Corporate Governance: Page 3
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BlackRock shareholders urged to oppose Aramco CEO’s board re-appointment
The New York City Comptroller said Aramco and BlackRock’s prior business relationships compromise Amin Nasser’s ability to serve as an independent member of the board.
By Lamar Johnson • May 2, 2024 -
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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 -
Explore the Trendline➔
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TrendlineMerging 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 Sudaten staff -
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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 -
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Reformation reports spike in direct emissions, misses 2023 carbon intensity target
The apparel company known for pioneering sustainable practices said it aims to slash its scope 1 and 2 emissions by 42% by 2030, compared to a 2021 baseline.
By Zoya Mirza • April 25, 2024 -
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BofA, Goldman clean energy ratio proposals fail, despite some shareholder support
The resolutions failed to pass despite over a quarter of voters supporting them before each of the banks' boards.
By Lamar Johnson • April 25, 2024 -
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Shell investor to back climate resolution at oil giant’s annual meeting
The news comes shortly after Shell asked investors to reject the sustainability demands put forward by activist investor Follow This.
By Zoya Mirza • April 23, 2024 -
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General Mills plans to cut dairy emissions 40% by end of decade
The cereal giant is more than halfway to its goal of enrolling 1 million acres in its regenerative agriculture plan, according to the latest corporate sustainability report.
By Chris Casey • April 23, 2024 -
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Unilever to scale back ESG pledges focused on plastic usage and diversity
The company’s decision to dial down its sustainability strategy comes shortly after it unveiled ambitious plans to curb its carbon footprint last month.
By Zoya Mirza • April 22, 2024 -
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Nestlé rejects proposal to cut reliance on unhealthy products
The Swiss multinational said ShareAction was “targeting the wrong company” with its proposal as it was already making headwinds with its health and nutrition-related goals.
By Zoya Mirza • April 19, 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 -
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Formula 1 ‘on track’ to reach net-zero status by 2030 after emissions reduction: report
The international racing body said its carbon footprint decreased by 13% from 2018 to 2022.
By Zoya Mirza • April 18, 2024 -
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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 -
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Del Monte Foods reports GHG emissions reduction, sets net-zero goal for 2050
The food producer and distributor said it aims to achieve its sustainability goals by making changes to its own operations instead of purchasing carbon credits.
By Zoya Mirza • April 16, 2024 -
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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 -
Tomohiro Ohsumi via Getty Images
Toyota clinches $150M for new climate-focused fund
The fund will build on the car manufacturer’s inaugural 2021 climate fund, which has backed climate tech startups and carbon capture and storage companies.
By Zoya Mirza • April 15, 2024 -
Mario Tama via Getty Images
Insurers falling short on climate commitments: ShareAction
Most insurers surveyed had few or no restrictions on conventional oil and gas in both their underwriting and investment activities.
By Suman Bhattacharyya • April 12, 2024 -
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House GOP begins congressional challenge to SEC climate disclosure rule
House Financial Services Committee Chair Patrick McHenry said the agency’s voluntary pause is “not enough.”
By Lamar Johnson • April 11, 2024 -
Andrii Kozlytskyi via Getty Images
Majority of fashion brands won’t meet their emissions goals: report
About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.
By Lauren Schenkman • April 11, 2024 -
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Dimon blasts regulation, proxy advisers in annual letter
The JPMorgan Chase CEO also gave prominent space to AI, touting its potential impact in software engineering, customer service and operations, “as well as in general employee productivity."
By Caitlin Mullen • April 9, 2024 -
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80% of CO2 emissions following Paris Agreement linked to 57 companies: report
Most of the surveyed companies increased their fossil fuel production in the seven years following the climate accord, according to the Carbon Majors study.
By Zoya Mirza • April 8, 2024 -
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RBC joins Citi, JPMorgan in disclosing green financing ratios
New York City Comptroller Brad Lander announced this week that the shareholder proposals put forward by the city’s retirement system have been pulled at all three banks.
By Lamar Johnson • April 5, 2024 -
Brendan Smialowski via Getty Images
SEC stays climate-risk disclosure rule as it works through legal challenges
The agency maintains that the regulation is within the agency’s authority and said it “will continue vigorously defending the Final Rules’ validity in court.”
By Lamar Johnson • April 4, 2024 -
Zoya Mirza/Sudaten
Regulation compliance and curbing emissions were key themes at Responsible Business USA 2024
Panel discussions centered on decarbonizing supply chains, navigating a complex political climate, preparing emissions disclosures and more.
By Zoya Mirza • April 3, 2024 -
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Understanding a company’s business is ‘critical’ for its decarbonization strategy, sustainability leaders say
Executives at Responsible Business USA said cross-collaboration between leaders, teams and different regions of a company is essential for meeting sustainability goals.
By Zoya Mirza • April 2, 2024 -
Mario Tama via Getty Images
Citi says 71% of energy clients lack substantive transition plan or ‘ability to execute’
The bank made the disclosure in its latest climate report in response to a proposal that had been put forward by shareholder advocacy group As You Sow.
By Lamar Johnson • April 1, 2024
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