The Latest
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Q&A
How Supplier.io’s collaboration with CDP boosts supply chain transparency
Supplier.io CEO Aylin Basom said clients were asking the supply chain diversity and ESG data company for additional insights, which led the company to pursue the partnership.
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ExxonMobil’s ongoing war on ESG
The oil major is forging ahead with legal action against shareholders who pushed for climate action, despite resistance from state funds and finance officials who have rallied against its suit.
Updated June 18, 2024 -
DEI success ultimately stems from strong CEO leadership, survey indicates
While acknowledging the increased pushback regarding DEI programs, Black executives noted the importance of sustaining their initiatives.
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Gap, H&M, others join initiative to decarbonize fashion supply chain
The Future Supply Initiative will provide brands with financing models and technical support to help their suppliers transition to low carbon technologies and solutions.
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BlackRock launches ‘transition aware’ funds overseas, as it shies away from ESG in US
The climate-focused funds will be listed in the European Union and will invest at least 80% of their assets in ESG-aligned activities.
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Hershey ramps up renewable energy sourcing to slash emissions
The chocolate manufacturer increased its procurement of electricity from green sources to 80% in 2023, up from 77% in 2022 — a rise it attributed to PPAs and clean energy credits.
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EV adoption falls to its lowest point since 2021: JD Power
Meanwhile, electric vehicles are more available than they’ve ever been.
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Witnesses combat House panel report of ‘collusion’ on decarbonization
A day after the Judiciary Committee’s report, witnesses from Ceres, Arjuna Capital and CalPERS disputed claims alleging their work constitutes antitrust violations.
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Microsoft leans on forest management for carbon removal credits
The tech giant will purchase over 970,000 nature-based carbon removal credits derived from Anew Climate’s expansive portfolio of afforestation projects across the U.S.
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NextEra Energy Resources, Entergy strike 4.5 GW solar and storage development deal
The five-year agreement will allow Entergy to access NextEra Energy’s supply chain and its development expertise to expand Entergy’s renewable energy portfolio.
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California goes after Big Oil’s ‘illegal’ profits over alleged greenwashing
ExxonMobil, Shell, Chevron, ConocoPhillips, BP and the American Petroleum Institute may be required to surrender profits gained from false advertising, according to an amended complaint filed Monday.
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House Judiciary: Climate groups and activists ‘colluding’ on decarbonization
The interim report from the years-long probe accuses groups in the financial system of forming a “climate cartel” that “has declared war on the American way of life.”
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DEI backlash won’t halt workplace initiatives, most leaders say
Nearly all leaders said they believe DEI is important for its positive impact on recruiting, hiring and retention, a survey finds.
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House Oversight Committee probes IRS over ESG policies
Committee Chair James Comer asked IRS Commissioner Daniel Werfel to explain how the agency ensures state retirement plans invest for the “exclusive benefit” of enrollees.
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Vanguard says ExxonMobil made a ‘compelling case’ for its shareholder lawsuit
The nation’s second-largest asset manager supported Exxon CEO Darren Woods and its board of directors at the energy giant’s May 29 board meeting after concluding it displayed appropriate oversight.
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Sudaten
Drive for energy permitting reform fuels tensions between climate, environmental justice advocates
A simplified permitting process would speed the deployment of clean energy, but some EJ advocates are concerned about unintended consequences.
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SEC asks organizations to complete diversity self-assessment
The agency said it will use the voluntary disclosures from its regulated firms to identify any trends and progress on diversity-related activities.
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Congressional Dems urge SEC to stay committed to climate disclosure rule
A group of 38 lawmakers asked the agency to “vigorously defend” its now-stayed final rule in court and enforce previous climate-related guidance in the interim.
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SEC views more shareholder proposals as micromanagement efforts
After a 2021 change in no-action reviews caused a backlash among institutional investors, Securities and Exchange Commission staff appear to side more with companies against activist shareholders.
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Scope 3 reporting is increasing, but cultural gaps undermine companies’ confidence in results
Internal considerations, including ROI and buy-in from CFOs and others, may hinder investments in reporting tools, a Reuters survey found.
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$1.3B earmarked for EV charging network expansion in US
The Biden-Harris Administration aims to accelerate public and private investment in clean transportation with the historic grant funding.
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ESG conferences to keep on your radar for 2024
Upcoming events will cover sustainable finance, corporate strategy and governance, climate change, supply chain, social impact and more.
Updated June 7, 2024 -
The fashion industry’s ‘urgent need’ for sustainable practices
It is “incumbent” on the industry to “bring new solutions forward,” said experts and stakeholders at the United Nations Fashion and Lifestyle Network annual meeting.
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Senate panel worries climate change is pushing insurance markets to the brink
Witnesses and the committee’s chair drew parallels between the current home insurance market and conditions leading up to the 2007-08 recession.
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How climate change is hitting highways
Resilience is a key consideration for road builders amid a slew of new environmental conditions, said a Federal Highway Administration official at the recent NIBS conference in Washington, D.C.