Corporate Governance: Page 2


  • Merger and acquisition business concept, join company on puzzle pieces, 3d rendering
    Image attribution tooltip
    nespix via Getty Images
    Image attribution tooltip

    ESG to be a ‘major’ M&A driver in 2024: Norton Rose Fulbright

    The vice president of a U.S. corporation warned in the report that companies will cancel acquisition deals if “critical ESG information is not provided or unavailable.”

    By Feb. 7, 2024
  • ExxonMobil
    Image attribution tooltip
    David McNew via Getty Images
    Image attribution tooltip

    Arjuna Capital, Follow This pull Exxon climate proposal after lawsuit

    Natasha Lamb, Arjuna Capital’s chief investment officer, warned the lawsuit will silence investors concerned about climate risks.

    By Feb. 5, 2024
  • Visual displaying components of ESG. Explore the Trendline
    Image attribution tooltip
    TarikVision via Getty Images
    Image attribution tooltip
    Trendline

    Top 5 stories from ESG Dive

    This year is shaping up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.

    By ESG Dive staff
  • Group of diverse people
    Image attribution tooltip
    courtneyk via Getty Images
    Image attribution tooltip

    Legal chiefs, diversity officers view DEI differently, survey finds

    “The lack of alignment in the C-suite could pose new challenges for organizations in communicating and acting on their IE&D-related positions and values,” the Littler report said.

    By Lyle Moran • Feb. 2, 2024
  • A wave sculpture created of plastic bottles
    Image attribution tooltip
    Toby Smith via Getty Images
    Image attribution tooltip

    Global standard-setter proposes ethics guidelines to curb greenwashing risks

    The International Ethics Standards Board for Accountants prepared a pair of ethics standards to help sustainability experts foster trust.

    By Jan. 31, 2024
  • IKEA logo is displayed outside a store.
    Image attribution tooltip
    Naomi Baker via Getty Images
    Image attribution tooltip

    Ikea makes strides in reducing carbon footprint, attributes progress to clean energy initiatives

    The home furnishings retailer said its greenhouse gas emissions declined by 11.5% from the previous year and it has updated its climate strategy to reach net-zero by 2050.

    By Jan. 31, 2024
  • Smoke from Canadian wildfires creates hazy conditions over NYC
    Image attribution tooltip
    David Dee Delgado via Getty Images
    Image attribution tooltip

    Extreme weather and climate regulations are 2024’s top supply chain risks: Everstream

    Wildfires, rains and droughts could cause shipping delays, while agricultural commodities might face shortages from weather and other factors, the analytics firm said.

    By Ben Unglesbee • Jan. 31, 2024
  • Farm workers are seen in an aerial shot harvesting zucchini
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    A dozen state GOP agriculture heads probe Net Zero Banking Alliance members’ climate targets

    None of the six banks — which include JPMorgan, Goldman Sachs and Citi — have published climate targets for the sector, according to their websites.

    By Jan. 30, 2024
  • Animated visualization of components of ESG.
    Image attribution tooltip
    useng via Getty Images
    Image attribution tooltip

    The ESG industry outlook on 2024: Climate disclosure rules, proxy voting and more

    The upcoming year will determine how national and international regulation, shareholder rights and proposal approvals, and scope 3 reporting influence the ESG landscape.

    By , Jan. 30, 2024
  • The Walgreens logo is displayed outside a store.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Walgreens reports spike in scope 3, points to business travel and downstream transportation

    The retail pharmacy chain said it had reduced its overall carbon footprint by almost 25% compared to a 2019 baseline, despite a surge in scope 3 emissions.

    By Jan. 29, 2024
  • EU CS3D
    Image attribution tooltip
    AlexLMX via Getty Images
    Image attribution tooltip
    Opinion

    EU ESG due diligence directive set to take effect

    Final approval of the regulatory action is expected to happen soon. When it does, U.S. companies doing $300M in EU business must show they're meeting environmental and social goals. 

    By Neil D’Souza • Jan. 29, 2024
  • The HSBC logo is seen outside a bank branch.
    Image attribution tooltip
    Matt Cardy via Getty Images
    Image attribution tooltip

    HSBC launches first net-zero transition plan in a move to slash emissions

    The bank’s plan to meet climate objectives comes against a backdrop of financial institutions facing pressure to address climate risk and sever ties with the fossil fuel industry.

    By Jan. 26, 2024
  • People walk past illuminated effigies of animals
    Image attribution tooltip
    Andreas Rentz via Getty Images
    Image attribution tooltip

    Global Reporting Initiative updates biodiversity reporting standards

    The standard for the first time includes increased transparency on impacts through the supply chain, as biodiversity loss is affecting every region of the world.

    By Jan. 26, 2024
  • Business people having meeting in conference room, sitting with laptops and discussing
    Image attribution tooltip
    Caiaimage/Paul Bradbury via Getty Images
    Image attribution tooltip
    Deep Dive

    2024 proxy outlook: What’s driving the ESG proposal approval dip?

    Major asset managers and a spate of anti-ESG proposals helped push approval rates down, yet even more ESG proposals are expected after a record 2023.

    By Jan. 25, 2024
  • Image attribution tooltip
    David McNew via Getty Images
    Image attribution tooltip

    76% of companies link pay to ESG performance in rising trend: WTW

    The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.

    By Jim Tyson • Jan. 25, 2024
  • View of trees.
    Image attribution tooltip
    Moeru Matsunoo via Getty Images
    Image attribution tooltip

    Crown, IP, Smurfit Kappa among ‘early adopters’ for nature-related financial disclosures

    As biodiversity loss becomes more of a concern in sustainability reporting, multiple packaging companies have agreed to align reporting with recommendations from the Taskforce on Nature-related Financial Disclosures.

    By Maria Rachal • Jan. 23, 2024
  • Prices are displayed at an ExxonMobil gas station
    Image attribution tooltip
    Brandon Bell via Getty Images
    Image attribution tooltip

    ExxonMobil sues ESG investors to block climate proposals

    The natural gas giant alleges shareholder proposals from Arjuna Capital and Follow This are a violation of federal securities laws and “driven by an extreme agenda.”

    By Jan. 22, 2024
  • Larry Fink, CEO of BlackRock, speaks at a roundtable discussion.
    Image attribution tooltip
    Sean Gallup via Getty Images
    Image attribution tooltip

    BlackRock eases on ESG messaging amid increased scrutiny

    The asset manager’s investment stewardship and Q4 earnings report signal a pivot on BlackRock’s language on climate change and corporate sustainability initiatives.

    By Jan. 22, 2024
  • Capitol building dome with U.S. flag
    Image attribution tooltip
    Michael M. Santiago via Getty Images
    Image attribution tooltip

    New Hampshire bill would make use of ESG in investments a felony

    The bill would punish “knowingly” using ESG factors in investment decisions with at least a year in prison.

    By Jan. 22, 2024
  • DEI
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    Turning DEI policies into aspirations unlikely to stem bias lawsuits

    Companies face challenges from conservative anti-bias groups even after replacing explicit diversity, equity and inclusion goals with more broadly characterized aims.

    By Robert Freedman • Jan. 22, 2024
  • Rep. Bill Huizenga speaks with glasses and a pen in one hand.
    Image attribution tooltip
    Kevin Dietsch via Getty Images
    Image attribution tooltip

    House GOP says SEC is overstepping authority, cannot demand climate disclosures

    Expert witnesses for the Financial Services Subcommittee differed in legal interpretations of the agency’s power to issue the rule.

    By Jan. 19, 2024
  • SEC Chairman Gary Gensler takes part in a meeting.
    Image attribution tooltip
    Kevin Dietsch via Getty Images
    Image attribution tooltip
    Deep Dive

    To keep or not to keep: The fate of scope 3 emissions in SEC’s climate disclosure rule

    Given all of the pushback the agency has received over its proposed rule, particularly scope 3 reporting requirements, experts are uncertain if scope 3 will make the final cut.

    By Jan. 18, 2024
  • Vivek Ramaswamy speaks at a conference.
    Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip

    Anti-ESG crusader Vivek Ramaswamy drops out of 2024 presidential race

    The political newcomer ended his GOP White House bid after finishing fourth place in the Iowa caucuses and endorsed former President Donald Trump shortly after.

    By Jan. 17, 2024
  • Walmart storefront.
    Image attribution tooltip
    Kaarin Vembar/ESG Dive
    Image attribution tooltip

    Walmart to pay $60K over claim it did not promote woman with young children

    The retailer promoted an employee who did not have young children, amounting to sex discrimination, the EEOC alleged.

    By Ryan Golden • Jan. 17, 2024
  • Activists participate in an Earth Day march with a sign that says "End the Era of Fossil Fuels"
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip
    Deep Dive

    4 ESG trends that set the tone for 2024

    It’s shaping up to be a big year for ESG with a packed SEC agenda, fights over corporate DEI efforts and shareholder rights and a focus on financing the net zero transition.

    By , Jan. 10, 2024
  • The interior of Beyond Yoga's Century City store.
    Image attribution tooltip
    Courtesy of Beyond Yoga
    Image attribution tooltip

    DOL: Beyond Yoga contractors to pay over $1M in wages, damages to garment workers

    The U.S. Department of Labor’s settlement for 165 Los Angeles-based workers is the largest one to date for garment workers in the Golden State.

    By Jan. 9, 2024