Sustainability: Page 10
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CalSTRS taps Ninety One to manage $150M sustainability mandate
The California State Teachers’ Retirement System is appointing the investment firm’s decarbonization-focused Global Environment Strategy to oversee the mandate.
By Zoya Mirza • Oct. 17, 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 -
Explore the Trendline➔
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TrendlineThe state of the clean energy transition in 2024
This year saw a large volume of initiatives and investments from corporations focused on the clean energy transition — alongside a handful of reversions on carbon reduction goals.
By ESG Dive staff -
Retrieved from Modern Meadow on October 14, 2024
Sustainable materials firm Modern Meadow names new CEO
David Williamson will take on the top spot after previously serving as president and COO.
By Laurel Deppen • Oct. 17, 2024 -
Justin Sullivan / Staff via Getty Images
Meta joins DOE initiative, pledges $35M for carbon removal projects
The tech conglomerate said the funding is a “direct response” to the Department of Energy’s carbon removal purchase program launched earlier this year.
By Zoya Mirza • Oct. 16, 2024 -
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JPMorgan Chase, Capital One commit $260M to Arizona solar project
The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.
By Lamar Johnson • Oct. 16, 2024 -
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Real estate firm CBRE acquires NRG Energy’s renewable advisory group
The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.
By Joe Burns • Oct. 16, 2024 -
Chip Somodevilla via Getty Images
CFTC issues final voluntary carbon market guidance
The final guidance includes standards to ensure carbon credits are not subject to manipulation and have their contract terms monitored.
By Lamar Johnson • Oct. 15, 2024 -
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DOE allocates $43M+ to advance industrial decarbonization technologies
The projects selected for the funding are expected to have implications for operators of industrial and commercial buildings, a U.S. Department of Energy official says.
By Nish Amarnath • Oct. 15, 2024 -
Brandon Bell via Getty Images
ExxonMobil, Texas ink deal for nation’s largest offshore CO2 storage site
The deal will allow the energy giant access to more than 270,000 acres of submerged land to store carbon dioxide under the surface of the Gulf of Mexico.
By Lamar Johnson • Oct. 14, 2024 -
Justin Sullivan via Getty Images
Big Oil loses bid to dismiss California greenwashing lawsuits
The Superior Court of San Francisco County denied a motion filed by major oil producers to dismiss climate-related suits filed in California based on the court lacking “personal jurisdiction.”
By Zoya Mirza • Oct. 14, 2024 -
Justin Sullivan / Staff via Getty Images
Amazon announces trio of climate fund investments for e-waste, low-carbon construction
The tech giant’s climate pledge fund participated in funding rounds for startups it believes will accelerate its path to net-zero by 2040.
By Lamar Johnson • Oct. 11, 2024 -
Sean Gallup via Getty Images
COP29CEOs from Ikea, Nestlé, H&M, others rally for climate action ahead of COP29
The letter, signed by senior executives from over 100 corporations, calls on governments and businesses to collaborate to address challenges related to climate risk mitigation.
By Zoya Mirza • Oct. 11, 2024 -
Nathan Howard via Getty Images
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 -
Asanka Ratnayake via Getty Images
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 -
Matthew Horwood/Getty Images via Getty Images
Uber rolls out climate-focused features, updates to drive sustainability progress
The ride-share giant’s expanded green product suite will allow users to hail more electric vehicles and track the amount of emissions they avoid by choosing sustainable transport options.
By Zoya Mirza • Oct. 10, 2024 -
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Opinion4 ways tech can help CFOs navigate a tricky ESG landscape
This year has marked the beginning of a groundswell of enhanced, regulated reporting on sustainability and climate data, writes Persefoni’s Emily Pierce.
By Emily Pierce • Oct. 10, 2024 -
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US energy transition path currently in line with 2.6 degrees Celsius temperature rise: BNEF
The nation is currently on track to cut just 22% of its carbon emissions by 2030, compared to the 50% needed to reach its Paris Agreement goals.
By Lamar Johnson • Oct. 9, 2024 -
Courtesy of Starbucks
Starbucks buys more innovation farms to create climate-proof coffee
Farmers in Costa Rica and Guatemala will test drones and hybrid crop varieties as the coffee company aims to address some of the region’s most pressing climate challenges.
By Sarah Zimmerman • Oct. 9, 2024 -
Panupong Piewkleng via Getty Images
Skills gap looms for energy efficiency jobs tied to net-zero emission goals: IEA
Dialogue among policymakers, employers and labor unions will play a critical role in training workers for skills relevant to the jobs being offered, a new International Energy Agency report says.
By Nish Amarnath • Oct. 9, 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 -
Katie Pyzyk/ESG Dive
Consumers are confused by packaging sustainability claims
Between greenwashing, confusing terminology and a lack of information, a lot gets lost in translation, according to speakers from the National Retail Federation, NielsenIQ and others at recent industry events.
By Katie Pyzyk • Oct. 8, 2024 -
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Carbon footprint of 21 private equity firms exceeds pre-pandemic global flight emissions
Two-thirds of the energy companies included in the portfolios of these private equity firms are invested in fossil fuels assets, which collectively emit 1.17 billion metric tons of CO2 equivalent annually.
By Zoya Mirza • Oct. 7, 2024 -
Sean Gallup via Getty Images
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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Sustainability spending tops US corporate agenda amid decarbonization hurdles: Carrier
Corporate focus on sustainability has increased despite economic headwinds and legislative uncertainty. Yet, many organizations face roadblocks from financial access to workforce shortages, experts say.
By Nish Amarnath • Oct. 7, 2024 -
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BlackRock scores win in ex-employee’s suit alleging discrimination in pursuit of DEI, ESG
A federal judge found that the former equity trader failed to provide evidence he was fired for being a white, heterosexual male and not for violating the firm’s COVID-19 vaccination policy.
By Lamar Johnson • Oct. 4, 2024
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