Corporate Governance: Page 5
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Massachusetts pension fund updates ESG proxy voting policies
The updates include additional information on how the state pension fund will vote on the “most important and scrutinized corporate governance topics among institutional investors.”
By Lamar Johnson • March 12, 2024 -
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10 Republican-led states file lawsuit to block SEC’s climate disclosure rule
The challenge, led by West Virginia, was announced before the ink could dry on the agency’s final rule.
By Lamar Johnson • March 8, 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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Gender diversity on boards correlates with high credit quality: Moody’s
Investors seek greater gender and racial diversity on corporate boards, according to the Securities and Exchange Commission.
By Jim Tyson • March 8, 2024 -
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Conflicting views on SEC’s authority set the tone for climate disclosure rule vote
The newly-passed regulation faces criticism from supporters and detractors for not going far enough and going too far, respectively.
By Zoya Mirza , Lamar Johnson • March 7, 2024 -
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Meeting ESG requirements is ‘significantly more challenging,’ say executives: Workiva
The study found that companies are at various stages of preparedness, with new pressure on firms to refine data collection, reporting and verification systems.
By Suman Bhattacharyya • March 6, 2024 -
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Werner board member resigns over ESG disagreements
Vikram Mansharamani stepped down from his seat Feb. 27, according to his resignation letter.
By Colin Campbell • March 6, 2024 -
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SEC drops scope 3 from final climate rule, takes phased approach to scope 1 and 2 reporting
The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.
By Lamar Johnson • Updated March 6, 2024 -
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16 Republican AGs question BlackRock fund directors over ESG
The letter asks directors about BlackRock’s involvement with ESG groups and whether this causes conflicts of interest in its fiduciary duty to its shareholders.
By Zoya Mirza • March 5, 2024 -
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A primer on the SEC’s climate disclosure rule ahead of its vote
A look at the rule the agency proposed in 2022, what’s expected to change and what will be finalized at Wednesday’s vote.
By Lamar Johnson • March 5, 2024 -
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93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC
The spotlight on confusion from a jumble of ESG frameworks arrived just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.
By Jim Tyson • March 5, 2024 -
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Starbucks loses ground on emissions reduction, sets new 2030 sustainability goals
The coffee chain aims to slash its climate, water, and waste footprints by 50% by 2030, compared to a 2019 baseline.
By Zoya Mirza • March 4, 2024 -
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Mounting ESG scrutiny could affect revenues, reputation: BlackRock
Increasing domestic and international ESG regulations could increase compliance costs and uncertainty, the firm said in its annual SEC filing.
By Lamar Johnson • March 4, 2024 -
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West Virginia warns 6 banks they’re headed for restricted list over fossil fuel stances
BMO Bank, Citibank, Fifth Third Bank, Northern Trust, TD Bank and HSBC all received notices, according to West Virginia Public Broadcasting.
By Lamar Johnson • March 1, 2024 -
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American Airlines pushes back after failed dismissal of pilot’s anti-ESG lawsuit
The Texas-based airline said its pilot has provided no breach or loss to support his claims and asked the judge to rule solely on the merits of the case.
By Lamar Johnson • Feb. 29, 2024 -
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New York sues JBS over ‘misleading’ climate claims
The state's attorney general is accusing the world's largest meatpacker of exploiting consumers by falsely advertising its products as sustainable.
By Sarah Zimmerman • Feb. 29, 2024 -
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BSR puts spotlight on how companies engage on social issues with new guide
The guide seeks to “meet the very real demand by business practitioners for resources, tools … to adequately respond to stakeholder demand for action on social justice matters.”
By Zoya Mirza • Feb. 28, 2024 -
Courtesy of Mercedes-Benz AG
Mercedes-Benz delays EV goal amid slowing demand
Low-cost EV sales are growing faster than more expensive luxury models, a company executive said.
By Michael Brady • Feb. 28, 2024 -
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House GOP launches new probe into ESG investing
Oversight Committee Chair James Comer asked the Federal Reserve whether industry coalitions with ESG goals could constitute control of regulated companies.
By Lamar Johnson • Feb. 28, 2024 -
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Nokia commits to net-zero emissions by 2040, accelerating timeline by a decade
The telecom company also said it will fast-track its existing target of slashing scope 1, 2 and 3 emissions by half by 2030, compared to a 2019 baseline.
By Zoya Mirza • Feb. 27, 2024 -
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ExxonMobil forges ahead with lawsuit against ESG investors
“The true goal of Exxon's legal attack is preventing shareholders from voting on its greenhouse gas emissions,” said Follow This founder Mark van Baal.
By Lamar Johnson • Feb. 27, 2024 -
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Nasdaq board diversity rule challenge will be reheard en banc
The case will return to the 5th Circuit with the context of the 2023 Supreme Court ruling that struck down race-conscious admissions at colleges.
By Kathryn Moody • Feb. 27, 2024 -
Scott Olson / Staff via Getty Images
American Airlines must face pilot’s lawsuit over ESG investments
Federal Judge Reed O’Connor said the pilot has a plausible enough complaint to continue, despite not yet factually proving any harm.
By Lamar Johnson • Feb. 26, 2024 -
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Businesses face significant data collection hurdles while meeting ESG reporting requirements, KPMG says
In a survey across industries, KPMG found that nearly half of respondents were using spreadsheets to manage ESG data.
By Suman Bhattacharyya • Feb. 23, 2024 -
Kaarin Vembar/Sudaten
Walmart hits supplier emissions goal 6 years early
The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.
By Ben Unglesbee • Feb. 23, 2024 -
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OpinionA roadmap for corporate ESG reporting: eBay Chief Sustainability Officer
The e-commerce platform’s chief sustainability officer, Renee Morin, explains how company executives can navigate the changing landscape of sustainability and governance.
By Renee Morin • Feb. 22, 2024
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