Social Responsibility
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Supreme Court blocks enforcement of EPA’s ‘good neighbor’ rule
The 5-4 decision was criticized by clean energy advocates who said the court failed to address the “public health harm that occurs during the pendency of the stay granted.”
By Robert Walton • June 28, 2024 -
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 -
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 -
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 -
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 Lamar Johnson • June 21, 2024 -
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 Lamar Johnson • June 17, 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.
By Carolyn Crist • June 17, 2024 -
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 Zoya Mirza • June 14, 2024 -
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 -
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 Lamar Johnson • June 10, 2024 -
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 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 -
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 Zoya Mirza • May 30, 2024 -
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 -
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 Zoya Mirza • May 29, 2024 -
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 Lamar Johnson • May 24, 2024 -
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’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 -
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 Zoya Mirza • May 10, 2024 -
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 Lamar Johnson • May 3, 2024 -
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 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 Lamar Johnson • May 1, 2024 -
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 -
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 -
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 Zoya Mirza • April 29, 2024 -
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 Zoya Mirza • April 26, 2024