Corporate Governance: Page 7
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EU sustainability, supply chain simplification efforts face ‘split’ parliament, experts say
Efforts to simplify compliance “shouldn't compromise the protection of the people and the planet,” a policy adviser to a member of the European Parliament said at a conference.
By Lamar Johnson • March 17, 2025 -
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Women unlikely to reach parity with men for 134 years: JPMorgan
In C-suites worldwide, women are far from attaining equal status, holding only about 10% of the most powerful roles such as CEO and CFO.
By Jim Tyson • March 17, 2025 -
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US banks turn to SEC to dodge climate, social shareholder proposals
The agency has largely denied the requests, ruling that banks must put the requests to disclose its clean energy financing ratios and indigenous rights practices to a vote.
By Lamar Johnson • March 14, 2025 -
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EPA aims to roll back power sector regulations in broad deregulatory push
It would likely take several years — potentially into the next presidency — to revise at least some of the targeted regulations, according to analysts.
By Ethan Howland • March 14, 2025 -
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Lego ramps up sustainable investments, nearly tripling green spending over 2 years
The Denmark-based toy manufacturer said its green investments last year were nearly three times what it spent on the sector in 2022.
By Zoya Mirza • March 14, 2025 -
Courtesy of Walmart
Walmart says it’s unlikely to meet 2025 plastic, recycling targets
The largest U.S. retailer discussed challenges to increasing post-consumer recycled content adoption. More than two-thirds of its global private-brand packaging was recyclable, reusable or industrially compostable in 2023, according to a company update.
By Maria Rachal • March 13, 2025 -
Amazon, Google, Meta join pledge to help triple global nuclear capacity
“This is not the end; it is just the beginning,” the World Nuclear Association’s director general said of the 14 companies who committed to help expand nuclear capacity by 2050.
By Lamar Johnson • March 13, 2025 -
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EPA revisiting dozens of climate, environment rules in ‘day of deregulation’
The agency said it would roll back a range of rules and programs, including some that are foundational to its efforts to address climate change. A new “waters of the U.S.” definition is expected, as well as rollbacks to an emissions reporting program.
By Jacob Wallace • March 13, 2025 -
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Supreme Court won’t hear lawsuit on Democrat-led states’ climate litigation
The court declined to take up a suit that pitted 19 Republican-led states against five Democratic-led states that are pursuing lawsuits against major oil companies.
By Lamar Johnson • March 12, 2025 -
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Climate United Fund sues EPA, Citibank over frozen $7B
The lawsuit asks the U.S. District Court for the District of Columbia to order the funds be unfrozen and disbursed.
By Diana DiGangi • March 12, 2025 -
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21 House Republicans oppose cutting clean energy credits to pay for tax cuts
“Both our constituencies and the energy industry alike remain concerned about disruptive changes to our nation’s energy tax structure,” the letter led by Rep. Andrew Garbarino, R-N.Y., said.
By Lamar Johnson • March 11, 2025 -
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Microsoft buys 1.5M tonnes of carbon credits from Climate Impact Partners
The tech giant will purchase the credits over a 30-year period, as the carbon credit project developer plants millions of native trees in India.
By Lamar Johnson • March 10, 2025 -
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How are C-suites reacting to Trump’s DEI orders?
Most are in a holding pattern, a Littler survey showed — but certain initiatives may be on the chopping block.
By Kathryn Moody • March 10, 2025 -
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State Street ditches board diversity requirement, completes Big Three DEI retreat
The nation’s third-largest asset manager will no longer require company boards to feature a certain percentage of women, following similar changes by BlackRock and Vanguard.
By Lamar Johnson • March 6, 2025 -
Mario Tama / Staff via Getty Images
Paramount DEI initiative changes spark employee ire
While Paramount's co-CEOs cited the president's executive order in their decision, internal backlash highlights the line employers are trying to toe.
By Caroline Colvin • March 6, 2025 -
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OpinionNavigating sustainability standards: A hotelier’s guide for choosing the right green certification
Alina Arnelle, chief sustainability officer at BeCause, shares five strategies to help hotels identify green certifications with the most value.
By Alina Arnelle • March 6, 2025 -
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Mars pledges $27M to slash dairy emissions
The confectionery giant is partnering with New Zealand-based dairy co-operative Fonterra to fund more sustainable farming practices.
By Kelly Stroh • March 5, 2025 -
Anna Moneymaker via Getty Images
EPA $20B funding freeze leaves ‘green bank’ nonprofits unable to pay bills
The Climate United Fund, which received a $6.97 billion Greenhouse Gas Reduction Fund grant, will soon become unable to make payroll or disburse funding to its contracted borrowers, said a spokesperson.
By Diana DiGangi • March 4, 2025 -
Spencer Platt / Staff via Getty Images
BofA, Wells, Truist de-emphasize DEI in annual filings
In its paperwork, BofA now uses “opportunity” in place of diversity. Wells, meanwhile, scrapped its diverse-slate interview policy, along with mentions of its pay equity review.
By Caitlin Mullen • March 4, 2025 -
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BlackRock ends diversity goals, merges DEI team into ‘Talent and Culture’
The nation’s largest asset manager said it will not renew “aspirational workforce representation goals” which expired in 2024, in response to executive orders targeting DEI programs.
By Lamar Johnson • March 3, 2025 -
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Wells Fargo scraps net-zero target as banks recalibrate sustainability strategy
The bank is dropping its goal of achieving net-zero financed emissions across its portfolio by 2050, in addition to 2030 targets it set for sector-specific financed emissions.
By Zoya Mirza • March 3, 2025 -
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92% of CFOs plan to boost sustainability spending
A majority of companies expect to allocate more than 2% of revenue to sustainability initiatives this year.
By David McCann • March 3, 2025 -
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BP cuts renewable spending, doubles down on fossil fuels in strategy reset
The U.K.-based oil major said its investments in the clean energy transition business will now be “significantly lower” and range between $1.5 billion to $2 billion per year.
By Zoya Mirza • Feb. 28, 2025 -
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One of UK’s largest pension funds picks Amundi, Invesco to manage bulk of its portfolio
The People’s Pension credited the firms’ “commitment to responsible investment” for the move. State Street previously managed the fund’s entire portfolio.
By Lamar Johnson • Feb. 28, 2025 -
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Anti-ESG groups intensify activism early in 2025 proxy season
Opposition to corporate sustainability efforts has grown in recent years, culminating in an anti-ESG order by President Donald Trump last month.
By Jim Tyson • Feb. 28, 2025
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