Sustainability: Page 3

  • European Union flags are pictured waving outside the European Commission building.
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    Carl Court via Getty Images
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    Bloomberg launches CSRD data tool as reporting deadlines begin to loom

    “Better data drives better investment decisions,” Bloomberg’s global head of sustainable finance solutions said in a release.

    By • June 24, 2024
  • Plastic Pepsi soda bottles encased in paper packaging
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    Courtesy of PepsiCo
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    PepsiCo anticipates missing certain 2025 packaging sustainability goals

    The same day the company released its ESG report acknowledging it’s unlikely to hit a 2025 packaging circular design target, the city of Baltimore sued PepsiCo and others for their “significant roles in creating a plastic pollution crisis.”

    By Katie Pyzyk • June 24, 2024
  • Wind turbines seen behind solar panels at a wind farm. Explore the Trendline➔
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    Mario Tama via Getty Images
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    Trendline

    Sustainability initiatives gain traction against backdrop of climate disclosure rules

    Several companies have already committed to achieving net-zero emissions by 2050 and many have also set near-term targets to curb their carbon footprint by the end of the decade.

    By ESG Dive staff
  • he U.S. and Texas flags fly in front of high voltage transmission towers
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    Justin Sullivan via Getty Images
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    Anti-ESG laws challenge fiduciary obligations, add significant reporting burden: PRI

    The impact of anti-ESG legislative efforts is uncertain and could affect capital availability for businesses and investment vehicles that have a sustainability or social focus, experts say.

    By Suman Bhattacharyya • June 21, 2024
  • People walk up from the plaza at the Citigroup Center November 17, 2008 in New York City. Citigroup
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    Chris Hondros / Staff via Getty Images
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    Citi calls carbon emissions report from environmental group ‘misleading’

    Stand.earth reported earlier this week that the bank is a leading financier of the maritime liquefied natural gas industry, but the bank takes issue with the methodology used.

    By • June 20, 2024
  • Steam and exhaust rise from a power plant.
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    Lukas Schulze via Getty Images
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    Workiva launches sustainable solutions platform, acquires carbon accounting firm

    The ESG reporting software firm said its new platform will let companies “prepare and file audit-ready financial and non-financial reports” amid growing disclosure requirements.

    By • June 20, 2024
  • A worker assembles Volkswagen's ID.3 electric car at a factory in Germany.
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    Jens Schlueter via Getty Images
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    Trump could roll back Inflation Reduction Act tax credits if reelected

    Volkswagen and Samsung SDI leaders expressed concerns at a conference last week about the stability of the IRA should the administration change.

    By Kate Magill • June 20, 2024
  • The Salesforce logo is seen at its headquarters in San Francisco
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    Stephen Lam via Getty Images
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    Salesforce announces spate of climate investments

    The three new investments include joining a decarbonization initiative, a PPA for a 27-megawatt solar project and committing almost $4 million to climate-focused philanthropy.

    By • June 18, 2024
  • Prices are displayed at an ExxonMobil gas station
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    Brandon Bell via Getty Images
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    Federal court dismisses ExxonMobil lawsuit against activist shareholder

    Judge Mark Pittman said “second time’s the charm” for Arjuna Capital, and ruled the case to be moot following the investor’s pledge to not submit climate proposals to the energy giant.

    By • June 18, 2024
  • Offshore wind turbines in the ocean.
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    TebNad via Getty Images
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    Local opposition to renewable energy projects ‘widespread and growing’: Columbia University report

    The report tracks 395 local restrictions on renewable energy development, with 55 of those emerging in the last year.

    By Diana DiGangi • June 18, 2024
  • The Gap logo is displayed at a Gap store.
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    Mario Tama via Getty Images
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    Gap, H&M, others join initiative to decarbonize fashion supply chain

    The Future Supply Initiative will provide brands with financing models and technical support to help their suppliers transition to low carbon technologies and solutions.

    By • June 17, 2024
  • A container ship sits docked at the Port of Oakland on June 07, 2023.
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    Justin Sullivan via Getty Images
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    Q&A

    How Supplier.io’s collaboration with CDP boosts supply chain transparency

    Supplier.io CEO Aylin Basom said clients were asking the supply chain diversity and ESG data company for additional insights, which led the company to pursue the partnership.

    By • June 17, 2024
  • Hershey's chocolate bars are shown on July 16, 2014 in Chicago, Illinois.
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    Scott Olson via Getty Images
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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 • June 14, 2024
  • Flags fly above the entrance of the BlackRock offices.
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    Andrew Burton via Getty Images
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    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 • June 14, 2024
  • The lineup of Tesla vehicles parked at a Supercharger with tress in the background in a media photo.
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    Courtesy of Tesla Inc.
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    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
  • The Microsoft logo is displayed in New York City.
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    Drew Angerer via Getty Images
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    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 • June 13, 2024
  • The exterior of the U.S. Capitol building in Washington, D.C.
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    Jemal Countess via Getty Images
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    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 • June 13, 2024
  • Looking down on rows of solar panels in a green field.
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    RoschetzkyIstockPhoto via Getty Images
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    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
  • California Attorney General Rob Bonta speaks during a news conference.
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    Justin Sullivan via Getty Images
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    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 • June 12, 2024
  • Jim Jordan sits behind a podium with both hands outstretched.
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    Chip Somodevilla via Getty Images
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    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 • June 12, 2024
  • Committee chairman Rep. James Comer questions witnesses during a House Oversight Committee hearing.
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    Drew Angerer via Getty Images
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    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 • June 11, 2024
  • Demonstrators prepare to be arrested during a rally outside the White House as part of the 'Climate Chaos Is Happening Now' protest on October 13, 2021 in Washington, DC
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    Chip Somodevilla via Getty Images
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    Deep Dive

    Drive 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
  • 35 mm film styled 4K digital camera and tripod dolly crane for video production.
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    ppengcreative via Getty Images
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    Sponsored by EnergyCAP

    Film 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
  • Transport trucks and cars drive down a highway with windmills in the background
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    David McNew via Getty Images
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    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
  • Charging port on the Volvo C40 recharge SUV.
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    Courtesy of Volvo Cars
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    $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
  • Trees sway along a highway under the stress of hurricane-force winds.
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    Sean Rayford via Getty Images
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    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 • June 6, 2024