Sustainability: Page 27
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White House funds $6B to decarbonize US industrial sector
The Department of Energy offered grants for 33 projects in eight historically high carbon-emitting industries such as aluminum, concrete and chemicals.
By Joelle Anselmo • April 2, 2024 -
Understanding a company’s business is ‘critical’ for its decarbonization strategy, sustainability leaders say
Executives at Responsible Business USA said cross-collaboration between leaders, teams and different regions of a company is essential for meeting sustainability goals.
By Zoya Mirza • April 2, 2024 -
Citi says 71% of energy clients lack substantive transition plan or ‘ability to execute’
The bank made the disclosure in its latest climate report in response to a proposal that had been put forward by shareholder advocacy group As You Sow.
By Lamar Johnson • April 1, 2024 -
Ørsted, Avangrid and two others submit bids to first-ever 3-state offshore wind solicitation
The five proposed projects total 5,455 MW of potential capacity.
By Diana DiGangi • April 1, 2024 -
Verizon joins RE100 climate initiative, builds on 2030 renewables goal
The network provider previously said it aims to source or generate 100% renewable energy by the end of the decade.
By Zoya Mirza • March 29, 2024 -
SEC asks 8th Circuit not to pause climate rule pending challenges
The agency said Liberty Energy and Nomad Proppant Services have “identified no imminent harm” that would justify halting the rule’s implementation.
By Lamar Johnson • March 29, 2024 -
Nissan’s new EV plan aims for significant cost reduction
‘The Arc’ plan includes launching new EVs, manufacturing improvements and the adoption of new technologies to boost global sales.
By Eric Walz , Michael Brady • March 29, 2024 -
Mississippi hits BlackRock with cease and desist order over ESG investments
The secretary of state accused the world’s largest asset manager with securities fraud and said it could face a multimillion-dollar administrative penalty.
By Lamar Johnson • March 28, 2024 -
Sustainable sourcing platform Circular eyes expansion with $10.5M in funding
Circular plans to expand internationally, add employees and introduce materials besides plastics to the platform.
By Katie Pyzyk • March 28, 2024 -
SEC battles climate disclosure rule legal challenges
The agency faces nine petitions to the rule consolidated in the U.S. Eighth Circuit of Appeals, including suits collectively co-filed by 25 states.
By Zoya Mirza , Lamar Johnson • Updated Aug. 20, 2024 -
"U.S. Securities and Exchange Commission headquarters" by AgnosticPreachersKid is licensed under CC BY 3.0Opinion
The SEC makes the call: Climate risk equals financial risk
When the SEC’s climate disclosure rule is paired with other climate reporting directives, the shift within the financial landscape will be monumental.
By Bob Hinkle • March 27, 2024 -
Labor Dept. responds to Republican AGs appeal of ESG 401(k) rule
Liberty Energy, which also is challenging the Securities and Exchange Commission’s climate disclosure rule, joined the 26 states in the appeal.
By Lamar Johnson • March 26, 2024 -
House Judiciary subpoenas As You Sow CEO, expands antitrust probe
The Republican-led committee has summoned Andrew Behar, head of the shareholder advocacy group, for a deposition later this week as part of its ongoing ESG probe.
By Zoya Mirza • March 26, 2024 -
Citi agrees to disclose green financing ratios, following JPMorgan
The New York City comptroller has withdrawn shareholder proposals with the two banks. The measure faces votes at four other banks.
By Lamar Johnson • March 25, 2024 -
Column
ESG isn’t just BlackRock’s fight
If it seems like banks are backing off of their sustainability efforts, comments from Barclays, TD and UBS may give added perspective.
By Dan Ennis • March 25, 2024 -
Treasury issues clarifying guidance on the IRA’s energy community bonus credit
The guidance expands the definition of an energy community and the nameplate capacity attribution rule for offshore wind projects.
By Diana DiGangi • March 25, 2024 -
Nestlé launches pair of initiatives to decarbonize cocoa supply chain
The global food company said its new projects aim to reduce and remove over 500,000 metric tons of carbon over a 20-year period.
By Zoya Mirza • March 22, 2024 -
SEC to face all climate rule challenges in U.S. 8th Circuit Court of Appeals
The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.
By Lamar Johnson • March 22, 2024 -
Flexing for the planet: How Walmart crushed its supplier emissions target
The retail giant leaned on education, financing and recognition to get its supply chain on board with Project Gigaton, a sustainability executive with the company told Supply Chain Dive.
By Ben Unglesbee • March 22, 2024 -
Texas schools fund pulls $8.5B from BlackRock over ESG
The divestment is the latest from the Lone Star State, which has already placed BlackRock on restricted lists over its stance on fossil fuels.
By Zoya Mirza • March 21, 2024 -
White House unveils zero-emission truck charging, fueling infrastructure plan
The plan will guide zero-emission, medium- and heavy-duty truck charging and hydrogen fueling infrastructure deployment through 2040.
By Colin Campbell • March 21, 2024 -
House GOP continues to hammer SEC over climate rule
The House Financial Services Committee questioned the agency’s authority to promulgate the climate disclosure regulation both in the chamber and on the road.
By Lamar Johnson • March 21, 2024 -
EPA softens vehicle emissions standards in win for automakers
The final rule steadily tightens the requirements, giving automakers more time to ramp up EV sales.
By Michael Brady • March 21, 2024 -
Morningstar launches indexes on companies’ transition to low carbon economy
The financial services firm believes the indexes offer “a very different way” for investors who want to target the climate transition, while “maintaining exposure to high carbon-intensive sectors.”
By Lamar Johnson • March 20, 2024 -
South Fork Wind becomes first US utility-scale offshore wind farm to complete construction
The completion of Ørsted and Eversource’s 130-MW project gets New York closer to its goal of deploying 9 GW of offshore wind by 2035.
By Diana DiGangi • March 20, 2024