Corporate Governance: Page 21
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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 Zoya Mirza • Jan. 31, 2024 -
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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 -
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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 Lamar Johnson • Jan. 30, 2024 -
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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 Zoya Mirza , Lamar Johnson • Jan. 30, 2024 -
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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 Zoya Mirza • Jan. 29, 2024 -
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OpinionEU 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 -
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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 Zoya Mirza • Jan. 26, 2024 -
Andreas Rentz via Getty Images
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 Lamar Johnson • Jan. 26, 2024 -
Caiaimage/Paul Bradbury via Getty Images
Deep Dive2024 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 Lamar Johnson • Jan. 25, 2024 -
David McNew via Getty Images
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 -
Moeru Matsunoo via Getty Images
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 -
Brandon Bell via Getty Images
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 Lamar Johnson • Jan. 22, 2024 -
Sean Gallup via Getty Images
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 Zoya Mirza • Jan. 22, 2024 -
Michael M. Santiago via Getty Images
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 Lamar Johnson • Jan. 22, 2024 -
Spencer Platt / Staff via Getty Images
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 -
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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 Lamar Johnson • Jan. 19, 2024 -
Kevin Dietsch via Getty Images
Deep DiveTo 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 Zoya Mirza • Jan. 18, 2024 -
Drew Angerer via Getty Images
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 Zoya Mirza • Jan. 17, 2024 -
Kaarin Vembar/ESG Dive
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 -
Anna Moneymaker via Getty Images
Deep Dive4 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 Lamar Johnson , Zoya Mirza • Jan. 10, 2024 -
Courtesy of Beyond Yoga
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 Zoya Mirza • Jan. 9, 2024 -
David McNew via Getty Images
SEC rules Disney, Apple can’t dodge AI shareholder proposals
The entertainment and tech conglomerates must vote on the AFL-CIO’s request for the companies to disclose their AI standards, setting the stage for more AI votes this proxy season.
By Lamar Johnson • Jan. 8, 2024 -
Kanizphoto
Companies show decline in wage growth, but increase in ESG concerns: survey
Companies also still expect to include ESG-related issues as a metric in their incentive plans, according to the latest research from Pearl Meyer.
By Laurel Kalser • Jan. 5, 2024 -
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ESG to factor strongly in 2024 executive pay plans despite pushback: WTW
Environmental, social and governance strategies are “here to stay,” consultants said. But U.S. company boards are also seeking a more tailored approach.
By Ryan Golden • Dec. 22, 2023 -
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Banks are excluded from EU’s human rights, due diligence regulation — for now
Despite opposition to leaving financial institutions out, the final draft of the Corporate Sustainability Due Diligence Directive only states the sector may need to comply at a later date.
By Lamar Johnson • Dec. 19, 2023
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