Sustainability: Page 23


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    Opinion

    Navigating sustainability standards: A hotelier’s guide for choosing the right green certification

    Alina Arnelle, chief sustainability officer at BeCause, shares five strategies to help hotels identify green certifications with the most value.

    By Alina Arnelle • March 6, 2025
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    Demand for renewable energy projects remains strong, but supply is growing: LevelTen Energy

    As more developers are forced to sell early-stage projects, a glut of supply is eroding renewable energy profits, according to data from LevelTen Energy.

    By Emma Penrod • March 5, 2025
  • Trendline

    Top 5 stories from ESG Dive

    The landscape for ESG continues to shift, as U.S. exits from major climate agreements and organizations are juxtaposed with states forging ahead with their own climate disclosure laws.

    By ESG Dive staff
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    Sean Gallup via Getty Images
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    Mars pledges $27M to slash dairy emissions

    The confectionery giant is partnering with New Zealand-based dairy co-operative Fonterra to fund more sustainable farming practices.

    By Kelly Stroh • March 5, 2025
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    CarbonQuest nabs $20M to boost building decarbonization

    The carbon capture technology provider said it will use this funding to scale its tech and circulate it to a wider range of clients across North America, as well as hire more talent.

    By March 5, 2025
  • "Hon. Lee M. Zeldin," as a placard states, sits at a table with a microphone in front of a crowd in a hearing room.
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    Anna Moneymaker via Getty Images
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    EPA $20B funding freeze leaves ‘green bank’ nonprofits unable to pay bills

    The Climate United Fund, which received a $6.97 billion Greenhouse Gas Reduction Fund grant, will soon become unable to make payroll or disburse funding to its contracted borrowers, said a spokesperson.

    By Diana DiGangi • March 4, 2025
  • A sign reading Goldman Sachs is seen on a wood-grained wall.
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    Goldman Sachs launches biodiversity bond fund to support SDGs

    The fund became “one of the first fixed income funds” to focus on biodiversity conservation and remediation and support the United Nations’ Sustainable Development Goals.

    By March 4, 2025
  • A Wells Fargo bank signage is seen on Broadway on December 20, 2022 in New York City.
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    Michael M. Santiago via Getty Images
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    Wells Fargo scraps net-zero target as banks recalibrate sustainability strategy

    The bank is dropping its goal of achieving net-zero financed emissions across its portfolio by 2050, in addition to 2030 targets it set for sector-specific financed emissions.

    By March 3, 2025
  • team brainstorming in ESG (environment,socail,governance) sustainability business goals
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    92% of CFOs plan to boost sustainability spending

    A majority of companies expect to allocate more than 2% of revenue to sustainability initiatives this year.

    By David McCann • March 3, 2025
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    BP cuts renewable spending, doubles down on fossil fuels in strategy reset

    The U.K.-based oil major said its investments in the clean energy transition business will now be “significantly lower” and range between $1.5 billion to $2 billion per year.  

    By Feb. 28, 2025
  • The flag of the UK flies in cloudy skies, the Big Ben featured in the foreground.
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    One of UK’s largest pension funds picks Amundi, Invesco to manage bulk of its portfolio

    The People’s Pension credited the firms’ “commitment to responsible investment” for the move. State Street previously managed the fund’s entire portfolio.

    By Feb. 28, 2025
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    Anti-ESG groups intensify activism early in 2025 proxy season

    Opposition to corporate sustainability efforts has grown in recent years, culminating in an anti-ESG order by President Donald Trump last month.

    By Jim Tyson • Feb. 28, 2025
  • 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 omnibus proposal, trims sustainability reporting requirements

    The simplified package would remove 80% of companies from the scope of the Corporate Sustainability Reporting Directive and delay reporting timelines.

    By Feb. 27, 2025
  • A sign for an Ikea furniture store is seen on February 26, 2024 in Round Rock, Texas.
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    Brandon Bell via Getty Images
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    Ikea revises zero emission delivery goal, lowers ambition

    The global furniture retailer said it was revising a goal to use zero emission vehicles for home deliveries by 2025 and now aiming to reach 90% of this target by 2028.

    By Feb. 26, 2025
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    SEC updates guidance on ESG engagement disclosures, prompts temporary confusion

    BlackRock and Vanguard, the nation’s largest asset managers, temporarily paused shareholder engagement meetings after a recent update to agency guidance.

    By Feb. 25, 2025
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    Bloomberg unveils climate tool focused on portfolio risk management

    Bloomberg’s MARS Climate aims to help portfolio managers and investors assess and manage the financial risks associated with climate change.

    By Feb. 24, 2025
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    Dan Kitwood via Getty Images
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    TikTok taps Climeworks for carbon removal deal

    The social media giant has inked a multi-year partnership to have Climeworks remove 5,100 tons of emitted carbon dioxide from the air by 2030.

    By Feb. 21, 2025
  • Aerial view of wind turbines taken with a drone in Vermont.
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    Trump’s tariffs could raise onshore wind turbine costs by 7%, slow development: WoodMac

    Wind generation deployments could be reduced by nearly a third by the end of this decade due to the tariffs, according to a Wood Mackenzie analyst.

    By Emma Penrod • Feb. 21, 2025
  • The HSBC logo is seen outside a bank branch.
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    Matt Cardy via Getty Images
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    HSBC delays net-zero emissions goal by 20 years

    The U.K.-based bank said it was “revising [its] ambition” and delaying its target of hitting net-zero across its operations, business travel and supply chain from 2030 to 2050.

    By Feb. 20, 2025
  • 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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    Dems ask SEC, DOL to not issue anti-ESG rules: Exclusive

    A coalition of 17 blue state finance officials sent a letter to the agencies to counter prior assertions made by their Republican colleagues.

    By Feb. 20, 2025
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    CSDDD is a ‘non-tariff barrier’ for US companies: House Financial Services Chair

    Rep. French Hill said during a webinar that the Corporate Sustainability Due Diligence Directive will create costly barriers for U.S. corporations to do business in and engage with the bloc. 

    By Feb. 19, 2025
  • JPMorgan Chase building signage in New York City
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    Michael M. Santiago / Staff via Getty Images
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    Climate change should be incorporated into ‘daily decision-making’: JPMorgan

    “Understanding climate risk is important for staying ahead in the financial landscape,” JPMorgan’s chief risk officer and global head of corporate advisory wrote in a new report.

    By Feb. 19, 2025
  • An array of solar panels stands on a farm
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    Manufacturers’ 2025 sustainability priorities

    Companies are sticking with their long-term emissions goals and strategies amid changing federal regulations.

    By Michelle No • Feb. 19, 2025
  • Pennsylvania Gov. Josh Shapiro speaks at a podium.
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    Pennsylvania Gov. Shapiro sues Trump admin over IRA funding freeze

    The state’s agencies have limited access to over $3.1 billion in funding for activities including distributed solar deployment, well plugging and weatherization, according to the lawsuit.

    By Diana DiGangi • Feb. 18, 2025
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    The SEC has requested to delay climate rule arguments. What’s next?

    Sustainable investing experts are not surprised by the delay and say it is expected to have minimal immediate impact.

    By Feb. 13, 2025
  • A brown recycling tage lies on top of a brown knit fabric.
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    Opinion

    Sustainability is a lasting fashion statement

    Brands can build consumer trust and increase shareholder value by considering ESG impacts, writes Marco Valverde, apparel national practice leader at Moss Adams.

    By Marco Valverde • Feb. 13, 2025