Asset managers’ support for shareholder resolutions aimed at tackling social and environmental issues crashed to a new low in 2024, with only 1.4% (just 4 out of 279) receiving majority support down from 21% in 2021, ShareAction’s latest research shows. Asset managers who blocked corporate action by voting against shareholder resolutions to protect human rights, nature and climate included the…
TNFD Launches Platform to Upskill Professionals on Nature-related Reporting
The Taskforce on Nature-related Financial Disclosures (TNFD) announced the launch of a new capacity-building platform, aimed at upskilling professionals and businesses to help them identify, assess, report and act on nature-related issues. The TNFD was launched in 2021, building on the success of the Task Force on Climate-related Financial Disclosures (TCFD), to support organizations in reporting and acting on their nature-related…
Nestlé, Mars to Fund Incentives for Farmers to Cut Dairy Supply Chain Emissions
Food, beverage and snacking companies Nestlé and Mars announced new agreements with New Zealand-based dairy cooperative Fonterra, which will see the companies funding incentives to farmers to lower emissions, and reduce the climate footprint of their dairy supply chains. Both Nestlé and Mars have set targets to achieve net zero emissions across their value chains by 2050. Dairy products constitute…
IKEA Parent Company Releases Net Zero Transition Plan
IKEA parent INGKA Group announced the release of its Net Zero Transition Plan, outlining the company’s key actions and strategies for achieving its goals to reduce greenhouse gas (GHG) emissions across its value chain by 50% by 2030, and to reach net zero by 2050. The new transition plan sets out a detailed roadmap for Ingka Group, which operates 400…