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ExxonMobil CEO, board slate approved despite public opposition
Darren Woods and the oil major’s board of directors were re-elected at Wednesday’s annual board meeting, despite several shareholders protesting Exxon’s suit against its investors.
By Lamar Johnson • May 29, 2024 -
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Scope 3 emissions reporting is a ‘when,’ not an ‘if’ for companies: Bayer, Zycus execs
ESG experts from the pharmaceutical company and procurement software provider made the case for reporting on scope 3 emissions early during a panel discussion.
By Suman Bhattacharyya • May 28, 2024 -
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Opinion3 ESG lessons CFOs can learn from SOX compliance
ESG reporting may be a relatively new challenge but there is nothing new about C-suite leaders facing “perfect storm” reporting requirements, Wolters Kluwer's Alessio Lolli writes.
By Alessio Lolli • May 28, 2024 -
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Delta’s 2023 emissions exceeded pre-pandemic levels as air travel bounced back: report
While the airline’s overall emissions topped its 2019 baseline, its scope 1 and 2 emissions remain below pre-pandemic levels.
By Lamar Johnson • May 22, 2024 -
Courtesy of BCG
Q&AHow companies should approach compliance under multiple climate reporting regulations: BCG
Companies may need to reorganize as climate disclosure mandates take shape, says Tim Mohin, a partner and director at Boston Consulting Group.
By Suman Bhattacharyya • May 20, 2024 -
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Q&ARegulations could improve ESG in fashion, but Worldly exec says it’s not enough
James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.
By Laurel Deppen • May 16, 2024 -
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Congressional Democrats urge SEC to finalize ‘critical’ ESG greenwashing rule
The lawmakers said the rule will address misleading information about sustainable funds “and other exaggerated or unfounded ESG-related claims amongst funds and investment advisers.”
By Lamar Johnson • May 15, 2024 -
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Global banks have spent $6.9 trillion on fossil fuels since 2016: report
U.S. banks accounted for 30% of the $705 billion private global banks spent on fossil fuel financing in 2023, per the Banking on Climate Chaos report.
By Lamar Johnson • May 14, 2024 -
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California Gov. Newsom says climate bills are ‘funded’ in his revised state budget
The governor’s original budget proposal for 2024-2025 left out funding needed to implement climate disclosure bills SB 253 and SB 261 — an omission met with much criticism.
By Zoya Mirza • May 14, 2024 -
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Challenge to SEC’s enhanced proxy reporting rule dismissed by appeals court
The Fifth Circuit Court of Appeals said the lawsuit put forward by four Republican-led states lacked standing and failed to provide evidence of alleged increased compliance costs.
By Lamar Johnson • May 13, 2024 -
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Climate risks ‘highly uncertain and challenging to measure,’ banks tell Fed
In the climate scenario exercise, the nation’s six biggest banks found data gaps in real estate exposure, insurance, debtors’ transition risk management and infrastructure, the Fed said.
By Caitlin Mullen • May 10, 2024 -
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OpinionThere are 3 fundamental problems with scope 2 emissions accounting. Here’s how to fix them.
Society cannot afford actions and expenditures to support claims of progress while not accomplishing real-world emission reductions.
By Neil Fisher, Roger Ballentine and Armond Cohen • May 8, 2024 -
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More companies are tying ESG metrics to executive compensation: WTW
Despite political blowback in the U.S., companies are increasingly incorporating ESG metrics into performance measures and incentive plans, according to the insurance services provider.
By Suman Bhattacharyya • May 8, 2024 -
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81% of companies not covered by CSRD still plan to comply: Workiva
Workiva’s global vice president of ESG said the EU’s Corporate Sustainability Reporting Directive is becoming the “gold standard,” with or without the SEC’s climate rule.
By Lamar Johnson • May 7, 2024 -
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EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply
Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.
By Zoya Mirza • May 2, 2024 -
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EY acquires Denkstatt to boost sustainability consulting services
The two consulting firms will collaborate to provide clients ESG-relevant services such as emissions reporting, circular economy strategies and sustainability assessments.
By Zoya Mirza • May 1, 2024 -
Rodin Eckenroth via Getty Images
CalSTRS reports issues in calculating emissions of $336B portfolio
The California pension fund said it would delay disclosing its 2023 carbon footprint until 2025, citing significant data and calculation issues.
By Zoya Mirza • April 30, 2024 -
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Citi achieves $441B of its $1 trillion sustainable finance 2030 goal: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
By Lamar Johnson • April 30, 2024 -
Sean Gallup via Getty Images
Apple reports it’s halved emissions since 2015 for goal of carbon neutrality by 2030
The Cupertino, California-based tech giant also set new 2030 goals for clean energy and clean water last week.
By Lamar Johnson • April 22, 2024 -
Courtesy of Ford Motor Co.
Ford, GM, Honda collaborate on standardized scope 3 emissions reporting
A new supplier questionnaire can streamline how suppliers report on climate goals and consumption.
By S.L. Fuller • April 22, 2024 -
Wanan Yossingkum via Getty Images
Net-Zero Asset Owner Alliance’s updated target-setting to cover all private assets
The fourth edition of the protocols will also include guidance for members to set 2030 goals aligned with the Paris Agreement.
By Lamar Johnson • April 19, 2024 -
Drew Angerer via Getty Images
House GOP spearheads legislation to strike down SEC climate disclosure rule
The Financial Services Committee advanced a Congressional Review Act challenge to the rule by a 28-22 vote split along party lines.
By Lamar Johnson • April 18, 2024 -
Moeru Matsunoo via Getty Images
SBTi walks back carbon offset policy changes after staff backlash
The Science Based Targets initiative backtracked on expanding the use of environmental offsets in corporate scope 3 plans after staff called for its CEO’s resignation.
By Lamar Johnson • April 16, 2024 -
Joe Raedle / Staff via Getty Images
Capital One shareholders urged to approve scope 3 target-setting proposal
The New York State Common Retirement Fund said the targets are necessary to fully assess the bank’s climate risk exposure and mitigation strategies.
By Lamar Johnson • April 15, 2024 -
Courtesy of Henkel
Henkel to engage packaging suppliers in bid to lower scope 3 emissions
The German consumer goods company behind brands like Dial soaps and Soft Scrub cleaners says about a quarter of its value chain emissions are caused by packaging and raw materials. It’s targeting decreases by 2030.
By Maria Rachal • April 15, 2024
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