Sustainability: Page 31
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BP invests in climate tech startup CHOOOSE to help decarbonize aviation industry
The oil giant’s financial backing will allow airlines to centrally manage their decarbonization initiatives, ranging from emissions calculations and reporting to carbon removals.
By Zoya Mirza • Feb. 1, 2024 -
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Global standard-setter proposes ethics guidelines to curb greenwashing risks
The International Ethics Standards Board for Accountants prepared a pair of ethics standards to help sustainability experts foster trust.
By Lamar Johnson • Jan. 31, 2024 -
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Ikea makes strides in reducing carbon footprint, attributes progress to clean energy initiatives
The home furnishings retailer said its greenhouse gas emissions declined by 11.5% from the previous year and it has updated its climate strategy to reach net-zero by 2050.
By Zoya Mirza • Jan. 31, 2024 -
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Extreme weather and climate regulations are 2024’s top supply chain risks: Everstream
Wildfires, rains and droughts could cause shipping delays, while agricultural commodities might face shortages from weather and other factors, the analytics firm said.
By Ben Unglesbee • Jan. 31, 2024 -
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A dozen state GOP agriculture heads probe Net Zero Banking Alliance members’ climate targets
None of the six banks — which include JPMorgan, Goldman Sachs and Citi — have published climate targets for the sector, according to their websites.
By Lamar Johnson • Jan. 30, 2024 -
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The ESG industry outlook on 2024: Climate disclosure rules, proxy voting and more
The upcoming year will determine how national and international regulation, shareholder rights and proposal approvals, and scope 3 reporting influence the ESG landscape.
By Zoya Mirza , Lamar Johnson • Jan. 30, 2024 -
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Developers rebid offshore wind contracts in New York’s fourth solicitation as Equinor and BP split
Sunrise Wind developer Ørsted also plans to split from project partner Eversource and acquire its 50% stake in the project, if the state approves its proposal.
By Diana DiGangi • Jan. 30, 2024 -
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Walgreens reports spike in scope 3, points to business travel and downstream transportation
The retail pharmacy chain said it had reduced its overall carbon footprint by almost 25% compared to a 2019 baseline, despite a surge in scope 3 emissions.
By Zoya Mirza • Jan. 29, 2024 -
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HSBC launches first net-zero transition plan in a move to slash emissions
The bank’s plan to meet climate objectives comes against a backdrop of financial institutions facing pressure to address climate risk and sever ties with the fossil fuel industry.
By Zoya Mirza • Jan. 26, 2024 -
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Global Reporting Initiative updates biodiversity reporting standards
The standard for the first time includes increased transparency on impacts through the supply chain, as biodiversity loss is affecting every region of the world.
By Lamar Johnson • Jan. 26, 2024 -
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US solar industry awaits federal moves on interest rates, tax credits as global M&A activity drops 15%
Global corporate solar funding rose to $34.3 billion last year with help from IRA incentives, while high interest rates slowed acquisition activity, said Mercom Capital Group CEO Raj Prabhu.
By Diana DiGangi • Jan. 26, 2024 -
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Deep Dive2024 proxy outlook: What’s driving the ESG proposal approval dip?
Major asset managers and a spate of anti-ESG proposals helped push approval rates down, yet even more ESG proposals are expected after a record 2023.
By Lamar Johnson • Jan. 25, 2024 -
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BlackRock commits $500M to Recurrent Energy, expands renewable power portfolio
The investment allows the asset manager to have a 20% stake in the company, and marks the inaugural transaction by its fourth climate infrastructure fund.
By Zoya Mirza • Jan. 24, 2024 -
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Ocean carbon capture startup Captura raises $21M
The company plans to begin operating its technology at a commercial scale following a fall pilot plant deployment, currently in development with energy company Equinor.
By Lamar Johnson • Jan. 24, 2024 -
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$104M for clean energy projects in 31 federal buildings announced by DOE
The selected projects are expected to save over $29 million in energy and water costs, generating an additional 27 megawatts of clean energy capacity, the U.S. Department of Energy says.
By Nish Amarnath • Jan. 24, 2024 -
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Public pensions in liberal-leaning states falling short on addressing climate risk: report
Most public pension funds had inadequate proxy guidelines and proxy voting records to mitigate climate-related financial risks, Sierra Club found.
By Zoya Mirza • Jan. 23, 2024 -
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Crown, IP, Smurfit Kappa among ‘early adopters’ for nature-related financial disclosures
As biodiversity loss becomes more of a concern in sustainability reporting, multiple packaging companies have agreed to align reporting with recommendations from the Taskforce on Nature-related Financial Disclosures.
By Maria Rachal • Jan. 23, 2024 -
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ExxonMobil sues ESG investors to block climate proposals
The natural gas giant alleges shareholder proposals from Arjuna Capital and Follow This are a violation of federal securities laws and “driven by an extreme agenda.”
By Lamar Johnson • Jan. 22, 2024 -
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BlackRock eases on ESG messaging amid increased scrutiny
The asset manager’s investment stewardship and Q4 earnings report signal a pivot on BlackRock’s language on climate change and corporate sustainability initiatives.
By Zoya Mirza • Jan. 22, 2024 -
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BCG, 1PointFive ink carbon capture removal credits deal
BCG will also collaborate with 1PointFive through consulting services, which include developing business processes that back direct air capture carbon removal credits.
By Zoya Mirza • Jan. 19, 2024 -
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Deep DiveTo keep or not to keep: The fate of scope 3 emissions in SEC’s climate disclosure rule
Given all of the pushback the agency has received over its proposed rule, particularly scope 3 reporting requirements, experts are uncertain if scope 3 will make the final cut.
By Zoya Mirza • Jan. 18, 2024 -
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Circularity could reduce dependence on China for rare earths: study
Reuse and recycling could help the U.S. meet up to 40% of its demand for materials critical to the energy transition, according to a new scientific paper.
By Ben Unglesbee • Jan. 18, 2024 -
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Anti-ESG crusader Vivek Ramaswamy drops out of 2024 presidential race
The political newcomer ended his GOP White House bid after finishing fourth place in the Iowa caucuses and endorsed former President Donald Trump shortly after.
By Zoya Mirza • Jan. 17, 2024 -
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John Kerry leaving White House climate post, per multiple reports
The United States special presidential envoy for climate will leave his current post in the coming months to focus on Joe Biden’s presidential reelection campaign, per reports.
By Lamar Johnson • Jan. 17, 2024 -
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Recycling tech company Resynergi secures $6.4M to accelerate plastic circularity
The funding will help scale the company’s Continuous Microwave Assisted Pyrolysis reactor, which generates clean products with a 68% reduction in carbon dioxide equivalent.
By Zoya Mirza • Jan. 16, 2024
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