Fund Managers to Get New Risk Management Tool: ESG Investing
The International Accounting Standards Board, whose rules are used in some 169 jurisdictions across the globe, is due to have a finalized set of examples by October to show companies how to disclose the impact of a hotter planet on P&L items including impairments and provisions.
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Forbes
30 minutes ago
- Forbes
$372K In Lobbying And A Push For Family Rights From An Unlikely Ally
Some companies engage in lobbying that has little to do with the needs of their customers. Often, the focus is on protecting profit margins, preserving market share, or avoiding costly operational changes. That can mean pushing to loosen safety or transparency rules, resisting reforms that raise production costs, or reshaping legal definitions to fit what the company already offers. Publicly, these brands may speak the language of social responsibility; privately, their policy positions preserve loopholes, delay progress, or keep competitors out. Every so often, a company does the opposite. It uses its influence to advocate for customer needs, not just its bottom line. This is rare. And in 2025, one of the most surprising examples came from a brand better known for dating culture than family policy. Grindr Enters the Policy Arena With Purpose Grindr, widely recognized as a dating app, stepped into the policy arena with purpose. In the second quarter of 2025, the company spent $372,000 on lobbying for expanded access to surrogacy and IVF, tax deductibility for related expenses, and updated legal definitions of reproductive healthcare. CEO George Arison, who has two children through surrogacy, had a personal stake in the work. That spring, Grindr brought its lobbying in-house, creating a government affairs team to lead the charge. Its priorities: make it easier and more affordable for same-sex couples to build families through surrogacy and IVF, expand the tax code's definition of reproductive healthcare, and support HIV prevention and treatment programs. In December 2024, Grindr announced a $300,000 family-building benefit spread over five years and available to each eligible employee. Administered by Carrot Fertility, the program covers 80% of costs for adoption, surrogacy, and fertility treatments. It also includes hormonal healthcare such as menopause care and low testosterone treatment. Paired with 20 weeks of paid parental leave and a hybrid work model, it's one of the most comprehensive packages in the tech sector. Lobbying Backed by Bipartisan Engagement A company spokesperson told Forbes: 'We have been working hard to educate lawmakers on the issue on a bipartisan basis, and have also directly engaged the Trump Administration at the cabinet level to encourage regulatory updates that could allow for a broadened definition of eligible reproductive healthcare expenses and empower businesses to support all families – LGBTQ+ couples, individuals with health conditions, and other hopeful parents in creating the families of their dreams.' The gap is significant. U.S. tax law still largely blocks same-sex couples from deducting surrogacy expenses, and even IVF costs linked to surrogacy often don't qualify. Most employer health plans exclude surrogacy entirely even if they cover some IVF treatments. Some explicitly exclude any surrogacy-related medical care. The result: even 'family-friendly' employers can't close the gap without creating their own benefit programs. Redefining a 'Family-Friendly' Company Since January, a quarter of eligible Grindr employees have enrolled. One employee and his husband are expecting their first child. For Arison, the effort is personal and policy-driven: 'I'm very lucky to have two kids through surrogacy… I believe that small, targeted changes in public policy – such as making all surrogacy expenses, which are ultimately medical expenses, tax deductible – could make it far easier and more affordable for gay men to have children. In the meantime, I wanted Grindr to play a role by leading on what we offer employees and advance such policies on a larger scale.' By combining lived experience, robust internal benefits, and strategic lobbying alongside direct advocacy, Grindr challenges the idea that family-building benefits belong to a certain kind of company. It shows how corporate influence can widen the path to parenthood, making it accessible to more people, in more ways, than most would imagine.
Yahoo
33 minutes ago
- Yahoo
In this economy, even the affluent are a ‘more cautious consumer,' Sweetgreen CEO warns. Chipotle and Cava are hurting too
Chipotle, Cava, and Sweetgreen are all confronting a marked consumer spending slowdown in 2025, evident in disappointing sales, flat or declining customer traffic, and lowered forecasts. This reflects a broader malaise in the fast-casual sector, where value-driven diners are pulling back, and macroeconomic headwinds are pressuring even the strongest brands. Chipotle same-store sales , steered by a 4.9% fall in transactions despite modest check averages ticking up. CEO Scott Boatwright directly linked the decline to consumer caution. 'I think the underlying trend … is really tied to the consumer sitting on the sideline,' he said, citing increased price sensitivity, an uncertain economic climate, and the challenge of lapping last year's promotional successes. 'Many are preserving cash because of the unknown, or potential consequences, downstream consequences, intended or unintended from the current administration. And so you're seeing a pullback, a market pullback, at present.' Economic trends prompted Chipotle to lower its full-year projections. Leadership is focusing on new marketing initiatives and menu innovation to recapture traffic, but remains cautious about the economic environment. Cava Q2 same-restaurant sales , a steep fall from prior years, with traffic essentially flat and growth driven mainly by pricing and menu mix. CFO Tricia Tolivar said macro volatility and consumer reticence weighed on traffic. In interviews around their earnings call, company leaders emphasized the 'fog and uncertainty' facing customers and cited weakened confidence and comparisons to a very strong prior year as primary factors behind the guidance cuts. Sweetgreen Q2 same-store sales sank 7.6%; traffic was down 10.1%. Despite menu pricing moves, revenue barely grew and losses widened. Full-year outlooks were lowered again, now projecting a 4%–6% decline in same store sales. CEO Jonathan Neman said: 'I think it's pretty obvious the consumer is not in a great place overall' and the poor results reflect 'the convergence of several external headwinds and internal actions' including a 'more cautious consumer environment.' Company leaders also pointed to slumping office lunch demand in urban cores and consumer desire for deeper value at higher prices. What's driving this? Major drivers of the slowdown across these chains: Economic uncertainty, value hunger: Consumers are cautious. Price sensitivity is widespread, including among higher-income diners, while economists cite recession risks and tariff concerns as pressuring discretionary spending. Persistent inflation and elevated costs: Many customers 'feel the pinch' of inflation, resisting frequent dining out and gravitating toward deals or groceries. Workplace shift: Chains heavily reliant on urban office lunches (notably Sweetgreen) struggle as hybrid work persists, shrinking prime business for those locations. Tough comparisons: Last year's popular menu launches created unusually difficult sales benchmarks for Chipotle and Cava this year. Tariffs & consumer headwinds: New tariffs and related cost pass-throughs have intensified price pressures, with several company execs noting it as a material macro threat. The bigger consumer picture Fortune's previous reporting highlights several themes: 'Budget shopping era:' Americans are still spending, but with greater scrutiny, prioritizing deals and essentials above discretionary splurges. Restaurant chains have slowed price increases and beefed up value promotions, but many lower- and middle-income guests remain 'on the sideline.' Cautious optimism is being replaced by worry—about tariffs, cost increases, and the risk of recession—as 33% of U.S. households are now actively trimming budgets for restaurants and other extras. 'Fun-seeking' spending is falling not by choice, but by necessity, as rising debt and job-market jitters erode confidence; therefore, restaurant chains must lean hard on customer loyalty and value incentives. Chipotle, Cava, and Sweetgreen are each navigating a fraught, value-obsessed consumer landscape where inflation, hybrid work, tariff anxiety, and changing spending priorities are dulling appetite for $12–$16 lunches. Even high-income customers are demanding better value. Company leaders are on record maintaining cautious, if proactive, outlooks—emphasizing value, digital engagement, and menu innovation—but industry-wide headwinds and caution suggest a bumpy road ahead. For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
35 minutes ago
- Yahoo
SUNation Energy: Q2 Earnings Snapshot
RONKONKOMA, N.Y. (AP) — RONKONKOMA, N.Y. (AP) — SUNation Energy Inc (SUNE) on Friday reported a loss of $9.6 million in its second quarter. On a per-share basis, the Ronkonkoma, New York-based company said it had a loss of $3.14. The broadband network services company posted revenue of $13.1 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SUNE at
