Finance: Page 2

  • A persong in a coat overlooks a flooded city block of businesses.
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    Jason Davis via Getty Images
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    ISS Sustainable Solutions acquires geospatial risk modeling firm

    The Institutional Shareholder Services subsidiary bought Sust Global for an undisclosed price to allow investors to incorporate additional climate risk insights into their portfolio assessments.

    By • Aug. 6, 2025
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    Spencer Platt via Getty Images
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    State finance officials press US asset managers to denounce ESG, climate

    A coalition of 26 Republican state finance officials sent letters to executives at 25 firms, pushing them to denounce climate and net-zero commitments.

    By • Aug. 4, 2025
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    TarikVision via Getty Images
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    Trendline

    Top 5 stories from ESG Dive

    This year has shaped up to be a formative one for ESG, from the U.S. pulling out of major climate agreements to federal agencies recalibrating their approach to sustainability under the new administration.

    By ESG Dive staff
  • The Canary Wharf headquarters of Barclays Bank.
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    Oli Scarff via Getty Images
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    Barclays exits Net-Zero Banking Alliance, follows HSBC

    The British bank has become the latest to depart NZBA, trailing behind HSBC and other major financial institutions who have also left the group.

    By • Updated Aug. 4, 2025
  • Governor of Texas holds a meeting with the governor of Floroida.
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    (2021). [Photograph]. Retrieved from Office of the Texas Governor.
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    US states have passed 11 anti-ESG bills in 2025 so far: report

    A total of 106 bills opposing ESG were introduced in state legislatures this year, but few were passed, according to a report from Pleiades Strategy.

    By Lauren Schenkman • July 31, 2025
  • he U.S. and Texas flags fly in front of high voltage transmission towers
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    Justin Sullivan via Getty Images
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    ISS, Glass Lewis sue Texas AG over state’s newest anti-ESG law

    The nation’s top two proxy advisory firms are seeking a preliminary injunction to stop a Texas law targeting such firms from taking effect in September.

    By • July 29, 2025
  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building.
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    Chip Somodevilla via Getty Images
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    SEC declines to confirm whether climate disclosure rule will be upheld if it survives litigation

    The agency told an appeals court it “does not intend to review or reconsider” the rule but did not confirm whether it would enforce it if legal challenges against the rule fail.

    By • July 25, 2025
  • A large outdoor sign features Meta's blue infinity loop logo on a white background above the company name "Meta" and the address, "1 Hacker Way." The sign sits on a curved concrete base in a landscaped area with mulch and dirt.
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    Alamy
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    Meta leans on $900M Enbridge solar investment to power Texas data centers

    The tech and social media conglomerate will purchase 100% of the power generated by the 600 megawatt Texas solar plant owned by the Canada-based energy developer.

    By • July 24, 2025
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    Scott Olson via Getty Images
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    Trump’s big bill is ‘tough but constructive’ for renewables: NextEra

    Analysts on the call were skeptical of NextEra’s claims that the company could avoid losing tax credits for its projects.

    By Emma Penrod • July 24, 2025
  • An adult uses a Citi ATM while a child stands next to the person, with Citi signage in the foreground.
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    Justin Sullivan / Staff via Getty Images
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    DOL rescinds Biden-era letter on Citi racial equity proposal

    The program, which Citi said was never implemented, was slated to provide “diverse managers” with a competitive advantage, an agency official wrote.

    By Emilie Shumway • July 23, 2025
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    Spencer Platt via Getty Images
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    SBTi unveils final net-zero standard for financial institutions

    The Science Based Targets initiative’s FINZ framework is the first to guide the sector through the net-zero journey, including setting both near- and long-term portfolio targets.

    By • July 22, 2025
  • The Microsoft logo is seen at an Experience Center on Fifth Avenue on April 03, 2024 in New York City.
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    Michael M. Santiago via Getty Images
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    How Microsoft is leaning on carbon removal solutions to cut its climate footprint

    The tech giant has invested in a plethora of CDR solutions this year to cut its emissions and meet net-zero goals, ranging from biochar to marine carbon dioxide removal deals.

    By , • July 21, 2025
  • An aerial view of the Shotwick Solar Energy Park on February 25, 2025 in Deeside, Wales.
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    Christopher Furlong via Getty Images
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    Utilities may speed renewable projects under new tax credit timeline: Jefferies

    Utilities “with renewables-heavy plans” may accelerate wind and solar projects by several years in order to qualify for the new one-year safe harbor period, according to Jefferies.

    By Diana DiGangi • July 21, 2025
  • Specialists walking across a solar power plant.
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    Felbaba Volodymyr via Getty Images
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    Opinion

    How retail energy suppliers can navigate the new federal energy policies

    Key strategies include buying renewable energy certificates now, leveraging data and predictive analytics and growing market share.

    By Nainish Gupta • July 18, 2025
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    Andrew Burton via Getty Images
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    BlackRock integrates RepRisk’s ESG data into portfolio management software

    The deal will give global asset managers and owners access to RepRisk’s data on material ESG risks to companies through the Aladdin platform and expand BlackRock’s company coverage.

    By • July 17, 2025
  • California Gov. Gavin Newsom speaks at a press conference.
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    Justin Sullivan via Getty Images
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    Q&A

    California’s 2026 climate-risk reporting deadlines are here to stay: KPMG

    Despite regulatory uncertainty at the federal level and internationally, California’s forging ahead and expecting companies to disclose their climate risks starting next year.

    By • July 14, 2025
  • The HSBC building is seen at Canary Wharf.
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    Scott Barbour via Getty Images
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    HSBC departs Net-Zero Banking Alliance, following US banks

    The U.K.-based bank became the latest to exit the United Nations-backed NZBA, following in the footsteps of Wall Street's exodus from climate alliances.

    By • July 11, 2025
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    Samuel Corum via Getty Images
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    Trump seeks tighter restrictions on wind and solar with executive order

    The order seeks to “ensure that policies concerning the ‘beginning of construction’ are not circumvented” by wind and solar projects.

    By Diana DiGangi • July 10, 2025
  • A customer picks up a Snickers Bar in a supermarket August 18, 2005 in Sydney, Australia.
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    Ian Waldie via Getty Images
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    Mars unveils emissions reduction progress, launches $250M green investment fund

    The confectionery giant has reduced its emissions by over 16% from a 2015 baseline, while scaling growth by 69% in the same time frame.

    By • July 10, 2025
  • European Union flags are pictured outside the European Commission building. The flags are blue with a circle of yellow stars.
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    Carl Court via Getty Images
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    European Commission proposes simplifying sustainability taxonomy

    The changes would reduce the number of reported data points by 89% for financial institutions and 64% for non-financial companies.

    By • July 8, 2025
  • An entrance to a Madison Avenue JPMorgan Chase building is shown, with revolving doors and a person walking in the foreground.
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan launches carbon market blockchain app

    In a bid to boost data standardization and transparency, the bank is working with three global carbon registries to test the viability of tokenizing the voluntary carbon market.

    By • July 7, 2025
  • The logo of Allianz stands on two office buildings.
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    Sean Gallup via Getty Images
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    Allianz launches platform to help businesses assess, mitigate climate risks

    The group’s commercial insurance unit unveiled CAReS last week, which aims to help companies better understand climate-associated risks and the impact they have on company assets.

    By • July 7, 2025
  • Speaker of the House Mike Johnson, R-L.A., walks back to his office from the House chamber at the U.S. Capitol on July 3.
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    Alex Wong via Getty Images
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    House passes Senate version of Trump’s megabill, altering clean energy economy

    President Donald Trump promised additional executive branch restrictions on wind, solar and EV subsidies in exchange for Freedom Caucus members' support of the bill, Rep. Ralph Norman, R-S.C., said.

    By Diana DiGangi • July 3, 2025
  • Senate Majority Leader John Thune, R-S.D., accompanied by Sen. John Barrasso, R-Wyo., Sen. Mike Crapo, R-Ind., and Sen. Lindsey Graham, R-S.C., speaks to reporters off the Senate floor after the Senate passed its megabill on July 1.
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    Andrew Harnik via Getty Images
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    Senate passes megabill that curbs IRA tax credits, drops wind and solar tax

    The amended bill also offers an exception to the onerous “placed in service” deadline of 2027 for projects that begin construction within a year of its passage.

    By Diana DiGangi • July 2, 2025
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    Samuel Corum via Getty Images
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    House committee clears bill to limit retirement fund managers from using ESG factors

    The bill, which reverses course on a Biden-era regulation, would issue a variety of documentation requirements for any use of “non-pecuniary” factors by retirement plan managers.

    By • July 1, 2025
  • U.S. Senate Majority Leader John Thune (R-S.D.) speaks to reporters after walking off the Senate floor at the US Capitol Hill on June 29 in Washington, D.C. Senate Republicans worked overnight, forced by Democrats to read a new version of the "One, Big, Beautiful Bill," as they approach President Donald Trump's July 4 deadline.
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    Tasos Katopodis via Getty Images
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    Senate reverses course on IRA cuts, proposing harsh tax on renewables

    Former Trump senior adviser Elon Musk on Saturday said the Senate’s latest draft of the bill “gives handouts to industries of the past while severely damaging industries of the future.”

    By Diana DiGangi • June 30, 2025