Corporate Governance: Page 5
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EPA funding freeze endangers $7B Solar For All program
“We don't know how much money got out the door, we don't know how much money the administration can seek to claw back,” said Vote Solar’s executive director, Sachu Constantine.
By Diana DiGangi • Feb. 11, 2025 -
Deep Dive
US state legislatures take aim at fashion’s sustainability and safety concerns
The new regulations are designed to protect workers, consumers and the environment, but there are still hurdles to face between passing the bills and implementing them.
By Siera Nezaj • Feb. 10, 2025 -
Google moves away from aspirational diversity hiring goals
This move is on par with what attorneys have been recommending in a tense political landscape around DEI and compliance.
By Caroline Colvin • Feb. 10, 2025 -
Google contracts over $100M in carbon removal credits in 2024
“We’re encouraged by our progress, but the journey to catalyze carbon removal is just beginning,” Google Carbon Credits and Removals Lead Randy Spock said.
By Lamar Johnson • Feb. 7, 2025 -
Lego to increase solar capacity by 72% this year to cut emissions
The Danish toymaker calls solar expansion a “key initiative” to help meet its sustainability goals, which include achieving net-zero emissions by 2050.
By Zoya Mirza • Feb. 7, 2025 -
Opinion
‘A clarion call’: How employers should respond to Trump’s private-sector DEI order
Beyond clearly illegal practices like using preferences and quotas, employers need to dig into their DEI programs to see where the potential for other legal challenges might lie, writes Jonathan Segal, partner at Duane Morris.
By Jonathan Segal • Feb. 7, 2025 -
Sephora boosts DEI with new documentary
As others back away from DEI initiatives, the retailer said its film “reaffirms its commitment to fostering a world of inspiration and inclusion.”
By Tatiana Walk-Morris • Feb. 6, 2025 -
New York reintroduces bills seeking climate risk, emissions disclosures
Senate Bills 3456 and 3697, if approved, would mandate climate-related disclosures from large companies operating in the Empire State as early as 2027.
By Zoya Mirza • Feb. 6, 2025 -
ESG encountering widening ‘gulf’ between US and European investors: Morningstar
“We are definitely seeing a widening gap … between asset manager support for environmental and social-related voting initiatives," Morningstar Sustainalytics’ director of investment stewardship research said.
By Lamar Johnson • Feb. 5, 2025 -
Companies reduce philanthropy aimed at boosting racial, gender equality
Change in “corporate citizenship” initiatives coincide with a federal backlash against efforts to promote sustainability in the private and public sectors.
By Jim Tyson • Feb. 5, 2025 -
Vanguard dilutes diversity guidelines for US board proxy voting
The updated policies exclude a recommendation that boards “at a minimum, represent diversity of personal characteristics, inclusive of at least diversity in gender, race and ethnicity.”
By Lamar Johnson • Feb. 4, 2025 -
Meta’s HR changes reflect widely touted aspirational approach to DEI
Eliminating hard inclusivity goals won’t protect against reverse discrimination complaints but it will help, legal specialists say.
By Robert Freedman • Feb. 4, 2025 -
Republican officials urge SEC, DOL to adopt anti-ESG, DEI rules
The letter signed by 22 Republican state finance officials cited American Airlines’ recent legal loss as evidence that fiduciaries are breaching their duty to loyalty with regards to ESG and DEI.
By Lamar Johnson • Feb. 3, 2025 -
Treasury Department exits global regulatory climate coalition
The Treasury’s Federal Insurance Office withdrew from the Network of Central Banks and Supervisors for Greening the Financial System last week to comply with President Donald Trump’s executive orders.
By Zoya Mirza • Feb. 3, 2025 -
Developments driving the ESG, sustainability industry in 2025
The change in U.S. presidential leadership has triggered drawbacks of ESG and DEI commitments, as the private sector braces for a change in political direction.
By Zoya Mirza , Lamar Johnson • Jan. 31, 2025 -
Target ends some DEI initiatives, reiterates commitment to belonging and inclusion
Chief Community Impact and Equity Officer Kiera Fernandez cited “the importance of staying in step with the evolving external landscape.”
By Daphne Howland • Jan. 31, 2025 -
Deep Dive
Why climate alliance memberships are no longer ‘en vogue’ for Wall Street
Financial institutions have increasingly departed groups like the Net-Zero Banking Alliance and Climate Action 100+, but experts say banks are still committed to sustainability.
By Zoya Mirza • Jan. 30, 2025 -
Rockefeller grant strengthens push for nature-related disclosures
The Rockefeller Foundation announced it will give the Taskforce on Nature-related Financial Disclosures $500,000 to scale its voluntary adoption efforts, as the organization rolls out additional sector guidelines.
By Lamar Johnson • Jan. 30, 2025 -
1 in 8 companies say they plan to weaken DEI commitments in 2025
More than half of managers said diversity, equity and inclusion initiatives were implemented primarily for public relations purposes, Resume.org found.
By Carolyn Crist • Jan. 29, 2025 -
American Express’ travel arm unveils emissions-based carbon pricing tool
American Express Global Business Travel said its new tool will help business travelers calculate their carbon footprint and direct investments toward sustainability initiatives.
By Zoya Mirza • Jan. 28, 2025 -
Companies continue to pursue scope 3 reporting, despite regulatory and data collection challenges
Mejuri and Kontoor Brands are working with supplier networks to improve transparency of scope 3 reporting, while LinkedIn is using an internal carbon fee as an oversight mechanism.
By Suman Bhattacharyya • Jan. 27, 2025 -
While Trump’s anti-DEI executive orders pile up, JPMorgan Chase CEO doesn’t flinch
In response to activists’ anti-DEI efforts against his company, the CEO said to “bring them on.”
By Caroline Colvin • Jan. 27, 2025 -
Deep Dive
Tech industry works to meet AI’s energy demands as ESG use cases grow
“I don't think we're going to ever capture the opportunities of AI if we don't think about it in a responsible way,” Cisco Chief Sustainability Officer Mary de Wysocki told ESG Dive.
By Lamar Johnson • Jan. 24, 2025 -
Northern Trust AM exits Climate Action 100+, Net-Zero Asset Managers initiative
The departure is the latest in Wall Street’s continued exodus from climate-focused alliances and groups as sector scrutiny heats up under the new Trump administration.
By Zoya Mirza • Jan. 24, 2025 -
Judge dismisses New York City’s lawsuit against Big Oil
A state judge ruled that NYC had failed to demonstrate that ExxonMobil, Shell, BP and the American Petroleum Institute had deceived consumers about the climate impact of their fossil fuel products.
By Zoya Mirza • Jan. 23, 2025