Championing Authenticity: The Call for Genuine Corporate Sustainability
Published: 2024-03-06Greenwashing is when companies pretend to be eco-friendly but actually harm the environment. SandRidge Energy, Inc. and GeoPark Limited have been called out for caring more about money than sustainability.
SandRidge Energy, Inc. focuses on making money and investing in projects, making people wonder if they truly care about the environment. GeoPark Limited has done well financially and received recognition for ESG efforts, but people doubt the depth of their sustainability work.
The U.S. Securities and Exchange Commission is pushing for companies to be honest about their impact on the environment. However, many businesses and investors are hesitant to share their environmental efforts, which could lead to misleading information.
In the tech industry, companies like Innodata, Upstart Holdings, and Zillow have been in trouble for overstating their AI abilities. This shows that dishonest practices are common.
Some suggest tying CEO pay to sustainability goals to encourage companies to be more eco-friendly. But there are concerns about how to make this work and if it will actually make a difference, risking ESG efforts being used as a cover-up.
Being open, responsible, and taking real action for sustainability is important. People want companies to be honest and do the right thing for the environment to fight greenwashing and ensure a sustainable future.
https://www.prnewswire.com/news-releases/sandridge-energy-inc-announces-financial-and-operating-results-for-the-quarter-and-year-ended-december-31--2023--0-11-per-share-cash-dividend-and-2024-guidance-302082103.htmlRelated news on 2024-03-06
- hotair.com: Corporate Carbon Crock of Crap Cracking
- mondovisione.com: Enhancing And Standardizing Climate - Related Disclosures For Investors , SEC Commissioner Jaime Lizrraga , March 6 , 2024
- businesstimes.com.sg: Firms that peg CEO pay to ESG goals must be clear how it fits with their strategy , ESG
- streetinsider.com: GeoPark Reports Fourth Quarter and Full - Year 2023 Results
- jdsupra.com: Increase in Securities Litigation and Regulatory Scrutiny Concerning Artificial Intelligence | Patterson Belknap Webb & Tyler LLP
- marketscreener.com: Kodiak Gas Services Reports Fourth Quarter and Full Year 2023 Results ; Achieves Record Annual Revenues and Adjusted EBITDA ; Provides Full Year 2024 Guidance
- theepochtimes.com: Peter Thiel Fellowship Program Taps Into Broad Disenchantment With Academia , Experts Say
- prnewswire.com: SANDRIDGE ENERGY , INC . ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31 , 2023 , $0 . 11 PER SHARE CASH DIVIDEND , AND 2024 GUIDANCE
- marketscreener.com: Savaria finished FY2023 with its strongest quarter and year ever
- theepochtimes.com: Why Ottawa Economic Plan to Excel in EV Industry May Flop : Economist