Corporate Governance: Page 14
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Courtesy of Climate Group
Climate Week NYC 2024: a retrospective on major announcements, deals
This year’s iteration of the event spanned across 600 events in the city, congregating business leaders, key decision makers and heads of government from all over the world.
By Zoya Mirza , Lamar Johnson • Oct. 21, 2024 -
master1305 via Getty Images
NFL stadiums face $11 billion climate risk price tag by 2050: report
The risk would extend past Sunday kickoffs, as stadium venues are local economic hubs and often receive taxpayer funding for development.
By Lamar Johnson • Oct. 18, 2024 -
Nicola Katie via Getty Images
House Democrats call on CEOs to support DEI amid increasing policy rollbacks
A group of 49 Congressional Democrats is urging senior executives of Fortune 1,000 companies to “reject division” and continue backing programs that boost diversity, equity and inclusion.
By Zoya Mirza • Oct. 18, 2024 -
Rodin Eckenroth via Getty Images
CalSTRS taps Ninety One to manage $150M sustainability mandate
The California State Teachers’ Retirement System is appointing the investment firm’s decarbonization-focused Global Environment Strategy to oversee the mandate.
By Zoya Mirza • Oct. 17, 2024 -
Sundry Photography via Getty Images
IBM acquires Prescinto to bolster renewable energy asset management capabilities
The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.
By Lamar Johnson • Oct. 17, 2024 -
Retrieved from Modern Meadow on October 14, 2024
Sustainable materials firm Modern Meadow names new CEO
David Williamson will take on the top spot after previously serving as president and COO.
By Laurel Deppen • Oct. 17, 2024 -
Brandon Bell via Getty Images
JPMorgan Chase, Capital One commit $260M to Arizona solar project
The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.
By Lamar Johnson • Oct. 16, 2024 -
Funfunphoto via Getty Images
Real estate firm CBRE acquires NRG Energy’s renewable advisory group
The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.
By Joe Burns • Oct. 16, 2024 -
Chip Somodevilla via Getty Images
CFTC issues final voluntary carbon market guidance
The final guidance includes standards to ensure carbon credits are not subject to manipulation and have their contract terms monitored.
By Lamar Johnson • Oct. 15, 2024 -
gorodenkoff via Getty Images
Female CFOs, CEOs at big companies outearn male counterparts
Women have made gains in recent decades at companies of all sizes but are far from attaining parity in all ways with men in the workplace, according to recent reports.
By Jim Tyson • Oct. 15, 2024 -
Justin Sullivan via Getty Images
Big Oil loses bid to dismiss California greenwashing lawsuits
The Superior Court of San Francisco County denied a motion filed by major oil producers to dismiss climate-related suits filed in California based on the court lacking “personal jurisdiction.”
By Zoya Mirza • Oct. 14, 2024 -
MPI via Getty Images
Deep DiveThis summer saw many DEI rollbacks. What now?
Heading into 2025, three DEI experts weigh in.
By Caroline Colvin • Oct. 14, 2024 -
Sean Gallup via Getty Images
COP29CEOs from Ikea, Nestlé, H&M, others rally for climate action ahead of COP29
The letter, signed by senior executives from over 100 corporations, calls on governments and businesses to collaborate to address challenges related to climate risk mitigation.
By Zoya Mirza • Oct. 11, 2024 -
Asanka Ratnayake via Getty Images
Greenwashing cases fall for first time in 6 years, but high-severity filings surge: report
“There's certainly a global undercurrent of ‘greenhushing,’ so companies are being more cautious about how they communicate,” RepRisk’s chief commercial officer said.
By Lamar Johnson • Oct. 10, 2024 -
Matthew Horwood/Getty Images via Getty Images
Uber rolls out climate-focused features, updates to drive sustainability progress
The ride-share giant’s expanded green product suite will allow users to hail more electric vehicles and track the amount of emissions they avoid by choosing sustainable transport options.
By Zoya Mirza • Oct. 10, 2024 -
Courtesy of Starbucks
Starbucks buys more innovation farms to create climate-proof coffee
Farmers in Costa Rica and Guatemala will test drones and hybrid crop varieties as the coffee company aims to address some of the region’s most pressing climate challenges.
By Sarah Zimmerman • Oct. 9, 2024 -
Spencer Platt via Getty Images
US banks largely lagging on implementing best practices for net-zero: Exclusive
“What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.
By Lamar Johnson • Oct. 8, 2024 -
Katie Pyzyk/ESG Dive
Consumers are confused by packaging sustainability claims
Between greenwashing, confusing terminology and a lack of information, a lot gets lost in translation, according to speakers from the National Retail Federation, NielsenIQ and others at recent industry events.
By Katie Pyzyk • Oct. 8, 2024 -
Amir Levy via Getty Images
Companies signal pullback on Israel-Gaza philanthropy: Conference Board
As the conflict enters its second year, some companies will likely wind down funding commitments amid concern about backlash to corporate policies, the Conference Board’s Andrew Jones said.
By Maura Webber Sadovi • Oct. 8, 2024 -
George Frey via Getty Images
Carbon footprint of 21 private equity firms exceeds pre-pandemic global flight emissions
Two-thirds of the energy companies included in the portfolios of these private equity firms are invested in fossil fuels assets, which collectively emit 1.17 billion metric tons of CO2 equivalent annually.
By Zoya Mirza • Oct. 7, 2024 -
Sean Gallup via Getty Images
How asset managers can integrate climate into their investment decisions: State Street, Impax
The report shows that “understanding and managing climate change’s impact on portfolios is core to delivering attractive investment returns and cannot be ignored,” Impax CEO Ian Simm said.
By Lamar Johnson • Oct. 7, 2024 -
Fahroni via Getty Images
Sustainability spending tops US corporate agenda amid decarbonization hurdles: Carrier
Corporate focus on sustainability has increased despite economic headwinds and legislative uncertainty. Yet, many organizations face roadblocks from financial access to workforce shortages, experts say.
By Nish Amarnath • Oct. 7, 2024 -
Andrew Burton via Getty Images
BlackRock scores win in ex-employee’s suit alleging discrimination in pursuit of DEI, ESG
A federal judge found that the former equity trader failed to provide evidence he was fired for being a white, heterosexual male and not for violating the firm’s COVID-19 vaccination policy.
By Lamar Johnson • Oct. 4, 2024 -
Scott Olson via Getty Images
Anti-ESG proxy votes surge but they’re not passing
Shareholders submitted more than 100 anti-ESG proposals in the 2024 proxy season but none of those that made it to a vote received more than single-digit support.
By Robert Freedman • Oct. 4, 2024 -
Tinpixels via Getty Images
US corporate commitment to diversity in decline, McKinsey says
“Progress is surprisingly fragile, especially for women of color, who continue to be underrepresented at every level” of the corporate hierarchy, McKinsey said.
By Jim Tyson • Oct. 4, 2024
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