Finance: Page 18
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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 -
Spencer Platt/ESG Dive, data from Getty Images
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 Lamar Johnson • Oct. 9, 2023 -
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 -
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 Lamar Johnson • Sept. 18, 2023 -
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 Zoya Mirza • Sept. 11, 2023 -
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 Lamar Johnson • Sept. 1, 2023 -
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 -
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 -
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 -
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
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