Sustainability: Page 18
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Courtesy of Nestlé
Nestlé introduces sustainably sourced chocolate brand
The confectionery offering, which uses cocoa certified by the Rainforest Alliance, will be available in airports around the world.
By Christopher Doering • June 25, 2024 -
Justin Sullivan via Getty Images
Microsoft partners with agricultural tech company for carbon removal
The tech giant will purchase 40,000 soil-based carbon credits from Indigo Ag, a transaction the sustainable agriculture company called a “major milestone.”
By Zoya Mirza • June 24, 2024 -
Explore the Trendline➔
Alexander Koerner via Getty Images
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 -
Carl Court via Getty Images
Bloomberg launches CSRD data tool as reporting deadlines begin to loom
“Better data drives better investment decisions,” Bloomberg’s global head of sustainable finance solutions said in a release.
By Lamar Johnson • June 24, 2024 -
Courtesy of PepsiCo
PepsiCo anticipates missing certain 2025 packaging sustainability goals
The same day the company released its ESG report acknowledging it’s unlikely to hit a 2025 packaging circular design target, the city of Baltimore sued PepsiCo and others for their “significant roles in creating a plastic pollution crisis.”
By Katie Pyzyk • June 24, 2024 -
Justin Sullivan via Getty Images
Anti-ESG laws challenge fiduciary obligations, add significant reporting burden: PRI
The impact of anti-ESG legislative efforts is uncertain and could affect capital availability for businesses and investment vehicles that have a sustainability or social focus, experts say.
By Suman Bhattacharyya • June 21, 2024 -
Chris Hondros / Staff via Getty Images
Citi calls carbon emissions report from environmental group ‘misleading’
Stand.earth reported earlier this week that the bank is a leading financier of the maritime liquefied natural gas industry, but the bank takes issue with the methodology used.
By Lamar Johnson • June 20, 2024 -
Lukas Schulze via Getty Images
Workiva launches sustainable solutions platform, acquires carbon accounting firm
The ESG reporting software firm said its new platform will let companies “prepare and file audit-ready financial and non-financial reports” amid growing disclosure requirements.
By Zoya Mirza • June 20, 2024 -
Jens Schlueter via Getty Images
2024 ElectionsTrump could roll back Inflation Reduction Act tax credits if reelected
Volkswagen and Samsung SDI leaders expressed concerns at a conference last week about the stability of the IRA should the administration change.
By Kate Magill • June 20, 2024 -
Stephen Lam via Getty Images
Salesforce announces spate of climate investments
The three new investments include joining a decarbonization initiative, a PPA for a 27-megawatt solar project and committing almost $4 million to climate-focused philanthropy.
By Zoya Mirza • June 18, 2024 -
Brandon Bell via Getty Images
Federal court dismisses ExxonMobil lawsuit against activist shareholder
Judge Mark Pittman said “second time’s the charm” for Arjuna Capital, and ruled the case to be moot following the investor’s pledge to not submit climate proposals to the energy giant.
By Lamar Johnson • June 18, 2024 -
TebNad via Getty Images
Local opposition to renewable energy projects ‘widespread and growing’: Columbia University report
The report tracks 395 local restrictions on renewable energy development, with 55 of those emerging in the last year.
By Diana DiGangi • June 18, 2024 -
Mario Tama via Getty Images
Gap, H&M, others join initiative to decarbonize fashion supply chain
The Future Supply Initiative will provide brands with financing models and technical support to help their suppliers transition to low carbon technologies and solutions.
By Zoya Mirza • June 17, 2024 -
Justin Sullivan via Getty Images
Q&AHow Supplier.io’s collaboration with CDP boosts supply chain transparency
Supplier.io CEO Aylin Basom said clients were asking the supply chain diversity and ESG data company for additional insights, which led the company to pursue the partnership.
By Lamar Johnson • June 17, 2024 -
Scott Olson via Getty Images
Hershey ramps up renewable energy sourcing to slash emissions
The chocolate manufacturer increased its procurement of electricity from green sources to 80% in 2023, up from 77% in 2022 — a rise it attributed to PPAs and clean energy credits.
By Zoya Mirza • June 14, 2024 -
Andrew Burton via Getty Images
BlackRock launches ‘transition aware’ funds overseas, as it shies away from ESG in US
The climate-focused funds will be listed in the European Union and will invest at least 80% of their assets in ESG-aligned activities.
By Lamar Johnson • June 14, 2024 -
Courtesy of Tesla Inc.
EV adoption falls to its lowest point since 2021: JD Power
Meanwhile, electric vehicles are more available than they’ve ever been.
By Kalena Thomhave • June 14, 2024 -
Drew Angerer via Getty Images
Microsoft leans on forest management for carbon removal credits
The tech giant will purchase over 970,000 nature-based carbon removal credits derived from Anew Climate’s expansive portfolio of afforestation projects across the U.S.
By Zoya Mirza • June 13, 2024 -
Jemal Countess via Getty Images
Witnesses combat House panel report of ‘collusion’ on decarbonization
A day after the Judiciary Committee’s report, witnesses from Ceres, Arjuna Capital and CalPERS disputed claims alleging their work constitutes antitrust violations.
By Lamar Johnson • June 13, 2024 -
RoschetzkyIstockPhoto via Getty Images
NextEra Energy Resources, Entergy strike 4.5 GW solar and storage development deal
The five-year agreement will allow Entergy to access NextEra Energy’s supply chain and its development expertise to expand Entergy’s renewable energy portfolio.
By Emma Penrod • June 13, 2024 -
Justin Sullivan via Getty Images
California goes after Big Oil’s ‘illegal’ profits over alleged greenwashing
ExxonMobil, Shell, Chevron, ConocoPhillips, BP and the American Petroleum Institute may be required to surrender profits gained from false advertising, according to an amended complaint filed Monday.
By Zoya Mirza • June 12, 2024 -
Chip Somodevilla via Getty Images
House Judiciary: Climate groups and activists ‘colluding’ on decarbonization
The interim report from the years-long probe accuses groups in the financial system of forming a “climate cartel” that “has declared war on the American way of life.”
By Lamar Johnson • June 12, 2024 -
Drew Angerer via Getty Images
House Oversight Committee probes IRS over ESG policies
Committee Chair James Comer asked IRS Commissioner Daniel Werfel to explain how the agency ensures state retirement plans invest for the “exclusive benefit” of enrollees.
By Zoya Mirza • June 11, 2024 -
Chip Somodevilla via Getty Images
Deep DiveDrive for energy permitting reform fuels tensions between climate, environmental justice advocates
A simplified permitting process would speed the deployment of clean energy, but some EJ advocates are concerned about unintended consequences.
By Diana DiGangi • June 11, 2024 -
ppengcreative via Getty Images
Sponsored by EnergyCAPFilm studios prioritize energy efficiency: A look at Garden Studios’ innovative approach
By adopting EnergyCAP SmartAnalytics, Garden Studios not only upholds its commitment to environmental stewardship but also sets a benchmark for other studios to follow.
June 10, 2024 -
David McNew via Getty Images
Scope 3 reporting is increasing, but cultural gaps undermine companies’ confidence in results
Internal considerations, including ROI and buy-in from CFOs and others, may hinder investments in reporting tools, a Reuters survey found.
By Suman Bhattacharyya • June 7, 2024
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