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House Financial Services panel hearing probes proxy advisors’ ESG influence
Rep. Bill Huizenga, R-Mich., said advisors are becoming “de facto standard setters” for governance, while a witness compared them to consultants who help investors “sift through mountains of data.”
By Lamar Johnson • Sept. 12, 2024 -
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BofA closes $205M tax equity deal for carbon capture, clean fuel credits
Bank of America will purchase carbon capture and clean fuel production tax credits in a novel financing deal with biofuels producer Harvestone Low Carbon Partners.
By Lamar Johnson • Sept. 11, 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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Workiva, Visual Lease team up to boost sustainability reporting
The partnership between the ESG reporting software firm and the lease management platform will allow mutual clients to accurately report progress on their sustainability goals.
By Zoya Mirza • Sept. 10, 2024 -
Courtesy of Volvo
Volvo scales back its EV goals
In 2021, the automaker pledged to be fully electric by 2030. Now, the company is abandoning that goal, focusing instead on “electrified” models.
By Haley Cawthon • Sept. 9, 2024 -
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Morgan Stanley drops plastic pollution financing goal
A spokesperson for the bank told ESG Dive it would no longer have the standalone goal due to data availability and quality challenges as required climate disclosures near.
By Lamar Johnson • Sept. 6, 2024 -
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Q&A5 keys to strong organizational sustainability governance: MorganFranklin Consulting
Andrew Rizkallah, who leads the firm's ESG advisory services, explained how to beef up key reporting processes or start from scratch.
By Lamar Johnson • Aug. 30, 2024 -
Mario Tama via Getty Images
Major oil and gas firms ramp up voluntary ESG reporting: EY
Regulatory and shareholder pressure is elevating sustainability reporting to a key priority on par with a firm’s financial and operational performance, an EY report suggests.
By Suman Bhattacharyya • Aug. 30, 2024 -
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US clean energy jobs grew 4.2% in 2023: DOE
The U.S. added clean energy jobs at more than twice the rate of the broader economy, according to the Department of Energy.
By Robert Walton • Aug. 29, 2024 -
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Global packaging giant Amcor releases decarbonization road map
Redesigning packaging to weigh less, use fewer materials and incorporate lower-carbon materials is part of the company’s efforts to reach SBTi-validated 2033 emissions reduction targets.
By Maria Rachal • Aug. 27, 2024 -
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Shein reports 2 cases of child labor in its supply chain
The fast fashion giant discovered the cases last year, and suspended orders from the manufacturers pending “appropriate remediation.”
By Laurel Deppen • Aug. 26, 2024 -
Maria Rachal/ESG Dive
Coca-Cola ‘on track’ for packaging recyclability goal, ‘behind plan’ on recycled content target
In an environmental update, the beverage giant reported that progress on reusable packaging formats and recyclability was stagnant in 2023 while its rate of recycled PET use ticked up.
By Maria Rachal • Aug. 23, 2024 -
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BlackRock’s support for E+S proposals whittles away in 2024 proxy season
The nation’s largest investment manager noted a rise in shareholder proposals focused on environmental and social matters and anti-ESG filings.
By Lamar Johnson • Aug. 22, 2024 -
Chip Somodevilla via Getty Images
Friend or foe: Unpacking what the amicus briefs say about the SEC’s climate rule
Amicus briefs in the Securities and Exchange Commission’s ongoing lawsuit concerning its climate disclosure rule find institutional investors and businesses largely on opposite sides.
By Lamar Johnson • Aug. 20, 2024 -
Drew Angerer via Getty Images
Microsoft builds on sustainability suite with new ESG reporting tool
The new tool allows companies to streamline, simplify and accelerate their reporting process and offers templates for a broad range of ESG standards and frameworks.
By Zoya Mirza • Aug. 9, 2024 -
Brendan Smialowski / Stringer via Getty Images
SEC defends its authority for climate disclosure rule in court
The agency said its climate rule will help to better inform investors with “more detailed, consistent, and comparable information” in replying to legal challengers.
By Lamar Johnson • Aug. 8, 2024 -
Courtesy of Mars Wrigley Australia
Mars doubts it can achieve 2025 sustainable packaging targets
Almost half of Mars’ packaging portfolio is being redesigned or eliminated to align with current or future recycling infrastructure. But infrastructure advancement is taking longer than expected, per its latest sustainability report.
By Maria Rachal • Aug. 2, 2024 -
innni via Getty Images
Deloitte partners with property management platform for decarbonization solution
Akila, which produces virtual copies of facilities for building management, will target both companies’ clients to help them reduce emissions and prepare for disclosures.
By Lamar Johnson • July 24, 2024 -
Jack Taylor via Getty Images
Sustainability reporting, ESG management roles on the rise: Deloitte
The accounting firm’s survey of 300 executives at public companies pointed to an increase in sustainability oversight as disclosure requirements mount.
By Zoya Mirza • July 22, 2024 -
Joey Sirmons/ESG Dive
Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations
Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.
By Zoya Mirza , Lamar Johnson • July 16, 2024 -
Kena Betancur via Getty Images
SBTi calls on financial institutions to pilot net-zero standard
The climate target validation organization is looking for participants to test a standard that will encompass near- and long-term portfolio-wide goals.
By Lamar Johnson • July 11, 2024 -
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SEC’s ESG greenwashing, human capital disclosure rules pushed to October
The Securities and Exchange Commission’s delayed rulemaking timeline comes against a backdrop of increased scrutiny on ESG-related regulations.
By Zoya Mirza • July 10, 2024 -
Mario Tama via Getty Images
American Airlines CEO sounds alarm on aviation sector decarbonization
CEO Robert Isom said in the airline’s latest ESG report its climate goals are in jeopardy, given the industry’s current decarbonization efforts.
By Lamar Johnson • July 9, 2024 -
Courtesy of Google
Google’s AI efforts slow sustainability gains
The company’s greenhouse gas emissions climbed 13% last year as compute intensity increased, according to its annual environmental report.
By Lindsey Wilkinson • July 9, 2024 -
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38% of public companies ‘significantly misaligned’ to net-zero: Morningstar
Of more than 3,300 public companies, none are on track to hit the Paris Accords’ 2050 target, a study from the financial services revealed.
By Lamar Johnson • July 8, 2024 -
gorodenkoff via Getty Images
Generative AI gains foothold in ESG landscape
The increased use of artificial intelligence in ESG, beyond reporting, was on display at the Amazon Web Services conference last week.
By Lamar Johnson • Updated July 8, 2024
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