Corporate Governance: Page 13
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Stefan Sutka via Getty Images
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 -
Fahroni via Getty Images
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 -
Michael M. Santiago / Staff via Getty Images
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 -
Hapabapa via Getty Images
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 -
Jeenah Moon via Getty Images
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 -
Getty Images/Staff via Getty Images
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 -
Stock via Getty Images
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 -
Matt Cardy via Getty Images
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 -
Michael Lawrence via Getty Images
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 -
Sean Gallup via Getty Images
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 -
Michael M. Santiago via Getty Images
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 -
Chip Somodevilla via Getty Images
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 -
Sean Gallup via Getty Images
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 -
Chip Somodevilla via Getty Images
SEC slaps $4M fine on WisdomTree over greenwashing
The Securities and Exchange Commission is fining the New York-based asset manager for falsely advertising the investment strategy of three funds to have considered ESG factors.
By Zoya Mirza • Oct. 24, 2024 -
Spencer Platt via Getty Images
BlackRock targeted for greenwashing in ClientEarth complaint
The environmental nonprofit sent a complaint to French regulators alleging the firm is mislabeling funds as “sustainable,” despite holding $1 billion in fossil fuel investments.
By Lamar Johnson • Updated Oct. 25, 2024 -
Fahroni via Getty Images
Most finance leaders believe sustainability targets out of reach: EY
CFOs leading companies active in the U.S. and Europe face a “fluid picture” when attempting to meet regulations for sustainability reporting, EY said.
By Jim Tyson • Oct. 24, 2024 -
Brandon Bell via Getty Images
NYC comptroller proposes stopping pensions’ private market investments in fossil fuels
The funds would be the first U.S. public pension plans to have exclusions on investing in fossil fuel infrastructure like pipelines and liquefied natural gas terminals.
By Lamar Johnson • Oct. 23, 2024 -
Sean Gallup via Getty Images
COP29COP29 president reveals final text of nine climate-focused pledges, declarations
Azerbaijan’s Mukhtar Babayev said the documents serve as “vital tools to drive progress on climate action” and will complement the official negotiation process at the annual UN summit.
By Zoya Mirza • Oct. 22, 2024 -
Michael M. Santiago via Getty Images
JPMorgan hires NOAA climate scientist to lead climate advisory practice
Sarah Kapnick rejoins the bank after a stint as the National Oceanic and Atmospheric Administration’s presidentially-appointed top scientist.
By Lamar Johnson • Oct. 22, 2024 -
Max Kegfire via Getty Images
Many middle market firms in ESG ‘wait and see’ mode, RSM says
While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.
By Chris Gaetano • Oct. 22, 2024 -
Alex Wong via Getty Images
DOL, red states reprise stances on Loper Bright’s effect on ESG rule
The case is back before the U.S. district court judge whose initial dismissal in September 2023 relied on the now-overturned Chevron Doctrine.
By Lamar Johnson • Oct. 21, 2024
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