Sustainability: Page 17
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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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Sustainability is a key factor in improved financial performance: KPMG
Indicators like lower carbon dioxide emissions, land environmental impact reduction and business ethics policies are linked to increased gross profit margin, per a study of 2,617 companies.
By Suman Bhattacharyya • July 11, 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 -
Courtesy of Jeanologia
Sustainable garment tech hub to open in Miami
Spain-based Jeanologia is opening the production center as it looks to expand its presence in the U.S.
By Laurel Deppen • July 11, 2024 -
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Global solar and wind capacity will more than triple to 8 TW by 2033: Wood Mackenzie
Global energy storage will grow by 636% to add nearly 2,789 gigawatt hours of capacity over the next decade, according to WoodMac's latest global market outlook.
By Diana DiGangi • July 10, 2024 -
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Lego to mandate sustainability targets across supply chain
The Danish toy maker is turning to suppliers to help cut emissions from its indirect operations, primarily its supply chain, as they make up the majority of its carbon footprint.
By Zoya Mirza • July 9, 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 -
David McNew via Getty Images
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 -
Justin Sullivan via Getty Images
Google inks renewable power agreement with Engie
Google has signed five corporate power purchase agreements with Engie, which will provide over 118 megawatts of power to boost the tech giant’s operations in Belgium.
By Zoya Mirza • July 8, 2024 -
Jeff J Mitchell via Getty Images
Climate groups say carbon offsets undermine emission reduction targets
Over 80 organizations addressed global companies and governments Tuesday, saying a reliance on carbon credits will likely “slow down global emission reductions.”
By Zoya Mirza • July 3, 2024 -
Dan Kitwood via Getty Images
Consumers want ethical sourcing, labeling on manmade fibers: report
Nearly three quarters of survey respondents think materials such as viscose and lyocell should come from sustainable forests.
By Lara Ewen • July 3, 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 -
Chip Somodevilla via Getty Images
Fidelity updates sustainable investing framework against regulatory backdrop
Fidelity’s international arm said its revised framework aims to “ensure ongoing alignment with transparency and disclosure requirements.”
By Zoya Mirza • July 2, 2024 -
Sean Gallup via Getty Images
UN-backed group, others collaborate to boost global sustainable finance taxonomies
The United Nations Environment Programme Finance Initiative, Principles for Responsible Investment and the Climate Bonds Initiative aim to “harmonize taxonomy definitions and concepts.”
By Zoya Mirza • July 1, 2024 -
Justin Sullivan via Getty Images
Google invests in BlackRock-owned solar company to aid net-zero goals
The tech giant will invest in the buildout of Taiwan’s clean energy capacity for the rights to procure up to 300 MW of solar power from New Green Power’s development pipeline.
By Lamar Johnson • July 1, 2024 -
John Moore via Getty Images
IFRS partners with World Bank member to improve emerging market disclosures
The foundation behind the International Sustainability Standards Board signed a memorandum of understanding with the International Finance Corporation Thursday.
By Lamar Johnson • June 28, 2024 -
Scott Olson via Getty Images
T.J. Maxx, HomeGoods parent company to adopt new energy management system in the US
The off-price retailer’s move to integrate its U.S. building management systems into a single, centralized platform comes as it mulls the prospect of adding more than 100 U.S. stores this year.
By Nish Amarnath • June 28, 2024 -
Mark Wilson via Getty Images
Supreme Court blocks enforcement of EPA’s ‘good neighbor’ rule
The 5-4 decision was criticized by clean energy advocates who said the court failed to address the “public health harm that occurs during the pendency of the stay granted.”
By Robert Walton • June 28, 2024 -
Justin Sullivan via Getty Images
Wendy’s inks deal with solar company to cut restaurant emissions
The collaboration with Ampion Renewable Energy will help provide renewable electricity to local utility grids and decrease restaurants’ reliance on fossil fuels.
By Zoya Mirza • June 27, 2024 -
Omer Messinger via Getty Images
Zara owner pledges to stop using endangered and ancient forests in paper packaging
The initiative builds on Inditex’s previous commitment to remove those materials from textiles.
By Laurel Deppen • June 27, 2024 -
Courtesy of Holy Cross Energy
US energy storage installations set Q1 record with 84% jump: WoodMac/ACP
Utility-scale installations more than doubled from Q1 2023 while residential installations increased by 48%, driven by California’s NEM 3.0 net billing tariff.
By Brian Martucci • June 27, 2024 -
Dean Mouhtaropoulos via Getty Images
ExxonMobil taps Air Liquide for low-carbon hydrogen project
The industrial gasses company will invest up to $850 million to build and operate four air separation units to boost the oil giant’s Texas hydrogen project.
By Zoya Mirza • June 26, 2024 -
Creative via Getty Images
ISSB aims to further streamline climate disclosures
“During the next two years, the ISSB will deliver further harmonization and consolidation of the disclosure landscape in response to market demand,” the sustainability reporting organization said.
By Lamar Johnson • June 26, 2024 -
Sean Gallup via Getty Images
Corn growers file legal challenge against EPA’s trucking emissions rule
Industry groups argue that a transition to battery-powered trucks would have unintended consequences for the biofuels and agricultural industries.
By Nathan Owens • June 26, 2024 -
Spencer Platt via Getty Images
Unilever, Ikea, others push governments to accelerate climate action plans
The “Mission 25” group — which represents some of the world’s biggest companies, financial institutions and cities — is urging governments worldwide to align climate goals with the Paris Agreement.
By Zoya Mirza • June 25, 2024
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