Sustainability: Page 27
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Q&ARegulations could improve ESG in fashion, but Worldly exec says it’s not enough
James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.
By Laurel Deppen • May 16, 2024 -
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Congressional Democrats urge SEC to finalize ‘critical’ ESG greenwashing rule
The lawmakers said the rule will address misleading information about sustainable funds “and other exaggerated or unfounded ESG-related claims amongst funds and investment advisers.”
By Lamar Johnson • May 15, 2024 -
Explore the Trendline➔
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TrendlineThe evolution of the voluntary carbon credit market
Companies are increasingly relying on carbon credits to cut their emissions and meet climate goals, despite a dynamic regulatory environment and increased ESG scrutiny.
By ESG Dive staff -
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Meta to bring 210 MW of solar energy to Indiana
The tech company’s agreement with Solarpack will help deliver renewable energy to support Meta’s operations in the state and build on its decarbonization goals.
By Zoya Mirza • May 15, 2024 -
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Biden hikes tariffs on China-made EVs, batteries, semiconductors
The tariffs align with U.S. efforts to get ahead of China in clean energy and advanced technology manufacturing, while also increasing supply chain control.
By Kate Magill • May 15, 2024 -
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Global banks have spent $6.9 trillion on fossil fuels since 2016: report
U.S. banks accounted for 30% of the $705 billion private global banks spent on fossil fuel financing in 2023, per the Banking on Climate Chaos report.
By Lamar Johnson • May 14, 2024 -
Permission granted by Aspiration
Aspiration spins off consumer financial brand into new sustainability-focused company
The standalone company, helmed by Tim Newell, will continue to operate under the Aspiration brand name and focus on offering climate-friendly products.
By Rajashree Chakravarty • May 14, 2024 -
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Standard Chartered pledges to reduce methane emissions generated by oil and gas clients
The goal aligns with the British bank’s goal to decrease its financed carbon emissions and accelerate its pathway to net-zero status by 2050.
By Zoya Mirza • May 13, 2024 -
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Barclays pressed on climate commitments and Gaza at annual meeting
The bank was asked to pull back financing for its North American fracking operations during the meeting as it faced protests over its alleged ties to the war in the Middle East outside the venue.
By Zoya Mirza • May 10, 2024 -
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Sustainable investing positioned for ‘secular growth,’ despite ESG pushback: Morgan Stanley
Green and sustainable bond issuance reached $281 billion in Q1, up 36% from $207 billion in the previous quarter, according to Moody’s Investors Service.
By Suman Bhattacharyya • May 10, 2024 -
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Climate risks ‘highly uncertain and challenging to measure,’ banks tell Fed
In the climate scenario exercise, the nation’s six biggest banks found data gaps in real estate exposure, insurance, debtors’ transition risk management and infrastructure, the Fed said.
By Caitlin Mullen • May 10, 2024 -
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Oklahoma judge hits pause on state’s anti-ESG law
A district court judge issued a temporary injunction Tuesday, blocking enforcement of a state law which boycotted firms over their alleged stance on fossil fuels.
By Zoya Mirza • May 9, 2024 -
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Snickers owner Mars commits $47M to slash dairy emissions
The confectionery giant is testing seaweed feed supplements and plans to open three net-zero farms as it looks to halve its carbon footprint by 2030.
By Sarah Zimmerman • May 9, 2024 -
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High interest rates hit renewable energy harder than natural gas: Wood Mackenzie
A 2 percentage point increase in interest rates pushes up the levelized cost of electricity for renewables by as much as 20%, according to an analysis by the energy research firm.
By Emma Penrod • May 9, 2024 -
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OpinionThere are 3 fundamental problems with scope 2 emissions accounting. Here’s how to fix them.
Society cannot afford actions and expenditures to support claims of progress while not accomplishing real-world emission reductions.
By Neil Fisher, Roger Ballentine and Armond Cohen • May 8, 2024 -
Courtesy of BMW Group AG
BMW’s future EVs will support bidirectional charging
The automaker’s next generation of vehicles will be able to store energy to send back to the grid.
By Eric Walz • May 8, 2024 -
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Microsoft pens landmark carbon removal contract with Stockholm Exergi
The carbon removal deal — which both companies said is the “largest to date” — will allow the tech giant to permanently remove 3.3 million metric tons of carbon dioxide.
By Zoya Mirza • May 7, 2024 -
Oli Scarff via Getty Images
Oklahoma adds Barclays to anti-ESG list
The British bank joins JPMorgan Chase, BlackRock, Bank of America, Wells Fargo and State Street and eight other financial institutions on the list.
By Rajashree Chakravarty • May 7, 2024 -
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81% of companies not covered by CSRD still plan to comply: Workiva
Workiva’s global vice president of ESG said the EU’s Corporate Sustainability Reporting Directive is becoming the “gold standard,” with or without the SEC’s climate rule.
By Lamar Johnson • May 7, 2024 -
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FTC greenlights $64.5B Exxon-Pioneer merger, bars former CEO from board seat
The Federal Trade Commission blocked the former CEO of Pioneer Natural Resources from joining the new company’s board of directors over concerns of colluding with OPEC.
By Zoya Mirza • May 6, 2024 -
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Climate change to continue to drive inflation, especially in Global South
‘Decisive mitigation’ could curb the inflationary impacts of climate change, though some effects are unavoidable, researchers say.
By Suman Bhattacharyya • May 6, 2024 -
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International, domestic energy policies should embrace gas as transition fuel: EFI report
Natural gas exports from the United States help to support energy security, equity and sustainability around the globe, said EFI Foundation CEO Ernest Moniz, who served as U.S. Secretary of Energy under President Obama.
By Robert Walton • May 6, 2024 -
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Frontier signs $58.3M deal with bio-waste carbon removal startup Vaulted Deep
The deal will allow Frontier, backed by Stripe, Alphabet, Meta and others, to remove 152,480 tons of carbon dioxide between 2024 to 2027.
By Zoya Mirza • May 3, 2024 -
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BlackRock shareholders urged to oppose Aramco CEO’s board re-appointment
The New York City Comptroller said Aramco and BlackRock’s prior business relationships compromise Amin Nasser’s ability to serve as an independent member of the board.
By Lamar Johnson • May 2, 2024 -
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EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply
Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.
By Zoya Mirza • May 2, 2024 -
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Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW
Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.
By Ethan Howland • May 2, 2024
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