Pattern Energy scores $11B for large-scale clean energy project

The renewable energy developer said construction is underway for the clean energy infrastructure project, which it alleges is the largest “in U.S. history.”

By Lamar Johnson • Jan. 3, 2024

Industry leaders blast Treasury’s draft guidance for clean hydrogen tax credits

Some leading hydrogen producers are already talking about suing to stop the implementation of the Treasury Department’s proposal, according to Mona Dajani, a partner at Baker Botts.

By Emma Penrod • Dec. 22, 2023

Explore the Trendline➔

Top 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

New York finalizes climate-risk guidance for financial institutions

The state said the new rules will help banking and mortgage institutions prepare for the physical and transition risks of climate change.

By Lamar Johnson • Dec. 22, 2023

Amazon to trial Mercedes-Benz hydrogen fuel-cell trucks in 2024

Daimler Truck will deploy the GenH2 trucks for their first customer fleets, serving Amazon, Holcim, Air Products and others on long-haul tests in Germany.

By Iulia Gheorghiu • Dec. 22, 2023

Gen Z, millennial investor confidence slips regarding ESG investments

The number of investors under 41 years old who wanted fund managers to advocate for environmental change, even if it decreased their investment, dropped from 85% last year to 66%. 

By Iulia Gheorghiu • Dec. 21, 2023

Puma expands its textile-to-textile polyester recycling program

The company said its Re:Fibre technology would be used to create most of its club and federation replica jerseys in 2024.

By Howard Ruben • Dec. 20, 2023

Unilever under UK investigation for alleged greenwashing of products

The British competition regulator will scrutinize environmental claims for consumer goods made by the CPG giant, including Dove, Comfort and Cif.

By Iulia Gheorghiu • Updated Dec. 20, 2023

How IBM’s Sustainability Accelerator’s latest cohort is tackling water management

IBM Sustainability and Social Innovation Leader Michael Jacobs talks about the social impact program’s goals and how it uses its technology to improve environmental issues in vulnerable communities.

By Lamar Johnson • Dec. 19, 2023

Banks are excluded from EU’s human rights, due diligence regulation — for now

Despite opposition to leaving financial institutions out, the final draft of the Corporate Sustainability Due Diligence Directive only states the sector may need to comply at a later date.

By Lamar Johnson • Dec. 19, 2023

Donuts and do nots: Krispy Kreme’s first ESG report reveals carbon emissions spike

The company said it achieved carbon neutrality in some global operations through carbon offsets, despite a jump in scope 1 and scope 2 emissions overall.

By Zoya Mirza • Dec. 18, 2023

Treasury releases sustainable aviation fuel tax credit guidance

SAF manufacturers could receive an additional $0.01 per gallon over the base credit for each percentage point the fuel reduces emissions above 50%.

By Lamar Johnson • Dec. 18, 2023

COP28 takeaways: More than $7B mobilized for food system climate action

With the end of the U.N. climate summit, here's a final tally of some of the major financial commitments and sustainability pledges meant to transform the agricultural and food sectors. 

By Sarah Zimmerman • Dec. 18, 2023

Decarbonization strategies require corporate buy-in, USGBC says

While Inflation Reduction Act funding is a “key lever to decarbonization,” building owners, operators and occupants must do more to ensure that the U.S. reaches its Paris Agreement goals, the U.S. Green Building Council says.

By Joe Burns • Dec. 15, 2023

Goldman Sachs to liquidate Paris-aligned climate ETF in new year

The fund closure bookends a year of contraction for the sustainable funds market, though the financial services firm said the move is not indicative of its broader positions.

By Lamar Johnson • Dec. 15, 2023

Clean energy developer energyRe raises $1.2B for expansion

The company said it will use the new capital to expand its renewable energy portfolio and advance its goals of decarbonizing cities in the U.S.

By Lamar Johnson • Dec. 14, 2023

Microsoft signs multiyear carbon removal agreement with Norwegian startup

The partnership with Inherit Carbon Solutions will help the software systems company work toward its goals of becoming carbon negative by 2030.

By Zoya Mirza • Dec. 14, 2023

House panel to subpoena BlackRock, State Street on ESG practices

House Judiciary Committee Chair Jim Jordan will subpoena four firms for more answers as to whether the companies’ climate-related efforts violate federal antitrust laws, Bloomberg reported.

By Gabrielle Saulsbery • Dec. 14, 2023

Arizona’s chief utility regulator bashes ESG, says it’s not a factor when weighing utility plans

Solar and wind resources may be cheaper, but the head of the Arizona Corporation Commission said fossil fuels “will continue to play a critical role in the delivery of reliable, affordable power.”

By Robert Walton • Dec. 14, 2023

Companies setting their own carbon prices without global standard: Reuters

The new analysis from the Climate Disclosure Project has found companies’ internal carbon prices range anywhere from under $1 to $1,600 per metric ton of carbon emissions.

By Lamar Johnson • Dec. 13, 2023

Here’s the UN’s roadmap for agriculture to reach net-zero emissions

A landmark report released at COP28 says wholesale changes to production practices and diets will be needed to keep temperatures in check while ensuring food security needs are met.

By Sarah Zimmerman • Dec. 13, 2023

Landmark COP28 agreement calls for ‘transitioning away’ from fossil fuels

Though the final agreement is a step forward from a previous draft that scrapped the demand to “phase out” fossil fuels, its text contains ambiguous language on shifting away from oil and gas.

By Zoya Mirza • Dec. 13, 2023

Vanguard, Arjuna Capital issued House Judiciary subpoenas over ESG probe

The committee is seeking information from the two asset management firms for its investigation into whether industry climate alliances violate antitrust law.

By Lamar Johnson • Dec. 12, 2023

COP28: Call to ‘phase out’ fossil fuels gets phased out in latest draft text

The fourth iteration of the agreement dropped language calling for the future elimination of fossil fuels, a move climate activists are labeling as a concession to petrostates.

By Zoya Mirza • Dec. 12, 2023

Sustainable Hospitality Alliance, IFC unveil plans for future green building certification

At the COP28 summit in Dubai, the organizations said they will use the new certification to measure progress toward SHA’s “Net Positive Hospitality” initiative.

By Noelle Mateer • Dec. 12, 2023

OPEC head urges members to reject fossil fuel phase out proposal at COP28

The secretary general of the oil cartel labeled plans to curb fossil fuels as “politically motivated campaigns” that put “people’s prosperity and future at risk,” in a letter sent to member states.

By Zoya Mirza • Dec. 11, 2023