Sustainability: Page 12


  • State Street building. Yellow banners say "State Street Global Advisors" "Reinventing Investing"
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    Monica Schipper via Getty Images
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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 Sept. 23, 2024
  • Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%.
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    Anna Moneymaker via Getty Images
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    Clean energy a ‘big winner’ as Fed cuts interest rates more than expected

    Renewable energy projects are “very sensitive to the cost of capital,” particularly for capital-intensive technologies like offshore wind, said Mona Dajani, a partner at Baker Botts.

    By Diana DiGangi • Sept. 23, 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
  • Lilly Biotechnology Center in San Diego, California
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    Michael Vi / Getty Images via Getty Images
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    Q&A

    How Lilly’s sustainability goals come face to face with massive growth

    Eli Lilly’s head of ESG is maintaining a focus on sustainability even as the company’s expansion plans in weight loss drive a larger footprint and more social scrutiny.

    By Michael Gibney • Sept. 23, 2024
  • Mukhtar Babayev speaks to the media during a conference.
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    Sean Gallup via Getty Images
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    COP29

    COP29 president unveils climate action agenda with no mention of fossil fuel phase out

    Though the agenda introduced a spate of environmental initiatives, it lacked any direct mentions of transitioning away from fossil fuels, a goal set during COP28.

    By Sept. 20, 2024
  • The sun sets behind the US Capitol
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    Tom Brenner via Getty Images
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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 Sept. 20, 2024
  • Mukhtar Babayev, COP29 President-Designate, speaks on stage.
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    Sean Gallup via Getty Images
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    COP29

    $29 trillion investor coalition urges governments to tackle climate crisis ahead of COP29

    A coalition of over 530 financial institutions is urging policymakers to “take robust action” on climate change, including mandating climate-related disclosures and boosting sustainable investments.

    By Sept. 19, 2024
  • Solar panels in a desert with storm clouds in the background.
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    trekandshoot via Getty Images
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    US solar panel manufacturing jumps fourfold after Inflation Reduction Act

    The sector is enjoying massive production investment thanks to the clean energy law, even as it contends with heightened tariffs.

    By Joelle Anselmo • Sept. 19, 2024
  • Wall Street sign with U.S. flags in background
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    lucky-photographer via Getty Images
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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 Sept. 18, 2024
  • The outside of a factory is seen. A sign with "JBS" in red letters is plastered on the front.
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    Chet Strange via Getty Images
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    JBS unlocks renewable gas production at US beef and poultry plants

    With help from GreenGasUSA’s on-site systems, the Brazil-based meat giant plans to transform methane from its wastewater streams into sustainable fuel.

    By Nathan Owens • Sept. 18, 2024
  • A front reception desk at a CBRE office.
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    "CBRE reception" by EG Focus is licensed under CC BY 2.0
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    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
  • A close-up of the Occidental Petroleum logo outside its headquarters.
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    Brandon Bell via Getty Images
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    Occidental’s 1PointFive secures up to $500M from DOE for carbon removal

    The Department of Energy’s Office of Clean Energy Demonstrations will provide the funding to develop a direct air capture hub which can remove 500,000 metric tons of carbon dioxide annually.

    By Sept. 17, 2024
  • House Financial Committee Chair Patrick McHenry
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    Kevin Dietsch via Getty Images
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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 Sept. 17, 2024
  • Actor Matt Damon speaks onstage at a Clinton Global Initiative event.
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    Spencer Platt via Getty Images
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    Matt Damon-backed WaterEquity pulls $100M+ from Microsoft, Starbucks, others for new climate fund

    The Water & Climate Resilience Fund aims to make safe water or sanitation accessible to 15 million people based across Africa, Asia and Latin America.

    By Sept. 16, 2024
  • Heavy smoke clouds of carbon emissions spew from three cylindrical columns rising from a factory in the background, partly obscured by trees, with the roof of a house barely visible in the foreground.
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    Mark Wilson via Getty Images
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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 Sept. 16, 2024
  • a hand sticks a fork in a salad in a disposable cup
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    Giuseppe Lombardo via Getty Images
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    EPA expands recommended ecolabels for food service ware purchases

    It’s the first time in nearly 10 years the agency is evaluating new recommendations of standards for sustainable federal purchasing. EPA said it would accept comments on the proposed updates for 30 days.

    By Maria Rachal • Sept. 16, 2024
  • Gary Gensler is in focus speaking with a finger raised in front of a name card. An aide sits behind him out of focus.
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    Kevin Dietsch via Getty Images
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    SEC disbands its climate and ESG enforcement task force

    The Securities and Exchange Commission said it will return its attention to greenwashing if it sees another spike in risk, an agency spokesperson told ESG Dive.

    By Sept. 13, 2024
  • GM CEO Mary Barra and Hyundai Motor Group Executive Chair Euisun Chung  signing the collaboration agreement while seated at a table covered in a black table cloth.
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    Courtesy of Hyundai Motor Group
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    GM, Hyundai plan global alliance on EVs, clean-energy tech

    The potential collaboration aims to reduce automaker costs and deliver a wider range of vehicles and emerging technologies to market faster.

    By Eric Walz • Sept. 13, 2024
  • Wall Street
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    Spencer Platt via Getty Images
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    Big banks pressed to stop financing livestock production over climate concerns

    An open letter singles out JPMorgan Chase, Bank of America and other institutions for their support of food giants like JBS, saying lending activities undermine the sector’s environmental commitments.

    By Sarah Zimmerman • Sept. 13, 2024
  • Shirt on a hanger with a recycling tag attached.
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    BlackSalmon via Getty Images
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    ClimeCo unveils certification program for sustainable products

    The environmental services company’s new certification aims to help companies communicate their sustainability initiatives and consumers make informed purchasing decisions.

    By Sept. 12, 2024
  • Rep. Bill Huizenga speaks with his glasses in his right hand at a congressional hearing.
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    Chip Somodevilla via Getty Images
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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 Sept. 12, 2024
  • Blue, red and purple store sign saying Patagonia
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    Michael M. Santiago / Staff via Getty Images
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    Patagonia joins sustainable packaging initiative aimed at protecting forests

    The retailer is collaborating with environmental nonprofit Canopy to develop paper products using agricultural waste and non-forest fibers.

    By Kelly Stroh • Sept. 12, 2024
  • Google New York City Headquarters, Manhattan
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    Michael M. Santiago via Getty Images
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    Google taps direct air capture startup for latest carbon removal deal

    The tech giant will purchase carbon removal credits from Holocene for $100 per ton of carbon dioxide, a price tag considered to be the lowest on record for direct air capture technologies.

    By Sept. 11, 2024
  • The Bank of America logo is displayed on the side of a Bank of America branch office January 20, 2010 in San Francisco, California.
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    Justin Sullivan / Staff via Getty Images
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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 Sept. 11, 2024
  • Close-up view of legacy Keurig Green Mountain single-serve K-Cup coffee pods.
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    Joe Raedle via Getty Images
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    Keurig Dr Pepper to pay $1.5M to settle charges over recyclability claims

    The U.S. Securities and Exchange Commission says the beverage company omitted from filed documents some important information about testing the curbside recyclability of its K-Cup coffee pods. 

    By Katie Pyzyk • Sept. 11, 2024
  • Computer screen shows data, images & moving graphics associated with climate change.
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    Laurence Dutton via Getty Images
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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 Sept. 10, 2024