Social Responsibility

  • Nestlé's new Sustainably Sourced chocolate brand.
    Image attribution tooltip
    Courtesy of Nestlé
    Image attribution tooltip

    Nestlé introduces sustainably sourced chocolate brand

    The confectionery offering, which uses cocoa certified by the Rainforest Alliance, will be available in airports around the world.

    By Christopher Doering • June 25, 2024
  • funding contest open only to Black women is likely discriminatory, says 11th Circuit
    Image attribution tooltip
    gorodenkoff via Getty Images
    Image attribution tooltip

    11th Cir. deals another blow to corporate DEI programs

    The federal appellate court ruled 2-1 that a competition designed to award grants to businesses owned by Black women likely violates federal civil rights law.

    By David Weisenfeld • June 21, 2024
  • Visual displaying components of ESG. Explore the Trendline➔
    Image attribution tooltip
    TarikVision via Getty Images
    Image attribution tooltip
    Trendline

    Top 5 stories from Sudaten

    This year is shaping up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.

    By Sudaten staff
  • Light through the Pride flag turns the street many colors.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Morningstar index targets LGBTQ+ inclusive companies

    “As LGBTQ+ identities become more ubiquitous, inclusive investing will continue to develop,” the firm said in an accompanying paper.

    By • June 21, 2024
  • A container ship sits docked at the Port of Oakland on June 07, 2023.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip
    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.

    By • June 17, 2024
  • The hands of a person of color can be seen typing on a laptop.
    Image attribution tooltip

    Christina Morillo | Pexels

    Image attribution tooltip

    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.

    By Carolyn Crist • June 17, 2024
  • Hershey's chocolate bars are shown on July 16, 2014 in Chicago, Illinois.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    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.

    By • June 14, 2024
  • A group of people in masks stand outside a government building, holding signs in support of affirmative action.
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    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.

    By Carolyn Crist • June 12, 2024
  • Street signs for the intersection of Wall St. and Broad St., with the stripes of an American flag in the background.
    Image attribution tooltip
    Michael Santiago/Getty Images via Getty Images
    Image attribution tooltip

    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.

    By • June 10, 2024
  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Citi boosts paid parental leave to match industry peers

    The bank is giving birth mothers an additional eight weeks of recovery time, bringing total leave to 24 weeks, in line with policies by Morgan Stanley and Barclays.

    By Dan Ennis • June 5, 2024
  • Bank of America's logo on a building façade
    Image attribution tooltip
    Mario Tama / Staff via Getty Images
    Image attribution tooltip

    Bank of America tweaks its restriction on firearms, energy lending

    New language indicates lending decisions go to senior risk officials for case-by-case evaluation, rather than being a non-negotiable “no.”

    By Dan Ennis • June 3, 2024
  • A picture of the United Nations logo.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    UN agency launches ESG metrics to measure workplace reproductive health care access

    The UNFPA unveiled a slate of ESG indicators organizations can use to measure their performance across various sexual and reproductive issues being faced by their employees.

    By • May 30, 2024
  • Seven orange statues stand on the Smithsonian Castle grounds.
    Image attribution tooltip
    Alex Wong via Getty Images
    Image attribution tooltip

    Why is the gender pay gap widening in STEM?

    While the reasons for the gap remain stubborn problems, job search engine Adzuna hypothesizes that this specific issue is a result of the pandemic.

    By Jen A. Miller • May 30, 2024
  • A sign is posted in front of a Google office on April 26, 2022 in San Francisco, California. Google parent company Alphabet will report first quarter earnings today after the closing bell.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Google, Meta, Microsoft, Salesforce launch coalition to contract carbon removal credits

    The Symbiosis Coalition aims to purchase up to 20 million tons of nature-based carbon removal credits for the tech companies by 2030.

    By • May 29, 2024
  • Photo looking up at high rises and Wall Street sign.
    Image attribution tooltip
    franckreporter via Getty Images
    Image attribution tooltip

    JPMorgan, Morgan Stanley shareholders modestly support Indigenous rights, climate proposals

    While voters did not approve shareholder resolutions at either meeting, the results displayed similar, if not greater, support as nearly identical proposals at other large U.S. banks.

    By • May 24, 2024
  • Picture of Shein office lobby.
    Image attribution tooltip
    Courtesy of Shein
    Image attribution tooltip

    Shein factory employees work long hours under poor conditions: report

    Following allegations from human rights group Public Eye, the fast fashion giant said it invests tens of millions of dollars into strengthening its supply chain governance and compliance.

    By Laurel Deppen • May 21, 2024
  • Red Hat DEI lawsuit filed by America First
    Image attribution tooltip
    Courtesy of Red Hat
    Image attribution tooltip

    Red Hat’s DEI program discriminatory, lawsuit says

    A senior manager says he was fired for being white and male and retaliated against for his merit-based hiring advocacy.

    By Robert Freedman • May 13, 2024
  • The Canary Wharf headquarters of Barclays Bank.
    Image attribution tooltip
    Oli Scarff via Getty Images
    Image attribution tooltip

    Barclays pressed on climate commitments and Gaza at annual meeting

    The bank was asked to pull back financing for its North American fracking operations during the meeting as it faced protests over its alleged ties to the war in the Middle East outside the venue.

    By • May 10, 2024
  • Shot of Google's NYC headquarters
    Image attribution tooltip
    Michael M. Santiago via Getty Images
    Image attribution tooltip

    Former Google workers file labor board complaint, say protest-related firings were illegal

    The ex-employees said the tech giant violated their labor rights when firing at least 28 employees for protesting against its cloud services contract with the Israeli government.

    By • May 3, 2024
  • HR Dive survey project perception
    Image attribution tooltip
    Adeline Kon/Sudaten
    Image attribution tooltip

    No longer ‘en vogue’? What to do when DEI has fallen out of favor

    For those committed to nonhostile work environments, the task of centering inclusion and belonging has become more difficult. Here’s how to get DEI back on track at your organization.

    By Caroline Colvin • May 3, 2024
  • Indigenous environmental activists march with signs opposing additional oil pipelines
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    Indigenous rights, climate proposals receive votes at Citi, Wells Fargo meetings

    A proposal for banks to examine their policies on mitigating risks to Indigenous Peoples rights received 26% support at Citi. Wells Fargo declined to share preliminary results.

    By • May 1, 2024
  • The headquarters of the U.S. Equal Employment Opportunity Commission in Washington, D.C.
    Image attribution tooltip
    Ryan Golden/Sudaten
    Image attribution tooltip

    EEOC finalizes harassment guidance, addressing remote work and gender identity

    Harassment can include “outing” individuals, misgendering, and prohibiting workers from using sex-segregated bathrooms consistent with their gender identity, the agency said.

    By Emilie Shumway • May 1, 2024
  • People walk up from the plaza at the Citigroup Center November 17, 2008 in New York City. Citigroup
    Image attribution tooltip
    Chris Hondros / Staff via Getty Images
    Image attribution tooltip

    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 • April 30, 2024
  • Workers seen at a nickel processing plant.
    Image attribution tooltip
    Ulet Ifansasti via Getty Images
    Image attribution tooltip

    UN-led panel to tackle ESG issues with new guidelines for ‘critical minerals’ mining

    The panel’s goals align with the Paris Agreement and the United Nations’ 2030 agenda for sustainable development, one of its co-chairs said.

    By • April 29, 2024
  • The exterior of a Citizens Bank is pictured.
    Image attribution tooltip
    Kate Tornone/Sudaten
    Image attribution tooltip

    Citizens Bank funds green jobs program for New York’s offshore wind sector

    The bank’s philanthropic arm will commit $600,000 over two years to financially support Brooklyn-based youth in pursuing careers in the renewable energy sector.

    By • April 26, 2024
  • A person walks past the European Parliament building in Brussels, Belgium.
    Image attribution tooltip
    Leon Neal via Getty Images
    Image attribution tooltip

    Human rights and environmental legislation approved by European Parliament

    The Corporate Sustainability Due Diligence Directive holds companies and supply chain partners accountable for ESG compliance.

    By Lauren Schenkman • April 26, 2024