Corporate Governance: Page 7
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SBTi appoints EY corporate sustainability partner as next CEO
David Kennedy will take on the chief executive role at the climate target validation organization in Q2 from interim CEO Sue Jenny Ehr, pending an agreement with his current firm.
By Lamar Johnson • Jan. 8, 2025 -
Kena Betancur via Getty Images
McDonald’s cools on DEI, shifts to ‘global inclusion’
The shift in strategy comes as a result of work done last year, McDonald’s said, including a “comprehensive Civil Rights Audit.”
By Caroline Colvin • Jan. 8, 2025 -
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JPMorgan becomes latest major US bank to exit NZBA
The bank’s departure from the Net Zero Banking Alliance follows the exits of five other major U.S. banks from the climate coalition in the past month.
By Lamar Johnson • Jan. 7, 2025 -
Kevin Dietsch / Staff via Getty Images
Big Oil urges Supreme Court to weigh in on Honolulu climate case
The judges will determine whether to take up the oil giant's appeal during a Jan. 10 conference.
By Lamar Johnson • Jan. 6, 2025 -
Spencer Platt / Staff via Getty Images
Bank of America, Citigroup, Morgan Stanley latest to exit Net-Zero Banking Alliance
The financial institutions’ decision to leave NZBA comes shortly after Goldman Sachs and Wells Fargo announced they were departing the United Nations-backed climate coalition last month.
By Zoya Mirza • Jan. 3, 2025 -
Did Costco just reset the narrative around DEI?
In contrast to a slew of companies, the warehouse retailer has forcefully rejected an anti-DEI shareholder proposal as bad for business.
By Daphne Howland • Jan. 3, 2025 -
FangXiaNuo via Getty Images
Sustainability profession at ‘crossroads’ amid regulation, compliance headwinds: Trellis
Compliance is becoming a bigger part of a sustainability executive’s role, coupled with greater oversight from legal and CFO teams, according to the research firm.
By Suman Bhattacharyya • Jan. 2, 2025 -
Laurence Dutton via Getty Images
OpinionHow AI is shaping the future of sustainability
The rapid evolution of artificial intelligence is redefining how industries operate, and its influence on sustainability is no exception, according to PwC’s ESG principal.
By Sammy Lakshmanan • Jan. 2, 2025 -
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Walmart to miss 2025, 2030 emissions reduction targets
The retail giant said it will miss its goals to reduce operational emissions because of challenges with energy policy and infrastructure, as well as technology availability.
By Lamar Johnson • Dec. 20, 2024 -
Retrieved from Nostromo Energy on December 19, 2024
Nostromo Energy receives $305M conditional commitment from DOE for thermal energy storage system
If finalized, the loan will support up to 193 IceBrick installations in commercial buildings across California, scaling the ice-based system’s integration with virtual power plants, the company says.
By Nish Amarnath • Dec. 20, 2024 -
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OpinionPeople are as important as technology for reliable ESG data collection
Driven by various regulatory frameworks, companies of all sizes may need to retool their approaches to data collection to meet compliance timelines in the most effective ways possible.
By Matthew Gardner • Dec. 19, 2024 -
Courtesy of Vanguard Renewables
Vanguard Renewables names new CEO as owner BlackRock looks for growth
The anaerobic digestion company’s former CEO, who held the role since before Vanguard was purchased by a division of BlackRock Real Assets, has departed, the company confirmed.
By Jacob Wallace • Dec. 18, 2024 -
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More than 70 investors have left Climate Action 100+ since GOP probe: House Judiciary
The disclosure was made in an interim report that alleges climate coalitions developed a playbook to push “disfavored” companies towards net-zero.
By Lamar Johnson • Dec. 17, 2024 -
Victor Golmer via Getty Images
SAP adds carbon-tracking solution to its cloud-based resource planning toolkit
The Green Ledger tool tracks and accounts for emissions across business units, the technology company said Monday.
By Matt Ashare • Dec. 17, 2024 -
Drew Angerer via Getty Images
Supply chains of over 100 fashion brands linked to oil, gas fracking in Texas
Stand.earth identified 107 fashion companies — including H&M, Puma and Adidas — that use textile materials generated by petrochemicals linked to the Permian Basin in a new report.
By Zoya Mirza • Dec. 16, 2024 -
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E+S proposals grew over decade alongside anti-ESG submissions: report
“Investors show little to no interest in proposals that advocate a political viewpoint without demonstrable economic relevance,” proxy advisory firm ISS-Corporate said in an analysis.
By Suman Bhattacharyya • Dec. 13, 2024 -
CBRE’s climate transition strategy targets supply chain, efficiency actions
Measures to decarbonize include working with clients and suppliers to reduce emissions, which would help decrease its large share of scope 3 emissions, the real estate firm said.
By Joe Burns • Dec. 13, 2024 -
Michael M. Santiago via Getty Images
Appeals court rejects Nasdaq effort to boost director diversity
The Fifth Circuit found that the Securities Exchange Act doesn’t allow a stock exchange to require listed companies to report directors’ race and gender.
By Justin Bachman • Dec. 13, 2024 -
Justin Sullivan via Getty Images
California to ease enforcement action on climate rules for first year of reporting
The California Air Resources Board said it would “not take enforcement action” on entities subject to Senate Bill 253 for incomplete reporting during the first reporting cycle due 2026.
By Zoya Mirza • Dec. 12, 2024 -
Courtesy of Target
Court blocks Target’s attempt to move, dismiss DEI-related shareholder suit
The lawsuit argued that Target’s “DEI/ESG mandates” had a “known risk of adverse customer reactions,” and should have therefore been disclosed in investor statements.
By Caroline Colvin • Dec. 12, 2024 -
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Meta signs quartet of solar purchase agreements with Invenergy
The four contracts are expected to provide the tech and social media giant with 760 megawatts of clean energy.
By Lamar Johnson • Dec. 11, 2024 -
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Goldman Sachs exits Net-Zero Banking Alliance
The bank said it would remain “focused on the increasingly elevated sustainability standards and reporting requirements imposed by regulators around the world.”
By Zoya Mirza • Dec. 10, 2024 -
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Shein launches independent advisory boards for ESG, corporate responsibility issues
The groups will work with the fast fashion company’s leaders on how to reach the commitments it laid out in its EvoluSHEIN plan.
By Laurel Deppen • Dec. 10, 2024 -
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L’Oréal Groupe spearheads supplier decarbonization fund
The Solstice program will help small and medium-sized enterprises access funding to advance scope 3 commitments.
By Kelly Stroh • Dec. 9, 2024 -
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Q&AWhat’s driving governance support as E+S approval dips: Diligent Market Intelligence
“Investors are increasingly focused on good governance and are taking basic governance structures quite seriously,” Diligent’s Editor In Chief Joshua Black told ESG Dive.
By Lamar Johnson • Dec. 6, 2024
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