environmental social governance News

SCOTUS Declines to Hear Exxon, Koch Industries Appeal on Venue in Climate Case

The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into …

Judge Refuses to Block Venture Capital Fund’s Grants for Black Women

A federal judge in Atlanta on Tuesday rejected a bid by the anti-affirmative activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies to bar a small venture capital fund from awarding grants to businesses run by …

CEO-Worker Pay Gap Jumps in 2021 at Low-Wage Companies

The pay gap between workers and CEOs at 300 publicly listed U.S. companies with the lowest median wage jumped in 2021, a study from the Institute for Policy Studies (IPS) showed on Tuesday. The average gap was 670 to 1, …

Net-Zero Holdouts That Stick Out Like a ‘Sore Thumb’

While many large corporations have announced ambitious pledges to achieve net-zero emissions by the middle of the century, their commitments vary and the chances all (or even most) will attain their stated goals remains more than unlikely. Still, when one …

Investors Say U.S. SEC Climate Disclosure Rule to Clarify ‘Mixed Bag’ of Data

Investors, including several who run environmentally focused funds, welcomed the U.S. government’s proposed new rule on corporate disclosure of climate-related risks and emissions, saying it would standardize reports that now are voluntary and vary widely in quality and breadth. The …

ESG Litigation Over Social Issues Is Poised to Rise

Climate-related lawsuits like those filed against energy companies Exxon Mobil Corp., Shell Plc and PG&E Corp. have dominated ESG litigation in recent years. But there are signs an increase in cases extending beyond the environmental pillar of ESG may be …