Corporate Governance: Page 17
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Courtesy of Ford Motor Co.
Ford scraps electric SUV plans, delays next-generation truck
The automaker is taking a $400 million hit as it shifts its electrification strategy yet again.
By Haley Cawthon • Aug. 22, 2024 -
Andrew Burton via Getty Images
How to build social activism into your governance structure
Companies don’t have to retreat from activism to avoid backlash if they align their values with their business in a way that makes sense, a law professor says.
By Robert Freedman • Aug. 21, 2024 -
Explore the Trendline➔
Mark Wilson via Getty Images
TrendlineThe evolution of the voluntary carbon credit market
Companies are increasingly relying on carbon credits to cut their emissions and meet climate goals, despite a dynamic regulatory environment and increased ESG scrutiny.
By ESG Dive staff -
Chip Somodevilla via Getty Images
Friend or foe: Unpacking what the amicus briefs say about the SEC’s climate rule
Amicus briefs in the Securities and Exchange Commission’s ongoing lawsuit concerning its climate disclosure rule find institutional investors and businesses largely on opposite sides.
By Lamar Johnson • Aug. 20, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
General Motors to lean on solar power for three assembly plants
The car manufacturer has signed a 15-year renewable power purchase agreement to support its operations at three assembly plants located in Michigan and Missouri.
By Zoya Mirza • Aug. 20, 2024 -
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Meta to procure 374 MW of clean energy from RWE solar farms
The tech conglomerate has signed two power purchase agreements with the German energy company to build on its sustainability goals.
By Zoya Mirza • Aug. 16, 2024 -
Justin Sullivan via Getty Images
United Airlines gets sustainable fuel greenwashing lawsuit tossed
A federal court dismissed a class-action suit brought against the airline that alleged it deceptively advertised its sustainable aviation fuel efforts.
By Lamar Johnson • Aug. 15, 2024 -
FangXiaNuo via Getty Images
Anti-ESG proposals drove the increase in ESG proxy submissions: Morningstar
“For the first time, the growth in new resolutions was dominated by proposals from ‘anti-ESG’ filers,” per Morningstar Sustainalytics’ director of stewardship research and policy.
By Lamar Johnson • Aug. 13, 2024 -
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Goldman Sachs latest to depart Climate Action 100+
The firm’s exit follows other high-profile financial institutions that quit CA100+ earlier this year, including JPMorgan Asset Management and State Street Global Advisors.
By Zoya Mirza • Aug. 12, 2024 -
Brendan Smialowski / Stringer via Getty Images
SEC defends its authority for climate disclosure rule in court
The agency said its climate rule will help to better inform investors with “more detailed, consistent, and comparable information” in replying to legal challengers.
By Lamar Johnson • Aug. 8, 2024 -
Sean Gallup via Getty Images
Carbon market governing body tightens standards for renewable energy credits
The Integrity Council for the Voluntary Carbon Market said carbon credits issued under existing renewable energy methodologies won’t qualify for its Core Carbon Principles label.
By Zoya Mirza • Aug. 8, 2024 -
Lukas Schulze via Getty Images
New initiative aims to solidify carbon removal standards
The Carbon Removal Standards Initiative seeks to provide policymakers and regulators with “financially unconflicted advice” to monitor and develop standards for the industry.
By Zoya Mirza • Aug. 7, 2024 -
Andrey Popov via Getty Images
AI could halt energy use growth in US buildings: LBNL study
Combined with policy measures and low-carbon generation, building carbon emissions can decline over 90% by 2050 compared with business-as-usual scenarios, according to national lab researchers.
By Joe Burns • Aug. 7, 2024 -
Edwin Tan via Getty Images
Nat’l Association of Counties defends against attacks on its fiduciary duties
The organization representing about 3,000 U.S. counties passed a resolution opposing interference in its investment decisions as part of its 2024-25 platform.
By Lamar Johnson • Aug. 6, 2024 -
Joe Raedle via Getty Images
JetBlue inks SAF deal for JFK flights
The airline signed a 12-month deal to procure sustainable aviation fuel from a Valero Energy Corporation subsidiary to reduce its emissions at the New York airport.
By Zoya Mirza • Aug. 5, 2024 -
Kevin Dietsch via Getty Images
House Republicans issue final ESG Working Group report
The Republican group housed within the House Financial Services Committee said the current proxy system is “an environment ripe for abuse.”
By Lamar Johnson • Aug. 5, 2024 -
Scott Olson via Getty Images
United Airlines to lean on SAF for Chicago O’Hare flights
United inked a deal with sustainable fuels company Neste, which will provide the airline up to 1 million gallons of sustainable aviation fuel through the year.
By Zoya Mirza • Aug. 2, 2024 -
Courtesy of Mars Wrigley Australia
Mars doubts it can achieve 2025 sustainable packaging targets
Almost half of Mars’ packaging portfolio is being redesigned or eliminated to align with current or future recycling infrastructure. But infrastructure advancement is taking longer than expected, per its latest sustainability report.
By Maria Rachal • Aug. 2, 2024 -
Chip Somodevilla via Getty Images
House Judiciary probes Climate Action 100+ members as ESG investigation continues
The Republican heads of the Judiciary Committee and one subcommittee sent letters to over 130 U.S.-based companies, systems and funds associated associated with CA100+.
By Lamar Johnson • Aug. 1, 2024 -
Lukas Schulze/Getty Images via Getty Images
Dems back CFTC’s proposed guidance for voluntary carbon markets
Nine Democratic lawmakers expressed support for the Commodity Futures Trading Commission’s proposed guidance for companies looking to list and trade carbon credits.
By Zoya Mirza • Aug. 1, 2024 -
AzmanL via Getty Images
Approval rates for environmental, social proposals continue to crater despite record submissions
Average support for environmental and social shareholder proposals was at just 16.2% through the first half of the year, Diligent Marketplace Intelligence reported.
By Lamar Johnson • July 31, 2024 -
"HK TKO zh:將軍澳 Tseung Kwan O PopCorn mall shop in January 2022" by CAHOGNSUIE 202 KADPA is licensed under CC BY-SA 4.0
Q&AAesthetics vs. environment: How Estée Lauder balances luxury and sustainability
Efforts include sourcing postconsumer resin and leveraging chemical recycling. Making sustainability leaps more apparent to consumers is also a concern at the cosmetics and skincare giant.
By Katie Pyzyk • July 31, 2024 -
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ExxonMobil climate liability case to proceed in Connecticut
The ruling marks the latest development in a lawsuit initiated by Connecticut Attorney General William Tong in 2020 seeking to hold the oil major accountable.
By Zoya Mirza • July 30, 2024 -
Wanan Yossingkum via Getty Images
SBTi: ‘Clear risks’ to using carbon credits to offset emissions
Recent research from the climate target validation organization found that “various types of carbon credits are ineffective in delivering their intended mitigation outcome.”
By Lamar Johnson • July 30, 2024 -
Jeenah Moon via Getty Images
Amid DEI cuts, Microsoft works to distinguish itself from those responding to ‘woke’ backlash
While some companies axed DEI roles due to “woke” backlash, the motivations of other companies may be more nuanced.
By Caroline Colvin • July 29, 2024 -
Marco Prosch via Getty Images
DHL inks sustainability partnerships with Google, Envision
The logistics company signed two deals focused on reducing emissions generated by its global shipping network and increasing its investments in sustainable aviation fuel.
By Zoya Mirza • July 26, 2024
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