Corporate Governance: Page 4
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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 -
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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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 -
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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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Verizon joins RE100 climate initiative, builds on 2030 renewables goal
The network provider previously said it aims to source or generate 100% renewable energy by the end of the decade.
By Zoya Mirza • March 29, 2024 -
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SEC asks 8th Circuit not to pause climate rule pending challenges
The agency said Liberty Energy and Nomad Proppant Services have “identified no imminent harm” that would justify halting the rule’s implementation.
By Lamar Johnson • March 29, 2024 -
Courtesy of Nissan Motor Co. Ltd
Nissan’s new EV plan aims for significant cost reduction
‘The Arc’ plan includes launching new EVs, manufacturing improvements and the adoption of new technologies to boost global sales.
By Eric Walz , Michael Brady • March 29, 2024 -
Chris Jackson via Getty Images
Patients and social initiatives focus of sustainability strategy: AstraZeneca and Lilly
Improving health outcomes requires better treatment, but “it also means [having] a healthy planet, which is integral to having a healthy body,” AstraZeneca’s CFO said at Responsible Business USA.
By Zoya Mirza • March 28, 2024 -
"U.S. Securities and Exchange Commission headquarters" by AgnosticPreachersKid is licensed under CC BY 3.0
OpinionThe SEC makes the call: Climate risk equals financial risk
When the SEC’s climate disclosure rule is paired with other climate reporting directives, the shift within the financial landscape will be monumental.
By Bob Hinkle • March 27, 2024 -
Drew Angerer via Getty Images
House Judiciary subpoenas As You Sow CEO, expands antitrust probe
The Republican-led committee has summoned Andrew Behar, head of the shareholder advocacy group, for a deposition later this week as part of its ongoing ESG probe.
By Zoya Mirza • March 26, 2024 -
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ColumnESG isn’t just BlackRock’s fight
If it seems like banks are backing off of their sustainability efforts, comments from Barclays, TD and UBS may give added perspective.
By Dan Ennis • March 25, 2024 -
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Nestlé launches pair of initiatives to decarbonize cocoa supply chain
The global food company said its new projects aim to reduce and remove over 500,000 metric tons of carbon over a 20-year period.
By Zoya Mirza • March 22, 2024 -
Joe Raedle via Getty Images
SEC to face all climate rule challenges in U.S. 8th Circuit Court of Appeals
The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.
By Lamar Johnson • March 22, 2024 -
Daphne Howland/Sudaten
Flexing for the planet: How Walmart crushed its supplier emissions target
The retail giant leaned on education, financing and recognition to get its supply chain on board with Project Gigaton, a sustainability executive with the company told Supply Chain Dive.
By Ben Unglesbee • March 22, 2024 -
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House GOP continues to hammer SEC over climate rule
The House Financial Services Committee questioned the agency’s authority to promulgate the climate disclosure regulation both in the chamber and on the road.
By Lamar Johnson • March 21, 2024 -
Olya Solodenko via Getty Images
Morningstar launches indexes on companies’ transition to low carbon economy
The financial services firm believes the indexes offer “a very different way” for investors who want to target the climate transition, while “maintaining exposure to high carbon-intensive sectors.”
By Lamar Johnson • March 20, 2024 -
Chip Somodevilla via Getty Images
Federal appeals court pauses SEC climate rule implementation
The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit Court of Appeals, as the first of multiple challenges yields action.
By Lamar Johnson • March 19, 2024 -
Courtesy of The Rockefeller Foundation
Q&ARockefeller Foundation’s new CFO: Climate crisis is a ‘big motivator’
Keith Olson took the finance reins of the 111-year-old philanthropic powerhouse earlier this month. He is an alum of the Bill & Melinda Gates Foundation.
By Maura Webber Sadovi • March 19, 2024 -
Jeff J Mitchell via Getty Images
Shell dilutes energy transition strategy, scraps 2035 decarbonization goal
Despite scaling back some of its targets, the oil major said its goal to attain net-zero status by 2050 “remains at the heart of [its] strategy.”
By Zoya Mirza • March 15, 2024 -
Caiaimage/Caiaimage/Robert Daly via Getty Images
Support for ESG proposals fell by a third since 2021 record: Report
“Politics clearly had a role to play and cast a chill on the top end of proposal voting,” according to Sustainable Investments Institute Executive Director Heidi Welsh.
By Lamar Johnson • March 15, 2024 -
Courtesy of General Motors
GM hires former Tesla exec as head of manufacturing and sustainability
Jens Peter Clausen led efforts to scale the production of EV propulsion systems at the electric automaker’s Gigafactory 1 in Nevada.
By Eric Walz • March 15, 2024 -
Mark Wilson via Getty Images
Target, Starbucks top racial and gender pay scorecard while Nike slides: report
The scorecard, the seventh annual from Arjuna Capital, surveyed over 128 companies across seven sectors.
By Zoya Mirza • March 14, 2024 -
Konoplytska via Getty Images
As You Sow stays the course with plastic reduction resolutions despite ESG headwinds
“I think this is a really difficult year for shareholder resolutions,” said Kelly McBee, circular economy manager at As You Sow. To date, its 2024 consumer packaging efforts target Altria, Amazon and others.
By Maria Rachal • March 14, 2024 -
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Determining if GHG is material to your company: KPMG’s ESG audit leader
Maura Hodge said companies will need to take a quantitative and qualitative approach to gauge whether to disclose scope 1 and scope 2 emissions.
By Lamar Johnson • March 13, 2024 -
Christopher Furlong via Getty Images
Unilever updates climate action plan, targets scope 3 emissions reduction
The consumer goods company said it plans to completely eliminate direct emissions and reduce indirect emissions by 42%, compared to a 2021 baseline, by the end of the decade.
By Zoya Mirza • March 12, 2024
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