Sustainability: Page 19
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Courtesy of Volvo Cars
$1.3B earmarked for EV charging network expansion in US
The Biden-Harris Administration aims to accelerate public and private investment in clean transportation with the historic grant funding.
By Haley Cawthon • June 7, 2024 -
Sean Rayford via Getty Images
Senate panel worries climate change is pushing insurance markets to the brink
Witnesses and the committee’s chair drew parallels between the current home insurance market and conditions leading up to the 2007-08 recession.
By Lamar Johnson • June 6, 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 -
Zoya Mirza/ESG Dive
The fashion industry’s ‘urgent need’ for sustainable practices
It is “incumbent” on the industry to “bring new solutions forward,” said experts and stakeholders at the United Nations Fashion and Lifestyle Network annual meeting.
By Zoya Mirza • June 6, 2024 -
Julie Strupp/ESG Dive
How climate change is hitting highways
Resilience is a key consideration for road builders amid a slew of new environmental conditions, said a Federal Highway Administration official at the recent NIBS conference in Washington, D.C.
By Julie Strupp • June 6, 2024 -
Spencer Platt/Getty Images via Getty Images
Sierra Club, NRDC drop legal challenges to SEC climate rule
The two environmental groups have decided to focus resources elsewhere to improve climate-related financial disclosures.
By Lamar Johnson • June 5, 2024 -
Johannes Simon via Getty Images
2 major EU sustainability and human rights regulations signed into law
The rules, which ban destruction of unsold textiles among other things, aim to redefine product standards and promote sustainability.
By Lauren Schenkman • June 5, 2024 -
Mario Tama via Getty Images
Energy Capital Partners secures $6.7B to invest in clean energy industry
The New Jersey-based private equity firm said its fifth flagship fund would invest in companies focused on power generation, decarbonization and renewable and storage assets.
By Zoya Mirza • June 4, 2024 -
Kylie Cooper via Getty Images
Vermont sends climate change tab to fossil fuel companies
The Green Mountain State passed legislation which holds oil and gas companies financially accountable for damage caused by climate change.
By Lamar Johnson • June 4, 2024 -
Getty Images via Getty Images
IFRS, GRI seek full interoperability as global jurisdictions align with ISSB
The organization behind the International Sustainability Standards Board also said jurisdictions accounting for 55% of global GDP are aligning with its frameworks.
By Lamar Johnson • June 3, 2024 -
Brandon Bell via Getty Images
ExxonMobil’s ongoing war on ESG
The oil major is forging ahead with legal action against shareholders who pushed for climate action, despite resistance from state funds and finance officials who have rallied against its suit.
By Zoya Mirza , Lamar Johnson • Updated June 18, 2024 -
lucky-photographer via Getty Images
SBTi tightens target-setting guidelines for financial institutions
This is the first time public banks and asset managers have been looped into SBTi’s framework, which also includes fossil fuel financing target guidelines for the first time.
By Lamar Johnson • May 31, 2024 -
Asanka Ratnayake via Getty Images
Asset, pension managers bolster Climate Action 100+ after member exodus
The investor group was backed by the nation’s largest retirement fund and other pension systems Tuesday after it lost JPMorgan, State Street and PIMCO as members earlier this year.
By Zoya Mirza • May 31, 2024 -
Mario Tama via Getty Images
Treasury issues proposed guidance on technology-neutral clean energy tax credits
The new credits, which cover wind, solar, hydropower, nuclear, geothermal and other technologies, are “one of the [Inflation Reduction Act’s] most significant reforms,” the Treasury Department said in a release.
By Diana DiGangi • May 31, 2024 -
Sakorn Sukkasemsakorn via Getty Images
White House looks to bolster carbon market credibility
The Biden administration released new principles for responsibly participating in voluntary carbon markets in what was called a “pragmatic step” by the CEO of carbon data platform Sylvera.
By Lamar Johnson • May 30, 2024 -
Justin Sullivan via Getty Images
Google, Meta, Microsoft, Salesforce launch coalition to contract carbon removal credits
The Symbiosis Coalition aims to purchase up to 20 million tons of nature-based carbon removal credits for the tech companies by 2030.
By Zoya Mirza • May 29, 2024 -
EEI joins AEP, Duke, other utilities in suing EPA over power plant greenhouse gas rule
The trade group for investor-owned utilities contends it is “premature” to set emission limits based on carbon capture technology.
By Ethan Howland • May 29, 2024 -
Brandon Bell via Getty Images
Judge green lights ExxonMobil’s suit against Arjuna Capital, dismisses Follow This
Texas’ Northern District Court said it would not drop the oil giant’s lawsuit against its activist investors, but dismissed Netherlands-based Follow This as it fell outside its jurisdiction.
By Zoya Mirza • May 24, 2024 -
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JPMorgan, Morgan Stanley shareholders modestly support Indigenous rights, climate proposals
While voters did not approve shareholder resolutions at either meeting, the results displayed similar, if not greater, support as nearly identical proposals at other large U.S. banks.
By Lamar Johnson • May 24, 2024 -
Courtesy of Toyota
Toyota debuts renewable energy system at Port of Long Beach
Called “Tri-gen,” the system produces renewable electricity, renewable hydrogen and usable water from biogas.
By S.L. Fuller • May 24, 2024 -
Scott Barbour via Getty Images
Shell shareholders approve diluted climate strategy at annual meeting
Shareholders also rejected a resolution from shareholder activist Follow This to align the oil major’s scope 3 goals with the Paris Agreement.
By Lamar Johnson • May 23, 2024 -
Win McNamee via Getty Images
State finance officials, fund trustees join CalPERS to oppose ExxonMobil slate
A group of 13 state officials and pension plan leaders have urged major asset managers to vote against the oil major’s board and CEO at its May 29 annual meeting.
By Zoya Mirza • May 23, 2024 -
imacoconut via Getty Images
OpinionInvesting in green companies: Why private equity should lead the charge
Investing in green companies not only addresses pressing environmental concerns but offers compelling financial returns as well.
By Hajar Jouglaf • May 23, 2024 -
(2021). [Photograph]. Retrieved from Office of the Texas Governor.
House Democrats probe Texas, Florida over financial impact of anti-ESG laws
Both conservative-led states have laws in place that ban consideration of ESG factors within state funds and policies, leading to divestments from firms that allegedly boycott fossil fuels.
By Zoya Mirza • May 22, 2024 -
Permission granted by Kyndryl
Delta’s 2023 emissions exceeded pre-pandemic levels as air travel bounced back: report
While the airline’s overall emissions topped its 2019 baseline, its scope 1 and 2 emissions remain below pre-pandemic levels.
By Lamar Johnson • May 22, 2024 -
Eric Walz/ESG Dive
Inside Honda’s updated multibillion-dollar electrification strategy
The massive investments will be used to establish a comprehensive electric vehicle value chain.
By Eric Walz • May 22, 2024
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