Corporate Governance: Page 4


  • The Wall Street sign in the Financial District of Lower Manhattan in New York City.
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    Deep Dive

    Why climate alliance memberships are no longer ‘en vogue’ for Wall Street

    Financial institutions have increasingly departed groups like the Net-Zero Banking Alliance and Climate Action 100+, but experts say banks are still committed to sustainability.

    By Jan. 30, 2025
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    ArtRachen01
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    Rockefeller grant strengthens push for nature-related disclosures

    The Rockefeller Foundation announced it will give the Taskforce on Nature-related Financial Disclosures $500,000 to scale its voluntary adoption efforts, as the organization rolls out additional sector guidelines.

    By Jan. 30, 2025
  • Protesters meet across a barrier line with differing signs.
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    Anna Moneymaker via Getty Images
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    1 in 8 companies say they plan to weaken DEI commitments in 2025

    More than half of managers said diversity, equity and inclusion initiatives were implemented primarily for public relations purposes, Resume.org found.

    By Carolyn Crist • Jan. 29, 2025
  • American Express logo on window
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    Scott Olson via Getty Images
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    American Express’ travel arm unveils emissions-based carbon pricing tool

    American Express Global Business Travel said its new tool will help business travelers calculate their carbon footprint and direct investments toward sustainability initiatives.

    By Jan. 28, 2025
  • The exterior of LinkedIn headquarters in San Francisco
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    Companies continue to pursue scope 3 reporting, despite regulatory and data collection challenges

    Mejuri and Kontoor Brands are working with supplier networks to improve transparency of scope 3 reporting, while LinkedIn is using an internal carbon fee as an oversight mechanism.

    By Suman Bhattacharyya • Jan. 27, 2025
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    While Trump’s anti-DEI executive orders pile up, JPMorgan Chase CEO doesn’t flinch

    In response to activists’ anti-DEI efforts against his company, the CEO said to “bring them on.”

    By Caroline Colvin • Jan. 27, 2025
  • Drone aerial view of Microsoft datacenters  along highway A7 in the province Noordholland near Wieringerwe.
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    Gerville via Getty Images
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    Deep Dive

    Tech industry works to meet AI’s energy demands as ESG use cases grow

    “I don't think we're going to ever capture the opportunities of AI if we don't think about it in a responsible way,” Cisco Chief Sustainability Officer Mary de Wysocki told ESG Dive.

    By Jan. 24, 2025
  • Pedestrians seen walking by the Northern Trust banking company's headquarters.
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    Scott Olson via Getty Images
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    Northern Trust AM exits Climate Action 100+, Net-Zero Asset Managers initiative

    The departure is the latest in Wall Street’s continued exodus from climate-focused alliances and groups as sector scrutiny heats up under the new Trump administration.

    By Jan. 24, 2025
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    Judge dismisses New York City’s lawsuit against Big Oil

    A state judge ruled that NYC had failed to demonstrate that ExxonMobil, Shell, BP and the American Petroleum Institute had deceived consumers about the climate impact of their fossil fuel products.

    By Jan. 23, 2025
  • A man walks into a BlackRock office building.
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    Andrew Burton via Getty Images
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    BlackRock and Tennessee reach settlement on ESG suit

    “We’re pleased to resolve this matter,” a BlackRock spokesperson told ESG Dive. The agreement dismisses the state’s 2023 lawsuit and does not find that the investment firm violated any laws.

    By Jan. 22, 2025
  • JLL's office in Pittsburgh, Pennsylvania.
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    JHVEPhoto via Getty Images
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    JLL establishes energy advisory and sustainability practice

    The global real estate services company will now provide technical expertise on energy sourcing, efficiency and end-use optimization across the company’s business lines.

    By Joe Burns • Jan. 22, 2025
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    Opinion

    The dual mandate: how CSOs and CFOs are tackling the regulatory and digital evolution in 2025

    In the year ahead, chief sustainability officers and chief financial officers must combine digital sustainability leadership with financial discipline to thrive in a new low-carbon economy.

    By Mandi McReynolds and Jill Klindt • Jan. 16, 2025
  • A silhouette of a Black man is visible, in a dark location lit up by an Apple
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    ‘Inappropriate’ micromanaging: Apple pushes back on anti-DEI proposal

    In a proxy filing ahead of the annual 2025 shareholders meeting, a conservative think tank asked Apple to cut back on DEI.

    By Caroline Colvin • Jan. 16, 2025
  • An American Airlines Boeing 737 Max 8 taxiing at the airport.
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    Joe Raedle via Getty Images
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    Federal judge rules against American Airlines in 401(k) ESG lawsuit

    A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say “the bar is being set really low for what's a violation.”

    By Jan. 15, 2025
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    Supreme Court denies Big Oil’s bid to toss Honolulu climate case

    Justices denied petitions put forward by Sunoco LP and Shell that asked for a review of a Hawaii State Supreme Court decision that allowed Honolulu’s climate lawsuit to continue.

    By Jan. 15, 2025
  • Amazon CEO Andy Jassy
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    Noah Berger/Getty Images for Amazon Web Services via Getty Images
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    Amazon to focus on inclusion, internal DEI memo indicates

    The changes outlined in the memo are vague, but Amazon has taken its previously strong commitments to Black and LGBTQ+ people off of its policy page.

    By Caroline Colvin • Jan. 15, 2025
  • Flags fly at full staff outside the NYSE with the Wall ST sign in the foreground
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    NZAM suspends all activities after BlackRock’s exit

    The United Nations-backed Net-Zero Asset Managers initiative has pulled its signatories page and won’t assess their commitments while it undergoes a review.

    By Jan. 14, 2025
  • Barclays signage is shown.
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    Barclays’ head of sustainability steps down as sector scrutiny heats up

    Barclays’ Group Head of Sustainability Laura Barlow will leave her leadership role but continue at the bank as a senior adviser, a bank spokesperson told ESG Dive.

    By Jan. 14, 2025
  • Meta's logo outside of the company's headquarters
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    Meta joins chorus of DEI rollbacks, cutting roles and programs

    The tech and social media giant ended a number of diversity, equity and inclusion initiatives last week, including its supplier diversity program.

    By Jan. 13, 2025
  • A closeup of a pattern Shein is using to print on jeans.
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    Courtesy of Shein
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    Shein unveils denim printing process designed to reduce water, energy use

    The fast fashion giant said the number of products it created using the technology increased by 90% last year.

    By Laurel Deppen • Jan. 13, 2025
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    ESG tops in-house counsel litigation concerns

    Organizations bringing lawsuits are finding more ways to tie company actions to impacts, a report finds.

    By Robert Freedman • Jan. 13, 2025
  • Flags fly above the entrance of the BlackRock offices.
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    Andrew Burton via Getty Images
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    BlackRock leaves NZAM as Wall Street runs from climate groups

    The nation’s largest investment manager is leaving the Net Zero Asset Managers initiative, joining a broader financial institution exodus from high-profile climate alliances.

    By Updated Jan. 10, 2025
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    Treasury finalizes guidance for IRA’s tech neutral, clean electricity tax credits

    They’re “the most important clean energy tax credits ever enacted,” said Brad Townsend, vice president of policy and outreach at the Center for Climate and Energy Solutions. 

    By Diana DiGangi • Jan. 10, 2025
  • An oil pumpjack is seen near a field of wind turbines
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    Deep Dive

    5 ESG trends sustainability professionals should monitor in 2025

    Upcoming leadership changes in the White House and Congress are expected to create a more adversarial stance on ESG and climate issues in 2025.

    By , Jan. 9, 2025
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    Shell shareholders file resolution asking oil giant for transparency on LNG strategy, climate goals

    The proposal calls out Shell’s plans to increase its sales of liquified natural gas and asks how the company justifies its growth strategy with its climate commitments.

    By Jan. 9, 2025