Corporate Governance: Page 12
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Unilever, Nestlé join over 130 companies in call to reverse biodiversity loss ahead of COP16
A coalition of businesses across various industries are pressing world leaders to take action on an issue often overlooked by corporate sustainability plans.
By Sarah Zimmerman • July 19, 2024 -
Asanka Ratnayake via Getty Images
IHG unveils low carbon program, targets energy efficiency in hotels
The global hospitality company called the initiative an “industry first” and said it would help it “test, learn and share findings on sustainability measures.”
By Zoya Mirza • July 18, 2024 -
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TrendlineTop 5 stories from ESG Dive
This year has shaped 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 ESG Dive staff -
Joey Sirmons/ESG Dive
Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations
Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.
By Zoya Mirza , Lamar Johnson • July 16, 2024 -
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BlackRock updates climate stewardship policies, targeting $150B in funds
The policies will initially apply to 83 European investment funds with $150 billion in assets under management and prioritize sectors and companies “critical” to the clean energy transition.
By Lamar Johnson • July 15, 2024 -
Courtesy of Tractor Supply
Deep DiveTractor Supply retreats on DEI, climate after ‘anti-woke’ backlash. Now the real fallout begins.
The retailer's pullback of its corporate diversity and climate efforts could alienate some customers, employees and investors.
By Daphne Howland • July 15, 2024 -
Bill Pugliano via Getty Images
GM shareholders vote down 3 ethical supply chain proposals
Responding to the proposals, the automaker defended its existing practices for supplier agreements and operational policies.
By Kelly Stroh • July 15, 2024 -
David McNew via Getty Images
Amazon hits renewable energy goal early, reduces carbon emissions
The e-commerce giant said it met a goal to match all of its electricity consumption with renewable energy seven years early and decreased overall emissions by 3% in 2023.
By Zoya Mirza • July 12, 2024 -
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Senators press Jamie Dimon on alleged climate turnabout
The lawmakers, including Sen. Elizabeth Warren, D-MA, demanded answers from the JPMorgan Chase CEO on the bank's environmental "commitments" and "aspirations."
By Gabrielle Saulsbery • July 12, 2024 -
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Sustainability is a key factor in improved financial performance: KPMG
Indicators like lower carbon dioxide emissions, land environmental impact reduction and business ethics policies are linked to increased gross profit margin, per a study of 2,617 companies.
By Suman Bhattacharyya • July 11, 2024 -
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Labor Department, challengers argue over ESG rule’s tiebreaker standard post-Chevron
A lawyer for the agency said he believes “the logic of the District Court's opinion would produce the same result” under the Loper Bright ruling.
By Lamar Johnson • Updated July 10, 2024 -
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Lego to mandate sustainability targets across supply chain
The Danish toy maker is turning to suppliers to help cut emissions from its indirect operations, primarily its supply chain, as they make up the majority of its carbon footprint.
By Zoya Mirza • July 9, 2024 -
Courtesy of Google
Google’s AI efforts slow sustainability gains
The company’s greenhouse gas emissions climbed 13% last year as compute intensity increased, according to its annual environmental report.
By Lindsey Wilkinson • July 9, 2024 -
Justin Sullivan via Getty Images
Google inks renewable power agreement with Engie
Google has signed five corporate power purchase agreements with Engie, which will provide over 118 megawatts of power to boost the tech giant’s operations in Belgium.
By Zoya Mirza • July 8, 2024 -
Jeff J Mitchell via Getty Images
Climate groups say carbon offsets undermine emission reduction targets
Over 80 organizations addressed global companies and governments Tuesday, saying a reliance on carbon credits will likely “slow down global emission reductions.”
By Zoya Mirza • July 3, 2024 -
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Consumers want ethical sourcing, labeling on manmade fibers: report
Nearly three quarters of survey respondents think materials such as viscose and lyocell should come from sustainable forests.
By Lara Ewen • July 3, 2024 -
Chip Somodevilla via Getty Images
Fidelity updates sustainable investing framework against regulatory backdrop
Fidelity’s international arm said its revised framework aims to “ensure ongoing alignment with transparency and disclosure requirements.”
By Zoya Mirza • July 2, 2024 -
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Shareholders rejecting both ESG and anti-ESG proposals
Only three of almost 1,000 proposals were supported by shareholders so far in the 2024 proxy season.
By Robert Freedman • July 2, 2024 -
Justin Sullivan via Getty Images
Wendy’s inks deal with solar company to cut restaurant emissions
The collaboration with Ampion Renewable Energy will help provide renewable electricity to local utility grids and decrease restaurants’ reliance on fossil fuels.
By Zoya Mirza • June 27, 2024 -
Omer Messinger via Getty Images
Zara owner pledges to stop using endangered and ancient forests in paper packaging
The initiative builds on Inditex’s previous commitment to remove those materials from textiles.
By Laurel Deppen • June 27, 2024 -
Dean Mouhtaropoulos via Getty Images
ExxonMobil taps Air Liquide for low-carbon hydrogen project
The industrial gasses company will invest up to $850 million to build and operate four air separation units to boost the oil giant’s Texas hydrogen project.
By Zoya Mirza • June 26, 2024 -
Spencer Platt via Getty Images
Unilever, Ikea, others push governments to accelerate climate action plans
The “Mission 25” group — which represents some of the world’s biggest companies, financial institutions and cities — is urging governments worldwide to align climate goals with the Paris Agreement.
By Zoya Mirza • June 25, 2024 -
Justin Sullivan via Getty Images
Microsoft partners with agricultural tech company for carbon removal
The tech giant will purchase 40,000 soil-based carbon credits from Indigo Ag, a transaction the sustainable agriculture company called a “major milestone.”
By Zoya Mirza • June 24, 2024 -
Courtesy of PepsiCo
PepsiCo anticipates missing certain 2025 packaging sustainability goals
The same day the company released its ESG report acknowledging it’s unlikely to hit a 2025 packaging circular design target, the city of Baltimore sued PepsiCo and others for their “significant roles in creating a plastic pollution crisis.”
By Katie Pyzyk • June 24, 2024 -
Justin Sullivan via Getty Images
Anti-ESG laws challenge fiduciary obligations, add significant reporting burden: PRI
The impact of anti-ESG legislative efforts is uncertain and could affect capital availability for businesses and investment vehicles that have a sustainability or social focus, experts say.
By Suman Bhattacharyya • June 21, 2024 -
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Salesforce announces spate of climate investments
The three new investments include joining a decarbonization initiative, a PPA for a 27-megawatt solar project and committing almost $4 million to climate-focused philanthropy.
By Zoya Mirza • June 18, 2024
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