The Latest
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UN launches program to align regional climate action with the Paris Agreement
The “NDCs 3.0 Regional Fora” will help countries revise and update their emissions reductions plans to keep the 1.5°C goal within reach.
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Deloitte partners with property management platform for decarbonization solution
Akila, which produces virtual copies of facilities for building management, will target both companies’ clients to help them reduce emissions and prepare for disclosures.
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H&M’s ‘green’ financing tool supports supplier sustainability
The collaborative program aims to help manufacturers overcome the funding hurdles of implementing sustainable practices. Here's how.
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COP29 president lays out climate action priorities ahead of summit
Azerbaijan’s Mukhtar Babayev said he’s committed to boosting climate finance and finalizing the implementation of the Paris Agreement’s Article 6 at this year’s summit.
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Oklahoma judge permanently blocks state’s anti-ESG law
The ruling extends a temporary injunction against the law issued in May, though Oklahoma Attorney General Gentner Drummond said he will bring an appeal to the state Supreme Court.
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Bias in hiring, performance evaluations can derail corporate DEI goals
The Conference Board’s “Bias Interrupters” framework offers a way to foster inclusion and control for legal risk.
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Challenge to Labor Dept. ESG rule kicked back to lower court
A U.S. Appeals Court vacated a prior ruling, which relied on the overturned Chevron doctrine, and sent it back to Texas’ Northern District “given the upended legal landscape.”
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Sustainability reporting, ESG management roles on the rise: Deloitte
The accounting firm’s survey of 300 executives at public companies pointed to an increase in sustainability oversight as disclosure requirements mount.
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Coffee and EV charging: Mercedes-Benz partners with Starbucks
The collaboration will add direct current fast chargers at 100 retail locations along the 1,400-mile Interstate 5 corridor.
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Vanguard clients ask new CEO to prioritize climate risk
Over 8,000 clients urged Salim Ramji to “steer Vanguard in a new direction” and prioritize climate risk as part of the firm’s risk management strategies.
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Unilever, Nestlé join over 130 companies in call to reverse biodiversity loss ahead of COP16
A coalition of businesses across various industries are pressing world leaders to take action on an issue often overlooked by corporate sustainability plans.
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Reduced shareholder lawsuit risk doesn’t mean more ESG reporting: study
The lower risk of being sued means companies don’t need the social credibility that comes with the reports, a study finds.
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‘Polarizing’ state laws risk ‘fragmenting’ system: bank regulator
Acting Comptroller of the Currency Michael Hsu said banks are increasingly asked by state policies to “pick a side in service of performative politics rather than deliberative policy.”
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IHG unveils low carbon program, targets energy efficiency in hotels
The global hospitality company called the initiative an “industry first” and said it would help it “test, learn and share findings on sustainability measures.”
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SEC rule jumpstarts Corpay CAO’s ESG push
The climate disclosure rule’s March passage helped push the payments player to double down on its ESG reporting strategy, Chief Accounting Officer Alissa Vickery said.
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AWS, Google, Meta, Microsoft, more push for digital infrastructure emissions transparency
The governing body of the iMasons Climate Accord published an open letter calling for digital infrastructure suppliers to include greenhouse gas emissions “nutrition labels.”
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LevelTen Energy scores $65M to scale clean energy transition
The transaction infrastructure company connects renewable energy buyers, sellers and advisors and plans to use the financing to expand its platform.
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Automakers accelerate drive for fossil-free steel
Volvo is leading the industry for steel and aluminum decarbonization. Mercedes, Tesla and Ford follow.
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Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations
Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.
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5 takeaways on costs, challenges of climate disclosure compliance
Complacency regarding the SEC’s now-stayed rules could leave companies “scrambling to try to get ready” once they are put in place, PwC’s Marc Siegel said.
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Supreme Court’s Chevron ruling creates power sector uncertainty: Moody’s
“The lack of clarity on future EPA mandates increases uncertainty and makes it more difficult for power companies to determine their most appropriate and cost-effective generation mix,” Moody’s said.
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Anti-ESG laws challenge fiduciary obligations, add significant reporting burden: PRI
The impact of anti-ESG legislative efforts is uncertain and could affect capital availability for businesses and investment vehicles that have a sustainability or social focus, experts say.
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BlackRock updates climate stewardship policies, targeting $150B in funds
The policies will initially apply to 83 European investment funds with $150 billion in assets under management and prioritize sectors and companies “critical” to the clean energy transition.
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Deep Dive
Tractor Supply retreats on DEI, climate after ‘anti-woke’ backlash. Now the real fallout begins.
The retailer's pullback of its corporate diversity and climate efforts could alienate some customers, employees and investors.
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GM shareholders vote down 3 ethical supply chain proposals
Responding to the proposals, the automaker defended its existing practices for supplier agreements and operational policies.