Corporate Governance: Page 4

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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
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    Johannes Simon via Getty Images
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    New program to help fashion brands navigate EU’s sustainability legislation

    Nonprofit Fair Wear will launch the HRDD Academy to assist global garment and footwear brands meet the demands of the EU’s Corporate Sustainability Due Diligence Directive and other frameworks.

    By Laurel Deppen • Oct. 1, 2024
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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
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    Morgan Stanley secures $750M for climate-focused private equity fund

    The 1GT fund aims to collectively avoid or cut one gigaton of carbon dioxide equivalent emissions from the Earth’s atmosphere by 2050.

    By • Sept. 30, 2024
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    Jeff J Mitchell via Getty Images
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    Opinion

    Results show carbon capture’s alleged promises are full of hot air

    The happy-talk DOE press information says nothing about the difficulties associated with building a first-of-its kind technology and hooking it up to a large-scale electric generator.

    By Dennis Wamsted • Sept. 30, 2024
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    Permission granted by Clifton Prescod for Dow Jones
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    Transparency on carbon credits’ quality is ‘critical’ for reducing corporate emissions, experts say

    Verra CEO Mandy Rambharos said companies purchasing carbon credits should be able to understand where those credits come from and feel confident listing it as a decarbonization investment.

    By • Sept. 27, 2024
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    CEOs face hurdles in meeting net-zero targets due to decarbonization challenges: KPMG

    CEOs pointed to the complexity of cutting supply chain emissions and implementing sustainable solutions as challenges affecting their net-zero target strategies.

    By Suman Bhattacharyya • Sept. 26, 2024
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    Deep Dive

    No, not all companies are abandoning diversity, equity and inclusion. Here’s why.

    Amid a high-profile backlash, many businesses are scrutinizing their policies. But the vast majority end up sticking with DEI, in part because it’s key to growth.

    By Daphne Howland • Sept. 26, 2024
  • Environmental activists seen protesting outside the New York Supreme Court.
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    Climate lawsuits against largest fossil fuel producers have almost tripled, report finds

    Oil giants like ExxonMobil and Shell are increasingly facing lawsuits regarding their alleged culpability for climate change-related damages and engagement in misleading advertising.

    By Lyle Moran • Sept. 25, 2024
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    Spencer Platt via Getty Images
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    Most global banks unprepared for climate change risks: report

    A majority of banks lack clear climate adoption strategies, a Climate X survey of 50 of the world's largest commercial banks found.

    By Suman Bhattacharyya • Sept. 24, 2024
  • Equipment at ExxonMobil's advanced recycling facility in Baytown, Texas
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    Courtesy of ExxonMobil
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    Lawsuits from California AG and others take aim at ExxonMobil’s chemical recycling claims

    The oil giant is facing a pair of coordinated lawsuits that collectively allege deceptive marketing, concealment of harm, and violations of nuisance and unfair competition laws.

    By Maria Rachal • Sept. 24, 2024
  • State Street building. Yellow banners say "State Street Global Advisors" "Reinventing Investing"
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    Monica Schipper via Getty Images
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    State Street reduces support for E + S proposals, following other Big Three asset managers

    State Street supported 6% of environmental and 7% of social proposals in the 2024 proxy season, confirming the nation’s largest asset managers all supported fewer such proposals than in 2023.

    By • Sept. 23, 2024
  • Lilly Biotechnology Center in San Diego, California
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    Michael Vi / Getty Images via Getty Images
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    Q&A

    How Lilly’s sustainability goals come face to face with massive growth

    Eli Lilly’s head of ESG is maintaining a focus on sustainability even as the company’s expansion plans in weight loss drive a larger footprint and more social scrutiny.

    By Michael Gibney • Sept. 23, 2024
  • Mukhtar Babayev speaks to the media during a conference.
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    Sean Gallup via Getty Images
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    COP29 president unveils climate action agenda with no mention of fossil fuel phase out

    Though the agenda introduced a spate of environmental initiatives, it lacked any direct mentions of transitioning away from fossil fuels, a goal set during COP28.

    By • Sept. 20, 2024
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    JPMorgan creates role to oversee junior bankers’ ‘wellbeing’: memo

    Ryland McClendon’s appointment comes amid a spike in concern over the workload and expectations of associates and analysts after a 35-year-old Bank of America banker died in May.

    By Rajashree Chakravarty • Sept. 20, 2024
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    House GOP passes pair of anti-ESG bills targeting ‘woke’ investment policies

    House Republicans passed a pair of bills this week aimed at pension funds and the Securities and Exchange Commission that Rep. Juan Vargas, D-Calif., said are “going nowhere” in a Democrat-controlled Senate.

    By • Sept. 20, 2024
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    Under 25% of Vanguard’s 2024 proxy pilot participants chose ESG-centered policies

    The program’s third-party ESG policy option was particularly popular with investors of one of the firm’s ESG funds, though just under a quarter of pilot participants picked the option overall.

    By • Sept. 18, 2024
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    "CBRE reception" by EG Focus is licensed under CC BY 2.0
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    Real estate firm CBRE curbs scope 1, 2 emissions by 24% since 2019

    Its scope 1 emissions rose almost 16% since 2022 due to increased mileage across its vehicle fleet, which it looks to fully electrify by 2035, according to CBRE’s 2023 corporate responsibility report.

    By Joe Burns • Sept. 18, 2024
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    Congressional Black Caucus’ DEI index offers accountability roadmap

    The group laid out best practices for employers to hold themselves accountable after studying Fortune 500 companies’ DEI approaches.

    By Caroline Colvin • Sept. 17, 2024
  • Gary Gensler is in focus speaking with a finger raised in front of a name card. An aide sits behind him out of focus.
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    Kevin Dietsch via Getty Images
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    SEC disbands its climate and ESG enforcement task force

    The Securities and Exchange Commission said it will return its attention to greenwashing if it sees another spike in risk, an agency spokesperson told ESG Dive.

    By • Sept. 13, 2024
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    Big banks pressed to stop financing livestock production over climate concerns

    An open letter singles out JPMorgan Chase, Bank of America and other institutions for their support of food giants like JBS, saying lending activities undermine the sector’s environmental commitments.

    By Sarah Zimmerman • Sept. 13, 2024
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    ClimeCo unveils certification program for sustainable products

    The environmental services company’s new certification aims to help companies communicate their sustainability initiatives and consumers make informed purchasing decisions.

    By • Sept. 12, 2024
  • Rep. Bill Huizenga speaks with his glasses in his right hand at a congressional hearing.
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    House Financial Services panel hearing probes proxy advisors’ ESG influence

    Rep. Bill Huizenga, R-Mich., said advisors are becoming “de facto standard setters” for governance, while a witness compared them to consultants who help investors “sift through mountains of data.”

    By • Sept. 12, 2024
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    Patagonia joins sustainable packaging initiative aimed at protecting forests

    The retailer is collaborating with environmental nonprofit Canopy to develop paper products using agricultural waste and non-forest fibers.

    By Kelly Stroh • Sept. 12, 2024
  • Larry Fink, CEO of BlackRock, speaks at a roundtable discussion.
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    FERC greenlights BlackRock’s $12.5B purchase of Global Infrastructure Partners

    The Federal Energy Regulatory Commission approved the transaction on the back of a blanket authorization it first granted the asset management firm in 2010.

    By • Sept. 10, 2024
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    Nasdaq partners with Crux to help companies access clean energy tax credits

    The team-up will grant Nasdaq ESG Solution clients access to Crux’s platform of clean energy project developers and manufacturers to purchase transferable tax credits.

    By • Sept. 9, 2024