Why climate alliance memberships are no longer ‘en vogue’ for Wall Street

Financial institutions have increasingly departed groups like the Net-Zero Banking Alliance and Climate Action 100+, but experts say banks are still committed to sustainability.

By Zoya Mirza • Jan. 30, 2025

Rockefeller grant strengthens push for nature-related disclosures

The Rockefeller Foundation announced it will give the Taskforce on Nature-related Financial Disclosures $500,000 to scale its voluntary adoption efforts, as the organization rolls out additional sector guidelines.

By Lamar Johnson • Jan. 30, 2025

1 in 8 companies say they plan to weaken DEI commitments in 2025

More than half of managers said diversity, equity and inclusion initiatives were implemented primarily for public relations purposes, Resume.org found.

By Carolyn Crist • Jan. 29, 2025

American Express’ travel arm unveils emissions-based carbon pricing tool

American Express Global Business Travel said its new tool will help business travelers calculate their carbon footprint and direct investments toward sustainability initiatives.

By Zoya Mirza • Jan. 28, 2025

Companies continue to pursue scope 3 reporting, despite regulatory and data collection challenges

Mejuri and Kontoor Brands are working with supplier networks to improve transparency of scope 3 reporting, while LinkedIn is using an internal carbon fee as an oversight mechanism.

By Suman Bhattacharyya • Jan. 27, 2025

While Trump’s anti-DEI executive orders pile up, JPMorgan Chase CEO doesn’t flinch

In response to activists’ anti-DEI efforts against his company, the CEO said to “bring them on.”

By Caroline Colvin • Jan. 27, 2025

Tech industry works to meet AI’s energy demands as ESG use cases grow

“I don't think we're going to ever capture the opportunities of AI if we don't think about it in a responsible way,” Cisco Chief Sustainability Officer Mary de Wysocki told ESG Dive.

By Lamar Johnson • Jan. 24, 2025

Northern Trust AM exits Climate Action 100+, Net-Zero Asset Managers initiative

The departure is the latest in Wall Street’s continued exodus from climate-focused alliances and groups as sector scrutiny heats up under the new Trump administration.

By Zoya Mirza • Jan. 24, 2025

Judge dismisses New York City’s lawsuit against Big Oil

A state judge ruled that NYC had failed to demonstrate that ExxonMobil, Shell, BP and the American Petroleum Institute had deceived consumers about the climate impact of their fossil fuel products.

By Zoya Mirza • Jan. 23, 2025

BlackRock and Tennessee reach settlement on ESG suit

“We’re pleased to resolve this matter,” a BlackRock spokesperson told ESG Dive. The agreement dismisses the state’s 2023 lawsuit and does not find that the investment firm violated any laws.

By Lamar Johnson • Jan. 22, 2025

JLL establishes energy advisory and sustainability practice

The global real estate services company will now provide technical expertise on energy sourcing, efficiency and end-use optimization across the company’s business lines.

By Joe Burns • Jan. 22, 2025

The dual mandate: how CSOs and CFOs are tackling the regulatory and digital evolution in 2025

In the year ahead, chief sustainability officers and chief financial officers must combine digital sustainability leadership with financial discipline to thrive in a new low-carbon economy.

By Mandi McReynolds and Jill Klindt • Jan. 16, 2025

‘Inappropriate’ micromanaging: Apple pushes back on anti-DEI proposal

In a proxy filing ahead of the annual 2025 shareholders meeting, a conservative think tank asked Apple to cut back on DEI.

By Caroline Colvin • Jan. 16, 2025

Federal judge rules against American Airlines in 401(k) ESG lawsuit

A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say “the bar is being set really low for what's a violation.”

By Lamar Johnson • Jan. 15, 2025

Supreme Court denies Big Oil’s bid to toss Honolulu climate case

Justices denied petitions put forward by Sunoco LP and Shell that asked for a review of a Hawaii State Supreme Court decision that allowed Honolulu’s climate lawsuit to continue.

By Zoya Mirza • Jan. 15, 2025

Amazon to focus on inclusion, internal DEI memo indicates

The changes outlined in the memo are vague, but Amazon has taken its previously strong commitments to Black and LGBTQ+ people off of its policy page.

By Caroline Colvin • Jan. 15, 2025

NZAM suspends all activities after BlackRock’s exit

The United Nations-backed Net-Zero Asset Managers initiative has pulled its signatories page and won’t assess their commitments while it undergoes a review.

By Lamar Johnson • Jan. 14, 2025

Barclays’ head of sustainability steps down as sector scrutiny heats up

Barclays’ Group Head of Sustainability Laura Barlow will leave her leadership role but continue at the bank as a senior adviser, a bank spokesperson told ESG Dive.

By Zoya Mirza • Jan. 14, 2025

Meta joins chorus of DEI rollbacks, cutting roles and programs

The tech and social media giant ended a number of diversity, equity and inclusion initiatives last week, including its supplier diversity program.

By Lamar Johnson • Jan. 13, 2025

Shein unveils denim printing process designed to reduce water, energy use

The fast fashion giant said the number of products it created using the technology increased by 90% last year.

By Laurel Deppen • Jan. 13, 2025

ESG tops in-house counsel litigation concerns

Organizations bringing lawsuits are finding more ways to tie company actions to impacts, a report finds.

By Robert Freedman • Jan. 13, 2025

BlackRock leaves NZAM as Wall Street runs from climate groups

The nation’s largest investment manager is leaving the Net Zero Asset Managers initiative, joining a broader financial institution exodus from high-profile climate alliances.

By Lamar Johnson • Updated Jan. 10, 2025

Treasury finalizes guidance for IRA’s tech neutral, clean electricity tax credits

They’re “the most important clean energy tax credits ever enacted,” said Brad Townsend, vice president of policy and outreach at the Center for Climate and Energy Solutions. 

By Diana DiGangi • Jan. 10, 2025

5 ESG trends sustainability professionals should monitor in 2025

Upcoming leadership changes in the White House and Congress are expected to create a more adversarial stance on ESG and climate issues in 2025.

By Lamar Johnson , Zoya Mirza • Jan. 9, 2025

Shell shareholders file resolution asking oil giant for transparency on LNG strategy, climate goals

The proposal calls out Shell’s plans to increase its sales of liquified natural gas and asks how the company justifies its growth strategy with its climate commitments.

By Zoya Mirza • Jan. 9, 2025