Sustainability: Page 18


  • Two offshore wind turbines on the sea with a sunrise on the horizon.
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    Ian Dyball via Getty Images
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    2024 Elections

    What Trump’s reelection could mean for the IRA, offshore wind

    President-elect Trump has vowed to repeal the Inflation Reduction Act and stop offshore wind development, but clean energy advocates say his administration could benefit from both.

    By Diana DiGangi • Nov. 7, 2024
  • SEC Chair sits with an even expression
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    Chip Somodevilla via Getty Images
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    SEC says funds mischaracterizing use of ESG factors

    The assessment is part of a broader risk alert by the agency regarding the discrepancy between funds’ investment strategies and marketing literature.

    By Nov. 6, 2024
  • Visual displaying components of ESG. Explore the Trendline
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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
  • People seen walking in front of Samsonite store.
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    Stefan Sutka via Getty Images
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    Samsonite commits to renewable electricity, increased recyclability to slash emissions

    The new targets build on the luggage company’s ESG strategy, which includes a goal to achieve carbon neutrality across all operations by 2025.

    By Nov. 6, 2024
  • Building debris falling into a river. Other houses still stand by the river.
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    Sean Rayford via Getty Images
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    Climate experts launch insurance nonprofit to curb natural disaster-associated risks

    Insurance for Good aims to “harness risk transfer in support of social and environmental goals” and focus on improving disaster recovery within the United States.

    By Nov. 5, 2024
  • Aerial top view of mangrove forest.
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    Fahroni via Getty Images
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    Marsh to insure carbon credits against counterfeits, fraud

    The insurance broker said the new insurance facility will help de-risk carbon credit investments and protect companies from potential “fraudsters.”

    By Nov. 5, 2024
  • Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City.
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    Michael M. Santiago / Staff via Getty Images
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    PepsiCo gets New York plastic pollution lawsuit dismissed

    The development comes on the heels of Los Angeles County filing its own complaint against PepsiCo and Coca-Cola focused on public nuisance and alleged violations of unfair competition and false advertising law.

    By Maria Rachal • Nov. 5, 2024
  • Microsoft logo is seen in the background.
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    Jeenah Moon via Getty Images
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    Microsoft swaps concrete, steel with wood in new data centers to cut emissions

    This marks the tech giant’s latest push to reduce its carbon footprint and accelerate progress toward its sustainability targets, which include a goal to become carbon negative by 2030.

    By Nov. 4, 2024
  • A photo illustration of Kamala Harris and Donald Trump shoulder to shoulder facing away from each other. The background is a purple wave with a grid gradient.
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    Photo illustration: Industry Dive; Joe Readle/Getty Images; Brandon Bell/Getty Images

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    2024 Elections

    As US EV sales growth slows, election results could reverse or reinforce the trend

    U.S. electric vehicle sales are rising, though the rate of growth has declined in the past year. The next president may continue support for purchase incentives or seek to cut the popular tax credit, say experts.

    By Robert Walton • Nov. 4, 2024
  • People in a bar watch a TV screen with former President Donald Trump and Vice President Kamala Harrris debating.
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    Alex Wong via Getty Images
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    Deep Dive // 2024 Elections

    Election 2024: Harris, Trump present ‘diametrically opposed’ impacts on ESG

    “A Harris administration would be more favorable for the interests of ESG investors whereas a Trump administration would be antagonistic,” according to Morningstar Indexes’ head of strategy.

    By , Nov. 1, 2024
  • Engineer in blue suit and protective helmet installing photovoltaic panel system.
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    Eloi_Omella via Getty Images
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    ENGIE strikes deal with Meta to supply 260 MW of solar

    The project is located in Milam County, Texas, and will supply power to a Meta data center 10 miles away in Temple. 

    By Diana DiGangi • Nov. 1, 2024
  • Silhouette of business people negotiating at meeting table
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    Stock via Getty Images
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    Opinion

    In the wake of increased scrutiny, ESG leaders aren’t backing down.

    Amid a polarized political landscape, companies are beginning to view sustainability and corporate social responsibility through the same strategic lens.

    By Sona Khosla • Oct. 31, 2024
  • A paper-based cup and a wooden stir stick with Southwest Airlines branding sit on an airline tray table next to a window.
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    Courtesy of Southwest Airlines
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    Southwest Airlines brings bamboo on board to reduce plastic in new cups

    The airline recently stirred up change when it began stocking the bamboo-based cold beverage cups and wooden stir sticks, following a yearlong R&D process stemming from plastic reduction goals. 

    By Katie Pyzyk • Oct. 31, 2024
  • The HSBC logo is seen outside a bank branch.
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    Matt Cardy via Getty Images
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    HSBC drops CSO from exec board, insists it’s not gearing up to split

    The bank confirmed Tuesday that Chief Sustainability Officer Celine Herweijer will not be a part of its re-organized executive operating committee.

    By Dan Ennis • Oct. 31, 2024
  • A view of the exterior of The Morgan Stanley Headquarters
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    Michael Lawrence via Getty Images
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    Morgan Stanley adjusts climate targets with Paris Agreement goal slipping

    The bank’s 2030 targets now include a net-zero scenario that would limit additional temperature rise to 1.7°C, as aspirations for limiting global warming to 1.5°C fade.

    By Oct. 30, 2024
  • Man standing at podium in front of blue backdrop on stage
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    Sean Gallup via Getty Images
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    Net-Zero Asset Owner Alliance members invested $175B in climate solutions in 2023: report

    The UN-backed group said its 88 members have committed a total of $555 billion towards climate-focused investments from its inception through last year.

    By Oct. 30, 2024
  • The exterior of Populus at a downtown Denver intersection.
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    Courtesy of Jason O'Rear
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    ‘Carbon positive’ hotel opens in Denver

    Populus says it is the first hotel in the U.S. to reduce more carbon than it creates.

    By Noelle Mateer • Oct. 30, 2024
  • The United Nations logo is seen on a fence.
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    Michael M. Santiago via Getty Images
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    UN says current climate policies and pledges ‘nowhere near’ meeting 1.5°C goal

    The United Nations said as it stands now, the 2015 Paris Agreement goal “will be dead within a few years.”

    By Oct. 29, 2024
  • SEC logo is on display outside its building in Washington, D.C.
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    Chip Somodevilla via Getty Images
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    SEC panel urged to back shareholder rights, proposal process

    Shareholders’ rights advocates urged the agency's Investor Advisory Committee to defend the current proposal process as a “vital right of shareholders” against attempts to dilute them.

    By Oct. 29, 2024
  • A building facade with the Microsoft logo and it's night time
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    Jeenah Moon via Getty Images
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    Microsoft clinches ocean-based carbon removal deal with Ebb Carbon

    The tech giant will contract an initial 1,333 tons of carbon dioxide removal with options to purchase up to 350,000 tonnes of removal over 10 years.

    By Oct. 28, 2024
  • Benzene, class action, Gill jury verdict, Pennsylvania court
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    Lanier via Getty Images
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    ExxonMobil’s $816M verdict latest in series of rulings seeking environmental justice

    No easing is in sight as companies face backlash for the impact their products have on the environment and public safety, a ruling shows. 

    By Jennifer Paley • Oct. 28, 2024
  • A person wearing a uniform and hard hat looks down at a device in their hands. Behind the person are pipes and industrial equipment silhouetted against the sunset.
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    halbergman via Getty Images
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    California’s first carbon capture and storage facility gets local approval

    The decision follows heated debate among community members about the project’s economic and health impacts.

    By Ysabelle Kempe • Oct. 28, 2024
  • An aerial view of part of Climeworks' Mammoth direct air capture and storage plant
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    Courtesy of Climeworks — The Mammoth plant
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    Morgan Stanley inks carbon removal deal with Climeworks

    The deal is the financial institution’s first foray into direct air capture credit purchasing and expands Climeworks’ U.S. footprint.

    By Oct. 25, 2024
  • Three compostable Sabert trays with chopped vegetables on a table
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    Courtesy of Sabert Corp.
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    Q&A

    5 questions for Sabert’s new chief sustainability officer

    Richa Desai discusses what it’s like to lead sustainability strategy at a private food packaging company in a changing landscape.

    By Maria Rachal • Oct. 25, 2024
  • The label on Levi's jeans
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    Sean Gallup via Getty Images
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    Denim meets decarbonization: Levi’s unveils first climate transition plan

    The denim manufacturer has committed to achieving net-zero emissions by 2050 and reducing scope 3 emissions 42% by 2030.

    By Oct. 25, 2024
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    Chip Somodevilla via Getty Images
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    SEC slaps $4M fine on WisdomTree over greenwashing

    The Securities and Exchange Commission is fining the New York-based asset manager for falsely advertising the investment strategy of three funds to have considered ESG factors.

    By Oct. 24, 2024