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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-05-12T11:00:00
In 2008, when FedEx Corp. published its first Global Citizenship Report, its greenhouse gas (GHG) emissions were already top of mind.
“As a leader in the transportation industry and in the aviation sector, we realize that we must rethink our approach to fuel consumption and have been working in this regard for some years,” the report said. “Reducing our reliance on fossil fuels is not just a matter of environmental sustainability but of economic necessity.”
Then and now, FedEx’s biggest impact on global warming emits from its fleet of airplanes. In fiscal year 2007, 82 percent of FedEx’s direct (Scope 1) GHG emissions were derived from its fleet of 677 aircraft.
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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.
2024-12-24T13:00:00Z By Jeff Dale
Whether you’re a multinational telecommunications company looking to certify your anti-corruption program post-settlement, or a biochemical company victimized by a “rogue” employee, seeing the light at the end of the enforcement tunnel isn’t always easy.
2024-12-23T19:08:00Z By Jeff Dale
Bank of America avoided a monetary penalty in agreeing to settle charges with the Treasury Department’s Office of the Comptroller of the Currency but was ordered to shore up previously disclosed deficiencies in its Bank Secrecy Act/anti-money laundering (BSA/AML) and sanctions compliance programs.
2024-12-23T12:00:00Z By Aaron Nicodemus
Aviation maintenance services provider AAR Corp. will pay nearly $56 million to settle charges that it violated the Foreign Corrupt Practices Act when it paid bribes to government officials in Nepal and South Africa.
2024-10-25T15:38:00Z By Ruth Prickett
Supply chains are about to become the next big thing in sustainability compliance. However, many organizations still lack the data and assurance capabilities to track sustainability and human rights activities across their extended supply chains – which is required by the EU’s CS3D. Many others that fall out of scope ...
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.
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