Reporting

  • Rows of solar panels in a field.
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    Renewable PPA prices continue to rise — and may do so through 2030, say LevelTen, Ascend analysts

    Project delays, tariffs and a new round of supply shortages pushed renewable energy prices higher in the third quarter of 2024.

    By Emma Penrod • Oct. 23, 2024
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    Max Kegfire via Getty Images
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    Many middle market firms in ESG ‘wait and see’ mode, RSM says

    While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.

    By Chris Gaetano • Oct. 22, 2024
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    Trendline

    Top 5 stories from ESG Dive

    This year has shaped up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.

    By ESG Dive staff
  • IBM Corporation Innovation Center headquarters located in Silicon Valley.
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    Sundry Photography via Getty Images
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    IBM acquires Prescinto to bolster renewable energy asset management capabilities

    The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.

    By • Oct. 17, 2024
  • Aerial shot of people inside a large indoor space. People sit on folding chairs and lay on mats on the floor.
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    Nathan Howard via Getty Images
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    Gas utility faces climate deception lawsuit by Oregon county

    It's the first time a U.S. community has sued a gas utility for allegedly deceiving the public about the climate impacts of fossil fuels, advocates say.

    By Ysabelle Kempe • Oct. 11, 2024
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    Asanka Ratnayake via Getty Images
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    Greenwashing cases fall for first time in 6 years, but high-severity filings surge: report

    “There's certainly a global undercurrent of ‘greenhushing,’ so companies are being more cautious about how they communicate,” RepRisk’s chief commercial officer said.

    By • Oct. 10, 2024
  • The Wall Street street sign is visible in the foreground with a picture of a trader in front of the stock market on the left of the sign. Three american flags are out of focus in the background.
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    Spencer Platt via Getty Images
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    US banks largely lagging on implementing best practices for net-zero: Exclusive

    “What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.

    By • Oct. 8, 2024
  • A conference participant walks past a spinning representation of Planet Earth during the UNFCCC COP27.
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    Sean Gallup via Getty Images
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    How asset managers can integrate climate into their investment decisions: State Street, Impax

    The report shows that “understanding and managing climate change’s impact on portfolios is core to delivering attractive investment returns and cannot be ignored,” Impax CEO Ian Simm said.

    By • Oct. 7, 2024
  • anti-ESG shareholder proposals
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    Anti-ESG proxy votes surge but they’re not passing

    Shareholders submitted more than 100 anti-ESG proposals in the 2024 proxy season but none of those that made it to a vote received more than single-digit support.

    By Robert Freedman • Oct. 4, 2024
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    Tinpixels via Getty Images
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    US corporate commitment to diversity in decline, McKinsey says

    “Progress is surprisingly fragile, especially for women of color, who continue to be underrepresented at every level” of the corporate hierarchy, McKinsey said.

    By Jim Tyson • Oct. 4, 2024
  • California Gov. Gavin Newsom
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    California Gov. Newsom greenlights climate disclosure acts by signing new bill

    Senate Bill 219 includes a series of amendments to climate bills SB 253 and SB 261, originally approved by Newsom last October, while retaining a 2026 start date.

    By • Oct. 2, 2024
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    SolStock via Getty Images
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    ESG and sustainability conferences to watch in 2025

    Early agendas for 2025 events show a growing focus on decarbonizing data centers, as well as increasing climate financing and aligning ESG standards.

    By , • Oct. 1, 2024
  • State Street building. Yellow banners say "State Street Global Advisors" "Reinventing Investing"
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    Monica Schipper via Getty Images
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    State Street reduces support for E + S proposals, following other Big Three asset managers

    State Street supported 6% of environmental and 7% of social proposals in the 2024 proxy season, confirming the nation’s largest asset managers all supported fewer such proposals than in 2023.

    By • Sept. 23, 2024
  • The sun sets behind the US Capitol
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    Tom Brenner via Getty Images
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    House GOP passes pair of anti-ESG bills targeting ‘woke’ investment policies

    House Republicans passed a pair of bills this week aimed at pension funds and the Securities and Exchange Commission that Rep. Juan Vargas, D-Calif., said are “going nowhere” in a Democrat-controlled Senate.

    By • Sept. 20, 2024
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    Under 25% of Vanguard’s 2024 proxy pilot participants chose ESG-centered policies

    The program’s third-party ESG policy option was particularly popular with investors of one of the firm’s ESG funds, though just under a quarter of pilot participants picked the option overall.

    By • Sept. 18, 2024
  • A front reception desk at a CBRE office.
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    "CBRE reception" by EG Focus is licensed under CC BY 2.0
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    Real estate firm CBRE curbs scope 1, 2 emissions by 24% since 2019

    Its scope 1 emissions rose almost 16% since 2022 due to increased mileage across its vehicle fleet, which it looks to fully electrify by 2035, according to CBRE’s 2023 corporate responsibility report.

    By Joe Burns • Sept. 18, 2024
  • House Financial Committee Chair Patrick McHenry
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    House GOP members probing federal membership in green finance network

    Leaders of the House Financial Services Committee are conducting an investigation into the participation of U.S. agencies in the Network for Greening the Financial System.

    By • Sept. 17, 2024
  • Heavy smoke clouds of carbon emissions spew from three cylindrical columns rising from a factory in the background, partly obscured by trees, with the roof of a house barely visible in the foreground.
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    Mark Wilson via Getty Images
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    EPA issues violation notice to ADM over carbon sequestration permit

    The violation relates to corrosion in a monitoring well at the agricultural supply chain company’s second injection site that has since been plugged and did not affect surface or groundwater, ADM said in a statement.

    By • Sept. 16, 2024
  • Rep. Bill Huizenga speaks with his glasses in his right hand at a congressional hearing.
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    House Financial Services panel hearing probes proxy advisors’ ESG influence

    Rep. Bill Huizenga, R-Mich., said advisors are becoming “de facto standard setters” for governance, while a witness compared them to consultants who help investors “sift through mountains of data.”

    By • Sept. 12, 2024
  • The Bank of America logo is displayed on the side of a Bank of America branch office January 20, 2010 in San Francisco, California.
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    Justin Sullivan / Staff via Getty Images
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    BofA closes $205M tax equity deal for carbon capture, clean fuel credits

    Bank of America will purchase carbon capture and clean fuel production tax credits in a novel financing deal with biofuels producer Harvestone Low Carbon Partners.

    By • Sept. 11, 2024
  • Computer screen shows data, images & moving graphics associated with climate change.
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    Laurence Dutton via Getty Images
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    Workiva, Visual Lease team up to boost sustainability reporting

    The partnership between the ESG reporting software firm and the lease management platform will allow mutual clients to accurately report progress on their sustainability goals.

    By • Sept. 10, 2024
  • A Volvo SUV driving down a road
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    Courtesy of Volvo
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    Volvo scales back its EV goals

    In 2021, the automaker pledged to be fully electric by 2030. Now, the company is abandoning that goal, focusing instead on “electrified” models.

    By Haley Cawthon • Sept. 9, 2024
  • A view of the exterior of the Morgan Stanley headquarters.
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    Stringer via Getty Images
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    Morgan Stanley drops plastic pollution financing goal

    A spokesperson for the bank told ESG Dive it would no longer have the standalone goal due to data availability and quality challenges as required climate disclosures near.

    By • Sept. 6, 2024
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    Q&A

    5 keys to strong organizational sustainability governance: MorganFranklin Consulting

    Andrew Rizkallah, who leads the firm's ESG advisory services, explained how to beef up key reporting processes or start from scratch.

    By • Aug. 30, 2024
  • Vehicles pass the Phillips 66 Los Angeles Refinery Wilmington Plant
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    Major oil and gas firms ramp up voluntary ESG reporting: EY

    Regulatory and shareholder pressure is elevating sustainability reporting to a key priority on par with a firm’s financial and operational performance, an EY report suggests.

    By Suman Bhattacharyya • Aug. 30, 2024
  • Three people in safety gear talk at the top of a building under construction.
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    US clean energy jobs grew 4.2% in 2023: DOE

    The U.S. added clean energy jobs at more than twice the rate of the broader economy, according to the Department of Energy.

    By Robert Walton • Aug. 29, 2024