Corporate Governance: Page 20
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Scott Olson via Getty Images
ExxonMobil forges ahead with lawsuit against ESG investors
“The true goal of Exxon's legal attack is preventing shareholders from voting on its greenhouse gas emissions,” said Follow This founder Mark van Baal.
By Lamar Johnson • Feb. 27, 2024 -
Michael M. Santiago via Getty Images
Nasdaq board diversity rule challenge will be reheard en banc
The case will return to the 5th Circuit with the context of the 2023 Supreme Court ruling that struck down race-conscious admissions at colleges.
By Kathryn Moody • Feb. 27, 2024 -
Scott Olson / Staff via Getty Images
American Airlines must face pilot’s lawsuit over ESG investments
Federal Judge Reed O’Connor said the pilot has a plausible enough complaint to continue, despite not yet factually proving any harm.
By Lamar Johnson • Feb. 26, 2024 -
Sean Gallup via Getty Images
Businesses face significant data collection hurdles while meeting ESG reporting requirements, KPMG says
In a survey across industries, KPMG found that nearly half of respondents were using spreadsheets to manage ESG data.
By Suman Bhattacharyya • Feb. 23, 2024 -
Kaarin Vembar/ESG Dive
Walmart hits supplier emissions goal 6 years early
The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.
By Ben Unglesbee • Feb. 23, 2024 -
Justin Sullivan via Getty Images
OpinionA roadmap for corporate ESG reporting: eBay Chief Sustainability Officer
The e-commerce platform’s chief sustainability officer, Renee Morin, explains how company executives can navigate the changing landscape of sustainability and governance.
By Renee Morin • Feb. 22, 2024 -
Tim Boyle/Getty Images via Getty Images
Chicago sues oil, gas companies to make them pay for ‘climate deception’
The nation's third-largest city joins dozens of other municipalities and states that have filed similar lawsuits.
By Ysabelle Kempe • Feb. 22, 2024 -
Justin Sullivan via Getty Images
Verizon allocates $1B green bond proceeds to renewable energy projects
The telecommunications provider’s investment builds on its goal to achieve net-zero emissions across its operations by 2035.
By Zoya Mirza • Feb. 21, 2024 -
Nigel Harris via Getty Images
Deep DiveBiodiversity emerges as an ESG priority in packaging, but measurement could be a challenge
As international standards evolve, fiber-based packaging companies are in the spotlight. Smurfit Kappa, WestRock, the Sustainable Forestry Initiative and Canopy Planet weigh in on what the increased focus means for the industry.
By April Reese • Feb. 21, 2024 -
Lamar Johnson/ESG Dive
Push for climate policy and adaptation lead concerns at GreenBiz24
More than 2,500 sustainability professionals flocked to Phoenix for the GreenBiz24 conference to hear the industry’s latest insights.
By Lamar Johnson • Feb. 21, 2024 -
Artem Peretiatko via Getty Images
Exclusive: Carbon management platform Gravity Climate joins ESG Data Convergence Initiative
“The world of private equity has a massive opportunity to influence so many different companies that don't necessarily receive direct pressure,” Gravity Climate’s CEO told ESG Dive.
By Lamar Johnson • Feb. 20, 2024 -
Andrew Burton via Getty Images
BlackRock expands voting choice program to individual investors
The asset manager will now allow over 3 million additional investors to take control of their power in the proxy vote process.
By Lamar Johnson • Feb. 16, 2024 -
AzmanL via Getty Images
Companies struggle with decarbonization due to internal governance, data issues
Most organizations are committed to decarbonization, but a siloed approach, bureaucracy and data challenges stand in the way of success, an Engie Impact report says.
By Suman Bhattacharyya • Feb. 16, 2024 -
Justin Sullivan/Getty Images via Getty Images
Lululemon accused of greenwashing in anti-competition complaint
Advocacy organization Stand.earth is asking the Competition Bureau Canada to investigate the athletic wear company’s conduct over environmental claims.
By Laurel Deppen • Feb. 16, 2024 -
Spencer Platt via Getty Images
JPMorgan, State Street exit Climate Action 100+ coalition
BlackRock also revised its membership after the coalition announced its “phase 2” requirements that signatories enhance their corporate disclosure and implement climate transition plans.
By Zoya Mirza • Feb. 15, 2024 -
Lamar Johnson/ESG Dive
GreenBiz24: US companies seek to understand EU CRSD impact
While the process may be complex, it is important for companies to recognize they “are not starting from scratch,” Nado Saab, Mondelēz International’s director of ESG reporting told attendees.
By Lamar Johnson • Feb. 15, 2024 -
Lamar Johnson/ESG Dive
Sustainability experts called to ‘LEAD’ a push for climate policy at GreenBiz24
Bill Weihl, former head of sustainability at Google and Facebook, said industry professionals need to urge their companies to advocate for additional green policies.
By Lamar Johnson • Feb. 13, 2024 -
The image by FirstEnergy is licensed under CC BY-ND 2.0
FirstEnergy increases 5-year spending plan 44%, to $26B, drops 2030 carbon goal
The company abandoned its plan to cut carbon emissions 30% below 2019 levels by 2030 amid tightening power supplies in the PJM Interconnection, but it still intends to be net carbon neutral by 2050.
By Ethan Howland • Feb. 13, 2024 -
Oli Scarff via Getty Images
Barclays ceases direct funding of new fossil fuel projects
The London-based bank will also require all its portfolio energy companies to report their scoped emissions reductions targets and any expansion plans by Jan. 1, 2025.
By Lamar Johnson • Feb. 12, 2024 -
Joe Raedle via Getty Images
Cost cutbacks to go hand-in-hand with emissions reduction strategy: USPS
The postal service said it plans to slash scope 1 and 2 emissions by 40% and scope 3 emissions by 20% by 2030, compared to a 2021 baseline.
By Zoya Mirza • Feb. 9, 2024 -
Justin Sullivan via Getty Images
Shell rebrands climate tech company Studio X as Onward, eyes net-zero economy
The updated energy venture falls in line with the oil major’s goal to become a net-zero emissions energy business by 2050.
By Zoya Mirza • Feb. 8, 2024 -
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ESG to be a ‘major’ M&A driver in 2024: Norton Rose Fulbright
The vice president of a U.S. corporation warned in the report that companies will cancel acquisition deals if “critical ESG information is not provided or unavailable.”
By Lamar Johnson • Feb. 7, 2024 -
David McNew via Getty Images
Arjuna Capital, Follow This pull Exxon climate proposal after lawsuit
Natasha Lamb, Arjuna Capital’s chief investment officer, warned the lawsuit will silence investors concerned about climate risks.
By Lamar Johnson • Feb. 5, 2024 -
courtneyk via Getty Images
Legal chiefs, diversity officers view DEI differently, survey finds
“The lack of alignment in the C-suite could pose new challenges for organizations in communicating and acting on their IE&D-related positions and values,” the Littler report said.
By Lyle Moran • Feb. 2, 2024 -
Toby Smith via Getty Images
Global standard-setter proposes ethics guidelines to curb greenwashing risks
The International Ethics Standards Board for Accountants prepared a pair of ethics standards to help sustainability experts foster trust.
By Lamar Johnson • Jan. 31, 2024
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