The Latest
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US exits climate finance initiative aimed at helping developing nations quit coal
The United States has dropped out of Just Energy Transition Partnership, a financing initiative that aims to help South Africa, Vietnam and others transition from coal to clean energy sources.
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IRA funding freeze has put ‘many’ clean energy projects on pause
The uncertainty created by the funding freeze has affected projects at “various stages of development,” a clean energy executive said on a recent press call.
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‘EPA’s action is illegal,’ says green group attorney about $20B GGRF funding freeze
EPA Administrator Lee Zeldin says the $20 billion freeze stopped disbursement riddled with “self-dealing [and] conflicts of interest,” while grant recipients say the freeze will not hold up to judicial review.
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State Street ditches board diversity requirement, completes Big Three DEI retreat
The nation’s third-largest asset manager will no longer require company boards to feature a certain percentage of women, following similar changes by BlackRock and Vanguard.
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Paramount DEI initiative changes spark employee ire
While Paramount's co-CEOs cited the president's executive order in their decision, internal backlash highlights the line employers are trying to toe.
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OpinionNavigating sustainability standards: A hotelier’s guide for choosing the right green certification
Alina Arnelle, chief sustainability officer at BeCause, shares five strategies to help hotels identify green certifications with the most value.
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CarbonQuest nabs $20M to boost building decarbonization
The carbon capture technology provider said it will use this funding to scale its tech and circulate it to a wider range of clients across North America, as well as hire more talent.
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Mars pledges $27M to slash dairy emissions
The confectionery giant is partnering with New Zealand-based dairy co-operative Fonterra to fund more sustainable farming practices.
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Demand for renewable energy projects remains strong, but supply is growing: LevelTen Energy
As more developers are forced to sell early-stage projects, a glut of supply is eroding renewable energy profits, according to data from LevelTen Energy.
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Goldman Sachs launches biodiversity bond fund to support SDGs
The fund became “one of the first fixed income funds” to focus on biodiversity conservation and remediation and support the United Nations’ Sustainable Development Goals.
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BofA, Wells, Truist de-emphasize DEI in annual filings
In its paperwork, BofA now uses “opportunity” in place of diversity. Wells, meanwhile, scrapped its diverse-slate interview policy, along with mentions of its pay equity review.
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EPA $20B funding freeze leaves ‘green bank’ nonprofits unable to pay bills
The Climate United Fund, which received a $6.97 billion Greenhouse Gas Reduction Fund grant, will soon become unable to make payroll or disburse funding to its contracted borrowers, said a spokesperson.
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Wells Fargo scraps net-zero target as banks recalibrate sustainability strategy
The bank is dropping its goal of achieving net-zero financed emissions across its portfolio by 2050, in addition to 2030 targets it set for sector-specific financed emissions.
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BlackRock ends diversity goals, merges DEI team into ‘Talent and Culture’
The nation’s largest asset manager said it will not renew “aspirational workforce representation goals” which expired in 2024, in response to executive orders targeting DEI programs.
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92% of CFOs plan to boost sustainability spending
A majority of companies expect to allocate more than 2% of revenue to sustainability initiatives this year.
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BP cuts renewable spending, doubles down on fossil fuels in strategy reset
The U.K.-based oil major said its investments in the clean energy transition business will now be “significantly lower” and range between $1.5 billion to $2 billion per year.
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One of UK’s largest pension funds picks Amundi, Invesco to manage bulk of its portfolio
The People’s Pension credited the firms’ “commitment to responsible investment” for the move. State Street previously managed the fund’s entire portfolio.
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Anti-ESG groups intensify activism early in 2025 proxy season
Opposition to corporate sustainability efforts has grown in recent years, culminating in an anti-ESG order by President Donald Trump last month.
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EU adopts omnibus proposal, trims sustainability reporting requirements
The simplified package would remove 80% of companies from the scope of the Corporate Sustainability Reporting Directive and delay reporting timelines.
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Federal judge blocks parts of Trump’s private-sector DEI order
The White House’s enforcement threat against private-sector DEI programs is “textbook viewpoint-based discrimination,” according to the Feb. 21 decision.
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Courtesy of U.S. Bank
U.S. Bank scrubs DEI, fair pay references
Mentions of the lender’s diverse-slate hiring policy, pay comparisons by gender and race, and flexible work were absent from its most recent annual filing.
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Apple shareholders emphatically reject anti-DEI proposal
More than 97% of voting shareholders dismissed the proposal by a conservative think tank asking Apple to “cease DEI efforts” at its annual meeting.
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Ikea revises zero emission delivery goal, lowers ambition
The global furniture retailer said it was revising a goal to use zero emission vehicles for home deliveries by 2025 and now aiming to reach 90% of this target by 2028.
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Asset owners demand greater transparency on ESG amid increased scrutiny: Cerulli
Pressure from regulators and stakeholders is driving a demand for accountability, but reporting standardization hurdles persist, analysts from the research firm said.
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Mario Tama via Getty Images
Morgan Stanley, Capital One downplay DEI efforts
A Morgan Stanley filing highlights its proportion of women and ethnically diverse employees but contains a statement on “meritocracy.” Meanwhile, Capital One isn't touting pay equity like it used to.
