Sustainability: Page 34
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Shell rebrands climate tech company Studio X as Onward, eyes net-zero economy
The updated energy venture falls in line with the oil major’s goal to become a net-zero emissions energy business by 2050.
By Zoya Mirza • Feb. 8, 2024 -
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EU passes domestic clean energy act, trailing US supply chain and climate bills
The European Commission agreed to the Net-Zero Industry Act to increase domestic manufacturing, following similar domestic production acts passed by the U.S.
By Lamar Johnson • Feb. 8, 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 -
Courtesy of Ford Motor Co.
Ford created a secret team to build an affordable EV
The automaker plans to launch multiple EVs based on the platform as part of its revamped electrification strategy, CEO Jim Farley said.
By Eric Walz , Michael Brady • Feb. 8, 2024 -
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Neighborhood-scale building decarbonization: 2 approaches
Relying on the replacement of one appliance at a time isn’t enough to meet federal and state climate goals, said the Building Decarbonization Coalition’s executive director.
By Ysabelle Kempe • Feb. 7, 2024 -
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Recurrent Energy raises $160M, secures Microsoft as client for solar project
The tech giant will be the sole purchaser of all the energy and renewable energy credits produced by the Louisiana-based Bayou Galion Solar project.
By Zoya Mirza • Feb. 7, 2024 -
Sean Gallup via Getty Images
Green investor Brookfield scores $10B for latest energy transition fund
The fund will invest in the expansion of clean energy, the development of sustainable solutions and the decarbonization strategy of companies from high-emitting sectors.
By Zoya Mirza • Feb. 6, 2024 -
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US sustainable funds saw net outflows in 2023: Morningstar
However, the amount of total assets in U.S. sustainable funds increased last year, and Bloomberg reported the global ESG bond market opened 2024 with a record January.
By Lamar Johnson • Feb. 6, 2024 -
Clean energy groups back Duke Energy multi-value local transmission planning proposal
If approved, Duke could have the only local planning process that uses proactive, multi-value scenario planning, according to North Carolina clean energy groups.
By Ethan Howland • Feb. 6, 2024 -
Chip Somodevilla via Getty Images
Democrats urge Congress to block anti-ESG investing riders in appropriations bills
The letter, signed by 65 democratic lawmakers, said the riders are “contrary to what the American public wants” and interfere with investment decisions.
By Zoya Mirza • Feb. 5, 2024 -
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Arjuna Capital, Follow This pull Exxon climate proposal after lawsuit
Natasha Lamb, Arjuna Capital’s chief investment officer, warned the lawsuit will silence investors concerned about climate risks.
By Lamar Johnson • Feb. 5, 2024 -
Jose Gulias Trigas via Getty Images
ASHRAE, ICC unveil draft standard for GHG emission assessment in buildings
The proposed Standard 240P intends to provide a common platform to measure and report greenhouse gas emissions of buildings, the organizations say.
By Nish Amarnath • Feb. 5, 2024 -
Sean Gallup via Getty Images
Allianz launches platform tracking pathways, investments needed for net-zero
The free, open source tool will combine sector and geographic information on the emissions reductions and investments required to limit global temperature rise.
By Lamar Johnson • Feb. 2, 2024 -
Morris MacMatzen via Getty Images
Climate software startup Watershed clinches $100M in funding
The funding will allow the company to continue developing climate programs for clients — helping them measure, report and reduce emissions — and increase its investments in Europe.
By Zoya Mirza • Feb. 2, 2024 -
Perytskyy via Getty Images
Deep DiveBio-fueling the future: How farms are shaping the renewable energy transition in 2024
As more incentives become available, the agriculture sector is set to play a key role in expanding solar, biogas and other alternative energy sources.
By Nathan Owens • Feb. 1, 2024 -
Joe Raedle via Getty Images
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 -
Toby Smith via Getty Images
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 -
Naomi Baker via Getty Images
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 -
Christopher Furlong via Getty Images
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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