Sustainability: Page 3
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How a 2nd Trump administration could ‘jeopardize’ Inflation Reduction Act climate funds
If elected, could Donald Trump claw back or withhold funds from communities? Experts from Columbia University’s Sabin Center for Climate Change Law offer insight.
By Ysabelle Kempe • Sept. 25, 2024 -
Climate Week NYC 2024 kicks off with carbon removal deals, green banking coalition
The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.
By Lamar Johnson • Sept. 24, 2024 -
Trendline
The state of the clean energy transition in 2024
This year saw a large volume of initiatives and investments from corporations focused on the clean energy transition — alongside a handful of reversions on carbon reduction goals.
By ESG Dive staff -
Most global banks unprepared for climate change risks: report
A majority of banks lack clear climate adoption strategies, a Climate X survey of 50 of the world's largest commercial banks found.
By Suman Bhattacharyya • Sept. 24, 2024 -
Lawsuits from California AG and others take aim at ExxonMobil’s chemical recycling claims
The oil giant is facing a pair of coordinated lawsuits that collectively allege deceptive marketing, concealment of harm, and violations of nuisance and unfair competition laws.
By Maria Rachal • Sept. 24, 2024 -
State Street reduces support for E + S proposals, following other Big Three asset managers
State Street supported 6% of environmental and 7% of social proposals in the 2024 proxy season, confirming the nation’s largest asset managers all supported fewer such proposals than in 2023.
By Lamar Johnson • Sept. 23, 2024 -
Clean energy a ‘big winner’ as Fed cuts interest rates more than expected
Renewable energy projects are “very sensitive to the cost of capital,” particularly for capital-intensive technologies like offshore wind, said Mona Dajani, a partner at Baker Botts.
By Diana DiGangi • Sept. 23, 2024 -
Q&A
How Lilly’s sustainability goals come face to face with massive growth
Eli Lilly’s head of ESG is maintaining a focus on sustainability even as the company’s expansion plans in weight loss drive a larger footprint and more social scrutiny.
By Michael Gibney • Sept. 23, 2024 -
COP29 president unveils climate action agenda with no mention of fossil fuel phase out
Though the agenda introduced a spate of environmental initiatives, it lacked any direct mentions of transitioning away from fossil fuels, a goal set during COP28.
By Zoya Mirza • Sept. 20, 2024 -
House GOP passes pair of anti-ESG bills targeting ‘woke’ investment policies
House Republicans passed a pair of bills this week aimed at pension funds and the Securities and Exchange Commission that Rep. Juan Vargas, D-Calif., said are “going nowhere” in a Democrat-controlled Senate.
By Lamar Johnson • Sept. 20, 2024 -
$29 trillion investor coalition urges governments to tackle climate crisis ahead of COP29
A coalition of over 530 financial institutions is urging policymakers to “take robust action” on climate change, including mandating climate-related disclosures and boosting sustainable investments.
By Zoya Mirza • Sept. 19, 2024 -
US solar panel manufacturing jumps fourfold after Inflation Reduction Act
The sector is enjoying massive production investment thanks to the clean energy law, even as it contends with heightened tariffs.
By Joelle Anselmo • Sept. 19, 2024 -
Under 25% of Vanguard’s 2024 proxy pilot participants chose ESG-centered policies
The program’s third-party ESG policy option was particularly popular with investors of one of the firm’s ESG funds, though just under a quarter of pilot participants picked the option overall.
By Lamar Johnson • Sept. 18, 2024 -
JBS unlocks renewable gas production at US beef and poultry plants
With help from GreenGasUSA’s on-site systems, the Brazil-based meat giant plans to transform methane from its wastewater streams into sustainable fuel.
By Nathan Owens • Sept. 18, 2024 -
Real estate firm CBRE curbs scope 1, 2 emissions by 24% since 2019
Its scope 1 emissions rose almost 16% since 2022 due to increased mileage across its vehicle fleet, which it looks to fully electrify by 2035, according to CBRE’s 2023 corporate responsibility report.
By Joe Burns • Sept. 18, 2024 -
Occidental’s 1PointFive secures up to $500M from DOE for carbon removal
The Department of Energy’s Office of Clean Energy Demonstrations will provide the funding to develop a direct air capture hub which can remove 500,000 metric tons of carbon dioxide annually.
By Zoya Mirza • Sept. 17, 2024 -
House GOP members probing federal membership in green finance network
Leaders of the House Financial Services Committee are conducting an investigation into the participation of U.S. agencies in the Network for Greening the Financial System.
By Lamar Johnson • Sept. 17, 2024 -
Matt Damon-backed WaterEquity pulls $100M+ from Microsoft, Starbucks, others for new climate fund
The Water & Climate Resilience Fund aims to make safe water or sanitation accessible to 15 million people based across Africa, Asia and Latin America.
By Zoya Mirza • Sept. 16, 2024 -
EPA issues violation notice to ADM over carbon sequestration permit
The violation relates to corrosion in a monitoring well at the agricultural supply chain company’s second injection site that has since been plugged and did not affect surface or groundwater, ADM said in a statement.
By Lamar Johnson • Sept. 16, 2024 -
EPA expands recommended ecolabels for food service ware purchases
It’s the first time in nearly 10 years the agency is evaluating new recommendations of standards for sustainable federal purchasing. EPA said it would accept comments on the proposed updates for 30 days.
By Maria Rachal • Sept. 16, 2024 -
SEC disbands its climate and ESG enforcement task force
The Securities and Exchange Commission said it will return its attention to greenwashing if it sees another spike in risk, an agency spokesperson told ESG Dive.
By Lamar Johnson • Sept. 13, 2024 -
GM, Hyundai plan global alliance on EVs, clean-energy tech
The potential collaboration aims to reduce automaker costs and deliver a wider range of vehicles and emerging technologies to market faster.
By Eric Walz • Sept. 13, 2024 -
Big banks pressed to stop financing livestock production over climate concerns
An open letter singles out JPMorgan Chase, Bank of America and other institutions for their support of food giants like JBS, saying lending activities undermine the sector’s environmental commitments.
By Sarah Zimmerman • Sept. 13, 2024 -
ClimeCo unveils certification program for sustainable products
The environmental services company’s new certification aims to help companies communicate their sustainability initiatives and consumers make informed purchasing decisions.
By Zoya Mirza • Sept. 12, 2024 -
House Financial Services panel hearing probes proxy advisors’ ESG influence
Rep. Bill Huizenga, R-Mich., said advisors are becoming “de facto standard setters” for governance, while a witness compared them to consultants who help investors “sift through mountains of data.”
By Lamar Johnson • Sept. 12, 2024 -
Patagonia joins sustainable packaging initiative aimed at protecting forests
The retailer is collaborating with environmental nonprofit Canopy to develop paper products using agricultural waste and non-forest fibers.
By Kelly Stroh • Sept. 12, 2024