Finance


  • whistleblower program, Peirce, Uyeda, confidentiality
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    The SEC has requested to delay climate rule arguments. What’s next?

    Sustainable investing experts are not surprised by the delay and say it is expected to have minimal immediate impact.

    By Feb. 13, 2025
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    chrisp0 via Getty Images
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    New York loans Revel $60M to expand NYC public EV charging

    NY Green Bank's president said the financial arrangement is “an important and replicable precedent” to accelerate electric vehicle charging.

    By Robert Walton • Feb. 13, 2025
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    Trendline

    Top 5 stories from ESG Dive

    This year has shaped up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.

    By ESG Dive staff
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    Office of the Comptroller of the Currency latest to exit central bank climate coalition

    The OCC’s acting comptroller said participation in the Network of Central Banks and Supervisors for Greening the Financial System does not fall within the agency’s “statutory mandate.”

    By Feb. 12, 2025
  • Mark Toshiro Uyeda testifies at a Senate hearing.
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    Tasos Katopodis via Getty Images
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    Acting SEC chair asks court not to schedule climate rule arguments

    “The Commission’s briefs previously submitted in the cases consolidated in the Eighth Circuit do not reflect my views,” Acting Chair Mark Uyeda said.

    By Feb. 11, 2025
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    Matt Cardy via Getty Images
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    HSBC taps global banking executive for chief sustainability officer role

    Julian Wentzel — previously HSBC’s head of global banking for the Middle East, North Africa and Turkey — becomes sustainability chief after serving as interim CSO.

    By Feb. 11, 2025
  • Roger Garbey (top) and Andres Hernandez, from the Goldin Solar company, install a solar panel system on the roof of a home a day after the Trump administration announced it will impose duties of as mu
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    Joe Raedle via Getty Images
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    EPA funding freeze endangers $7B Solar For All program

    “We don't know how much money got out the door, we don't know how much money the administration can seek to claw back,” said Vote Solar’s executive director, Sachu Constantine.

    By Diana DiGangi • Feb. 11, 2025
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    Google contracts over $100M in carbon removal credits in 2024

    “We’re encouraged by our progress, but the journey to catalyze carbon removal is just beginning,” Google Carbon Credits and Removals Lead Randy Spock said.

    By Feb. 7, 2025
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    Clean energy stakeholders descend on Capitol to lobby for IRA tax credits

    Groups participating in the lobbying blitz in Washington, D.C. represent over 2,000 companies and hundreds of billions of dollars in private investment, according to the Solar Energy Industries Association.

    By Diana DiGangi • Feb. 6, 2025
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    Matthew Cavanaugh via Getty Images
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    New York reintroduces bills seeking climate risk, emissions disclosures

    Senate Bills 3456 and 3697, if approved, would mandate climate-related disclosures from large companies operating in the Empire State as early as 2027.

    By Feb. 6, 2025
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    ESG encountering widening ‘gulf’ between US and European investors: Morningstar

    “We are definitely seeing a widening gap … between asset manager support for environmental and social-related voting initiatives," Morningstar Sustainalytics’ director of investment stewardship research said.

    By Feb. 5, 2025
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    Companies reduce philanthropy aimed at boosting racial, gender equality

    Change in “corporate citizenship” initiatives coincide with a federal backlash against efforts to promote sustainability in the private and public sectors.

    By Jim Tyson • Feb. 5, 2025
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    Vanguard dilutes diversity guidelines for US board proxy voting

    The updated policies exclude a recommendation that boards “at a minimum, represent diversity of personal characteristics, inclusive of at least diversity in gender, race and ethnicity.”

    By Feb. 4, 2025
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    Republican officials urge SEC, DOL to adopt anti-ESG, DEI rules

    The letter signed by 22 Republican state finance officials cited American Airlines’ recent legal loss as evidence that fiduciaries are breaching their duty to loyalty with regards to ESG and DEI.

    By Feb. 3, 2025
  • Scott Bessent testifies before the Senate Finance Committee.
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    Treasury Department exits global regulatory climate coalition

    The Treasury’s Federal Insurance Office withdrew from the Network of Central Banks and Supervisors for Greening the Financial System last week to comply with President Donald Trump’s executive orders.

    By Feb. 3, 2025
  • A wind turbine near a fossil fuel power plant in Massachusetts
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    Banks improving clean energy finance ratios, still well-short of net-zero pace: report

    “The ratio isn’t evolving at the pace needed to hit the 4:1 level required this decade under commonly referenced scenarios to limit climate change to 1.5 [degrees Celsius],” according to BloombergNEF.

    By Jan. 31, 2025
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    Chip Somodevilla via Getty Images
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    Developments driving the ESG, sustainability industry in 2025

    The change in U.S. presidential leadership has triggered drawbacks of ESG and DEI commitments, as the private sector braces for a change in political direction.

    By , Jan. 31, 2025
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    Deep Dive

    Why climate alliance memberships are no longer ‘en vogue’ for Wall Street

    Financial institutions have increasingly departed groups like the Net-Zero Banking Alliance and Climate Action 100+, but experts say banks are still committed to sustainability.

    By Jan. 30, 2025
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    Rockefeller grant strengthens push for nature-related disclosures

    The Rockefeller Foundation announced it will give the Taskforce on Nature-related Financial Disclosures $500,000 to scale its voluntary adoption efforts, as the organization rolls out additional sector guidelines.

    By Jan. 30, 2025
  • A view of solar panels on a sunny day, that stretches beyond the edges of the photo.
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    Permission granted by Bechtel
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    PPA prices continue to rise amid Trump policy uncertainty: LevelTen Energy

    But energy buyers and sellers have grown more adaptable in the face of an unstable policy landscape, LevelTen Energy said.

    By Emma Penrod • Jan. 30, 2025
  • Wind turbines operate at a wind farm near solar panels on March 06, 2024 near Palm Springs, California.
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    Mario Tama via Getty Images
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    Trump pauses renewable projects leasing on federal lands, waters

    The Department of the Interior issued the order on Donald Trump’s first day in office, though just a small portion of the nation’s renewable energy capacity is located on government land.

    By Jan. 29, 2025
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    Triumvirate Environmental confirms private equity investment

    Berkshire Partners’ investment values the Massachusetts-based environmental services company at $1.8 billion and marks the latest example of growing interest in the sector.

    By Cole Rosengren • Updated Feb. 4, 2025
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    Jack Taylor via Getty Images
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    BlackRock launches brown to green material fund to back low-carbon transition

    The materials sector-focused fund will be the first the firm launches under the United Kingdom’s “Sustainability Improvers” label.

    By Jan. 28, 2025
  • Ken Paxton shakes Donald Trump's hand at a campaign rally
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    State AGs threaten financial institutions over ESG, DEI policies

    Bank of America, BlackRock, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley were all asked about how they plan to implement or have implemented hiring or supplier diversity goals.

    By Jan. 27, 2025
  • Pedestrians seen walking by the Northern Trust banking company's headquarters.
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    Northern Trust AM exits Climate Action 100+, Net-Zero Asset Managers initiative

    The departure is the latest in Wall Street’s continued exodus from climate-focused alliances and groups as sector scrutiny heats up under the new Trump administration.

    By Jan. 24, 2025
  • Closeup of president donald trump's signature on an executive order.
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    Trump freezes Inflation Reduction Act funding

    The White House later issued a memo to clarify the funding pause, specifying that it pertains only to aspects of the law mentioned in Section 2 of the executive order.

    By Kate Magill • Jan. 24, 2025