Sustainability: Page 2
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International, domestic energy policies should embrace gas as transition fuel: EFI report
Natural gas exports from the United States help to support energy security, equity and sustainability around the globe, said EFI Foundation CEO Ernest Moniz, who served as U.S. Secretary of Energy under President Obama.
By Robert Walton • May 6, 2024 -
Frontier signs $58.3M deal with bio-waste carbon removal startup Vaulted Deep
The deal will allow Frontier, backed by Stripe, Alphabet, Meta and others, to remove 152,480 tons of carbon dioxide between 2024 to 2027.
By Zoya Mirza • May 3, 2024 -
Trendline
Sustainability initiatives gain traction against backdrop of climate disclosure rules
Several companies have already committed to achieving net-zero emissions by 2050 and many have also set near-term targets to curb their carbon footprint by the end of the decade.
By ESG Dive staff -
BlackRock shareholders urged to oppose Aramco CEO’s board re-appointment
The New York City Comptroller said Aramco and BlackRock’s prior business relationships compromise Amin Nasser’s ability to serve as an independent member of the board.
By Lamar Johnson • May 2, 2024 -
EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply
Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.
By Zoya Mirza • May 2, 2024 -
Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW
Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.
By Ethan Howland • May 2, 2024 -
Indigenous rights, climate proposals receive votes at Citi, Wells Fargo meetings
A proposal for banks to examine their policies on mitigating risks to Indigenous Peoples rights received 26% support at Citi. Wells Fargo declined to share preliminary results.
By Lamar Johnson • May 1, 2024 -
EY acquires Denkstatt to boost sustainability consulting services
The two consulting firms will collaborate to provide clients ESG-relevant services such as emissions reporting, circular economy strategies and sustainability assessments.
By Zoya Mirza • May 1, 2024 -
Citi achieves $441B of its $1 trillion sustainable finance 2030 goal: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
By Lamar Johnson • April 30, 2024 -
Deep Dive
Is plant-based meat more sustainable? Experts question the data
Researchers have struggled to replicate life-cycle assessments commissioned from companies like Beyond Meat and Impossible Foods, and are calling for more transparency.
By Nithin Coca • April 30, 2024 -
UN-led panel to tackle ESG issues with new guidelines for ‘critical minerals’ mining
The panel’s goals align with the Paris Agreement and the United Nations’ 2030 agenda for sustainable development, one of its co-chairs said.
By Zoya Mirza • April 29, 2024 -
UN’s Net-Zero Insurance Alliance disbands and rebrands
Following the departure of several high-profile members in 2023, NZIA is no more. Its work will be continued by a new Forum for Insurance Transition to Net Zero.
By Lamar Johnson • April 29, 2024 -
IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism
“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said Ray Long, CEO and president of the American Council on Renewable Energy.
By Diana DiGangi • April 29, 2024 -
BlackRock, Temasek decarbonization venture raises $1.4B
Decarbonization Partners surpassed its initial goal of $1 billion for its first late-stage venture capital fund.
By Lamar Johnson • April 26, 2024 -
Citizens Bank funds green jobs program for New York’s offshore wind sector
The bank’s philanthropic arm will commit $600,000 over two years to financially support Brooklyn-based youth in pursuing careers in the renewable energy sector.
By Zoya Mirza • April 26, 2024 -
EPA finalizes fossil-fueled power plant emission rules
Electric utilities called the power plant rules “disappointing” and “unlawful” and say the rules will create reliability and affordability challenges.
By Robert Walton • April 26, 2024 -
Human rights and environmental legislation approved by European Parliament
The Corporate Sustainability Due Diligence Directive holds companies and supply chain partners accountable for ESG compliance.
By Lauren Schenkman • April 26, 2024 -
Reformation reports spike in direct emissions, misses 2023 carbon intensity target
The apparel company known for pioneering sustainable practices said it aims to slash its scope 1 and 2 emissions by 42% by 2030, compared to a 2021 baseline.
By Zoya Mirza • April 25, 2024 -
BofA, Goldman clean energy ratio proposals fail, despite some shareholder support
The resolutions failed to pass despite over a quarter of voters supporting them before each of the banks' boards.
By Lamar Johnson • April 25, 2024 -
The data on climate change’s link to employee deaths, injuries
Exposure to extreme heat, ultraviolet radiation and air pollution poses a serious threat to workers globally, the International Labour Organization said.
By Ryan Golden • April 25, 2024 -
JPMorgan warns clean energy transition could take ‘decades or generations’
New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.
By Zoya Mirza • April 24, 2024 -
GM Energy rolls out its first vehicle-to-home EV charging products
The bidirectional charging technology allows an electric vehicle’s battery to provide backup power to homes.
By Eric Walz • April 24, 2024 -
Shell investor to back climate resolution at oil giant’s annual meeting
The news comes shortly after Shell asked investors to reject the sustainability demands put forward by activist investor Follow This.
By Zoya Mirza • April 23, 2024 -
General Mills plans to cut dairy emissions 40% by end of decade
The cereal giant is more than halfway to its goal of enrolling 1 million acres in its regenerative agriculture plan, according to the latest corporate sustainability report.
By Chris Casey • April 23, 2024 -
New York nixes 3 offshore wind projects
The canceled projects represented 4 GW of provisionally awarded capacity, setting the state back in its goal to deploy 9 GW of offshore wind by 2035.
By Diana DiGangi • April 23, 2024 -
Unilever to scale back ESG pledges focused on plastic usage and diversity
The company’s decision to dial down its sustainability strategy comes shortly after it unveiled ambitious plans to curb its carbon footprint last month.
By Zoya Mirza • April 22, 2024