Social Responsibility: Page 7
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Citi boosts paid parental leave to match industry peers
The bank is giving birth mothers an additional eight weeks of recovery time, bringing total leave to 24 weeks, in line with policies by Morgan Stanley and Barclays.
By Dan Ennis • June 5, 2024 -
Mario Tama / Staff via Getty Images
Bank of America tweaks its restriction on firearms, energy lending
New language indicates lending decisions go to senior risk officials for case-by-case evaluation, rather than being a non-negotiable “no.”
By Dan Ennis • June 3, 2024 -
Spencer Platt via Getty Images
UN agency launches ESG metrics to measure workplace reproductive health care access
The UNFPA unveiled a slate of ESG indicators organizations can use to measure their performance across various sexual and reproductive issues being faced by their employees.
By Zoya Mirza • May 30, 2024 -
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Why is the gender pay gap widening in STEM?
While the reasons for the gap remain stubborn problems, job search engine Adzuna hypothesizes that this specific issue is a result of the pandemic.
By Jen A. Miller • May 30, 2024 -
Justin Sullivan via Getty Images
Google, Meta, Microsoft, Salesforce launch coalition to contract carbon removal credits
The Symbiosis Coalition aims to purchase up to 20 million tons of nature-based carbon removal credits for the tech companies by 2030.
By Zoya Mirza • May 29, 2024 -
franckreporter via Getty Images
JPMorgan, Morgan Stanley shareholders modestly support Indigenous rights, climate proposals
While voters did not approve shareholder resolutions at either meeting, the results displayed similar, if not greater, support as nearly identical proposals at other large U.S. banks.
By Lamar Johnson • May 24, 2024 -
Courtesy of Shein
Shein factory employees work long hours under poor conditions: report
Following allegations from human rights group Public Eye, the fast fashion giant said it invests tens of millions of dollars into strengthening its supply chain governance and compliance.
By Laurel Deppen • May 21, 2024 -
Courtesy of Red Hat
Red Hat’s DEI program discriminatory, lawsuit says
A senior manager says he was fired for being white and male and retaliated against for his merit-based hiring advocacy.
By Robert Freedman • May 13, 2024 -
Oli Scarff via Getty Images
Barclays pressed on climate commitments and Gaza at annual meeting
The bank was asked to pull back financing for its North American fracking operations during the meeting as it faced protests over its alleged ties to the war in the Middle East outside the venue.
By Zoya Mirza • May 10, 2024 -
Michael M. Santiago via Getty Images
Former Google workers file labor board complaint, say protest-related firings were illegal
The ex-employees said the tech giant violated their labor rights when firing at least 28 employees for protesting against its cloud services contract with the Israeli government.
By Lamar Johnson • May 3, 2024 -
Adeline Kon/ESG Dive
No longer ‘en vogue’? What to do when DEI has fallen out of favor
For those committed to nonhostile work environments, the task of centering inclusion and belonging has become more difficult. Here’s how to get DEI back on track at your organization.
By Caroline Colvin • May 3, 2024 -
Chip Somodevilla via Getty Images
Indigenous rights, climate proposals receive votes at Citi, Wells Fargo meetings
A proposal for banks to examine their policies on mitigating risks to Indigenous Peoples rights received 26% support at Citi. Wells Fargo declined to share preliminary results.
By Lamar Johnson • May 1, 2024 -
Ryan Golden/ESG Dive
EEOC finalizes harassment guidance, addressing remote work and gender identity
Harassment can include “outing” individuals, misgendering, and prohibiting workers from using sex-segregated bathrooms consistent with their gender identity, the agency said.
By Emilie Shumway • May 1, 2024 -
Chris Hondros / Staff via Getty Images
Citi achieves $441B of its $1 trillion sustainable finance 2030 goal: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
By Lamar Johnson • April 30, 2024 -
Ulet Ifansasti via Getty Images
UN-led panel to tackle ESG issues with new guidelines for ‘critical minerals’ mining
The panel’s goals align with the Paris Agreement and the United Nations’ 2030 agenda for sustainable development, one of its co-chairs said.
By Zoya Mirza • April 29, 2024 -
Kate Tornone/ESG Dive
Citizens Bank funds green jobs program for New York’s offshore wind sector
The bank’s philanthropic arm will commit $600,000 over two years to financially support Brooklyn-based youth in pursuing careers in the renewable energy sector.
By Zoya Mirza • April 26, 2024 -
Leon Neal via Getty Images
Human rights and environmental legislation approved by European Parliament
The Corporate Sustainability Due Diligence Directive holds companies and supply chain partners accountable for ESG compliance.
By Lauren Schenkman • April 26, 2024 -
Munoz Alvarez/Getty Images via Getty Images
The data on climate change’s link to employee deaths, injuries
Exposure to extreme heat, ultraviolet radiation and air pollution poses a serious threat to workers globally, the International Labour Organization said.
By Ryan Golden • April 25, 2024 -
Craig Barritt via Getty Images
Unilever to scale back ESG pledges focused on plastic usage and diversity
The company’s decision to dial down its sustainability strategy comes shortly after it unveiled ambitious plans to curb its carbon footprint last month.
By Zoya Mirza • April 22, 2024 -
Sean Gallup via Getty Images
Apple reports it’s halved emissions since 2015 for goal of carbon neutrality by 2030
The Cupertino, California-based tech giant also set new 2030 goals for clean energy and clean water last week.
By Lamar Johnson • April 22, 2024 -
Justin Sullivan via Getty Images
Nestlé rejects proposal to cut reliance on unhealthy products
The Swiss multinational said ShareAction was “targeting the wrong company” with its proposal as it was already making headwinds with its health and nutrition-related goals.
By Zoya Mirza • April 19, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
Centralized HR can reduce racism in hiring, study shows
Researchers submitted 84,000 applications using racially distinctive names and found that racism was more prevalent when callbacks came from individual hiring managers and local stores.
By Carolyn Crist • April 19, 2024 -
Christian Alminana via Getty Images
Formula 1 ‘on track’ to reach net-zero status by 2030 after emissions reduction: report
The international racing body said its carbon footprint decreased by 13% from 2018 to 2022.
By Zoya Mirza • April 18, 2024 -
Brandon Bell via Getty Images
Two-thirds of ‘sustainable’ passive funds are supporting fossil fuel expansion: Reclaim Finance
Greenwashing threatens efforts to advance sustainability goals, researchers from the climate nonprofit say.
By Suman Bhattacharyya • April 8, 2024 -
Zoya Mirza/ESG Dive
Regulation compliance and curbing emissions were key themes at Responsible Business USA 2024
Panel discussions centered on decarbonizing supply chains, navigating a complex political climate, preparing emissions disclosures and more.
By Zoya Mirza • April 3, 2024
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