Social Responsibility: Page 10

  • People walk up from the plaza at the Citigroup Center November 17, 2008 in New York City. Citigroup
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    Chris Hondros / Staff via Getty Images
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    Citigroup’s $1B racial equity program gets Labor Department greenlight

    The department’s advisory opinion clears the way for the investment bank’s program, which includes plans to subsidize investment management fees for minority- and women-owned plan managers.

    By • Oct. 18, 2023
  • Activists protest outside the U.S. Capitol building.
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    Alex Wong via Getty Images
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    Climate change leading cause for excluding companies from portfolios: report

    A coalition of nonprofits released a financial exclusions tracker of companies that have been blacklisted by banks and investors over factors such as climate change, weapon and tobacco use, and human rights violations.

    By • Oct. 17, 2023
  • SEC logo is on display outside its building in Washington, D.C.
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    Chip Somodevilla via Getty Images
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    SEC investor panel pushes for increased workforce disclosures

    The Investor Advisory Committee proposed a new rule to the agency that would require companies to disclose comprehensive labor data like compensation ranges and employment status.

    By • Oct. 13, 2023
  • A group of young protesters marching fill the frame with signs that read "Planet Over Profit" and "Climate Justice" with a sunflower sprouting bottom to top as the "i" in climate and "t" in justice.
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    Spencer Platt/Getty Images via Getty Images
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    Greenwashing growing in frequency and complexity: report

    “Social washing,” which is when companies make misleading claims of conduct on social issues, is also on the rise, according to a report from ESG data and research company RepRisk. 

    By • Oct. 11, 2023
  • The eBay logo is displayed outside company headquarters.
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    Justin Sullivan via Getty Images
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    DOJ files lawsuit against eBay for violating Clean Air Act

    The online retailer is being accused of the sale of illegal aftermarket defeat devices, which increase auto pollution emissions and harm public health.

    By • Sept. 29, 2023
  • Header image for "ESG Investors Value Disclosure Outside of Securities Filings"
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    Getty Images via Getty Images
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    75% of companies unprepared for coming ESG audits: KPMG

    As regulators worldwide begin to mandate ESG disclosures, only 25% of companies are ready for audits of their reports, KPMG said.

    By Jim Tyson • Sept. 26, 2023
  • Speech bubble, waiting room and business people with social media marketing, recruitment or HR chat sign.
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    PeopleImages via Getty Images
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    From ‘ableism’ to ‘woke’: Institute of Hospitality publishes DEI glossary

    The glossary, an industry first, looks to create a common vocabulary of diversity, equity and inclusion terms for the hospitality sector.

    By • Sept. 14, 2023
  • Nine grocery wokers striking in front in a line in front of a Safeway store with signs that say "We Demand a Fair Contract."
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    Mark Wilson/Getty Images via Getty Images
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    Investor coalition lobbies standard setter to prioritize human and workers’ rights

    ShareAction’s letter urges the International Sustainability Standards Board to also look at human capital and human rights together when it considers disclosures reporting.

    By • Sept. 11, 2023
  • View of trees from corporate building
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    Fahroni via Getty Images
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    6 CFO tips for handling the backlash against ESG

    The ESG backlash has compelled companies to alter their sustainability strategies, including ensuring close alignment with core business goals, the Conference Board said.

    By Jim Tyson • Aug. 9, 2023
  • Smoke stack of coal power plant
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    martin_33 via Getty Images
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    Record number of ESG shareholder proposals go to a vote

    As of June 30, approval rates for shareholder proposals focused on environmental and social issues fell compared to all of 2022, Diligent Market Intelligence said.

    By Jim Tyson • Aug. 4, 2023
  • DTE Energy's coal-fired Belle River power plant.
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    "Belle River Power Plant East China, Mich." by Tom is licensed under CC BY-ND 2.0
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    ESG standard setter releases global reporting rules

    The global effort to harmonize rules for corporate sustainability reporting will now focus on rallying adoption of its voluntary standards in dozens of jurisdictions worldwide.

    By Jim Tyson • June 27, 2023