Corporate Governance: Page 3


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    New York sues JBS over ‘misleading’ climate claims

    The state's attorney general is accusing the world's largest meatpacker of exploiting consumers by falsely advertising its products as sustainable.

    By Sarah Zimmerman • Feb. 29, 2024
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    BSR puts spotlight on how companies engage on social issues with new guide

    The guide seeks to “meet the very real demand by business practitioners for resources, tools … to adequately respond to stakeholder demand for action on social justice matters.”

    By Feb. 28, 2024
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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
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    Courtesy of Mercedes-Benz AG
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    Mercedes-Benz delays EV goal amid slowing demand

    Low-cost EV sales are growing faster than more expensive luxury models, a company executive said.

    By Michael Brady • Feb. 28, 2024
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    House GOP launches new probe into ESG investing

    Oversight Committee Chair James Comer asked the Federal Reserve whether industry coalitions with ESG goals could constitute control of regulated companies.

    By Feb. 28, 2024
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    David Ramos via Getty Images
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    Nokia commits to net-zero emissions by 2040, accelerating timeline by a decade

    The telecom company also said it will fast-track its existing target of slashing scope 1, 2 and 3 emissions by half by 2030, compared to a 2019 baseline.

    By Feb. 27, 2024
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    ExxonMobil forges ahead with lawsuit against ESG investors

    “The true goal of Exxon's legal attack is preventing shareholders from voting on its greenhouse gas emissions,” said Follow This founder Mark van Baal.

    By Feb. 27, 2024
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    Nasdaq board diversity rule challenge will be reheard en banc

    The case will return to the 5th Circuit with the context of the 2023 Supreme Court ruling that struck down race-conscious admissions at colleges.

    By Kathryn Moody • Feb. 27, 2024
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    American Airlines must face pilot’s lawsuit over ESG investments

    Federal Judge Reed O’Connor said the pilot has a plausible enough complaint to continue, despite not yet factually proving any harm.

    By Feb. 26, 2024
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    Businesses face significant data collection hurdles while meeting ESG reporting requirements, KPMG says

    In a survey across industries, KPMG found that nearly half of respondents were using spreadsheets to manage ESG data.

    By Suman Bhattacharyya • Feb. 23, 2024
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    Kaarin Vembar/ESG Dive
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    Walmart hits supplier emissions goal 6 years early

    The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.  

    By Ben Unglesbee • Feb. 23, 2024
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    Opinion

    A roadmap for corporate ESG reporting: eBay Chief Sustainability Officer

    The e-commerce platform’s chief sustainability officer, Renee Morin, explains how company executives can navigate the changing landscape of sustainability and governance. 

    By Renee Morin • Feb. 22, 2024
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    Tim Boyle/Getty Images via Getty Images
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    Chicago sues oil, gas companies to make them pay for ‘climate deception’

    The nation's third-largest city joins dozens of other municipalities and states that have filed similar lawsuits.

    By Ysabelle Kempe • Feb. 22, 2024
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    Verizon allocates $1B green bond proceeds to renewable energy projects

    The telecommunications provider’s investment builds on its goal to achieve net-zero emissions across its operations by 2035.

    By Feb. 21, 2024
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    Deep Dive

    Biodiversity emerges as an ESG priority in packaging, but measurement could be a challenge

    As international standards evolve, fiber-based packaging companies are in the spotlight. Smurfit Kappa, WestRock, the Sustainable Forestry Initiative and Canopy Planet weigh in on what the increased focus means for the industry.

    By April Reese • Feb. 21, 2024
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    Lamar Johnson/ESG Dive
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    Push for climate policy and adaptation lead concerns at GreenBiz24

    More than 2,500 sustainability professionals flocked to Phoenix for the GreenBiz24 conference to hear the industry’s latest insights.

    By Feb. 21, 2024
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    Exclusive: Carbon management platform Gravity Climate joins ESG Data Convergence Initiative

    “The world of private equity has a massive opportunity to influence so many different companies that don't necessarily receive direct pressure,” Gravity Climate’s CEO told ESG Dive.

    By Feb. 20, 2024
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    BlackRock expands voting choice program to individual investors

    The asset manager will now allow over 3 million additional investors to take control of their power in the proxy vote process.

    By Feb. 16, 2024
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    Companies struggle with decarbonization due to internal governance, data issues

    Most organizations are committed to decarbonization, but a siloed approach, bureaucracy and data challenges stand in the way of success, an Engie Impact report says.

    By Suman Bhattacharyya • Feb. 16, 2024
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    Justin Sullivan/Getty Images via Getty Images
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    Lululemon accused of greenwashing in anti-competition complaint

    Advocacy organization Stand.earth is asking the Competition Bureau Canada to investigate the athletic wear company’s conduct over environmental claims.

    By Laurel Deppen • Feb. 16, 2024
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    JPMorgan, State Street exit Climate Action 100+ coalition

    BlackRock also revised its membership after the coalition announced its “phase 2” requirements that signatories enhance their corporate disclosure and implement climate transition plans.

    By Feb. 15, 2024
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    Lamar Johnson/ESG Dive
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    GreenBiz24: US companies seek to understand EU CRSD impact

    While the process may be complex, it is important for companies to recognize they “are not starting from scratch,” Nado Saab, Mondelēz International’s director of ESG reporting told attendees.

    By Feb. 15, 2024
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    Lamar Johnson/ESG Dive
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    Sustainability experts called to ‘LEAD’ a push for climate policy at GreenBiz24

    Bill Weihl, former head of sustainability at Google and Facebook, said industry professionals need to urge their companies to advocate for additional green policies.

    By Feb. 13, 2024
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    The image by FirstEnergy is licensed under CC BY-ND 2.0
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    FirstEnergy increases 5-year spending plan 44%, to $26B, drops 2030 carbon goal

    The company abandoned its plan to cut carbon emissions 30% below 2019 levels by 2030 amid tightening power supplies in the PJM Interconnection, but it still intends to be net carbon neutral by 2050.

    By Ethan Howland • Feb. 13, 2024
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    Barclays ceases direct funding of new fossil fuel projects

    The London-based bank will also require all its portfolio energy companies to report their scoped emissions reductions targets and any expansion plans by Jan. 1, 2025.

    By Feb. 12, 2024
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    Cost cutbacks to go hand-in-hand with emissions reduction strategy: USPS

    The postal service said it plans to slash scope 1 and 2 emissions by 40% and scope 3 emissions by 20% by 2030, compared to a 2021 baseline.

    By Feb. 9, 2024