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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-05-11T11:00:00
In March 2021, FedEx Corp. announced an audacious goal: to achieve carbon-neutral operations globally by 2040.
How did the company develop this pledge? How will it track its progress and hold itself accountable to intermediate goals?
Mitch Jackson, FedEx’s staff vice president, environmental affairs and chief sustainability officer, said environmental, social, and governance (ESG) goals start at sustainability impact teams within each of FedEx’s operating companies. Those teams feed ESG initiatives, ideas, and proposals to FedEx’s Enterprise Sustainability Council, which Jackson chairs. The council ultimately reports the chosen ESG initiatives to the Governance, Safety, and Public Policy Committee of FedEx’s board of directors.
“Our philosophy with respect to sustainability and corporate social responsibility is what we call practical sustainability—that being strategic and transformational stewardship adds value to all the stakeholders in our efforts to be more responsible,” Jackson said. “The building blocks of that are performance, transparency, innovation, and leadership.”
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-10-23T15:45:00Z By Adrianne Appel
Banks, credit card companies and other financial mainstays will be required to comply with new data privacy and retail account portability regulations under a sweeping rule issued Tuesday by the Consumer Financial Protection Bureau (CFPB).
2024-10-22T21:18:00Z By Adrianne Appel
Precision Toxicology has agreed to pay $27 million to settle allegations first brought by whistleblowers in three cases, that the company billed the federal government for unnecessary drug tests and paid kickbacks to doctors, the Department of Justice (DOJ) said.
2024-10-22T16:08:00Z By Aaron Nicodemus
Fund management company WisdomTree will pay $4 million to settle allegations by the Securities and Exchange Commission that it improperly invested in fossil fuel and tobacco companies in environmental, social and governance (ESG) funds despite promising to avoid them.
2024-08-19T13:29:00Z By Aaron Nicodemus
Multiple emerging environmental, social, and governance and disclosure standards pose legal and operational risks to many companies, but also opportunities to improve reporting and get ahead of requirements, a new report found.
2024-07-03T18:17:00Z By Ruth Prickett
Dominic Buckwell, general counsel and compliance head at global marine container leasing company Seaco, discussed key themes including anti-money laundering, sanctions, and why the industry needs common environmental reporting standards.
2024-04-09T18:24:00Z By Aaron Nicodemus
Environmental, social, and governance goals have gained acceptance from senior leadership because of upward pressure from employees, investors, and customers, according to compliance leaders speaking at Compliance Week’s 2024 National Conference.
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