The Latest
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SBTi finalizes long-awaited update to its Corporate Net-Zero Standard
Version 2 of the standard represents a “major revision” and will be available for companies to set net-zero and emissions reductions targets in 2027.
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JFK airport’s new Terminal 1 touts ESG performance
Reduced emissions in both construction and operations are key benefits, but the project had additional health, sustainability and diversity achievements, project participants say.
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CDP splits into two entities, nabs private equity funding
The environmental nonprofit’s new structure — following a major investment from Permira — will consist of a commercial entity known as “CDP” and a charitable arm known as the “CDP Foundation.”
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Google, American Airlines sign long-term corporate SAF deal
The deal will enable Google to claim environmental benefits for employee travel and provide financial backing for American Airlines to sign a new long-term offtake deal for sustainable aviation fuel.
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20 attorneys general sue Trump administration over federal contractor DEI order
The plaintiffs argue Trump’s executive order impedes each state’s efforts and is unclear in what it prohibits.
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Meta expands US solar portfolio, inks PPA with Zelestra
The new power purchase agreement builds on the existing partnership between the tech giant and renewable energy company, which are backing several solar projects across the U.S.
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TD Bank inks 10-year carbon removal deal with Deep Sky
The bank will purchase over 18,000 verified direct air capture carbon dioxide removal credits from the Canadian CDR project developer.
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Customers take more money out of Citizens over ICE ties
The Greater Boston Interfaith Organization is withdrawing an additional $2 million from its Citizens accounts. Two Massachusetts state representatives pledged to do so as well, with one planning to remove $100,000.
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Q&A
Institutional investors have governance concerns about SpaceX IPO: Morningstar director
The Elon Musk-owned company will debut on stock exchanges June 12. Institutional investors, however, have concerns about board composition and share structure, Morningstar’s Lindsey Stewart told ESG Dive.
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Banks’ fossil fuel financing increased 8% in 2025: report
The world’s largest banks committed $906 billion to fossil fuel financing, with funding for expansion rising 27%, according to the latest Banking on Climate Chaos report.
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BP reshapes organizational structure amid years-long portfolio review
The company will split into upstream and downstream segments, replacing the current three-part structure that also includes a “customers and products” arm.
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HowGood, Sweep partner to track carbon footprint of food, agriculture products
The carbon accounting companies' partnership aims to help food and agriculture businesses incorporate ingredient- and product-level emissions data into broader sustainability reporting efforts.
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Women’s representation is slipping on corporate boards
President Donald Trump’s top-down attack on diversity and inclusion has trickled into every aspect of work.
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JPMorgan signs carbon offtake and financing deal with Charm Industrial
The bank will provide the carbon removal startup $20 million in debt financing to expand its Colorado facility and purchase 61,500 tons of bio-oil removals.
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AI deployment plans are catching leaders underprepared
Embedding control and creating visibility into AI systems will allow leaders to scale confidently, Matt Lyteson, IBM CIO said.
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Google commits to replenish more water than it uses by 2030
The tech giant’s new goal puts it on par with competitors and fellow hyperscalers Amazon, Meta and Microsoft.
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US eyes new tariffs for China, EU, Mexico and more after labor probes
The potential levies of either 10% or 12.5% would apply to 60 trading partners, although the proposal listed several product exemptions.
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Global initiative releases draft framework for corporate social disclosures
The draft guidance from the Taskforce on Inequality and Social-related Financial Disclosures is designed to help companies disclose governance and oversight of issues related to workers, consumers and communities.
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Deloitte upgrades UK, EU sustainability chief to CSO for new EMEA business
Company veteran Smruti Naik-Jones — most recently CSO for Deloitte UK and North and South Europe — will lead sustainability strategy for the firm’s Europe, Middle East and Africa business.
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Opinion
Circular technology: Where ESG goals and commercial performance come together
The secondary technology market is on course to hit $262 billion by 2032. The businesses gaining ground are proving that ESG goals and profitability can advance together.
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Governance surpasses environment as top ESG reputational risk in 2026
A new report from GlobeScan that surveyed nearly 300 business leaders found that the reordering of perceived risk “highlights rising concern over corporate ethics and accountability.”
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7 states sue Trump administration over TotalEnergies offshore wind lease buyout
The lawsuit calls the deal a “sham settlement agreement to unlawfully cancel an offshore wind lease and redirect the money paid for the lease to a separate, unauthorized use favored by the President.”
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Democratic finance officers rebut Republican assertions to credit agencies: Exclusive
The state and local finance officers sent a letter to Fitch, Moody’s and S&P last month urging the companies to maintain “independent, forward-looking” risk assessments as part of their ratings frameworks.
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SEC proposes rule rescinding Biden-era climate risk disclosures
The agency’s proposal calls the 2024 climate disclosure rules “a dramatic overreach of the Commission’s statutory authority and, independently, unsound as a matter of policy.”
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Accounting and finance pros value making their mark on ESG issues
The opportunity to play a role in social and environmental matters is a key aspect of a potential employer’s appeal.