a city.
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    Amir Levy via Getty Images
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    Companies signal pullback on Israel-Gaza philanthropy: Conference Board

    As the conflict enters its second year, some companies will likely wind down funding commitments amid concern about backlash to corporate policies, the Conference Board’s Andrew Jones said.

    By Maura Webber Sadovi • Oct. 8, 2024
  • Coal falls off a conveyor belt onto a larger pile of coal. Multiple mounds of coal can be seen.
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    George Frey via Getty Images
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    Carbon footprint of 21 private equity firms exceeds pre-pandemic global flight emissions

    Two-thirds of the energy companies included in the portfolios of these private equity firms are invested in fossil fuels assets, which collectively emit 1.17 billion metric tons of CO2 equivalent annually.

    By • Oct. 7, 2024
  • A conference participant walks past a spinning representation of Planet Earth during the UNFCCC COP27.
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    Sean Gallup via Getty Images
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    How asset managers can integrate climate into their investment decisions: State Street, Impax

    The report shows that “understanding and managing climate change’s impact on portfolios is core to delivering attractive investment returns and cannot be ignored,” Impax CEO Ian Simm said.

    By • Oct. 7, 2024
  • A facade of a sustainable glass office building with a tree for reducing carbon dioxide.
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    Fahroni via Getty Images
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    Sustainability spending tops US corporate agenda amid decarbonization hurdles: Carrier

    Corporate focus on sustainability has increased despite economic headwinds and legislative uncertainty. Yet, many organizations face roadblocks from financial access to workforce shortages, experts say.

    By Nish Amarnath • Oct. 7, 2024
  • corporate activism backlash, Tom Lin, Temple Univ.
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    Andrew Burton via Getty Images
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    BlackRock scores win in ex-employee’s suit alleging discrimination in pursuit of DEI, ESG

    A federal judge found that the former equity trader failed to provide evidence he was fired for being a white, heterosexual male and not for violating the firm’s COVID-19 vaccination policy.

    By • Oct. 4, 2024
  • anti-ESG shareholder proposals
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    Scott Olson via Getty Images
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    Anti-ESG proxy votes surge but they’re not passing

    Shareholders submitted more than 100 anti-ESG proposals in the 2024 proxy season but none of those that made it to a vote received more than single-digit support.

    By Robert Freedman • Oct. 4, 2024
  • Businesswoman working at her desk
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    Tinpixels via Getty Images
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    US corporate commitment to diversity in decline, McKinsey says

    “Progress is surprisingly fragile, especially for women of color, who continue to be underrepresented at every level” of the corporate hierarchy, McKinsey said.

    By Jim Tyson • Oct. 4, 2024
  • A child walks among a row of red Ferrari cars on display.
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    Jack Taylor via Getty Images
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    Ferrari shutters gas-fueled plant to slash carbon emissions

    The Italian carmaker closed its Maranello trigeneration plant this week in a bid to reduce its methane gas consumption and pivot to cleaner energy sources.

    By • Oct. 3, 2024
  • Close-up shot of a food container with film that says recyclable.
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    K Neville via Getty Images
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    Deep Dive

    Hush-hush: Is greenwashing pushback prompting pivot to ‘greenhushing’?

    Companies must focus on data and transparency to back their sustainability claims instead of resorting to silence, or exaggerations, said sources from groups such as the U.S. Plastics Pact, Glass Packaging Institute and McCormick & Co.

    By Katie Pyzyk • Oct. 3, 2024
  • Picture of Shein office lobby.
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    Courtesy of Shein
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    Shein faces greenwashing investigation in Italy

    The Italian Competition Authority is accusing the fast fashion giant of posting misleading sustainability claims on its website.

    By Laurel Deppen • Oct. 3, 2024
  • California Gov. Gavin Newsom
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    Justin Sullivan via Getty Images
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    California Gov. Newsom greenlights climate disclosure acts by signing new bill

    Senate Bill 219 includes a series of amendments to climate bills SB 253 and SB 261, originally approved by Newsom last October, while retaining a 2026 start date.

    By • Oct. 2, 2024
  • Democrat AGs Rob Bonta, Letitia James, Kris Mayes, Keith Ellison and Matthew Platkin at a Climate Week NYC event hosted by Ceres.
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    Lamar Johnson/ESG Dive
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    Dem AGs: ‘We were on the verge of losing this messaging battle’ on ESG

    “We're pushing back because the Republicans are rewriting reality, trying to voice the false narrative on business … and we can’t stand for that,” California AG Rob Bonta said.

    By • Oct. 2, 2024
  • Business professionals attending business conference and networking.
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    SolStock via Getty Images
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    ESG and sustainability conferences to watch in 2025

    Early agendas for 2025 events show a growing focus on decarbonizing data centers, as well as increasing climate financing and aligning ESG standards.

    By , • Oct. 1, 2024