Sustainability
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BlackRock scores win in ex-employee’s suit alleging discrimination in pursuit of DEI, ESG
A federal judge found that the former equity trader failed to provide evidence he was fired for being a white, heterosexual male and not for violating the firm’s COVID-19 vaccination policy.
By Lamar Johnson • Oct. 4, 2024 -
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Ferrari shutters gas-fueled plant to slash carbon emissions
The Italian carmaker closed its Maranello trigeneration plant this week in a bid to reduce its methane gas consumption and pivot to cleaner energy sources.
By Zoya Mirza • Oct. 3, 2024 -
Explore the Trendline➔
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TrendlineThe state of the clean energy transition in 2024
This year saw a large volume of initiatives and investments from corporations focused on the clean energy transition — alongside a handful of reversions on carbon reduction goals.
By ESG Dive staff -
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Deep DiveHush-hush: Is greenwashing pushback prompting pivot to ‘greenhushing’?
Companies must focus on data and transparency to back their sustainability claims instead of resorting to silence, or exaggerations, said sources from groups such as the U.S. Plastics Pact, Glass Packaging Institute and McCormick & Co.
By Katie Pyzyk • Oct. 3, 2024 -
Courtesy of Shein
Shein faces greenwashing investigation in Italy
The Italian Competition Authority is accusing the fast fashion giant of posting misleading sustainability claims on its website.
By Laurel Deppen • Oct. 3, 2024 -
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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 Zoya Mirza • Oct. 2, 2024 -
Lamar Johnson/ESG Dive
Dem AGs: ‘We were on the verge of losing this messaging battle’ on ESG
“We're pushing back because the Republicans are rewriting reality, trying to voice the false narrative on business … and we can’t stand for that,” California AG Rob Bonta said.
By Lamar Johnson • Oct. 2, 2024 -
Permission granted by Siemens
Siemens’ free web tool aims to simplify decarbonization for commercial, industrial businesses
The Decarbonization Business Optimizer provides baseline carbon assessments supported by datasets from federal agencies such as DOE and the EPA, Siemens Financial Services says.
By Nish Amarnath • Oct. 2, 2024 -
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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 Lamar Johnson , Zoya Mirza • Oct. 1, 2024 -
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European Commission warns 17 member states to incorporate CSRD into national law
The Commission will not be able to achieve the “necessary level” of reporting harmonization without the full incorporation of the directive across the EU, it said last week.
By Zoya Mirza • Oct. 1, 2024 -
Johannes Simon via Getty Images
New program to help fashion brands navigate EU’s sustainability legislation
Nonprofit Fair Wear will launch the HRDD Academy to assist global garment and footwear brands meet the demands of the EU’s Corporate Sustainability Due Diligence Directive and other frameworks.
By Laurel Deppen • Oct. 1, 2024 -
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Morgan Stanley secures $750M for climate-focused private equity fund
The 1GT fund aims to collectively avoid or cut one gigaton of carbon dioxide equivalent emissions from the Earth’s atmosphere by 2050.
By Zoya Mirza • Sept. 30, 2024 -
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OpinionResults show carbon capture’s alleged promises are full of hot air
The happy-talk DOE press information says nothing about the difficulties associated with building a first-of-its kind technology and hooking it up to a large-scale electric generator.
By Dennis Wamsted • Sept. 30, 2024 -
Lisa-Blue via Getty Images
Schneider Electric’s building decarbonization tool aims to ease regulatory compliance
The new calculator allows building owners and operators to simulate energy-saving retrofits and evaluate their impact on emissions to aid compliance with laws such as New York City’s Local Law 97, the company says.
By Nish Amarnath • Sept. 30, 2024 -
Permission granted by Clifton Prescod for Dow Jones
Transparency on carbon credits’ quality is ‘critical’ for reducing corporate emissions, experts say
Verra CEO Mandy Rambharos said companies purchasing carbon credits should be able to understand where those credits come from and feel confident listing it as a decarbonization investment.
By Zoya Mirza • Sept. 27, 2024 -
EPA warns landfill owners to meet gas monitoring and collection obligations amid noncompliance
The federal agency issued alerts that revealed its findings from over 100 inspections. It noted the climate impact of failing to control methane pollution and warned landfill owners that the agency would hold them accountable.
By Jacob Wallace • Sept. 27, 2024 -
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White House backs $1B EV supplier fund
Monroe Capital’s managed fund is focused on helping small- and medium-sized auto manufacturers transition to electric vehicle production.
By Kate Magill • Sept. 27, 2024 -
Lamar Johnson/ESG Dive
Now is the time to ‘lean into’ decarbonizing transportation sector: Biden climate advisor
Cutting transportation sector emissions would have both public health and climate benefits, Ali Zaidi, a national climate policy advisor for the Biden administration, said at Climate Week NYC.
By Lamar Johnson • Sept. 26, 2024 -
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CEOs face hurdles in meeting net-zero targets due to decarbonization challenges: KPMG
CEOs pointed to the complexity of cutting supply chain emissions and implementing sustainable solutions as challenges affecting their net-zero target strategies.
By Suman Bhattacharyya • Sept. 26, 2024 -
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Climate lawsuits against largest fossil fuel producers have almost tripled, report finds
Oil giants like ExxonMobil and Shell are increasingly facing lawsuits regarding their alleged culpability for climate change-related damages and engagement in misleading advertising.
By Lyle Moran • Sept. 25, 2024 -
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How a 2nd Trump administration could ‘jeopardize’ Inflation Reduction Act climate funds
If elected, could Donald Trump claw back or withhold funds from communities? Experts from Columbia University’s Sabin Center for Climate Change Law offer insight.
By Ysabelle Kempe • Sept. 25, 2024 -
Lamar Johnson/ESG Dive
Climate Week NYC 2024 kicks off with carbon removal deals, green banking coalition
The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.
By Lamar Johnson • Sept. 24, 2024 -
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Most global banks unprepared for climate change risks: report
A majority of banks lack clear climate adoption strategies, a Climate X survey of 50 of the world's largest commercial banks found.
By Suman Bhattacharyya • Sept. 24, 2024 -
Courtesy of ExxonMobil
Lawsuits from California AG and others take aim at ExxonMobil’s chemical recycling claims
The oil giant is facing a pair of coordinated lawsuits that collectively allege deceptive marketing, concealment of harm, and violations of nuisance and unfair competition laws.
By Maria Rachal • Sept. 24, 2024 -
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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 Lamar Johnson • Sept. 23, 2024 -
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Clean energy a ‘big winner’ as Fed cuts interest rates more than expected
Renewable energy projects are “very sensitive to the cost of capital,” particularly for capital-intensive technologies like offshore wind, said Mona Dajani, a partner at Baker Botts.
By Diana DiGangi • Sept. 23, 2024
