Disney is facing a proxy battle from investor Nelson Peltz, who wants a seat on the board and changes in the company. Peltz has support from some shareholders, but Disney Chairman Bob Iger is confident in winning the vote. The battle has forced Disney to make changes, including decentralizing decision-making and addressing succession planning. Iger believes Disney will emerge stronger from the battle and continue its growth.
The SEC's new rule mandates certain U.S. public companies to disclose climate risks and greenhouse gas emissions, fostering transparency in climate-related matters. However, the final rule excludes reporting of "Scope 3" emissions, a significant aspect of a company's carbon footprint. While aimed at providing investors with relevant information, the rule's lack of inclusivity limits its effectiveness. Challenges to the rule are expected due to the SEC's perceived authority over climate issues.
