Bloomberg unveils climate tool focused on portfolio risk management

Bloomberg’s MARS Climate aims to help portfolio managers and investors assess and manage the financial risks associated with climate change.

By Zoya Mirza • Feb. 24, 2025

Trump’s tariffs could raise onshore wind turbine costs by 7%, slow development: WoodMac

Wind generation deployments could be reduced by nearly a third by the end of this decade due to the tariffs, according to a Wood Mackenzie analyst.

By Emma Penrod • Feb. 21, 2025

HSBC delays net-zero emissions goal by 20 years

The U.K.-based bank said it was “revising [its] ambition” and delaying its target of hitting net-zero across its operations, business travel and supply chain from 2030 to 2050.

By Zoya Mirza • Feb. 20, 2025

Banks back away from DEI mentions

JPMorgan Chase, Citizens and Huntington have reduced or eliminated their references to diversity, equity and inclusion amid a White House crackdown, according to the banks’ latest annual filings.

By Caitlin Mullen • Feb. 20, 2025

Dems ask SEC, DOL to not issue anti-ESG rules: Exclusive

A coalition of 17 blue state finance officials sent a letter to the agencies to counter prior assertions made by their Republican colleagues.

By Lamar Johnson • Feb. 20, 2025

CSDDD is a ‘non-tariff barrier’ for US companies: House Financial Services Chair

Rep. French Hill said during a webinar that the Corporate Sustainability Due Diligence Directive will create costly barriers for U.S. corporations to do business in and engage with the bloc. 

By Lamar Johnson • Feb. 19, 2025

Climate change should be incorporated into ‘daily decision-making’: JPMorgan

“Understanding climate risk is important for staying ahead in the financial landscape,” JPMorgan’s chief risk officer and global head of corporate advisory wrote in a new report.

By Zoya Mirza • Feb. 19, 2025

Federal judge sides with Biden Labor Dept. on ESG fiduciary rule

A U.S. District judge for Northern Texas said the rule is still valid under Loper Bright and does not violate the Employment Retirement Income Security Act of 1974.

By Lamar Johnson • Feb. 18, 2025

Pennsylvania Gov. Shapiro sues Trump admin over IRA funding freeze

The state’s agencies have limited access to over $3.1 billion in funding for activities including distributed solar deployment, well plugging and weatherization, according to the lawsuit.

By Diana DiGangi • Feb. 18, 2025

The SEC has requested to delay climate rule arguments. What’s next?

Sustainable investing experts are not surprised by the delay and say it is expected to have minimal immediate impact.

By Lamar Johnson • Feb. 13, 2025

New York loans Revel $60M to expand NYC public EV charging

NY Green Bank's president said the financial arrangement is “an important and replicable precedent” to accelerate electric vehicle charging.

By Robert Walton • Feb. 13, 2025

Office of the Comptroller of the Currency latest to exit central bank climate coalition

The OCC’s acting comptroller said participation in the Network of Central Banks and Supervisors for Greening the Financial System does not fall within the agency’s “statutory mandate.”

By Zoya Mirza • Feb. 12, 2025

Acting SEC chair asks court not to schedule climate rule arguments

“The Commission’s briefs previously submitted in the cases consolidated in the Eighth Circuit do not reflect my views,” Acting Chair Mark Uyeda said.

By Lamar Johnson • Feb. 11, 2025

HSBC taps global banking executive for chief sustainability officer role

Julian Wentzel — previously HSBC’s head of global banking for the Middle East, North Africa and Turkey — becomes sustainability chief after serving as interim CSO.

By Zoya Mirza • Feb. 11, 2025

EPA funding freeze endangers $7B Solar For All program

“We don't know how much money got out the door, we don't know how much money the administration can seek to claw back,” said Vote Solar’s executive director, Sachu Constantine.

By Diana DiGangi • Feb. 11, 2025

Google contracts over $100M in carbon removal credits in 2024

“We’re encouraged by our progress, but the journey to catalyze carbon removal is just beginning,” Google Carbon Credits and Removals Lead Randy Spock said.

By Lamar Johnson • Feb. 7, 2025

Clean energy stakeholders descend on Capitol to lobby for IRA tax credits

Groups participating in the lobbying blitz in Washington, D.C. represent over 2,000 companies and hundreds of billions of dollars in private investment, according to the Solar Energy Industries Association.

By Diana DiGangi • Feb. 6, 2025

New York reintroduces bills seeking climate risk, emissions disclosures

Senate Bills 3456 and 3697, if approved, would mandate climate-related disclosures from large companies operating in the Empire State as early as 2027.

By Zoya Mirza • Feb. 6, 2025

ESG encountering widening ‘gulf’ between US and European investors: Morningstar

“We are definitely seeing a widening gap … between asset manager support for environmental and social-related voting initiatives," Morningstar Sustainalytics’ director of investment stewardship research said.

By Lamar Johnson • Feb. 5, 2025

Companies reduce philanthropy aimed at boosting racial, gender equality

Change in “corporate citizenship” initiatives coincide with a federal backlash against efforts to promote sustainability in the private and public sectors.

By Jim Tyson • Feb. 5, 2025

Vanguard dilutes diversity guidelines for US board proxy voting

The updated policies exclude a recommendation that boards “at a minimum, represent diversity of personal characteristics, inclusive of at least diversity in gender, race and ethnicity.”

By Lamar Johnson • Feb. 4, 2025

Republican officials urge SEC, DOL to adopt anti-ESG, DEI rules

The letter signed by 22 Republican state finance officials cited American Airlines’ recent legal loss as evidence that fiduciaries are breaching their duty to loyalty with regards to ESG and DEI.

By Lamar Johnson • Feb. 3, 2025

Treasury Department exits global regulatory climate coalition

The Treasury’s Federal Insurance Office withdrew from the Network of Central Banks and Supervisors for Greening the Financial System last week to comply with President Donald Trump’s executive orders.

By Zoya Mirza • Feb. 3, 2025

Banks improving clean energy finance ratios, still well-short of net-zero pace: report

“The ratio isn’t evolving at the pace needed to hit the 4:1 level required this decade under commonly referenced scenarios to limit climate change to 1.5 [degrees Celsius],” according to BloombergNEF.

By Lamar Johnson • Jan. 31, 2025

Developments driving the ESG, sustainability industry in 2025

The change in U.S. presidential leadership has triggered drawbacks of ESG and DEI commitments, as the private sector braces for a change in political direction.

By Zoya Mirza , Lamar Johnson • Jan. 31, 2025