Corporate Governance: Page 8
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DEI failures contributed to a drop in stock prices, Lululemon shareholder alleges
Lululemon’s DEI initiative was “misguided” and its structure raised ethical concerns, the shareholder said in a derivative action lawsuit filed on behalf of the company.
By Emilie Shumway • Dec. 6, 2024 -
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Net-Zero Asset Owner Alliance calls for mandated scope 3 emissions disclosures
The UN-convened alliance also included a number of actions asset owners can immediately take to overcome current accounting challenges.
By Lamar Johnson • Dec. 5, 2024 -
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Trump’s SEC pick sparks concern from ESG, climate experts
The president-elect picked Paul Atkins for Securities and Exchange Commission chair, who experts expect to prioritize maximizing corporate returns over ESG considerations.
By Zoya Mirza • Dec. 5, 2024 -
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Coca-Cola lowers ambition with new 2035 packaging and sustainability targets
The beverage company introduced two new targets centered on packaging design and collection after use, but did not set a specific emissions reduction goal for 2035.
By Maria Rachal • Dec. 4, 2024 -
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Racial diversity falling among new corporate directors: Conference Board
The Securities and Exchange Commission is considering recommending a rule requiring companies to disclose more about diversity on their boards.
By Jim Tyson • Dec. 4, 2024 -
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Anti-ESG firm Strive launches direct indexing product
The firm said the new option will allow clients greater customization on their investments, “without regard to ESG or DEI restraints.”
By Lamar Johnson • Dec. 3, 2024 -
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BNP Paribas’ asset management arm to exclude new oil and gas bonds
The updated investment strategy comes approximately a year after BNP Paribas Group began refraining from participating in bond issuance by such companies.
By Zoya Mirza • Dec. 2, 2024 -
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BlackRock, Vanguard, State Street sued by Texas, red states
The three firms are accused of forming “a cartel to rig the coal market,” but State Street and BlackRock called the lawsuit “baseless” in separate statements to ESG Dive.
By Lamar Johnson • Updated Dec. 2, 2024 -
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COP29What the US offered on climate action at COP29
The United States’ delegation at the annual climate conference said its federal government was on track to reduce scope 3 emissions by 30% by 2030.
By Zoya Mirza • Nov. 27, 2024 -
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Phillips 66 indicted over alleged wastewater dumping violations in LA
The company is charged with six counts of Clean Water Act violations related to two discharges from the company’s Los Angeles area refineries into the local sewage system.
By Lamar Johnson • Nov. 26, 2024 -
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Climate protesters disrupt Saudi Aramco CFO talk at MIT conference
Saudi Aramco CFO Ziad Al-Murshed’s talk ended abruptly after climate protesters took the stage at the MIT Sloan CFO Summit in suburban Boston.
By Maura Webber Sadovi • Nov. 26, 2024 -
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HSBC sustainability chief to step down Dec. 31
The bank cut the sustainability role from its executive committee in an October reshuffle. HSBC on Monday also named an interim chief risk and compliance officer.
By Gabrielle Saulsbery • Nov. 25, 2024 -
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CalPERS over halfway to $100B climate goal, urged to stop buying Exxon bonds
The fund has invested $3.6 billion in climate solutions since 2023 and pledged another $3.2 billion in related investments.
By Lamar Johnson • Nov. 25, 2024 -
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SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement
In one of his most widely criticized moves, Gensler gained SEC approval this year for a regulation requiring companies to disclose the impact of climate change on their finances, operations and business strategy.
By Jim Tyson • Nov. 22, 2024 -
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Investors urge Coca-Cola, Kraft Heinz, others to provide transparency on products’ health impact
Over 30 investors and asset managers asked top executives from leading food and beverage companies to annually disclose the “healthiness” of their products.
By Zoya Mirza • Nov. 21, 2024 -
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Audit committees expand oversight to ESG, cybersecurity, AI: EY
Nearly four out of five investors said boards should demonstrate expertise in climate, cybersecurity and other risks by detailing their work to limit such hazards, EY said.
By Jim Tyson • Nov. 21, 2024 -
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Starbucks appoints former Mars sustainability exec as CSO
Marika McCauley Sine, who previously served as Mars’ global vice president of sustainability and chief sustainability officer, will oversee the coffee chain’s net-zero transition.
By Zoya Mirza • Nov. 20, 2024 -
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Ben & Jerry’s sues parent company Unilever for stifling its stance on Gaza
The ice-cream maker said Unilever threatened to “dismantle” its independent board and sue its board members if it issued a statement calling for a “ceasefire” in the region.
By Zoya Mirza • Nov. 19, 2024 -
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Vanguard’s updated investor proxy choice program includes anti-ESG voting option
Three new funds have been added to the program, and the firm also included an option for investors who want a “wealth-focused,” anti-ESG voting policy option.
By Lamar Johnson • Nov. 19, 2024 -
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Trader Joe’s first unionized workers still don’t have a contract
More than two years after workers at the grocer's Hadley, Massachusetts, store voted to join Trader Joe’s United, the union has not finalized terms of their employment with the retailer, workers said.
By Sam Silverstein • Nov. 19, 2024 -
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JPMorgan unveils green financing ratio following shareholder proposal
The bank said it spent $1.29 on green solutions for every dollar spent on high-carbon activities in the disclosure prompted by a proposal submitted by NYC Comptroller Brad Lander.
By Lamar Johnson • Updated Nov. 18, 2024 -
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New tool aims to bridge gap between organizations’ sustainability targets and outcomes
The U.S. Green Building Council's digital platform intends to help organizations meet reporting requirements and sustainability goals related to emissions, energy, water and waste.
By Nish Amarnath • Nov. 18, 2024 -
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New York City Employees’ Retirement System joins NZAOA
NYCERS joins the Net-Zero Asset Owner Alliance’s other 88 members that collectively represent $9.5 trillion in assets under management.
By Zoya Mirza • Nov. 15, 2024 -
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Clorox prioritizes supplier decarbonization efforts
The cleaning product manufacturer is partnering with carbon tracking service Manufacture 2030 to gain visibility into its vendors’ emission reduction plans.
By Kelly Stroh • Nov. 15, 2024 -
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Only 16% of global companies on track for 2050 net-zero goals: Accenture
“The fact that so few of the G2000 companies are on track to reach net-zero emissions is alarming,” the director of shareholder advocacy at Trillium Asset Management told ESG Dive.
By Lamar Johnson • Nov. 14, 2024
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