Gap, H&M, others join initiative to decarbonize fashion supply chain

The Future Supply Initiative will provide brands with financing models and technical support to help their suppliers transition to low carbon technologies and solutions.

By Zoya Mirza • June 17, 2024

DEI success ultimately stems from strong CEO leadership, survey indicates

While acknowledging the increased pushback regarding DEI programs, Black executives noted the importance of sustaining their initiatives.

By Carolyn Crist • June 17, 2024

Explore the Trendline➔

Merging of ESG standards and frameworks eases reporting struggles for companies

Corporations navigating the ESG landscape have reported a lack of clarity on what data to report and to whom. An acceleration in the amalgamation of frameworks and standards seeks to solve this problem.

By ESG Dive staff

Hershey ramps up renewable energy sourcing to slash emissions

The chocolate manufacturer increased its procurement of electricity from green sources to 80% in 2023, up from 77% in 2022 — a rise it attributed to PPAs and clean energy credits.

By Zoya Mirza • June 14, 2024

Microsoft leans on forest management for carbon removal credits

The tech giant will purchase over 970,000 nature-based carbon removal credits derived from Anew Climate’s expansive portfolio of afforestation projects across the U.S.

By Zoya Mirza • June 13, 2024

Witnesses combat House panel report of ‘collusion’ on decarbonization

A day after the Judiciary Committee’s report, witnesses from Ceres, Arjuna Capital and CalPERS disputed claims alleging their work constitutes antitrust violations.

By Lamar Johnson • June 13, 2024

House Judiciary: Climate groups and activists ‘colluding’ on decarbonization

The interim report from the years-long probe accuses groups in the financial system of forming a “climate cartel” that “has declared war on the American way of life.”

By Lamar Johnson • June 12, 2024

DEI backlash won’t halt workplace initiatives, most leaders say

Nearly all leaders said they believe DEI is important for its positive impact on recruiting, hiring and retention, a survey finds.

By Carolyn Crist • June 12, 2024

Vanguard says ExxonMobil made a ‘compelling case’ for its shareholder lawsuit

The nation’s second-largest asset manager supported Exxon CEO Darren Woods and its board of directors at the energy giant’s May 29 board meeting after concluding it displayed appropriate oversight.

By Lamar Johnson • June 11, 2024

House Oversight Committee probes IRS over ESG policies

Committee Chair James Comer asked IRS Commissioner Daniel Werfel to explain how the agency ensures state retirement plans invest for the “exclusive benefit” of enrollees.

By Zoya Mirza • June 11, 2024

SEC asks organizations to complete diversity self-assessment

The agency said it will use the voluntary disclosures from its regulated firms to identify any trends and progress on diversity-related activities.

By Lamar Johnson • June 10, 2024

SEC views more shareholder proposals as micromanagement efforts

After a 2021 change in no-action reviews caused a backlash among institutional investors, Securities and Exchange Commission staff appear to side more with companies against activist shareholders. 

By Robert Freedman • June 10, 2024

The fashion industry’s ‘urgent need’ for sustainable practices

It is “incumbent” on the industry to “bring new solutions forward,” said experts and stakeholders at the United Nations Fashion and Lifestyle Network annual meeting.

By Zoya Mirza • June 6, 2024

Citi boosts paid parental leave to match industry peers

The bank is giving birth mothers an additional eight weeks of recovery time, bringing total leave to 24 weeks, in line with policies by Morgan Stanley and Barclays.

By Dan Ennis • June 5, 2024

Sierra Club, NRDC drop legal challenges to SEC climate rule

The two environmental groups have decided to focus resources elsewhere to improve climate-related financial disclosures.

By Lamar Johnson • June 5, 2024

Most M&A buyers would pay 3% extra for a company with a good ESG profile

ESG is playing a bigger role in dealmaking than ever before, Deloitte said.

By Jim Tyson • June 4, 2024

IFRS, GRI seek full interoperability as global jurisdictions align with ISSB

The organization behind the International Sustainability Standards Board also said jurisdictions accounting for 55% of global GDP are aligning with its frameworks.

By Lamar Johnson • June 3, 2024

Bank of America tweaks its restriction on firearms, energy lending

New language indicates lending decisions go to senior risk officials for case-by-case evaluation, rather than being a non-negotiable “no.”

By Dan Ennis • June 3, 2024

ExxonMobil’s ongoing war on ESG

The oil major is forging ahead with legal action against shareholders who pushed for climate action, despite resistance from state funds and finance officials who have rallied against its suit.

By Zoya Mirza , Lamar Johnson • Updated June 18, 2024

Google, Meta, Microsoft, Salesforce launch coalition to contract carbon removal credits

The Symbiosis Coalition aims to purchase up to 20 million tons of nature-based carbon removal credits for the tech companies by 2030.

By Zoya Mirza • May 29, 2024

ExxonMobil CEO, board slate approved despite public opposition

Darren Woods and the oil major’s board of directors were re-elected at Wednesday’s annual board meeting, despite several shareholders protesting Exxon’s suit against its investors.

By Lamar Johnson • May 29, 2024

American Airlines pilot’s anti-ESG lawsuit certified as class action

The size of the certified class is expected to exceed 100,000, according to court documents, as the airline is accused of violating its ERISA duties.

By Lamar Johnson • May 28, 2024

Scope 3 emissions reporting is a ‘when,’ not an ‘if’ for companies: Bayer, Zycus execs

ESG experts from the pharmaceutical company and procurement software provider made the case for reporting on scope 3 emissions early during a panel discussion.

By Suman Bhattacharyya • May 28, 2024

Judge green lights ExxonMobil’s suit against Arjuna Capital, dismisses Follow This

Texas’ Northern District Court said it would not drop the oil giant’s lawsuit against its activist investors, but dismissed Netherlands-based Follow This as it fell outside its jurisdiction.

By Zoya Mirza • May 24, 2024

JPMorgan, Morgan Stanley shareholders modestly support Indigenous rights, climate proposals

While voters did not approve shareholder resolutions at either meeting, the results displayed similar, if not greater, support as nearly identical proposals at other large U.S. banks.

By Lamar Johnson • May 24, 2024

Shell shareholders approve diluted climate strategy at annual meeting

Shareholders also rejected a resolution from shareholder activist Follow This to align the oil major’s scope 3 goals with the Paris Agreement.

By Lamar Johnson • May 23, 2024