Sustainability: Page 10


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    Rodin Eckenroth via Getty Images
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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 Oct. 17, 2024
  • IBM Corporation Innovation Center headquarters located in Silicon Valley.
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    Sundry Photography via Getty Images
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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 Oct. 17, 2024
  • Power lines and wind turbines are seen at dawn. Explore the Trendline
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    Alexander Koerner via Getty Images
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    Trendline

    The 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
  • A close up of Modern Meadow's leather alternative material.
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    Retrieved from Modern Meadow on October 14, 2024
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    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
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    Justin Sullivan / Staff via Getty Images
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    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 Oct. 16, 2024
  • In an aerial view, the Kayenta Solar Plant is seen on June 23, 2024 in Kayenta, Arizona.
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    Brandon Bell via Getty Images
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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 Oct. 16, 2024
  • A solar panel rooftop photovoltaic installation with a city skyline in the background.
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    Funfunphoto via Getty Images
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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
  • Rostin Behnam
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    Chip Somodevilla via Getty Images
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    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 Oct. 15, 2024
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    Romaset via Getty Images
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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
  • The ExxonMobil logo displayed at its campus in Houston, Texas.
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    Brandon Bell via Getty Images
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    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 Oct. 14, 2024
  • California's Attorney General Rob Bonta speaks at a press conference.
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    Justin Sullivan via Getty Images
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    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 Oct. 14, 2024
  • The Amazon logo is displayed on the exterior of an Amazon delivery station on November 28, 2022 in Alpharetta, Georgia.
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    Justin Sullivan / Staff via Getty Images
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    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 Oct. 11, 2024
  • Mukhtar Babayev, COP29 President-Designate, speaks on stage.
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    Sean Gallup via Getty Images
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    COP29

    CEOs 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 Oct. 11, 2024
  • Aerial shot of people inside a large indoor space. People sit on folding chairs and lay on mats on the floor.
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    Nathan Howard via Getty Images
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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
  • Climate change protestors are seen marching.
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    Asanka Ratnayake via Getty Images
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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 Oct. 10, 2024
  • A close-up of an Uber app.
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    Matthew Horwood/Getty Images via Getty Images
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    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 Oct. 10, 2024
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    imaginima via Getty Images
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    Opinion

    4 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
  • Transport trucks and cars drive down a highway with windmills in the background
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    David McNew via Getty Images
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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 Oct. 9, 2024
  • A farmer holds a coffee plant bearing fruit
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    Courtesy of Starbucks
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    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
  • A female engineer squats down to inspect and control the cooling system of a large factory air conditioner
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    Panupong Piewkleng via Getty Images
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    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
  • The Wall Street street sign is visible in the foreground with a picture of a trader in front of the stock market on the left of the sign. Three american flags are out of focus in the background.
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    Spencer Platt via Getty Images
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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 Oct. 8, 2024
  • A large screen at an event shows a bubble graph of words that consumers believe makes a brand sustainable.
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    Katie Pyzyk/ESG Dive
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    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
  • Coal falls off a conveyor belt onto a larger pile of coal. Multiple mounds of coal can be seen.
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    George Frey via Getty Images
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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 Oct. 7, 2024
  • A conference participant walks past a spinning representation of Planet Earth during the UNFCCC COP27.
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    Sean Gallup via Getty Images
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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 Oct. 7, 2024
  • A facade of a sustainable glass office building with a tree for reducing carbon dioxide.
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    Fahroni via Getty Images
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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
  • corporate activism backlash, Tom Lin, Temple Univ.
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    Andrew Burton via Getty Images
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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 Oct. 4, 2024