Sustainability: Page 39
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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 -
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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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 -
Fadel Dawod via Getty Images
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 -
Courtesy of Hertz/GM
Hertz reverses course on electric vehicles
The company, which once said EVs would account for a quarter of its rental fleet by 2025, is selling some 20,000 electric vehicles and replacing them with gas-powered cars.
By Dan Zukowski • Jan. 16, 2024 -
Spencer Platt via Getty Images
BlackRock buys Global Infrastructure Partners, makes $12.5B bet on infrastructure market
The asset manager cited “a movement toward decarbonization and energy security in many parts of the world” as a reason for the deal.
By Lamar Johnson • Jan. 16, 2024 -
Scott Olson via Getty Images
Sphera acquires SupplyShift to improve scope 3 tracking capabilities
The deal comes as companies across the globe are facing increased regulatory pressure to report on their scope 3 emissions and carbon footprint.
By Zoya Mirza • Jan. 12, 2024 -
Joe Raedle via Getty Images
Chesapeake, Southwestern Energy create new oil giant with $7.4B merger
The combined portfolios, which will operate under a new company, will create the largest natural gas producer in the United States.
By Lamar Johnson • Jan. 12, 2024 -
Retrieved from California Governor Gavin Newsom/YouTube.
Climate funding takes hit in California governor’s 2024 budget proposal
Transit funding, however, was relatively unscathed in Gov. Gavin Newsom’s proposed 2024-25 fiscal year budget, which represents $20 billion in cuts from last year.
By Dan Zukowski • Jan. 12, 2024 -
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Neiman Marcus beats 2025 DEI goal, increases diversity across senior leadership
The luxury retailer said it had increased diversity across leadership roles, vice president level and up, by 21%, and was adopting external standards to measure and advance workplace equity.
By Zoya Mirza • Jan. 11, 2024 -
Mario Tama via Getty Images
Rhodium: US greenhouse gas emissions fell in 2023, despite economic growth
Preliminary estimates show emissions are now 17.2% below pre-2005 levels, but the emissions reduction rate needs to more than triple to reach Paris Agreement goals.
By Lamar Johnson • Jan. 11, 2024 -
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Missouri’s bid to dismiss anti ESG-rules suit is denied
The U.S. federal judge’s decision greenlights a lawsuit challenging two of the state’s ESG rules that affect financial institutions.
By Lamar Johnson • Jan. 10, 2024 -
Joe Raedle via Getty Images
How 3 states are attacking carbon emissions from transportation
While 21 states sued the federal government over its new rule requiring transportation emission reduction targets, others are forging ahead to clean up the sector.
By Dan Zukowski • Jan. 10, 2024 -
Anna Moneymaker via Getty Images
Deep Dive4 ESG trends that set the tone for 2024
It’s shaping up to be a big year for ESG with a packed SEC agenda, fights over corporate DEI efforts and shareholder rights and a focus on financing the net zero transition.
By Lamar Johnson , Zoya Mirza • Jan. 10, 2024 -
Courtesy of Beyond Yoga
DOL: Beyond Yoga contractors to pay over $1M in wages, damages to garment workers
The U.S. Department of Labor’s settlement for 165 Los Angeles-based workers is the largest one to date for garment workers in the Golden State.
By Zoya Mirza • Jan. 9, 2024 -
Justin Sullivan via Getty Images
Spearmint Energy brings its first Texas battery energy storage plant online
The company’s 300 megawatt Revolution project marks the debut for one of the largest battery storage companies in one of the largest battery storage markets in the nation.
By Lamar Johnson • Jan. 9, 2024 -
Courtesy of Hanwha.
Qcells, Microsoft expand solar panel supply partnership
The new agreement could provide enough solar energy to power up to 1.8 million homes a year.
By Sara Samora • Jan. 9, 2024 -
Alex Wong via Getty Images
World Bank launches $5B sustainable development bond
The 7-year benchmark bond will mature in January 2031 and seeks to support the financial institution’s goals to “end extreme poverty and boost prosperity.”
By Zoya Mirza • Jan. 8, 2024 -
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Emissions compliance period begins for NYC’s Local Law 97
Even though 89% of covered buildings are set to meet 2024 emissions targets, facilities managers must act promptly to achieve 2030 goals, experts say.
By Nish Amarnath • Jan. 8, 2024 -
David Ramos via Getty Images
LG Energy unveils 10 grid-scale battery storage projects for 2024
The company said the investments coincided with the passage of the Inflation Reduction Act, which included significant investments in renewable energy.
By Lamar Johnson • Updated Jan. 8, 2024 -
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Equinor, BP terminate New York offshore wind project over rising costs
The European energy firms scrapped their agreement to sell power from the proposed Empire Wind 2 project, citing rising inflation, interest rates and supply chain disruptions.
By Zoya Mirza • Jan. 5, 2024 -
Justin Sullivan via Getty Images
Chevron blames regulations, cleanups for $4B write-off in Q4
The energy giant said California’s regulatory landscape and cleanup of decommissioned Gulf of Mexico sites are estimated to cost the company at least $3.5 billion.
By Lamar Johnson • Jan. 4, 2024 -
Justin Sullivan via Getty Images
Amazon to generate hydrogen onsite with Plug Power’s electrolyzer system
The hydrogen generated at Amazon’s Colorado fulfillment center will power forklift trucks and help lower emissions.
By Zoya Mirza • Jan. 4, 2024 -
David McNew via Getty Images
Federal court won’t reconsider decision to overturn Berkeley, California, natural gas ban
If the city wants to continue to appeal the decision, its next step would be the U.S. Supreme Court.
By Ysabelle Kempe • Jan. 4, 2024
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