Corporate Governance: Page 19


  • Rep. Bill Huizenga speaks with glasses and a pen in one hand.
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    Kevin Dietsch via Getty Images
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    House GOP says SEC is overstepping authority, cannot demand climate disclosures

    Expert witnesses for the Financial Services Subcommittee differed in legal interpretations of the agency’s power to issue the rule.

    By Jan. 19, 2024
  • SEC Chairman Gary Gensler takes part in a meeting.
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    Kevin Dietsch via Getty Images
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    Deep Dive

    To keep or not to keep: The fate of scope 3 emissions in SEC’s climate disclosure rule

    Given all of the pushback the agency has received over its proposed rule, particularly scope 3 reporting requirements, experts are uncertain if scope 3 will make the final cut.

    By Jan. 18, 2024
  • Vivek Ramaswamy speaks at a conference.
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    Drew Angerer via Getty Images
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    Anti-ESG crusader Vivek Ramaswamy drops out of 2024 presidential race

    The political newcomer ended his GOP White House bid after finishing fourth place in the Iowa caucuses and endorsed former President Donald Trump shortly after.

    By Jan. 17, 2024
  • Walmart storefront.
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    Kaarin Vembar/ESG Dive
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    Walmart to pay $60K over claim it did not promote woman with young children

    The retailer promoted an employee who did not have young children, amounting to sex discrimination, the EEOC alleged.

    By Ryan Golden • Jan. 17, 2024
  • Activists participate in an Earth Day march with a sign that says "End the Era of Fossil Fuels"
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    Anna Moneymaker via Getty Images
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    Deep Dive

    4 ESG trends that set the tone for 2024

    It’s shaping up to be a big year for ESG with a packed SEC agenda, fights over corporate DEI efforts and shareholder rights and a focus on financing the net zero transition.

    By , Jan. 10, 2024
  • The interior of Beyond Yoga's Century City store.
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    Courtesy of Beyond Yoga
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    DOL: Beyond Yoga contractors to pay over $1M in wages, damages to garment workers

    The U.S. Department of Labor’s settlement for 165 Los Angeles-based workers is the largest one to date for garment workers in the Golden State.

    By Jan. 9, 2024
  • Three people in masks take a selfie on an iPhone in front of a Disneyland Park poster.
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    David McNew via Getty Images
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    SEC rules Disney, Apple can’t dodge AI shareholder proposals

    The entertainment and tech conglomerates must vote on the AFL-CIO’s request for the companies to disclose their AI standards, setting the stage for more AI votes this proxy season.

    By Jan. 8, 2024
  • Team of business associates monthly meeting to plan a loan to buy real estate. And movable property to calculate and budget appropriately and save the most money.
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    Kanizphoto
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    Companies show decline in wage growth, but increase in ESG concerns: survey

    Companies also still expect to include ESG-related issues as a metric in their incentive plans, according to the latest research from Pearl Meyer.

    By Laurel Kalser • Jan. 5, 2024
  • Wind turbines stand against a backdrop of green fields and mountains.
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    Chip Somodevilla via Getty Images
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    ESG to factor strongly in 2024 executive pay plans despite pushback: WTW

    Environmental, social and governance strategies are “here to stay,” consultants said. But U.S. company boards are also seeking a more tailored approach.

    By Ryan Golden • Dec. 22, 2023
  • A below view of the EU flag is seen, surrounded by flags of the European bloc's member countries.
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    Ian Waldie via Getty Images
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    Banks are excluded from EU’s human rights, due diligence regulation — for now

    Despite opposition to leaving financial institutions out, the final draft of the Corporate Sustainability Due Diligence Directive only states the sector may need to comply at a later date.

    By Dec. 19, 2023
  • Krispy Kreme doughnuts are displayed in a box.
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    Scott Olson via Getty Images
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    Donuts and do nots: Krispy Kreme’s first ESG report reveals carbon emissions spike

    The company said it achieved carbon neutrality in some global operations through carbon offsets, despite a jump in scope 1 and scope 2 emissions overall.

    By Dec. 18, 2023
  • An indoor garden inside a green office building.
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    Coffekai via Getty Images
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    Decarbonization strategies require corporate buy-in, USGBC says

    While Inflation Reduction Act funding is a “key lever to decarbonization,” building owners, operators and occupants must do more to ensure that the U.S. reaches its Paris Agreement goals, the U.S. Green Building Council says.

    By Joe Burns • Dec. 15, 2023
  • SEC Chairman Gary Gensler participates in a meeting.
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    Kevin Dietsch via Getty Images
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    Democratic senators press Gensler to expedite release of human capital disclosure rule

    The updated rule — which requires companies to report on employee compensation, benefits, turnover data and more — is now slated for release in April 2024.

    By Dec. 15, 2023
  • Toyota vehicles displayed at a Toyota dealership.
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    Justin Sullivan via Getty Images
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    Toyota’s carbon footprint rises despite emissions-curbing initiatives

    The car manufacturer’s scope 1 and scope 2 emissions saw an increase from levels recorded last year, even as the company aims to be carbon neutral by 2035 across its North America operations.

    By Dec. 8, 2023
  • Exterior of a Lidl store.
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    Courtesy of Lidl US
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    Lidl US’s first corporate social responsibility report outlines a dozen top goals for the company

    The discounter said it aims to narrow its gender pay gap as well as reduce scope 1 and scope 2 greenhouse gas emissions by 70% by 2030.

    By Catherine Douglas Moran • Dec. 8, 2023
  • Gary Gensler speaks with his hand outstretched, seated before a microphone.
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    Win McNamee via Getty Images
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    Final SEC climate disclosure rule pushed to April 2024

    The long-awaited timing update comes via the Biden administration’s regulatory agenda for next year, which also unveiled new timetables for other ESG-related proposals.

    By Dec. 7, 2023
  • Kylie Cosmetics displayed at an Ulta beauty store.
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    David Dee Delgado via Getty Images
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    DEI top priority for Coty as it expands global parental leave policy

    The cosmetics and fragrance brand also said it had achieved its 2022 pay equity goal and has a gender pay equity gap of less than 2% across all its global management.

    By Dec. 1, 2023
  • An American Airlines Boeing 737 Max 8 taxiing at the airport.
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    Joe Raedle via Getty Images
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    American Airlines inks deal with Bill Gates-backed carbon removal startup

    The Fort Worth-based airline is the first commercial customer for Graphyte and is purchasing 10,000 tons of carbon removal credits.

    By Nov. 29, 2023
  • Starbucks baristas and supporters protest outside a store.
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    Mario Tama via Getty Images
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    Starbucks introduces oversight committee to improve governance

    The coffee chain said the Environmental, Partner and Community Impact committee will help improve its supply chain operations and employee relationships.

    By Nov. 22, 2023
  • Climate protesters line the street with the Capitol in the background.
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    Astrid Riecken via Getty Images
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    Global Reporting Initiative proposes climate change, energy standards

    The key focus of the two proposals is on how organizations can cut their greenhouse gas emissions and reduce energy consumption.

    By Nov. 22, 2023
  • A worker loads a truck with Amazon packages.
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    Sean Gallup via Getty Images
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    Amazon prioritizing ESG in procurement, but gathering data is ‘increasingly painstaking’

    Buyers said getting information from suppliers is difficult because of research and data collection challenges combined with time constraints.

    By Nov. 21, 2023
  • Tags from Gap and Disney are bundled and lie in the dust.
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    Courtesy of LICADHO
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    Garments burned for fuel in Cambodia factories causing health and environmental issues

    Waste from 19 companies including Adidas, Gap and Lululemon has been identified by the Cambodian League for the Promotion and Defense of Human Rights.

    By Lara Ewen • Nov. 21, 2023
  • EEOC, ADA,
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    David Ramos via Getty Images
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    Verizon launches annual industry wide climate risk survey

    The telecommunications provider’s move to expand its risk analysis comes in the wake of an environmental and health scandal earlier this year.

    By Nov. 17, 2023
  • CalPERS logo outside its building in Sacramento.
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    Max Whittaker via Getty Images
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    CalPERS aims to double climate investments to $100B by 2030

    The country’s largest pension fund said it would integrate ESG into its investment strategy and divest from companies “without credible net-zero plans.”

    By Nov. 16, 2023
  • Governor of Texas holds a meeting with the governor of Floroida.
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    (2021). [Photograph]. Retrieved from Office of the Texas Governor.
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    Deep Dive

    The ESG battle: 4 key states shaping regulatory discourse in the US

    Left-leaning California and New York and conservative-led Florida and Texas have stepped up regulatory measures to underscore ESG’s role — or lack thereof — in their jurisdictions.

    By , Nov. 16, 2023