The Latest
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CalSTRS taps Ninety One to manage $150M sustainability mandate
The California State Teachers’ Retirement System is appointing the investment firm’s decarbonization-focused Global Environment Strategy to oversee the mandate.
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IBM acquires Prescinto to bolster renewable energy asset management capabilities
The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.
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Sustainable materials firm Modern Meadow names new CEO
David Williamson will take on the top spot after previously serving as president and COO.
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JPMorgan Chase, Capital One commit $260M to Arizona solar project
The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.
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Meta joins DOE initiative, pledges $35M for carbon removal projects
The tech conglomerate said the funding is a “direct response” to the Department of Energy’s carbon removal purchase program launched earlier this year.
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Real estate firm CBRE acquires NRG Energy’s renewable advisory group
The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.
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CFTC issues final voluntary carbon market guidance
The final guidance includes standards to ensure carbon credits are not subject to manipulation and have their contract terms monitored.
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DOE allocates $43M+ to advance industrial decarbonization technologies
The projects selected for the funding are expected to have implications for operators of industrial and commercial buildings, a U.S. Department of Energy official says.
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Female CFOs, CEOs at big companies outearn male counterparts
Women have made gains in recent decades at companies of all sizes but are far from attaining parity in all ways with men in the workplace, according to recent reports.
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Big Oil loses bid to dismiss California greenwashing lawsuits
The Superior Court of San Francisco County denied a motion filed by major oil producers to dismiss climate-related suits filed in California based on the court lacking “personal jurisdiction.”
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ExxonMobil, Texas ink deal for nation’s largest offshore CO2 storage site
The deal will allow the energy giant access to more than 270,000 acres of submerged land to store carbon dioxide under the surface of the Gulf of Mexico.
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Deep Dive
This summer saw many DEI rollbacks. What now?
Heading into 2025, three DEI experts weigh in.
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CEOs from Ikea, Nestlé, H&M, others rally for climate action ahead of COP29
The letter, signed by senior executives from over 100 corporations, calls on governments and businesses to collaborate to address challenges related to climate risk mitigation.
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Amazon announces trio of climate fund investments for e-waste, low-carbon construction
The tech giant’s climate pledge fund participated in funding rounds for startups it believes will accelerate its path to net-zero by 2040.
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Gas utility faces climate deception lawsuit by Oregon county
It's the first time a U.S. community has sued a gas utility for allegedly deceiving the public about the climate impacts of fossil fuels, advocates say.
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Greenwashing cases fall for first time in 6 years, but high-severity filings surge: report
“There's certainly a global undercurrent of ‘greenhushing,’ so companies are being more cautious about how they communicate,” RepRisk’s chief commercial officer said.
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Uber rolls out climate-focused features, updates to drive sustainability progress
The ride-share giant’s expanded green product suite will allow users to hail more electric vehicles and track the amount of emissions they avoid by choosing sustainable transport options.
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Opinion
4 ways tech can help CFOs navigate a tricky ESG landscape
This year has marked the beginning of a groundswell of enhanced, regulated reporting on sustainability and climate data, writes Persefoni’s Emily Pierce.
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US energy transition path currently in line with 2.6 degrees Celsius temperature rise: BNEF
The nation is currently on track to cut just 22% of its carbon emissions by 2030, compared to the 50% needed to reach its Paris Agreement goals.
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Skills gap looms for energy efficiency jobs tied to net-zero emission goals: IEA
Dialogue among policymakers, employers and labor unions will play a critical role in training workers for skills relevant to the jobs being offered, a new International Energy Agency report says.
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Starbucks buys more innovation farms to create climate-proof coffee
Farmers in Costa Rica and Guatemala will test drones and hybrid crop varieties as the coffee company aims to address some of the region’s most pressing climate challenges.
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US banks largely lagging on implementing best practices for net-zero: Exclusive
“What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.
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Consumers are confused by packaging sustainability claims
Between greenwashing, confusing terminology and a lack of information, a lot gets lost in translation, according to speakers from the National Retail Federation, NielsenIQ and others at recent industry events.
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Companies signal pullback on Israel-Gaza philanthropy: Conference Board
As the conflict enters its second year, some companies will likely wind down funding commitments amid concern about backlash to corporate policies, the Conference Board’s Andrew Jones said.
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How asset managers can integrate climate into their investment decisions: State Street, Impax
The report shows that “understanding and managing climate change’s impact on portfolios is core to delivering attractive investment returns and cannot be ignored,” Impax CEO Ian Simm said.