Corporate Governance: Page 2
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USDA tells digester funding applicants to remove diversity, climate language
The announcement means federal funding for anaerobic digesters on dairy farms could be unpaused for applicants willing to change project language.
By Jacob Wallace • April 9, 2025 -
Institutional Shareholder Services subsidiary launches sustainability bond ratings
The ratings aim to address investors’ “need for comparative insights on the material sustainability risks and opportunities” of green, social and sustainability bonds, ISS Stoxx’s head of ESG said.
By Lamar Johnson • April 8, 2025 -
Shareholder advocacy targets flexible packaging, reusables and recycling labels
Coca-Cola, Hyatt, Sealed Air, Starbucks and Wyndham recently reached agreements with shareholder advocates. Proposals remain pending at Amazon, Home Depot, Kraft Heinz, Mondelēz, PepsiCo and Wendy’s.
By Cole Rosengren • April 8, 2025 -
Dutch investor AIP Management invests $500M in US solar producer
AIP will invest half a billion dollars in Silicon Ranch, a full-service solar company and one of the largest U.S. independent power producers.
By Lamar Johnson • April 7, 2025 -
Women’s trade organization granted temporary restraining order in DOL, Trump DEI case
President Donald Trump failed to properly define DEI in his Jan. 20 and Jan. 21 executive orders, Chicago Women in Trades claimed, thus putting its funding at risk.
By Caroline Colvin • April 7, 2025 -
EU parliament votes to ‘stop the clock’ on sustainability reporting
The European Parliament voted Thursday to delay reporting timelines for the bloc’s Corporate Sustainability Reporting Directive and Corporate Sustainability Due Diligence Directive.
By Lamar Johnson • April 4, 2025 -
German prosecutors slap $27M greenwashing fine on Deutsche Bank’s DWS
The Frankfurt Public Prosecutor said statements made by DWS about being an “ESG leader” or ESG being an integral part of its "DNA” did not paint a true picture.
By Zoya Mirza • April 4, 2025 -
Ford asks investors to vote down supply chain emissions proposal
Shareholder Green Century Capital Management wants the automaker to regularly disclose its strategies for meeting low-carbon steel benchmarks, among others.
By Haley Cawthon • April 4, 2025 -
Meta signs 10-year forestry-based carbon offtake deal
In “one of the first known contracts” like it, forest investment and management firm EFM will deliver 676,000 nature-based credits as 68,000 acres of forest transition to climate-smart management.
By Lamar Johnson • April 3, 2025 -
Amex says it stopped using diversity goals to set pay last year
A conservative legal group filed a proposal stating the company should do away with such incentives, but the company said it already shifted away from that practice.
By Patrick Cooley • April 3, 2025 -
Tennessee ends Wells Fargo probe after bank scraps net-zero target
The state's attorney general commended Wells Fargo’s “pro-consumer decision to step away from utopian policymaking." Seventeen other states had joined the probe.
By Rajashree Chakravarty • April 2, 2025 -
Retrieved from OCC.
OCC ends climate risk guidance for large banks
The Office of the Comptroller of Currency withdrew guidance to help financial institutions managing over $100 billion in total assets identify and manage financial risks related to climate change.
By Zoya Mirza • April 1, 2025 -
European Council adopts proposal to delay sustainability reporting
The European Parliament has set an April 1 vote for the “stop the clock” measure, which would officially delay reporting deadlines for the bloc’s corporate sustainability laws.
By Lamar Johnson • March 31, 2025 -
SEC withdraws defense of climate-risk disclosure rule
The agency will no longer defend its rule requiring companies to disclose certain climate-related risks, a move one commissioner called an attempt to “unlawfully” dismantle the rule.
By Lamar Johnson • March 28, 2025 -
ING becomes first global bank with SBTi-validated targets
The bank set targets to reduce its scope 1 and scope 2 emissions for 2030, as well as portfolio targets related to its fossil fuel financing.
By Lamar Johnson • March 27, 2025 -
Google announces four sustainability partnerships aimed at water stewardship, farming
The projects build on Google’s target to restore the volume of freshwater consumed across its offices and data centers, on average, by 120% by 2030.
By Zoya Mirza • March 27, 2025 -
JLL acquires renewable energy banking firm Javelin Capital
The global commercial real estate firm said the acquisition will “significantly enhance” the company’s capabilities in the U.S. energy and infrastructure markets.
By Lamar Johnson • March 26, 2025 -
Retrieved from Disney 2025 Annual Meeting of the Shareholders on March 25, 2025
Disney shareholders vote to remain in embattled LGBTQ+ ranking
Only 1% of shareholders voted in favor of stepping back from the Human Rights Campaign’s Corporate Equality Index.
By Caroline Colvin • March 26, 2025 -
Amazon launches carbon credit service through sustainability hub
The credits will be available to its U.S. supply chain partners, enterprise customers and Climate Pledge signatories with certain emissions reporting, net-zero targets and decarbonization strategies.
By Lamar Johnson • March 25, 2025 -
How fashion leaders are thinking about tariffs, textile sustainability
Companies should focus on smart sourcing and responsible manufacturing in response to fluctuating tariffs, per Stephen Lamar, president and CEO of the American Apparel and Footwear Association.
By Laurel Deppen • March 25, 2025 -
EEOC outlines how DEI might be ‘unlawful’
Documents outlining discrimination related to “DEI at work” have prompted attorneys to say that employers should re-evaluate their DEI programs now.
By Caroline Colvin • March 24, 2025 -
JPMorgan rebrands DEI, leaves Net-Zero Asset Managers initiative
The bank said it will swap “equity” for “opportunity” in its DEI policy and that it left NZAM due to the net-zero group’s operational pause.
By Lamar Johnson • March 24, 2025 -
Federal judge blocks EPA’s $14B GGRF funding freeze
The EPA “proffered no evidence to support their basis for the sudden terminations, or that they followed the proper procedures,” said U.S. District Judge Tanya Chutkan.
By Diana DiGangi • March 24, 2025 -
BlackRock, Vanguard, State Street seek dismissal of red states’ coal antitrust suit
The asset managers said the Republican-led states offered “no plausible facts” to support the claim that the three firms conspired to collectively cut coal production in the U.S.
By Lamar Johnson • March 21, 2025 -
CARB asked to implement California’s climate disclosure laws, align with global standards
Ceres asked the California Air Resources Board to support climate laws to “help deliver standardized, high-quality disclosures of companies’ climate related financial risks.”
By Zoya Mirza • March 21, 2025