Sustainability

  • CEO Satya Nadella of Microsoft pictured on stage with the Microsoft logo in the background.
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    Ethan Miller via Getty Images
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    Microsoft pens landmark carbon removal contract with Stockholm Exergi

    The carbon removal deal — which both companies said is the “largest to date” — will allow the tech giant to permanently remove 3.3 million metric tons of carbon dioxide.

    By • May 7, 2024
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    Oli Scarff via Getty Images
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    Oklahoma adds Barclays to anti-ESG list

    The British bank joins JPMorgan Chase, BlackRock, Bank of America, Wells Fargo and State Street and eight other financial institutions on the list.

    By Rajashree Chakravarty • May 7, 2024
  • Wind turbines seen behind solar panels at a wind farm. Explore the Trendlineâž”
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    Mario Tama via Getty Images
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    Trendline

    Sustainability initiatives gain traction against backdrop of climate disclosure rules

    Several companies have already committed to achieving net-zero emissions by 2050 and many have also set near-term targets to curb their carbon footprint by the end of the decade.

    By ESG Dive staff
  • Business man talking to his team in a meeting at the office.
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    Getty Creative via Getty Images
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    81% of companies not covered by CSRD still plan to comply: Workiva

    Workiva’s global vice president of ESG said the EU’s Corporate Sustainability Reporting Directive is becoming the “gold standard,” with or without the SEC’s climate rule.

    By • May 7, 2024
  • Federal Trade Commission Chair Lina Khan testifies at a committee hearing.
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    Chip Somodevilla via Getty Images
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    FTC greenlights $64.5B Exxon-Pioneer merger, bars former CEO from board seat

    The Federal Trade Commission blocked the former CEO of Pioneer Natural Resources from joining the new company’s board of directors over concerns of colluding with OPEC.

    By • May 6, 2024
  • A tree trunk lies on a now dry section of the El Guavio Water Reservoir.
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    Diego Cuevas via Getty Images
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    Climate change to continue to drive inflation, especially in Global South

    ‘Decisive mitigation’ could curb the inflationary impacts of climate change, though some effects are unavoidable, researchers say.

    By Suman Bhattacharyya • May 6, 2024
  • A ship carrying liquefied natural gas.
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    Alexey Lesik via Getty Images
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    International, domestic energy policies should embrace gas as transition fuel: EFI report

    Natural gas exports from the United States help to support energy security, equity and sustainability around the globe, said EFI Foundation CEO Ernest Moniz, who served as U.S. Secretary of Energy under President Obama.

    By Robert Walton • May 6, 2024
  • Workers burn off a field.
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    Brent Stirton via Getty Images
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    Frontier signs $58.3M deal with bio-waste carbon removal startup Vaulted Deep

    The deal will allow Frontier, backed by Stripe, Alphabet, Meta and others, to remove 152,480 tons of carbon dioxide between 2024 to 2027.

    By • May 3, 2024
  • Shot of BlackRock NYC offices
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    Andrew Burton / Staff via Getty Images
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    BlackRock shareholders urged to oppose Aramco CEO’s board re-appointment

    The New York City Comptroller said Aramco and BlackRock’s prior business relationships compromise Amin Nasser’s ability to serve as an independent member of the board.

    By • May 2, 2024
  • European Union flags are pictured outside the European Commission building.
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    Carl Court via Getty Images
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    EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply

    Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.

    By • May 2, 2024
  • Rows of solar panels are seen against a green field.
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    Bim via Getty Images
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    Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW

    Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.

    By Ethan Howland • May 2, 2024
  • Indigenous environmental activists march with signs opposing additional oil pipelines
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    Chip Somodevilla via Getty Images
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    Indigenous rights, climate proposals receive votes at Citi, Wells Fargo meetings

    A proposal for banks to examine their policies on mitigating risks to Indigenous Peoples rights received 26% support at Citi. Wells Fargo declined to share preliminary results.

    By • May 1, 2024
  • The Ernst & Young (EY) offices stand in 1 More London Riverside on October 1, 2018 in London, England.
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    Jack Taylor / Stringer via Getty Images
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    EY acquires Denkstatt to boost sustainability consulting services

    The two consulting firms will collaborate to provide clients ESG-relevant services such as emissions reporting, circular economy strategies and sustainability assessments.

    By • May 1, 2024
  • People walk up from the plaza at the Citigroup Center November 17, 2008 in New York City. Citigroup
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    Chris Hondros / Staff via Getty Images
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    Citi achieves $441B of its $1 trillion sustainable finance 2030 goal: report

    The bank has also met more than half of its goals to reduce its operational footprint by 2025.

    By • April 30, 2024
  • Package of plant-based ground beef are seen in a grocery aisle
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    Scott Olson via Getty Images
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    Deep Dive

    Is plant-based meat more sustainable? Experts question the data

    Researchers have struggled to replicate life-cycle assessments commissioned from companies like Beyond Meat and Impossible Foods, and are calling for more transparency.

    By Nithin Coca • April 30, 2024
  • Workers seen at a nickel processing plant.
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    Ulet Ifansasti via Getty Images
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    UN-led panel to tackle ESG issues with new guidelines for ‘critical minerals’ mining

    The panel’s goals align with the Paris Agreement and the United Nations’ 2030 agenda for sustainable development, one of its co-chairs said.

    By • April 29, 2024
  • Aerial view of solar array farm in a Chilean desert.
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    John Moore via Getty Images
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    UN’s Net-Zero Insurance Alliance disbands and rebrands

    Following the departure of several high-profile members in 2023, NZIA is no more. Its work will be continued by a new Forum for Insurance Transition to Net Zero.

    By • April 29, 2024
  • GRID Alternatives employees Jimmy Chit Ming Cheung (L) and Edward Aguilar carry a panel as they install no-cost solar panels on the rooftop of a low-income household on October 19, 2023 in Pomona, Cal
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    Mario Tama via Getty Images
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    IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism

    “It is difficult to overstate the significance of today’s announcement for the clean energy market,” said Ray Long, CEO and president of the American Council on Renewable Energy.

    By Diana DiGangi • April 29, 2024
  • Wind turbines operate at a wind farm in Coachella Valley, as vehicles drive on a highway below.
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    Mario Tama via Getty Images
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    BlackRock, Temasek decarbonization venture raises $1.4B

    Decarbonization Partners surpassed its initial goal of $1 billion for its first late-stage venture capital fund.

    By • April 26, 2024
  • The exterior of a Citizens Bank is pictured.
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    Kate Tornone/ESG Dive
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    Citizens Bank funds green jobs program for New York’s offshore wind sector

    The bank’s philanthropic arm will commit $600,000 over two years to financially support Brooklyn-based youth in pursuing careers in the renewable energy sector.

    By • April 26, 2024
  • A facade of the White House in Washington, D.C.
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    Nick van Bree via Getty Images
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    EPA finalizes fossil-fueled power plant emission rules

    Electric utilities called the power plant rules “disappointing” and “unlawful” and say the rules will create reliability and affordability challenges.

    By Robert Walton • April 26, 2024
  • A person walks past the European Parliament building in Brussels, Belgium.
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    Leon Neal via Getty Images
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    Human rights and environmental legislation approved by European Parliament

    The Corporate Sustainability Due Diligence Directive holds companies and supply chain partners accountable for ESG compliance.

    By Lauren Schenkman • April 26, 2024
  • A tailor works at a sewing machine, reusing fabric from old denim clothes.
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    Natalia Khimich via Getty Images
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    Reformation reports spike in direct emissions, misses 2023 carbon intensity target

    The apparel company known for pioneering sustainable practices said it aims to slash its scope 1 and 2 emissions by 42% by 2030, compared to a 2021 baseline.

    By • April 25, 2024
  • The Wall Street sign in the Financial District of Lower Manhattan in New York City.
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    hapabapa via Getty Images
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    BofA, Goldman clean energy ratio proposals fail, despite some shareholder support

    The resolutions failed to pass despite over a quarter of voters supporting them before each of the banks' boards.

    By • April 25, 2024
  • A person silhouetted against a hazy city skyline
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    Munoz Alvarez/Getty Images via Getty Images
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    The data on climate change’s link to employee deaths, injuries

    Exposure to extreme heat, ultraviolet radiation and air pollution poses a serious threat to workers globally, the International Labour Organization said.

    By Ryan Golden • April 25, 2024
  • A closeup of JPMorgan Chase's headquarters in New York.
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    Michael M. Santiago via Getty Images
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    JPMorgan warns clean energy transition could take ‘decades or generations’

    New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.

    By • April 24, 2024