Corporate Governance: Page 9
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COP29COP29 negotiators approve Article 6.4, establish standards for global carbon market
The approval of the standards was called a “critical step” toward future climate negotiations at COP29 by the summit’s lead negotiator, Yalchin Rafiyev.
By Zoya Mirza • Nov. 14, 2024 -
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2024 ElectionsTrump win is ‘setback’ for climate protection, but clean energy advocates say progress will continue
Trump’s victory means a Republican will be selected to lead FERC, which will likely work to rein in transmission incentives, said Tyson Slocum, director of Public Citizen's Energy Program.
By Robert Walton • Nov. 14, 2024 -
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Opinion // COP29What COP29 entails for the global energy transition, business priorities
COP29 will be a “critical moment” in the global climate transition, further shaping the ESG landscape and motivating companies to ramp up sustainability initiatives, says Workiva’s chief sustainability officer.
By Mandi McReynolds • Nov. 13, 2024 -
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SEC charges Invesco $17.5M for misleading ESG statements
“Companies should be straightforward with their clients and investors rather than seeking to capitalize on investing trends and buzzwords,” the acting head of SEC enforcement said.
By Lamar Johnson • Nov. 11, 2024 -
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Opinion // COP29Increasing sustainability and inclusivity top of mind for COP29, says summit’s chief operating officer
The Chief Operating Officer for COP29 details steps the summit’s planning committee has taken to cut emissions and ramp up accessibility at the Baku venue.
By Narmin Jarchalova • Nov. 11, 2024 -
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Small beef production cuts in wealthier nations could remove years of carbon emissions: report
Eliminating as little as 13% of total production could remove the same amount of total greenhouse gasses emitted over the past three years.
By Nathan Owens • Nov. 8, 2024 -
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2024 ElectionsClean energy, sustainable investors brace for second Trump presidency
Experts expect private sector work on ESG issues and the clean energy transition to continue, albeit at a slower pace, under a reelected Donald Trump.
By Lamar Johnson • Nov. 7, 2024 -
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SEC says funds mischaracterizing use of ESG factors
The assessment is part of a broader risk alert by the agency regarding the discrepancy between funds’ investment strategies and marketing literature.
By Lamar Johnson • Nov. 6, 2024 -
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Samsonite commits to renewable electricity, increased recyclability to slash emissions
The new targets build on the luggage company’s ESG strategy, which includes a goal to achieve carbon neutrality across all operations by 2025.
By Zoya Mirza • Nov. 6, 2024 -
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Marsh to insure carbon credits against counterfeits, fraud
The insurance broker said the new insurance facility will help de-risk carbon credit investments and protect companies from potential “fraudsters.”
By Lamar Johnson • Nov. 5, 2024 -
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PepsiCo gets New York plastic pollution lawsuit dismissed
The development comes on the heels of Los Angeles County filing its own complaint against PepsiCo and Coca-Cola focused on public nuisance and alleged violations of unfair competition and false advertising law.
By Maria Rachal • Nov. 5, 2024 -
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SEC says Vanguard can nix human rights shareholder proposals from 2025 proxy materials
The agency agreed that two sets of the firms’ funds can exclude a proposal to provide greater transparency to ensure their investments don’t “substantially contribute to genocide.”
By Lamar Johnson • Nov. 4, 2024 -
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Microsoft swaps concrete, steel with wood in new data centers to cut emissions
This marks the tech giant’s latest push to reduce its carbon footprint and accelerate progress toward its sustainability targets, which include a goal to become carbon negative by 2030.
By Zoya Mirza • Nov. 4, 2024 -
Photo illustration: Industry Dive; Joe Readle/Getty Images; Brandon Bell/Getty Images
2024 ElectionsAs US EV sales growth slows, election results could reverse or reinforce the trend
U.S. electric vehicle sales are rising, though the rate of growth has declined in the past year. The next president may continue support for purchase incentives or seek to cut the popular tax credit, say experts.
By Robert Walton • Nov. 4, 2024 -
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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 -
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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 -
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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
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