Sustainability


  • Formula 1 Driver Sebastian Vettel drives during the Monaco Grand Prix.
    Image attribution tooltip
    Christian Alminana via Getty Images
    Image attribution tooltip

    Formula 1 ‘on track’ to reach net-zero status by 2030 after emissions reduction: report

    The international racing body said its carbon footprint decreased by 13% from 2018 to 2022.

    By April 18, 2024
  • Patrick McHenry speaks during a news conference
    Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip

    House GOP spearheads legislation to strike down SEC climate disclosure rule

    The Financial Services Committee advanced a Congressional Review Act challenge to the rule by a 28-22 vote split along party lines.

    By April 18, 2024
  • Wind turbines seen behind solar panels at a wind farm. Explore the Trendline
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip
    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
  • Solar panels and wind turbines generating renewable energy for green and sustainable future.
    Image attribution tooltip
    pidjoe via Getty Images
    Image attribution tooltip
    Opinion

    The time is ripe for utilities to play a larger role in the energy transition

    Utilities should provide upfront support to low- and moderate-income customers customers for residential electrification and decarbonization measures to prevent them from being stuck on the existing fossil fuel systems.

    By Dan Bakal • April 18, 2024
  • Windmills behind a field of solar panels.
    Image attribution tooltip
    Kevork Djansezian via Getty Images
    Image attribution tooltip

    German energy company RWE issues first pair of US green bonds for $2B

    This marks RWE’s first foray into the nation’s bond market, with plans to issue $3-3.5 billion in green bonds annually in the U.S. and Europe until 2030.

    By April 17, 2024
  • The U.S. and Texas flags fly in front of high voltage transmission towers.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Texas schools fund adopts ‘ESG skeptical’ proxy voting stance

    The move comes after the Lone Star State pulled $8.5 billion from BlackRock last month over its stance on fossil fuels.

    By April 17, 2024
  • A cutaway view of the components of a Rimac-designed EV battery pack using cylindrical cells.
    Image attribution tooltip
    Courtesy of Rimac Technologies
    Image attribution tooltip

    BMW, Rimac Technology to co-produce battery tech for EVs

    The electric vehicle technology company expects the partnership — its largest and most ambitious yet — will help it become a high-volume Tier 1 automotive supplier.

    By Eric Walz • April 17, 2024
  • View of trees.
    Image attribution tooltip
    Moeru Matsunoo via Getty Images
    Image attribution tooltip

    SBTi walks back carbon offset policy changes after staff backlash

    The Science Based Targets initiative backtracked on expanding the use of environmental offsets in corporate scope 3 plans after staff called for its CEO’s resignation.

    By April 16, 2024
  • Del Monte Fruit & Oats are displayed on a table.
    Image attribution tooltip
    Rob Kim via Getty Images
    Image attribution tooltip

    Del Monte Foods reports GHG emissions reduction, sets net-zero goal for 2050

    The food producer and distributor said it aims to achieve its sustainability goals by making changes to its own operations instead of purchasing carbon credits.

    By April 16, 2024
  • Wind turbines spin over a field of canola, also called rapeseed, at a wind park on May 10, 2023 near Pinnow, Germany.
    Image attribution tooltip
    Sean Gallup via Getty Images
    Image attribution tooltip

    CIP acquires 1.3 GW of New York onshore wind projects

    Copenhagen Infrastructure Partners made the acquisition through its CI V fund, which has raised billions in capital commitments for greenfield renewable energy investments.

    By Diana DiGangi • April 16, 2024
  • A Capital One sign is seen
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    Capital One shareholders urged to approve scope 3 target-setting proposal

    The New York State Common Retirement Fund said the targets are necessary to fully assess the bank’s climate risk exposure and mitigation strategies.

    By April 15, 2024
  • The Toyota logo is displayed outside a Toyota Motor Corp. dealership.
    Image attribution tooltip
    Tomohiro Ohsumi via Getty Images
    Image attribution tooltip

    Toyota clinches $150M for new climate-focused fund

    The fund will build on the car manufacturer’s inaugural 2021 climate fund, which has backed climate tech startups and carbon capture and storage companies.

    By April 15, 2024
  • Seven bottles of different scents of Dial body wash lined up next to one another on a countertop.
    Image attribution tooltip
    Courtesy of Henkel
    Image attribution tooltip

    Henkel to engage packaging suppliers in bid to lower scope 3 emissions

    The German consumer goods company behind brands like Dial soaps and Soft Scrub cleaners says about a quarter of its value chain emissions are caused by packaging and raw materials. It’s targeting decreases by 2030.

    By Maria Rachal • April 15, 2024
  • Aerial top view of mangrove forest.
    Image attribution tooltip
    Fahroni via Getty Images
    Image attribution tooltip

    SBTi to allow for expanded carbon credit use in net-zero plans despite staff opposition

    The organization said it will not evaluate the quality of carbon credits when assessing how corporations’ strategies for scope 3 emissions abatement align with climate science.

    By April 12, 2024
  • Vehicles pass the Phillips 66 Los Angeles Refinery Wilmington Plant
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Insurers falling short on climate commitments: ShareAction

    Most insurers surveyed had few or no restrictions on conventional oil and gas in both their underwriting and investment activities.

    By Suman Bhattacharyya • April 12, 2024
  • volkswagen logo
    Image attribution tooltip
    Sean Gallup via Getty Images
    Image attribution tooltip

    Volkswagen subsidiary to pay nearly $49M in SEC fraud case

    The SEC claims the finance unit sold bonds at a time when senior Volkswagen executives knew that more than 500,000 of their vehicles in the United States “grossly exceeded legal vehicle emissions limits.”

    By Haley Cawthon • April 12, 2024
  • House Financial Committee Chair Patrick McHenry
    Image attribution tooltip
    Kevin Dietsch via Getty Images
    Image attribution tooltip

    House GOP begins congressional challenge to SEC climate disclosure rule

    House Financial Services Committee Chair Patrick McHenry said the agency’s voluntary pause is “not enough.”

    By April 11, 2024
  • Energy Department Secretary Jennifer Granholm behind a podium speaking.
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    Rooftop heat pump technologies can save US businesses $5B annually: DOE

    A new commercial heat pump accelerator program aims to halve greenhouse gas emissions and energy costs compared with natural gas-fueled heat pumps, the U.S. Department of Energy says.  

    By Nish Amarnath • April 11, 2024
  • A pile of textile scraps strewn on the ground.
    Image attribution tooltip
    Andrii Kozlytskyi via Getty Images
    Image attribution tooltip

    Majority of fashion brands won’t meet their emissions goals: report

    About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.

    By Lauren Schenkman • April 11, 2024
  • The Chevron logo is displayed at a Chevron gas station
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Chevron leads $45M investment in carbon removal company Ion Clean Energy

    The energy giant made the investment through its New Energies division, in collaboration with Carbon Direct Capital.

    By April 10, 2024
  • Clothing in landfill
    Image attribution tooltip
    Annaspoka via Getty Images
    Image attribution tooltip

    ‘It’s important to get going’: How fashion is navigating the many complexities of sustainability

    Understanding supply chains is key to both regulatory compliance and scaling solutions, executives said at an American Apparel & Footwear Association event.

    By Ben Unglesbee • April 10, 2024
  • An oil pumpjack is seen near a field of wind turbines
    Image attribution tooltip
    Brandon Bell via Getty Images
    Image attribution tooltip

    Lack of uniform standards and disclosures a roadblock to scaling transition finance: report

    Without formal definitions, metrics and transition finance instruments endorsed by international organizations, broader adoption could stall, the CFA Institute said.

    By Suman Bhattacharyya • April 10, 2024
  • FirstEnergy's 1,100-MW coal-fired Fort Martin power plant in Maidsville, West Virginia, along the Monongahela River.
    Image attribution tooltip
    BackyardProduction via Getty Images
    Image attribution tooltip

    Citi, TD, HSBC, Northern Trust added to West Virginia restricted list

    The state warned the banks in February of consequences if they "boycott" fossil fuels. BMO and Fifth Third avoided being added to the list, the state said.

    By Caitlin Mullen • April 9, 2024
  • The front of the agency headquarters, reading "United States Security and Exchange Commission" and the number 450 as a man walks in a glass door at the bottom left of the frame.
    Image attribution tooltip
    Mark Wilson/Newsmakers via Getty Images
    Image attribution tooltip

    SEC reiterates no scope 3 in final climate rule

    Agency officials are starting to educate industry stakeholders and investors on the paused rule’s required disclosures, while defending it in court.

    By April 9, 2024
  • An aerial view of a Texas Oil Refinery
    Image attribution tooltip
    Brandon Bell via Getty Images
    Image attribution tooltip

    Two-thirds of ‘sustainable’ passive funds are supporting fossil fuel expansion: Reclaim Finance

    Greenwashing threatens efforts to advance sustainability goals, researchers from the climate nonprofit say.

    By Suman Bhattacharyya • April 8, 2024
  • Oil rigs extract oil at sunrise.
    Image attribution tooltip
    David McNew via Getty Images
    Image attribution tooltip

    80% of CO2 emissions following Paris Agreement linked to 57 companies: report

    Most of the surveyed companies increased their fossil fuel production in the seven years following the climate accord, according to the Carbon Majors study.

    By April 8, 2024