Sustainability: Page 26
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Joe Raedle / Staff via Getty Images
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 Lamar Johnson • April 15, 2024 -
Tomohiro Ohsumi via Getty Images
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 Zoya Mirza • April 15, 2024 -
Courtesy of Henkel
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 -
Fahroni via Getty Images
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 Lamar Johnson • April 12, 2024 -
Mario Tama via Getty Images
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 -
Sean Gallup via Getty Images
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 -
Kevin Dietsch via Getty Images
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 Lamar Johnson • April 11, 2024 -
Chip Somodevilla via Getty Images
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 -
Andrii Kozlytskyi via Getty Images
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 -
Mario Tama via Getty Images
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 Lamar Johnson • April 10, 2024 -
Annaspoka via Getty Images
‘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 -
Brandon Bell via Getty Images
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 -
BackyardProduction via Getty Images
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 -
Mark Wilson/Newsmakers via Getty Images
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 Lamar Johnson • April 9, 2024 -
Brandon Bell via Getty Images
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 -
David McNew via Getty Images
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 Zoya Mirza • April 8, 2024 -
deepblue4you/iStock/Getty Images Plus via Getty Images
After months of conflict, Stellantis strikes emissions deal with California
The automaker will follow the state’s emissions standards, even if the federal government or judicial action bars the state from enforcing them.
By Kalena Thomhave • April 8, 2024 -
Matt Cardy via Getty Images
RBC joins Citi, JPMorgan in disclosing green financing ratios
New York City Comptroller Brad Lander announced this week that the shareholder proposals put forward by the city’s retirement system have been pulled at all three banks.
By Lamar Johnson • April 5, 2024 -
Imaginima via Getty Images
OpinionGrid reliability’s core challenge is governance, not a changing resource mix
An outdated and parochial oversight system is the biggest threat to U.S. grid reliability.
By Alexandra Klass, Josh Macey, Shelley Welton and Hannah Wiseman • April 5, 2024 -
Brendan Smialowski via Getty Images
SEC stays climate-risk disclosure rule as it works through legal challenges
The agency maintains that the regulation is within the agency’s authority and said it “will continue vigorously defending the Final Rules’ validity in court.”
By Lamar Johnson • April 4, 2024 -
Bilanol via Getty Images
How solar manufacturers can leverage IRA clean energy tax credits
More than 500 companies and 45,500 projects registered for clean energy tax credits under the law as of March 8.
By Joelle Anselmo • April 4, 2024 -
Justin Sullivan / Staff via Getty Images
Southwest Airlines acquires DOE-backed SAFFiRE Renewables
The airline’s acquisition of the corn parts-to-ethanol producer pairs with a prior investment in ethanol-to-SAF producer LanzaJet.
By Lamar Johnson • April 3, 2024 -
Zoya Mirza/ESG Dive
Regulation compliance and curbing emissions were key themes at Responsible Business USA 2024
Panel discussions centered on decarbonizing supply chains, navigating a complex political climate, preparing emissions disclosures and more.
By Zoya Mirza • April 3, 2024 -
Courtesy of Mainspring Energy
Schneider Electric to use Mainspring Energy’s fuel-flexible generator to speed access to clean power
The generator's modularity and potential capacity represent a “sweet spot” for industries with growing interest in microgrids, including logistics and data centers, said a senior vice president for microgrids at Schneider Electric.
By Emma Penrod • April 3, 2024 -
Felbaba Volodymyr via Getty Images
Goldman renewables spinoff MN8 Energy secures $325M investment
Ridgewood Infrastructure and Switzerland-based Mercuria Energy both secured observer seats on the renewable energy company’s board of directors as part of the transaction.
By Lamar Johnson • April 2, 2024
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