For Snap, kindness has long been a core value, but only last year did the company overhaul its code of conduct to thrust the term to the forefront of its internal communications. Snap was recognized as Compliance Program of the Year at the 2022 Excellence in Compliance Awards.
ESG/Social Responsibility
Posted inBoards & Shareholders
FedEx’s social mission: Diversity drives better business
FedEx’s DEI strides—including becoming a minority-majority employee company in the U.S. for the first time in its history in fiscal year 2018—are not by accident. The company’s long history of hiring a diverse workforce and promoting from within is among the keys to its success.
Posted inBoards & Shareholders
Growth vs. green: FedEx’s environmental balancing act
When FedEx published its first Global Citizenship Report in 2008, its greenhouse gas emissions were already top of mind. Yet, the company has struggled to strike a balance between achieving year-over-year decreases in total emissions while it has expanded in the last decade-plus.
Posted inBoards & Shareholders
‘A marathon, not a sprint’: FedEx carbon-neutral pledge tests longtime ESG efforts
In March 2021, FedEx announced an audacious goal: to achieve carbon-neutral operations globally by 2040. How did the company develop this pledge, and how will it track its progress and hold itself accountable to intermediate goals?
Posted inBoards & Shareholders
Desire for transparency launches FedEx on ESG journey
Since 2008, FedEx has produced detailed reports on its ESG initiatives. The company’s chief sustainability officer discusses the decision-making process behind the first report, determining materiality, and more in Part 1 of this four-part special report, published in partnership with the ICA.
Posted inRegulatory Policy
SEC extends comment period on climate-related disclosure rule
The Securities and Exchange Commission has extended the comment period for its controversial climate-related disclosure rule to allow interested parties more time to consider the issues and share feedback.
Posted inAccounting & Auditing
Need to know: SEC climate-related disclosure attestation requirements
While the Securities and Exchange Commission’s proposed climate-related disclosure rule is being finalized, affected companies should begin considering new attestation requirements for accelerated and large accelerated filers regarding greenhouse gas emissions.
Posted inRegulatory Enforcement
New DOJ office to lead environmental justice efforts
The Department of Justice announced the creation of the Office of Environmental Justice to serve as a “central hub” for a federal environmental enforcement strategy that will pursue cases regarding environmental crime, pollution, and climate change.
Posted inEthics & Culture
FRC report findings suggest overhaul needed for Modern Slavery Act
The U.K. Modern Slavery Act has often been described as “world leading,” yet companies are still failing to meet requirements by providing a statement outlining what they are doing to prevent modern slavery in their businesses and supply chains.
Posted inEthics & Culture
Put principles to practice with ‘Bias Interrupted’
Legal scholar Joan Williams’s book delivers an avalanche of evidence-based research on structural biases in the workplace and teaches how to course correct broken systems over time by interrupting basic business functions now.
