Corporate Governance: Page 16
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ClimeCo unveils certification program for sustainable products
The environmental services company’s new certification aims to help companies communicate their sustainability initiatives and consumers make informed purchasing decisions.
By Zoya Mirza • Sept. 12, 2024 -
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House Financial Services panel hearing probes proxy advisors’ ESG influence
Rep. Bill Huizenga, R-Mich., said advisors are becoming “de facto standard setters” for governance, while a witness compared them to consultants who help investors “sift through mountains of data.”
By Lamar Johnson • Sept. 12, 2024 -
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Patagonia joins sustainable packaging initiative aimed at protecting forests
The retailer is collaborating with environmental nonprofit Canopy to develop paper products using agricultural waste and non-forest fibers.
By Kelly Stroh • Sept. 12, 2024 -
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FERC greenlights BlackRock’s $12.5B purchase of Global Infrastructure Partners
The Federal Energy Regulatory Commission approved the transaction on the back of a blanket authorization it first granted the asset management firm in 2010.
By Lamar Johnson • Sept. 10, 2024 -
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Nasdaq partners with Crux to help companies access clean energy tax credits
The team-up will grant Nasdaq ESG Solution clients access to Crux’s platform of clean energy project developers and manufacturers to purchase transferable tax credits.
By Lamar Johnson • Sept. 9, 2024 -
Courtesy of Volvo
Volvo scales back its EV goals
In 2021, the automaker pledged to be fully electric by 2030. Now, the company is abandoning that goal, focusing instead on “electrified” models.
By Haley Cawthon • Sept. 9, 2024 -
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Morgan Stanley drops plastic pollution financing goal
A spokesperson for the bank told ESG Dive it would no longer have the standalone goal due to data availability and quality challenges as required climate disclosures near.
By Lamar Johnson • Sept. 6, 2024 -
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Where Climate Action 100+ stands after member exodus, GOP probes
The investor-led group has lost out on a few notable members this year amid heightened scrutiny surrounding ESG and climate initiatives.
By Zoya Mirza , Lamar Johnson • Updated Dec. 17, 2024 -
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Microsoft launches decarbonization team to slash supply chain emissions
The new three-member team will help Microsoft tackle scope 3 emissions generated by purchased goods and services and those produced by its cloud and artificial intelligence operations.
By Zoya Mirza • Sept. 5, 2024 -
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Coca-Cola must face greenwashing lawsuit: D.C. Appeals Court
The appeals court reversed a prior dismissal, ruling environmental nonprofit Earth Island Institute made plausible allegations the beverage company overstates its environmental efforts.
By Lamar Johnson • Sept. 4, 2024 -
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ESG controllers: The newest finance hires
Depending on the company’s structure, the specialized controllers often report to the corporate controller or the CFO, Deloitte’s Kristen Sullivan said.
By Maura Webber Sadovi • Sept. 4, 2024 -
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Vanguard supported zero E+S proposals in 2024: report
The lack of support for environmental and social proposals comes after the nation's second-largest asset manager supported just 2% in 2023.
By Lamar Johnson • Sept. 3, 2024 -
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Q&A5 keys to strong organizational sustainability governance: MorganFranklin Consulting
Andrew Rizkallah, who leads the firm's ESG advisory services, explained how to beef up key reporting processes or start from scratch.
By Lamar Johnson • Aug. 30, 2024 -
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Major oil and gas firms ramp up voluntary ESG reporting: EY
Regulatory and shareholder pressure is elevating sustainability reporting to a key priority on par with a firm’s financial and operational performance, an EY report suggests.
By Suman Bhattacharyya • Aug. 30, 2024 -
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‘New dynamics at play’: Jack Daniel’s maker ends DEI initiatives
Brown-Forman Corp. cited a shifting legal and external landscape for its decision, as one prominent anti-DEI activist claimed credit for putting pressure on the company.
By Ryan Golden • Aug. 29, 2024 -
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Deer Park water owner has microplastics greenwashing suit dismissed
Earlier this month, a federal judge ruled that the class-action complaint against BlueTriton was preempted by federal law, but the plaintiffs recently amended their complaint.
By Lamar Johnson • Aug. 27, 2024 -
Permission granted by Amcor
Global packaging giant Amcor releases decarbonization road map
Redesigning packaging to weigh less, use fewer materials and incorporate lower-carbon materials is part of the company’s efforts to reach SBTi-validated 2033 emissions reduction targets.
By Maria Rachal • Aug. 27, 2024 -
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ESG leadership increasingly leaning on in-house legal teams: report
As regulatory and litigation pressure weighs on companies, general counsels are taking a more active role in ESG strategies, per a recent survey conducted by Corporate Counsel and Morrison Foerster.
By Suman Bhattacharyya • Aug. 26, 2024 -
Michael M. Santiago via Getty Images
Uber taps former Tesla exec to oversee sustainability strategy, shift to EVs
Rebecca Tinucci, previously Tesla’s head of charging, will oversee the ride-share giant’s transition to becoming an emissions-free mobility platform by 2040.
By Zoya Mirza • Aug. 23, 2024 -
Maria Rachal/ESG Dive
Coca-Cola ‘on track’ for packaging recyclability goal, ‘behind plan’ on recycled content target
In an environmental update, the beverage giant reported that progress on reusable packaging formats and recyclability was stagnant in 2023 while its rate of recycled PET use ticked up.
By Maria Rachal • Aug. 23, 2024 -
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BlackRock’s support for E+S proposals whittles away in 2024 proxy season
The nation’s largest investment manager noted a rise in shareholder proposals focused on environmental and social matters and anti-ESG filings.
By Lamar Johnson • Aug. 22, 2024 -
Courtesy of Ford Motor Co.
Ford scraps electric SUV plans, delays next-generation truck
The automaker is taking a $400 million hit as it shifts its electrification strategy yet again.
By Haley Cawthon • Aug. 22, 2024 -
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How to build social activism into your governance structure
Companies don’t have to retreat from activism to avoid backlash if they align their values with their business in a way that makes sense, a law professor says.
By Robert Freedman • Aug. 21, 2024 -
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Friend or foe: Unpacking what the amicus briefs say about the SEC’s climate rule
Amicus briefs in the Securities and Exchange Commission’s ongoing lawsuit concerning its climate disclosure rule find institutional investors and businesses largely on opposite sides.
By Lamar Johnson • Aug. 20, 2024 -
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General Motors to lean on solar power for three assembly plants
The car manufacturer has signed a 15-year renewable power purchase agreement to support its operations at three assembly plants located in Michigan and Missouri.
By Zoya Mirza • Aug. 20, 2024
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