Sustainability: Page 25
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Hershey ramps up renewable energy sourcing to slash emissions
The chocolate manufacturer increased its procurement of electricity from green sources to 80% in 2023, up from 77% in 2022 — a rise it attributed to PPAs and clean energy credits.
By Zoya Mirza • June 14, 2024 -
Andrew Burton via Getty Images
BlackRock launches ‘transition aware’ funds overseas, as it shies away from ESG in US
The climate-focused funds will be listed in the European Union and will invest at least 80% of their assets in ESG-aligned activities.
By Lamar Johnson • June 14, 2024 -
Courtesy of Tesla Inc.
EV adoption falls to its lowest point since 2021: JD Power
Meanwhile, electric vehicles are more available than they’ve ever been.
By Kalena Thomhave • June 14, 2024 -
Drew Angerer via Getty Images
Microsoft leans on forest management for carbon removal credits
The tech giant will purchase over 970,000 nature-based carbon removal credits derived from Anew Climate’s expansive portfolio of afforestation projects across the U.S.
By Zoya Mirza • June 13, 2024 -
Jemal Countess via Getty Images
Witnesses combat House panel report of ‘collusion’ on decarbonization
A day after the Judiciary Committee’s report, witnesses from Ceres, Arjuna Capital and CalPERS disputed claims alleging their work constitutes antitrust violations.
By Lamar Johnson • June 13, 2024 -
RoschetzkyIstockPhoto via Getty Images
NextEra Energy Resources, Entergy strike 4.5 GW solar and storage development deal
The five-year agreement will allow Entergy to access NextEra Energy’s supply chain and its development expertise to expand Entergy’s renewable energy portfolio.
By Emma Penrod • June 13, 2024 -
Justin Sullivan via Getty Images
California goes after Big Oil’s ‘illegal’ profits over alleged greenwashing
ExxonMobil, Shell, Chevron, ConocoPhillips, BP and the American Petroleum Institute may be required to surrender profits gained from false advertising, according to an amended complaint filed Monday.
By Zoya Mirza • June 12, 2024 -
Chip Somodevilla via Getty Images
House Judiciary: Climate groups and activists ‘colluding’ on decarbonization
The interim report from the years-long probe accuses groups in the financial system of forming a “climate cartel” that “has declared war on the American way of life.”
By Lamar Johnson • June 12, 2024 -
Drew Angerer via Getty Images
House Oversight Committee probes IRS over ESG policies
Committee Chair James Comer asked IRS Commissioner Daniel Werfel to explain how the agency ensures state retirement plans invest for the “exclusive benefit” of enrollees.
By Zoya Mirza • June 11, 2024 -
Chip Somodevilla via Getty Images
Deep DiveDrive for energy permitting reform fuels tensions between climate, environmental justice advocates
A simplified permitting process would speed the deployment of clean energy, but some EJ advocates are concerned about unintended consequences.
By Diana DiGangi • June 11, 2024 -
ppengcreative via Getty Images
Sponsored by EnergyCAPFilm studios prioritize energy efficiency: A look at Garden Studios’ innovative approach
By adopting EnergyCAP SmartAnalytics, Garden Studios not only upholds its commitment to environmental stewardship but also sets a benchmark for other studios to follow.
June 10, 2024 -
David McNew via Getty Images
Scope 3 reporting is increasing, but cultural gaps undermine companies’ confidence in results
Internal considerations, including ROI and buy-in from CFOs and others, may hinder investments in reporting tools, a Reuters survey found.
By Suman Bhattacharyya • June 7, 2024 -
Courtesy of Volvo Cars
$1.3B earmarked for EV charging network expansion in US
The Biden-Harris Administration aims to accelerate public and private investment in clean transportation with the historic grant funding.
By Haley Cawthon • June 7, 2024 -
Sean Rayford via Getty Images
Senate panel worries climate change is pushing insurance markets to the brink
Witnesses and the committee’s chair drew parallels between the current home insurance market and conditions leading up to the 2007-08 recession.
By Lamar Johnson • June 6, 2024 -
Zoya Mirza/ESG Dive
The fashion industry’s ‘urgent need’ for sustainable practices
It is “incumbent” on the industry to “bring new solutions forward,” said experts and stakeholders at the United Nations Fashion and Lifestyle Network annual meeting.
By Zoya Mirza • June 6, 2024 -
Julie Strupp/ESG Dive
How climate change is hitting highways
Resilience is a key consideration for road builders amid a slew of new environmental conditions, said a Federal Highway Administration official at the recent NIBS conference in Washington, D.C.
By Julie Strupp • June 6, 2024 -
Spencer Platt/Getty Images via Getty Images
Sierra Club, NRDC drop legal challenges to SEC climate rule
The two environmental groups have decided to focus resources elsewhere to improve climate-related financial disclosures.
By Lamar Johnson • June 5, 2024 -
Johannes Simon via Getty Images
2 major EU sustainability and human rights regulations signed into law
The rules, which ban destruction of unsold textiles among other things, aim to redefine product standards and promote sustainability.
By Lauren Schenkman • June 5, 2024 -
Mario Tama via Getty Images
Energy Capital Partners secures $6.7B to invest in clean energy industry
The New Jersey-based private equity firm said its fifth flagship fund would invest in companies focused on power generation, decarbonization and renewable and storage assets.
By Zoya Mirza • June 4, 2024 -
Kylie Cooper via Getty Images
Vermont sends climate change tab to fossil fuel companies
The Green Mountain State passed legislation which holds oil and gas companies financially accountable for damage caused by climate change.
By Lamar Johnson • June 4, 2024 -
Getty Images via Getty Images
IFRS, GRI seek full interoperability as global jurisdictions align with ISSB
The organization behind the International Sustainability Standards Board also said jurisdictions accounting for 55% of global GDP are aligning with its frameworks.
By Lamar Johnson • June 3, 2024 -
Brandon Bell via Getty Images
ExxonMobil’s ongoing war on ESG
The oil major is forging ahead with legal action against shareholders who pushed for climate action, despite resistance from state funds and finance officials who have rallied against its suit.
By Zoya Mirza , Lamar Johnson • Updated June 18, 2024 -
lucky-photographer via Getty Images
SBTi tightens target-setting guidelines for financial institutions
This is the first time public banks and asset managers have been looped into SBTi’s framework, which also includes fossil fuel financing target guidelines for the first time.
By Lamar Johnson • May 31, 2024 -
Asanka Ratnayake via Getty Images
Asset, pension managers bolster Climate Action 100+ after member exodus
The investor group was backed by the nation’s largest retirement fund and other pension systems Tuesday after it lost JPMorgan, State Street and PIMCO as members earlier this year.
By Zoya Mirza • May 31, 2024 -
Mario Tama via Getty Images
Treasury issues proposed guidance on technology-neutral clean energy tax credits
The new credits, which cover wind, solar, hydropower, nuclear, geothermal and other technologies, are “one of the [Inflation Reduction Act’s] most significant reforms,” the Treasury Department said in a release.
By Diana DiGangi • May 31, 2024
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