Sustainability: Page 33
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SBTi walks back carbon offset policy changes after staff backlash
The Science Based Targets initiative backtracked on expanding the use of environmental offsets in corporate scope 3 plans after staff called for its CEO’s resignation.
By Lamar Johnson • April 16, 2024 -
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Del Monte Foods reports GHG emissions reduction, sets net-zero goal for 2050
The food producer and distributor said it aims to achieve its sustainability goals by making changes to its own operations instead of purchasing carbon credits.
By Zoya Mirza • April 16, 2024 -
Explore the Trendline➔
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TrendlineTop 5 stories from ESG Dive
This year has shaped up to be a formative one for ESG, from the U.S. pulling out of major climate agreements to federal agencies recalibrating their approach to sustainability under the new administration.
By ESG Dive staff -
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CIP acquires 1.3 GW of New York onshore wind projects
Copenhagen Infrastructure Partners made the acquisition through its CI V fund, which has raised billions in capital commitments for greenfield renewable energy investments.
By Diana DiGangi • April 16, 2024 -
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Capital One shareholders urged to approve scope 3 target-setting proposal
The New York State Common Retirement Fund said the targets are necessary to fully assess the bank’s climate risk exposure and mitigation strategies.
By Lamar Johnson • April 15, 2024 -
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Toyota clinches $150M for new climate-focused fund
The fund will build on the car manufacturer’s inaugural 2021 climate fund, which has backed climate tech startups and carbon capture and storage companies.
By Zoya Mirza • April 15, 2024 -
Courtesy of Henkel
Henkel to engage packaging suppliers in bid to lower scope 3 emissions
The German consumer goods company behind brands like Dial soaps and Soft Scrub cleaners says about a quarter of its value chain emissions are caused by packaging and raw materials. It’s targeting decreases by 2030.
By Maria Rachal • April 15, 2024 -
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SBTi to allow for expanded carbon credit use in net-zero plans despite staff opposition
The organization said it will not evaluate the quality of carbon credits when assessing how corporations’ strategies for scope 3 emissions abatement align with climate science.
By Lamar Johnson • April 12, 2024 -
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Insurers falling short on climate commitments: ShareAction
Most insurers surveyed had few or no restrictions on conventional oil and gas in both their underwriting and investment activities.
By Suman Bhattacharyya • April 12, 2024 -
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Volkswagen subsidiary to pay nearly $49M in SEC fraud case
The SEC claims the finance unit sold bonds at a time when senior Volkswagen executives knew that more than 500,000 of their vehicles in the United States “grossly exceeded legal vehicle emissions limits.”
By Haley Cawthon • April 12, 2024 -
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House GOP begins congressional challenge to SEC climate disclosure rule
House Financial Services Committee Chair Patrick McHenry said the agency’s voluntary pause is “not enough.”
By Lamar Johnson • April 11, 2024 -
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Rooftop heat pump technologies can save US businesses $5B annually: DOE
A new commercial heat pump accelerator program aims to halve greenhouse gas emissions and energy costs compared with natural gas-fueled heat pumps, the U.S. Department of Energy says.
By Nish Amarnath • April 11, 2024 -
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Majority of fashion brands won’t meet their emissions goals: report
About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.
By Lauren Schenkman • April 11, 2024 -
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Chevron leads $45M investment in carbon removal company Ion Clean Energy
The energy giant made the investment through its New Energies division, in collaboration with Carbon Direct Capital.
By Lamar Johnson • April 10, 2024 -
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‘It’s important to get going’: How fashion is navigating the many complexities of sustainability
Understanding supply chains is key to both regulatory compliance and scaling solutions, executives said at an American Apparel & Footwear Association event.
By Ben Unglesbee • April 10, 2024 -
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Lack of uniform standards and disclosures a roadblock to scaling transition finance: report
Without formal definitions, metrics and transition finance instruments endorsed by international organizations, broader adoption could stall, the CFA Institute said.
By Suman Bhattacharyya • April 10, 2024 -
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Citi, TD, HSBC, Northern Trust added to West Virginia restricted list
The state warned the banks in February of consequences if they "boycott" fossil fuels. BMO and Fifth Third avoided being added to the list, the state said.
By Caitlin Mullen • April 9, 2024 -
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SEC reiterates no scope 3 in final climate rule
Agency officials are starting to educate industry stakeholders and investors on the paused rule’s required disclosures, while defending it in court.
By Lamar Johnson • April 9, 2024 -
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Two-thirds of ‘sustainable’ passive funds are supporting fossil fuel expansion: Reclaim Finance
Greenwashing threatens efforts to advance sustainability goals, researchers from the climate nonprofit say.
By Suman Bhattacharyya • April 8, 2024 -
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80% of CO2 emissions following Paris Agreement linked to 57 companies: report
Most of the surveyed companies increased their fossil fuel production in the seven years following the climate accord, according to the Carbon Majors study.
By Zoya Mirza • April 8, 2024 -
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After months of conflict, Stellantis strikes emissions deal with California
The automaker will follow the state’s emissions standards, even if the federal government or judicial action bars the state from enforcing them.
By Kalena Thomhave • April 8, 2024 -
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RBC joins Citi, JPMorgan in disclosing green financing ratios
New York City Comptroller Brad Lander announced this week that the shareholder proposals put forward by the city’s retirement system have been pulled at all three banks.
By Lamar Johnson • April 5, 2024 -
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OpinionGrid reliability’s core challenge is governance, not a changing resource mix
An outdated and parochial oversight system is the biggest threat to U.S. grid reliability.
By Alexandra Klass, Josh Macey, Shelley Welton and Hannah Wiseman • April 5, 2024 -
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SEC stays climate-risk disclosure rule as it works through legal challenges
The agency maintains that the regulation is within the agency’s authority and said it “will continue vigorously defending the Final Rules’ validity in court.”
By Lamar Johnson • April 4, 2024 -
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How solar manufacturers can leverage IRA clean energy tax credits
More than 500 companies and 45,500 projects registered for clean energy tax credits under the law as of March 8.
By Joelle Anselmo • April 4, 2024 -
Justin Sullivan / Staff via Getty Images
Southwest Airlines acquires DOE-backed SAFFiRE Renewables
The airline’s acquisition of the corn parts-to-ethanol producer pairs with a prior investment in ethanol-to-SAF producer LanzaJet.
By Lamar Johnson • April 3, 2024
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