Corporate Governance: Page 2

  • The Toyota logo is displayed outside a Toyota Motor Corp. dealership.
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    Tomohiro Ohsumi via Getty Images
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    Toyota clinches $150M for new climate-focused fund

    The fund will build on the car manufacturer’s inaugural 2021 climate fund, which has backed climate tech startups and carbon capture and storage companies.

    By • April 15, 2024
  • Vehicles pass the Phillips 66 Los Angeles Refinery Wilmington Plant
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    Mario Tama via Getty Images
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    Insurers falling short on climate commitments: ShareAction

    Most insurers surveyed had few or no restrictions on conventional oil and gas in both their underwriting and investment activities.

    By Suman Bhattacharyya • April 12, 2024
  • Solar panels are laid out on the roof of a factory. Explore the Trendline➔
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    Creative via Getty Images
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    Trendline

    Merging of ESG standards and frameworks eases reporting struggles for companies

    Corporations navigating the ESG landscape have reported a lack of clarity on what data to report and to whom. An acceleration in the amalgamation of frameworks and standards seeks to solve this problem.

    By ESG Dive staff
  • House Financial Committee Chair Patrick McHenry
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    Kevin Dietsch via Getty Images
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    House GOP begins congressional challenge to SEC climate disclosure rule

    House Financial Services Committee Chair Patrick McHenry said the agency’s voluntary pause is “not enough.”

    By • April 11, 2024
  • A pile of textile scraps strewn on the ground.
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    Andrii Kozlytskyi via Getty Images
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    Majority of fashion brands won’t meet their emissions goals: report

    About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.

    By Lauren Schenkman • April 11, 2024
  • JPMorgan Chase CEO Jamie Dimon
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    Win McNamee / Staff via Getty Images
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    Dimon blasts regulation, proxy advisers in annual letter

    The JPMorgan Chase CEO also gave prominent space to AI, touting its potential impact in software engineering, customer service and operations, “as well as in general employee productivity."

    By Caitlin Mullen • April 9, 2024
  • Oil rigs extract oil at sunrise.
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    David McNew via Getty Images
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    80% of CO2 emissions following Paris Agreement linked to 57 companies: report

    Most of the surveyed companies increased their fossil fuel production in the seven years following the climate accord, according to the Carbon Majors study.

    By • April 8, 2024
  • RBC
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    Matt Cardy via Getty Images
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    RBC joins Citi, JPMorgan in disclosing green financing ratios

    New York City Comptroller Brad Lander announced this week that the shareholder proposals put forward by the city’s retirement system have been pulled at all three banks.

    By • April 5, 2024
  • gary gensler
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    Brendan Smialowski via Getty Images
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    SEC stays climate-risk disclosure rule as it works through legal challenges

    The agency maintains that the regulation is within the agency’s authority and said it “will continue vigorously defending the Final Rules’ validity in court.”

    By • April 4, 2024
  • Attendees gather for a panel event.
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    Zoya Mirza/ESG Dive
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    Regulation compliance and curbing emissions were key themes at Responsible Business USA 2024

    Panel discussions centered on decarbonizing supply chains, navigating a complex political climate, preparing emissions disclosures and more.

    By • April 3, 2024
  • Rear view of a manager discussing stock with an employee at a supply chain warehouse.
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    alvarez via Getty Images
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    Understanding a company’s business is ‘critical’ for its decarbonization strategy, sustainability leaders say

    Executives at Responsible Business USA said cross-collaboration between leaders, teams and different regions of a company is essential for meeting sustainability goals.

    By • April 2, 2024
  • Outside shot of Citigroup HQ with a sign with the Citi logo in the shot
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    Mario Tama via Getty Images
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    Citi says 71% of energy clients lack substantive transition plan or ‘ability to execute’

    The bank made the disclosure in its latest climate report in response to a proposal that had been put forward by shareholder advocacy group As You Sow.

    By • April 1, 2024
  • People pass by a Verizon store.
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    Scott Olson via Getty Images
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    Verizon joins RE100 climate initiative, builds on 2030 renewables goal

    The network provider previously said it aims to source or generate 100% renewable energy by the end of the decade.

    By • March 29, 2024
  • SEC Chair Gary Gensler testifies before Congress
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    Win McNamee via Getty Images
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    SEC asks 8th Circuit not to pause climate rule pending challenges

    The agency said Liberty Energy and Nomad Proppant Services have “identified no imminent harm” that would justify halting the rule’s implementation.

    By • March 29, 2024
  • Nissan President and Chief Executive Officer Makoto Uchida.
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    Courtesy of Nissan Motor Co. Ltd
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    Nissan’s new EV plan aims for significant cost reduction

    ‘The Arc’ plan includes launching new EVs, manufacturing improvements and the adoption of new technologies to boost global sales.

    By Eric Walz , Michael Brady • March 29, 2024
  • A clinical pharmacist prepares to administer a COVID-19 Vaccine.
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    Chris Jackson via Getty Images
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    Patients and social initiatives focus of sustainability strategy: AstraZeneca and Lilly

    Improving health outcomes requires better treatment, but “it also means [having] a healthy planet, which is integral to having a healthy body,” AstraZeneca’s CFO said at Responsible Business USA.

    By • March 28, 2024
  • SEC headquarters
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    "U.S. Securities and Exchange Commission headquarters" by AgnosticPreachersKid is licensed under CC BY 3.0
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    Opinion

    The SEC makes the call: Climate risk equals financial risk

    When the SEC’s climate disclosure rule is paired with other climate reporting directives, the shift within the financial landscape will be monumental.

    By Bob Hinkle • March 27, 2024
  • Jim Jordan, Chairman of the House Judiciary Committee, strikes the gavel to start a hearing.
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    Drew Angerer via Getty Images
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    House Judiciary subpoenas As You Sow CEO, expands antitrust probe

    The Republican-led committee has summoned Andrew Behar, head of the shareholder advocacy group, for a deposition later this week as part of its ongoing ESG probe.

    By • March 26, 2024
  • A sign hangs on the BlackRock offices
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    Andrew Burton via Getty Images
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    Column

    ESG isn’t just BlackRock’s fight

    If it seems like banks are backing off of their sustainability efforts, comments from Barclays, TD and UBS may give added perspective.

    By Dan Ennis • March 25, 2024
  • Containers of Nestle hot chocolate mix are seen on a store shelf.
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    Justin Sullivan via Getty Images
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    Nestlé launches pair of initiatives to decarbonize cocoa supply chain

    The global food company said its new projects aim to reduce and remove over 500,000 metric tons of carbon over a 20-year period.

    By • March 22, 2024
  • a judges gavel rests on top of a desk
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    Joe Raedle via Getty Images
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    SEC to face all climate rule challenges in U.S. 8th Circuit Court of Appeals

    The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.

    By • March 22, 2024
  • The curved banner of a Walmart store, the brand name in white letters and the characteristic yellow sunburst logo to the right, against a blue sky.
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    Daphne Howland/ESG Dive
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    Flexing for the planet: How Walmart crushed its supplier emissions target

    The retail giant leaned on education, financing and recognition to get its supply chain on board with Project Gigaton, a sustainability executive with the company told Supply Chain Dive.

    By Ben Unglesbee • March 22, 2024
  • Rep. Bill Huizenga speaks with glasses and a pen in one hand.
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    Kevin Dietsch via Getty Images
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    House GOP continues to hammer SEC over climate rule

    The House Financial Services Committee questioned the agency’s authority to promulgate the climate disclosure regulation both in the chamber and on the road.

    By • March 21, 2024
  • Building and assembling a construction wind turbines farm by a crane
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    Olya Solodenko via Getty Images
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    Morningstar launches indexes on companies’ transition to low carbon economy

    The financial services firm believes the indexes offer “a very different way” for investors who want to target the climate transition, while “maintaining exposure to high carbon-intensive sectors.”

    By • March 20, 2024
  • SEC Chair sits with an even expression
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    Chip Somodevilla via Getty Images
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    Federal appeals court pauses SEC climate rule implementation

    The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit Court of Appeals, as the first of multiple challenges yields action.

    By • March 19, 2024
  • Solar project
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    Courtesy of The Rockefeller Foundation
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    Q&A

    Rockefeller Foundation’s new CFO: Climate crisis is a ‘big motivator’

    Keith Olson took the finance reins of the 111-year-old philanthropic powerhouse earlier this month. He is an alum of the Bill & Melinda Gates Foundation.

    By Maura Webber Sadovi • March 19, 2024