Shareholders representing more than $1 billion in ExxonMobil shares asked the U.S. Securities and Exchange Commission to reject the oil giant’s plan to block a climate change shareholder resolution.
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Is the energy transition stalling? Two months after COP21, it is time to separate news from trends. The oil price is down; the U.S. Supreme Court blocked the Obama administration’s carbon-emissions plan; and Germany is (understandably) focused on the Syrian refugee crisis, diverting attention away from its energy transition. Notwithstanding, the train has left the station. It would be a mistake to underestimate the power of technology and innovation to keep driving nonlinear change toward a low-carbon economy.
A group of shareholders called the ‘Aiming for A’ investor coalition is asking three giant mining companies to be more transparent about climate risk.
Dark pools? If it seems as if the names of financial-trading systems are getting murkier these days, you’re not alone. But the SEC and the New York attorney’s office have taken up the task of clearing the water for investors. Last month, regulators convinced Barclays and Credit Suisse to join the long list of financial institutions now accused of misleading investors in dark pool systems. The settlement garnered another $150 million for fed and state coffers and an admission of guilt from Barclays. But will it be enough to head off any more financial trainwrecks?
Late last week, President Obama announced he would include a $10 per barrel tax on oil in the FY2016 budget that his administration is proposing to Congress. The oil industry is saying, “No way.”
ExxonMobil is trying to exclude a climate change proposal from this year’s proxy ballot, and if the oil and gas giant succeeds, its shareholders won’t be able to vote on the proposal at the company’s annual general meeting on May 25.
Change isn’t an easy process in any organization. The challenge for many CSOs is getting their boards and corporate leadership to think beyond short-term quarterly and yearly earnings and realize the substantial value that sustainable thinking can have on mid- to long-term growth.
Positive Luxury unveils trends and makes predictions for sustainability in the luxury industry. Global conditions, changing consumer expectations and a modern business landscape require sustainability as an industry priority.
Following one of the key announcements at COP21, a climate disclosure task force was set up by the Financial Stability Board at the request of the G20, to introduce industry-led corporate reporting of climate risks.
BP is reporting a total loss of $6.5 billion during FY2015 — $2.2 billion last quarter alone — with the company expecting to fire 7,000 workers by the end of 2017, or 8.2 percent of its global workforce.
The Business Benchmark on Farm Animal Welfare 2015 Report brings the topic of how animals are treated to the ongoing industry discussion of corporate responsibility.
The Paris Agreement and SDGs integrate the highest aspirations of the world community, defining the path for a world in transformation. Every sector of global society is called upon to be part of the process. For CEO Michael Meehan, engaging this multi-stakeholder approach is the foundation for the future of GRI and sustainability reporting in the context of our transformative economy.
“The New Deal on Energy for Africa sets the ambitious target of universal access by 2025, which means bringing modern energy to 900 million people in sub-Saharan Africa,” said Akinwumi Adesina, president of the African Development Bank Group.
For more than 25 years, a group of merchant women dubbed Las Tías (“the aunts) have provided vocational training and other services to the children of Leon, the capitol of Nicaragua’s civil war.
How can smaller-scale, fair-trade suppliers like Guayaki’s yerba mate farmers get the financing they need to meet market demand? Social finance and fair trade leaders are working on solutions to this critical funding gap.