Sustainability: Page 20
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Anti-ESG laws hurting Texas economically, unpopular with voters: research
Pro-ESG group Unlocking America’s Future said Texas’ anti-ESG laws are hurting the state’s reputation as being “good for business.”
By Lamar Johnson • May 21, 2024 -
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CalPERS to vote against ExxonMobil directors at shareholder meeting
The country’s largest pension fund said it would oppose appointment of all 12 of the oil giant’s board of directors, citing its lawsuit against Arjuna Capital and Follow This.
By Zoya Mirza • May 21, 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 -
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BlackRock, State Street retain Oklahoma pension system contracts after anti-ESG law pause
Contract renewals for the two firms were on hold due to Oklahoma’s 2022 Energy Discrimination Elimination Act, which got blocked by a district court judge earlier this month.
By Lamar Johnson • May 20, 2024 -
Courtesy of BCG
Q&AHow companies should approach compliance under multiple climate reporting regulations: BCG
Companies may need to reorganize as climate disclosure mandates take shape, says Tim Mohin, a partner and director at Boston Consulting Group.
By Suman Bhattacharyya • May 20, 2024 -
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IRS extends domestic content bonus credit applicability for hydropower, solar
The guidance also aims to “remove unnecessary burdens on taxpayers by allowing them to reference default cost percentages,” said American Council on Renewable Energy President and CEO Ray Long.
By Diana DiGangi • May 20, 2024 -
image via Getty Images
Schneider Electric purchases IRA tax credits from solar manufacturer
The senior director of renewables for Schneider’s sustainability business called the Inflation Reduction Act’s transferable credits a “revolutionary development.”
By Lamar Johnson • May 17, 2024 -
Max Whittaker via Getty Images
CalPERS to commit $25B to private market climate solutions
The allocation is part of the California pension fund’s strategy to double its climate investments to $100 billion by 2030, which it announced last year.
By Zoya Mirza • May 17, 2024 -
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Clean energy tax credit market poised to grow under new transferability rules
The transferability mechanism makes it easier for clean energy project developers and owners to sell IRA tax credits for cash.
By Brian Martucci • May 17, 2024 -
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Lego links employee compensation to decarbonization goals
Though the new performance metric is primarily linked to the company’s direct emissions, Lego said it aims to “expand” it over time to include scope 3 as well.
By Zoya Mirza • May 16, 2024 -
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BlackRock shareholders appoint Aramco CEO to board, despite pushback
A senior strategist for Sierra Club’s Fossil-Free Finance campaign said shareholders cast “concerning votes” on climate-related issues and “appear timid” to engage with BlackRock.
By Lamar Johnson • May 16, 2024 -
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Q&ARegulations could improve ESG in fashion, but Worldly exec says it’s not enough
James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.
By Laurel Deppen • May 16, 2024 -
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Congressional Democrats urge SEC to finalize ‘critical’ ESG greenwashing rule
The lawmakers said the rule will address misleading information about sustainable funds “and other exaggerated or unfounded ESG-related claims amongst funds and investment advisers.”
By Lamar Johnson • May 15, 2024 -
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Meta to bring 210 MW of solar energy to Indiana
The tech company’s agreement with Solarpack will help deliver renewable energy to support Meta’s operations in the state and build on its decarbonization goals.
By Zoya Mirza • May 15, 2024 -
Alex Wong via Getty Images
Biden hikes tariffs on China-made EVs, batteries, semiconductors
The tariffs align with U.S. efforts to get ahead of China in clean energy and advanced technology manufacturing, while also increasing supply chain control.
By Kate Magill • May 15, 2024 -
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Global banks have spent $6.9 trillion on fossil fuels since 2016: report
U.S. banks accounted for 30% of the $705 billion private global banks spent on fossil fuel financing in 2023, per the Banking on Climate Chaos report.
By Lamar Johnson • May 14, 2024 -
Permission granted by Aspiration
Aspiration spins off consumer financial brand into new sustainability-focused company
The standalone company, helmed by Tim Newell, will continue to operate under the Aspiration brand name and focus on offering climate-friendly products.
By Rajashree Chakravarty • May 14, 2024 -
Dan Kitwood via Getty Images
Standard Chartered pledges to reduce methane emissions generated by oil and gas clients
The goal aligns with the British bank’s goal to decrease its financed carbon emissions and accelerate its pathway to net-zero status by 2050.
By Zoya Mirza • May 13, 2024 -
Oli Scarff via Getty Images
Barclays pressed on climate commitments and Gaza at annual meeting
The bank was asked to pull back financing for its North American fracking operations during the meeting as it faced protests over its alleged ties to the war in the Middle East outside the venue.
By Zoya Mirza • May 10, 2024 -
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Sustainable investing positioned for ‘secular growth,’ despite ESG pushback: Morgan Stanley
Green and sustainable bond issuance reached $281 billion in Q1, up 36% from $207 billion in the previous quarter, according to Moody’s Investors Service.
By Suman Bhattacharyya • May 10, 2024 -
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Climate risks ‘highly uncertain and challenging to measure,’ banks tell Fed
In the climate scenario exercise, the nation’s six biggest banks found data gaps in real estate exposure, insurance, debtors’ transition risk management and infrastructure, the Fed said.
By Caitlin Mullen • May 10, 2024 -
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Oklahoma judge hits pause on state’s anti-ESG law
A district court judge issued a temporary injunction Tuesday, blocking enforcement of a state law which boycotted firms over their alleged stance on fossil fuels.
By Zoya Mirza • May 9, 2024 -
Spencer Platt via Getty Images
Snickers owner Mars commits $47M to slash dairy emissions
The confectionery giant is testing seaweed feed supplements and plans to open three net-zero farms as it looks to halve its carbon footprint by 2030.
By Sarah Zimmerman • May 9, 2024 -
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High interest rates hit renewable energy harder than natural gas: Wood Mackenzie
A 2 percentage point increase in interest rates pushes up the levelized cost of electricity for renewables by as much as 20%, according to an analysis by the energy research firm.
By Emma Penrod • May 9, 2024 -
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OpinionThere are 3 fundamental problems with scope 2 emissions accounting. Here’s how to fix them.
Society cannot afford actions and expenditures to support claims of progress while not accomplishing real-world emission reductions.
By Neil Fisher, Roger Ballentine and Armond Cohen • May 8, 2024 -
Courtesy of BMW Group AG
BMW’s future EVs will support bidirectional charging
The automaker’s next generation of vehicles will be able to store energy to send back to the grid.
By Eric Walz • May 8, 2024
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