Corporate Governance: Page 18
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Elizabeth Lara via Getty Images
Oklahoma judge permanently blocks state’s anti-ESG law
The ruling extends a temporary injunction against the law issued in May, though Oklahoma Attorney General Gentner Drummond said he will bring an appeal to the state Supreme Court.
By Lamar Johnson • July 23, 2024 -
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Bias in hiring, performance evaluations can derail corporate DEI goals
The Conference Board’s “Bias Interrupters” framework offers a way to foster inclusion and control for legal risk.
By Carolyn Crist • July 23, 2024 -
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Sustainability reporting, ESG management roles on the rise: Deloitte
The accounting firm’s survey of 300 executives at public companies pointed to an increase in sustainability oversight as disclosure requirements mount.
By Zoya Mirza • July 22, 2024 -
Mario Tama/Getty Images via Getty Images
Vanguard clients ask new CEO to prioritize climate risk
Over 8,000 clients urged Salim Ramji to “steer Vanguard in a new direction” and prioritize climate risk as part of the firm’s risk management strategies.
By Lamar Johnson • July 19, 2024 -
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Reduced shareholder lawsuit risk doesn’t mean more ESG reporting: study
The lower risk of being sued means companies don’t need the social credibility that comes with the reports, a study finds.
By Robert Freedman • July 19, 2024 -
Mario Tama via Getty Images
Unilever, Nestlé join over 130 companies in call to reverse biodiversity loss ahead of COP16
A coalition of businesses across various industries are pressing world leaders to take action on an issue often overlooked by corporate sustainability plans.
By Sarah Zimmerman • July 19, 2024 -
Asanka Ratnayake via Getty Images
IHG unveils low carbon program, targets energy efficiency in hotels
The global hospitality company called the initiative an “industry first” and said it would help it “test, learn and share findings on sustainability measures.”
By Zoya Mirza • July 18, 2024 -
Joey Sirmons/ESG Dive
Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations
Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.
By Zoya Mirza , Lamar Johnson • July 16, 2024 -
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BlackRock updates climate stewardship policies, targeting $150B in funds
The policies will initially apply to 83 European investment funds with $150 billion in assets under management and prioritize sectors and companies “critical” to the clean energy transition.
By Lamar Johnson • July 15, 2024 -
Courtesy of Tractor Supply
Deep DiveTractor Supply retreats on DEI, climate after ‘anti-woke’ backlash. Now the real fallout begins.
The retailer's pullback of its corporate diversity and climate efforts could alienate some customers, employees and investors.
By Daphne Howland • July 15, 2024 -
Bill Pugliano via Getty Images
GM shareholders vote down 3 ethical supply chain proposals
Responding to the proposals, the automaker defended its existing practices for supplier agreements and operational policies.
By Kelly Stroh • July 15, 2024 -
David McNew via Getty Images
Amazon hits renewable energy goal early, reduces carbon emissions
The e-commerce giant said it met a goal to match all of its electricity consumption with renewable energy seven years early and decreased overall emissions by 3% in 2023.
By Zoya Mirza • July 12, 2024 -
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Senators press Jamie Dimon on alleged climate turnabout
The lawmakers, including Sen. Elizabeth Warren, D-MA, demanded answers from the JPMorgan Chase CEO on the bank's environmental "commitments" and "aspirations."
By Gabrielle Saulsbery • July 12, 2024 -
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Sustainability is a key factor in improved financial performance: KPMG
Indicators like lower carbon dioxide emissions, land environmental impact reduction and business ethics policies are linked to increased gross profit margin, per a study of 2,617 companies.
By Suman Bhattacharyya • July 11, 2024 -
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Labor Department, challengers argue over ESG rule’s tiebreaker standard post-Chevron
A lawyer for the agency said he believes “the logic of the District Court's opinion would produce the same result” under the Loper Bright ruling.
By Lamar Johnson • Updated July 10, 2024 -
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Lego to mandate sustainability targets across supply chain
The Danish toy maker is turning to suppliers to help cut emissions from its indirect operations, primarily its supply chain, as they make up the majority of its carbon footprint.
By Zoya Mirza • July 9, 2024 -
Courtesy of Google
Google’s AI efforts slow sustainability gains
The company’s greenhouse gas emissions climbed 13% last year as compute intensity increased, according to its annual environmental report.
By Lindsey Wilkinson • July 9, 2024 -
Justin Sullivan via Getty Images
Google inks renewable power agreement with Engie
Google has signed five corporate power purchase agreements with Engie, which will provide over 118 megawatts of power to boost the tech giant’s operations in Belgium.
By Zoya Mirza • July 8, 2024 -
Jeff J Mitchell via Getty Images
Climate groups say carbon offsets undermine emission reduction targets
Over 80 organizations addressed global companies and governments Tuesday, saying a reliance on carbon credits will likely “slow down global emission reductions.”
By Zoya Mirza • July 3, 2024 -
Dan Kitwood via Getty Images
Consumers want ethical sourcing, labeling on manmade fibers: report
Nearly three quarters of survey respondents think materials such as viscose and lyocell should come from sustainable forests.
By Lara Ewen • July 3, 2024 -
Chip Somodevilla via Getty Images
Fidelity updates sustainable investing framework against regulatory backdrop
Fidelity’s international arm said its revised framework aims to “ensure ongoing alignment with transparency and disclosure requirements.”
By Zoya Mirza • July 2, 2024 -
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Shareholders rejecting both ESG and anti-ESG proposals
Only three of almost 1,000 proposals were supported by shareholders so far in the 2024 proxy season.
By Robert Freedman • July 2, 2024 -
Justin Sullivan via Getty Images
Wendy’s inks deal with solar company to cut restaurant emissions
The collaboration with Ampion Renewable Energy will help provide renewable electricity to local utility grids and decrease restaurants’ reliance on fossil fuels.
By Zoya Mirza • June 27, 2024 -
Omer Messinger via Getty Images
Zara owner pledges to stop using endangered and ancient forests in paper packaging
The initiative builds on Inditex’s previous commitment to remove those materials from textiles.
By Laurel Deppen • June 27, 2024 -
Dean Mouhtaropoulos via Getty Images
ExxonMobil taps Air Liquide for low-carbon hydrogen project
The industrial gasses company will invest up to $850 million to build and operate four air separation units to boost the oil giant’s Texas hydrogen project.
By Zoya Mirza • June 26, 2024
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