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Marsh to insure carbon credits against counterfeits, fraud
The insurance broker said the new insurance facility will help de-risk carbon credit investments and protect companies from potential “fraudsters.”
By Lamar Johnson • Nov. 5, 2024 -
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Deep Dive // 2024 ElectionsElection 2024: Harris, Trump present ‘diametrically opposed’ impacts on ESG
“A Harris administration would be more favorable for the interests of ESG investors whereas a Trump administration would be antagonistic,” according to Morningstar Indexes’ head of strategy.
By Lamar Johnson , Zoya Mirza • Nov. 1, 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, 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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Morgan Stanley adjusts climate targets with Paris Agreement goal slipping
The bank’s 2030 targets now include a net-zero scenario that would limit additional temperature rise to 1.7°C, as aspirations for limiting global warming to 1.5°C fade.
By Lamar Johnson • Oct. 30, 2024 -
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Gender diversity on boards plateaus — but that’s not the full picture
It mirrors an ongoing trend in the diversity, equity and inclusion space, where interest and investments in equity seemed to be slowing.
By Caroline Colvin • Oct. 29, 2024 -
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SEC panel urged to back shareholder rights, proposal process
Shareholders’ rights advocates urged the agency's Investor Advisory Committee to defend the current proposal process as a “vital right of shareholders” against attempts to dilute them.
By Lamar Johnson • Oct. 29, 2024 -
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BlackRock targeted for greenwashing in ClientEarth complaint
The environmental nonprofit sent a complaint to French regulators alleging the firm is mislabeling funds as “sustainable,” despite holding $1 billion in fossil fuel investments.
By Lamar Johnson • Updated Oct. 25, 2024 -
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Most finance leaders believe sustainability targets out of reach: EY
CFOs leading companies active in the U.S. and Europe face a “fluid picture” when attempting to meet regulations for sustainability reporting, EY said.
By Jim Tyson • Oct. 24, 2024 -
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NYC comptroller proposes stopping pensions’ private market investments in fossil fuels
The funds would be the first U.S. public pension plans to have exclusions on investing in fossil fuel infrastructure like pipelines and liquefied natural gas terminals.
By Lamar Johnson • Oct. 23, 2024 -
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Renewable PPA prices continue to rise — and may do so through 2030, say LevelTen, Ascend analysts
Project delays, tariffs and a new round of supply shortages pushed renewable energy prices higher in the third quarter of 2024.
By Emma Penrod • Oct. 23, 2024 -
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Many middle market firms in ESG ‘wait and see’ mode, RSM says
While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.
By Chris Gaetano • Oct. 22, 2024 -
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IBM acquires Prescinto to bolster renewable energy asset management capabilities
The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.
By Lamar Johnson • Oct. 17, 2024 -
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Gas utility faces climate deception lawsuit by Oregon county
It's the first time a U.S. community has sued a gas utility for allegedly deceiving the public about the climate impacts of fossil fuels, advocates say.
By Ysabelle Kempe • Oct. 11, 2024 -
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Greenwashing cases fall for first time in 6 years, but high-severity filings surge: report
“There's certainly a global undercurrent of ‘greenhushing,’ so companies are being more cautious about how they communicate,” RepRisk’s chief commercial officer said.
By Lamar Johnson • Oct. 10, 2024 -
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US banks largely lagging on implementing best practices for net-zero: Exclusive
“What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.
By Lamar Johnson • Oct. 8, 2024 -
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How asset managers can integrate climate into their investment decisions: State Street, Impax
The report shows that “understanding and managing climate change’s impact on portfolios is core to delivering attractive investment returns and cannot be ignored,” Impax CEO Ian Simm said.
By Lamar Johnson • Oct. 7, 2024 -
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Anti-ESG proxy votes surge but they’re not passing
Shareholders submitted more than 100 anti-ESG proposals in the 2024 proxy season but none of those that made it to a vote received more than single-digit support.
By Robert Freedman • Oct. 4, 2024 -
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US corporate commitment to diversity in decline, McKinsey says
“Progress is surprisingly fragile, especially for women of color, who continue to be underrepresented at every level” of the corporate hierarchy, McKinsey said.
By Jim Tyson • Oct. 4, 2024 -
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California Gov. Newsom greenlights climate disclosure acts by signing new bill
Senate Bill 219 includes a series of amendments to climate bills SB 253 and SB 261, originally approved by Newsom last October, while retaining a 2026 start date.
By Zoya Mirza • Oct. 2, 2024 -
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ESG and sustainability conferences to watch in 2025
Corporations will increasingly look for help in meeting ESG goals, while navigating the current U.S. political environment.
By Lamar Johnson , Zoya Mirza • Updated Jan. 16, 2025 -
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State Street reduces support for E + S proposals, following other Big Three asset managers
State Street supported 6% of environmental and 7% of social proposals in the 2024 proxy season, confirming the nation’s largest asset managers all supported fewer such proposals than in 2023.
By Lamar Johnson • Sept. 23, 2024 -
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House GOP passes pair of anti-ESG bills targeting ‘woke’ investment policies
House Republicans passed a pair of bills this week aimed at pension funds and the Securities and Exchange Commission that Rep. Juan Vargas, D-Calif., said are “going nowhere” in a Democrat-controlled Senate.
By Lamar Johnson • Sept. 20, 2024 -
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Under 25% of Vanguard’s 2024 proxy pilot participants chose ESG-centered policies
The program’s third-party ESG policy option was particularly popular with investors of one of the firm’s ESG funds, though just under a quarter of pilot participants picked the option overall.
By Lamar Johnson • Sept. 18, 2024 -
Real estate firm CBRE curbs scope 1, 2 emissions by 24% since 2019
Its scope 1 emissions rose almost 16% since 2022 due to increased mileage across its vehicle fleet, which it looks to fully electrify by 2035, according to CBRE’s 2023 corporate responsibility report.
By Joe Burns • Sept. 18, 2024 -
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House GOP members probing federal membership in green finance network
Leaders of the House Financial Services Committee are conducting an investigation into the participation of U.S. agencies in the Network for Greening the Financial System.
By Lamar Johnson • Sept. 17, 2024 -
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EPA issues violation notice to ADM over carbon sequestration permit
The violation relates to corrosion in a monitoring well at the agricultural supply chain company’s second injection site that has since been plugged and did not affect surface or groundwater, ADM said in a statement.
By Lamar Johnson • Sept. 16, 2024
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