Corporate Governance: Page 11
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Katie Pyzyk/ESG Dive
Consumers are confused by packaging sustainability claims
Between greenwashing, confusing terminology and a lack of information, a lot gets lost in translation, according to speakers from the National Retail Federation, NielsenIQ and others at recent industry events.
By Katie Pyzyk • Oct. 8, 2024 -
Amir Levy via Getty Images
Companies signal pullback on Israel-Gaza philanthropy: Conference Board
As the conflict enters its second year, some companies will likely wind down funding commitments amid concern about backlash to corporate policies, the Conference Board’s Andrew Jones said.
By Maura Webber Sadovi • Oct. 8, 2024 -
George Frey via Getty Images
Carbon footprint of 21 private equity firms exceeds pre-pandemic global flight emissions
Two-thirds of the energy companies included in the portfolios of these private equity firms are invested in fossil fuels assets, which collectively emit 1.17 billion metric tons of CO2 equivalent annually.
By Zoya Mirza • Oct. 7, 2024 -
Sean Gallup via Getty Images
How asset managers can integrate climate into their investment decisions: State Street, Impax
The report shows that “understanding and managing climate change’s impact on portfolios is core to delivering attractive investment returns and cannot be ignored,” Impax CEO Ian Simm said.
By Lamar Johnson • Oct. 7, 2024 -
Fahroni via Getty Images
Sustainability spending tops US corporate agenda amid decarbonization hurdles: Carrier
Corporate focus on sustainability has increased despite economic headwinds and legislative uncertainty. Yet, many organizations face roadblocks from financial access to workforce shortages, experts say.
By Nish Amarnath • Oct. 7, 2024 -
Andrew Burton via Getty Images
BlackRock scores win in ex-employee’s suit alleging discrimination in pursuit of DEI, ESG
A federal judge found that the former equity trader failed to provide evidence he was fired for being a white, heterosexual male and not for violating the firm’s COVID-19 vaccination policy.
By Lamar Johnson • Oct. 4, 2024 -
Scott Olson via Getty Images
Anti-ESG proxy votes surge but they’re not passing
Shareholders submitted more than 100 anti-ESG proposals in the 2024 proxy season but none of those that made it to a vote received more than single-digit support.
By Robert Freedman • Oct. 4, 2024 -
Tinpixels via Getty Images
US corporate commitment to diversity in decline, McKinsey says
“Progress is surprisingly fragile, especially for women of color, who continue to be underrepresented at every level” of the corporate hierarchy, McKinsey said.
By Jim Tyson • Oct. 4, 2024 -
Jack Taylor via Getty Images
Ferrari shutters gas-fueled plant to slash carbon emissions
The Italian carmaker closed its Maranello trigeneration plant this week in a bid to reduce its methane gas consumption and pivot to cleaner energy sources.
By Zoya Mirza • Oct. 3, 2024 -
K Neville via Getty Images
Deep DiveHush-hush: Is greenwashing pushback prompting pivot to ‘greenhushing’?
Companies must focus on data and transparency to back their sustainability claims instead of resorting to silence, or exaggerations, said sources from groups such as the U.S. Plastics Pact, Glass Packaging Institute and McCormick & Co.
By Katie Pyzyk • Oct. 3, 2024 -
Courtesy of Shein
Shein faces greenwashing investigation in Italy
The Italian Competition Authority is accusing the fast fashion giant of posting misleading sustainability claims on its website.
By Laurel Deppen • Oct. 3, 2024 -
Justin Sullivan via Getty Images
California Gov. Newsom greenlights climate disclosure acts by signing new bill
Senate Bill 219 includes a series of amendments to climate bills SB 253 and SB 261, originally approved by Newsom last October, while retaining a 2026 start date.
By Zoya Mirza • Oct. 2, 2024 -
Lamar Johnson/ESG Dive
Dem AGs: ‘We were on the verge of losing this messaging battle’ on ESG
“We're pushing back because the Republicans are rewriting reality, trying to voice the false narrative on business … and we can’t stand for that,” California AG Rob Bonta said.
By Lamar Johnson • Oct. 2, 2024 -
SolStock via Getty Images
ESG and sustainability conferences to watch in 2025
Corporations will increasingly look for help in meeting ESG goals, while navigating the current U.S. political environment.
By Lamar Johnson , Zoya Mirza • Updated Jan. 16, 2025 -
Johannes Simon via Getty Images
New program to help fashion brands navigate EU’s sustainability legislation
Nonprofit Fair Wear will launch the HRDD Academy to assist global garment and footwear brands meet the demands of the EU’s Corporate Sustainability Due Diligence Directive and other frameworks.
By Laurel Deppen • Oct. 1, 2024 -
Stephen Chernin via Getty Images
Morgan Stanley secures $750M for climate-focused private equity fund
The 1GT fund aims to collectively avoid or cut one gigaton of carbon dioxide equivalent emissions from the Earth’s atmosphere by 2050.
By Zoya Mirza • Sept. 30, 2024 -
Jeff J Mitchell via Getty Images
OpinionResults show carbon capture’s alleged promises are full of hot air
The happy-talk DOE press information says nothing about the difficulties associated with building a first-of-its kind technology and hooking it up to a large-scale electric generator.
By Dennis Wamsted • Sept. 30, 2024 -
Permission granted by Clifton Prescod for Dow Jones
Transparency on carbon credits’ quality is ‘critical’ for reducing corporate emissions, experts say
Verra CEO Mandy Rambharos said companies purchasing carbon credits should be able to understand where those credits come from and feel confident listing it as a decarbonization investment.
By Zoya Mirza • Sept. 27, 2024 -
Caiaimage/Paul Bradbury via Getty Images
CEOs face hurdles in meeting net-zero targets due to decarbonization challenges: KPMG
CEOs pointed to the complexity of cutting supply chain emissions and implementing sustainable solutions as challenges affecting their net-zero target strategies.
By Suman Bhattacharyya • Sept. 26, 2024 -
Xavier Arnau via Getty Images
Deep DiveNo, not all companies are abandoning diversity, equity and inclusion. Here’s why.
Amid a high-profile backlash, many businesses are scrutinizing their policies. But the vast majority end up sticking with DEI, in part because it’s key to growth.
By Daphne Howland • Sept. 26, 2024 -
Drew Angerer via Getty Images
Climate lawsuits against largest fossil fuel producers have almost tripled, report finds
Oil giants like ExxonMobil and Shell are increasingly facing lawsuits regarding their alleged culpability for climate change-related damages and engagement in misleading advertising.
By Lyle Moran • Sept. 25, 2024 -
Spencer Platt via Getty Images
Most global banks unprepared for climate change risks: report
A majority of banks lack clear climate adoption strategies, a Climate X survey of 50 of the world's largest commercial banks found.
By Suman Bhattacharyya • Sept. 24, 2024 -
Courtesy of ExxonMobil
Lawsuits from California AG and others take aim at ExxonMobil’s chemical recycling claims
The oil giant is facing a pair of coordinated lawsuits that collectively allege deceptive marketing, concealment of harm, and violations of nuisance and unfair competition laws.
By Maria Rachal • Sept. 24, 2024 -
Monica Schipper via Getty Images
State Street reduces support for E + S proposals, following other Big Three asset managers
State Street supported 6% of environmental and 7% of social proposals in the 2024 proxy season, confirming the nation’s largest asset managers all supported fewer such proposals than in 2023.
By Lamar Johnson • Sept. 23, 2024 -
Michael Vi / Getty Images via Getty Images
Q&AHow Lilly’s sustainability goals come face to face with massive growth
Eli Lilly’s head of ESG is maintaining a focus on sustainability even as the company’s expansion plans in weight loss drive a larger footprint and more social scrutiny.
By Michael Gibney • Sept. 23, 2024
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