Finance: Page 18

  • A lone hiker walks in the foreground while in the background steam and exhaust rise from a power plant on a cold winter day in Oberhausen, Germany.
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    FASB tightens draft environmental credit rule’s scope

    The U.S. standard setter is developing the first accounting guidance to directly apply to certain environmental credits.

    By Maura Webber Sadovi • Oct. 11, 2023
  • The headquarters of BlackRock in Manhattan.
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    Spencer Platt/ESG Dive, data from Getty Images
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    BlackRock creates net-zero investment after axing pair of ESG funds

    The asset management firm has shifted resources to climate-specific funds after the SEC updated the “Names Rule” to increase accountability on ESG funds.

    By • Oct. 9, 2023
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    Getty Images via Getty Images
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    75% of companies unprepared for coming ESG audits: KPMG

    As regulators worldwide begin to mandate ESG disclosures, only 25% of companies are ready for audits of their reports, KPMG said.

    By Jim Tyson • Sept. 26, 2023
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    Igor Kutyaev via Getty Images
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    22 Republican state attorneys general accuse a financial services climate alliance of potential antitrust violations

    The letter, led by Tennessee Attorney General Jonathan Skrmetti, alleges the Net Zero Financial Services Providers Alliance’s market influence could “deprive disfavored companies of economic opportunities.”

    By • Sept. 18, 2023
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    Chip Somodevilla via Getty Images
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    ESG ratings fluctuate for asset managers: Morningstar

    Three U.S.-based firms saw their grades move up, while UBS Asset Management slipped following its merger with Credit Suisse.

    By • Sept. 11, 2023
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    Mario Tama/Getty Images via Getty Images
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    Vanguard joins BlackRock in pouring cold water on ESG proposals

    The nation’s two largest asset management firms supported fewer environmental and social proposals in 2023, as companies voted on a record number of ESG proposals.

    By • Sept. 1, 2023
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    Alex Potemkin via Getty Images
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    Deep Dive

    Who will pay to decarbonize the supply chain?

    Some brands are helping their suppliers reduce greenhouse gas emissions. Others are dumping new requirements on vendors without shouldering any of the costs.

    By Ben Unglesbee • Aug. 15, 2023
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    Fahroni via Getty Images
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    6 CFO tips for handling the backlash against ESG

    The ESG backlash has compelled companies to alter their sustainability strategies, including ensuring close alignment with core business goals, the Conference Board said.

    By Jim Tyson • Aug. 9, 2023
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    Record number of ESG shareholder proposals go to a vote

    As of June 30, approval rates for shareholder proposals focused on environmental and social issues fell compared to all of 2022, Diligent Market Intelligence said.

    By Jim Tyson • Aug. 4, 2023
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    Newbird via Getty Images
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    Sustainability can boost bottom line: Brand Finance

    Companies that fail to live up to consumers’ perceptions of their ESG performance put hundreds of millions in value at risk, according to Brand Finance.

    By Jim Tyson • June 30, 2023