Corporate Governance: Page 15
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Ferrari shutters gas-fueled plant to slash carbon emissions
The Italian carmaker closed its Maranello trigeneration plant this week in a bid to reduce its methane gas consumption and pivot to cleaner energy sources.
By Zoya Mirza • Oct. 3, 2024 -
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Deep DiveHush-hush: Is greenwashing pushback prompting pivot to ‘greenhushing’?
Companies must focus on data and transparency to back their sustainability claims instead of resorting to silence, or exaggerations, said sources from groups such as the U.S. Plastics Pact, Glass Packaging Institute and McCormick & Co.
By Katie Pyzyk • Oct. 3, 2024 -
Courtesy of Shein
Shein faces greenwashing investigation in Italy
The Italian Competition Authority is accusing the fast fashion giant of posting misleading sustainability claims on its website.
By Laurel Deppen • Oct. 3, 2024 -
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California Gov. Newsom greenlights climate disclosure acts by signing new bill
Senate Bill 219 includes a series of amendments to climate bills SB 253 and SB 261, originally approved by Newsom last October, while retaining a 2026 start date.
By Zoya Mirza • Oct. 2, 2024 -
Lamar Johnson/ESG Dive
Dem AGs: ‘We were on the verge of losing this messaging battle’ on ESG
“We're pushing back because the Republicans are rewriting reality, trying to voice the false narrative on business … and we can’t stand for that,” California AG Rob Bonta said.
By Lamar Johnson • Oct. 2, 2024 -
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ESG and sustainability conferences to watch in 2025
Corporations will increasingly look for help in meeting ESG goals, while navigating the current U.S. political environment.
By Lamar Johnson , Zoya Mirza • Updated Jan. 16, 2025 -
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New program to help fashion brands navigate EU’s sustainability legislation
Nonprofit Fair Wear will launch the HRDD Academy to assist global garment and footwear brands meet the demands of the EU’s Corporate Sustainability Due Diligence Directive and other frameworks.
By Laurel Deppen • Oct. 1, 2024 -
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Morgan Stanley secures $750M for climate-focused private equity fund
The 1GT fund aims to collectively avoid or cut one gigaton of carbon dioxide equivalent emissions from the Earth’s atmosphere by 2050.
By Zoya Mirza • Sept. 30, 2024 -
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OpinionResults show carbon capture’s alleged promises are full of hot air
The happy-talk DOE press information says nothing about the difficulties associated with building a first-of-its kind technology and hooking it up to a large-scale electric generator.
By Dennis Wamsted • Sept. 30, 2024 -
Permission granted by Clifton Prescod for Dow Jones
Transparency on carbon credits’ quality is ‘critical’ for reducing corporate emissions, experts say
Verra CEO Mandy Rambharos said companies purchasing carbon credits should be able to understand where those credits come from and feel confident listing it as a decarbonization investment.
By Zoya Mirza • Sept. 27, 2024 -
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CEOs face hurdles in meeting net-zero targets due to decarbonization challenges: KPMG
CEOs pointed to the complexity of cutting supply chain emissions and implementing sustainable solutions as challenges affecting their net-zero target strategies.
By Suman Bhattacharyya • Sept. 26, 2024 -
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Deep DiveNo, not all companies are abandoning diversity, equity and inclusion. Here’s why.
Amid a high-profile backlash, many businesses are scrutinizing their policies. But the vast majority end up sticking with DEI, in part because it’s key to growth.
By Daphne Howland • Sept. 26, 2024 -
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Climate lawsuits against largest fossil fuel producers have almost tripled, report finds
Oil giants like ExxonMobil and Shell are increasingly facing lawsuits regarding their alleged culpability for climate change-related damages and engagement in misleading advertising.
By Lyle Moran • Sept. 25, 2024 -
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Most global banks unprepared for climate change risks: report
A majority of banks lack clear climate adoption strategies, a Climate X survey of 50 of the world's largest commercial banks found.
By Suman Bhattacharyya • Sept. 24, 2024 -
Courtesy of ExxonMobil
Lawsuits from California AG and others take aim at ExxonMobil’s chemical recycling claims
The oil giant is facing a pair of coordinated lawsuits that collectively allege deceptive marketing, concealment of harm, and violations of nuisance and unfair competition laws.
By Maria Rachal • Sept. 24, 2024 -
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State Street reduces support for E + S proposals, following other Big Three asset managers
State Street supported 6% of environmental and 7% of social proposals in the 2024 proxy season, confirming the nation’s largest asset managers all supported fewer such proposals than in 2023.
By Lamar Johnson • Sept. 23, 2024 -
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Q&AHow Lilly’s sustainability goals come face to face with massive growth
Eli Lilly’s head of ESG is maintaining a focus on sustainability even as the company’s expansion plans in weight loss drive a larger footprint and more social scrutiny.
By Michael Gibney • Sept. 23, 2024 -
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COP29COP29 president unveils climate action agenda with no mention of fossil fuel phase out
Though the agenda introduced a spate of environmental initiatives, it lacked any direct mentions of transitioning away from fossil fuels, a goal set during COP28.
By Zoya Mirza • Sept. 20, 2024 -
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JPMorgan creates role to oversee junior bankers’ ‘wellbeing’: memo
Ryland McClendon’s appointment comes amid a spike in concern over the workload and expectations of associates and analysts after a 35-year-old Bank of America banker died in May.
By Rajashree Chakravarty • Sept. 20, 2024 -
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House GOP passes pair of anti-ESG bills targeting ‘woke’ investment policies
House Republicans passed a pair of bills this week aimed at pension funds and the Securities and Exchange Commission that Rep. Juan Vargas, D-Calif., said are “going nowhere” in a Democrat-controlled Senate.
By Lamar Johnson • Sept. 20, 2024 -
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Under 25% of Vanguard’s 2024 proxy pilot participants chose ESG-centered policies
The program’s third-party ESG policy option was particularly popular with investors of one of the firm’s ESG funds, though just under a quarter of pilot participants picked the option overall.
By Lamar Johnson • Sept. 18, 2024 -
Real estate firm CBRE curbs scope 1, 2 emissions by 24% since 2019
Its scope 1 emissions rose almost 16% since 2022 due to increased mileage across its vehicle fleet, which it looks to fully electrify by 2035, according to CBRE’s 2023 corporate responsibility report.
By Joe Burns • Sept. 18, 2024 -
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Congressional Black Caucus’ DEI index offers accountability roadmap
The group laid out best practices for employers to hold themselves accountable after studying Fortune 500 companies’ DEI approaches.
By Caroline Colvin • Sept. 17, 2024 -
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SEC disbands its climate and ESG enforcement task force
The Securities and Exchange Commission said it will return its attention to greenwashing if it sees another spike in risk, an agency spokesperson told ESG Dive.
By Lamar Johnson • Sept. 13, 2024 -
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Big banks pressed to stop financing livestock production over climate concerns
An open letter singles out JPMorgan Chase, Bank of America and other institutions for their support of food giants like JBS, saying lending activities undermine the sector’s environmental commitments.
By Sarah Zimmerman • Sept. 13, 2024
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