Sustainability: Page 21
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Microsoft pens landmark carbon removal contract with Stockholm Exergi
The carbon removal deal — which both companies said is the “largest to date” — will allow the tech giant to permanently remove 3.3 million metric tons of carbon dioxide.
By Zoya Mirza • May 7, 2024 -
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Oklahoma adds Barclays to anti-ESG list
The British bank joins JPMorgan Chase, BlackRock, Bank of America, Wells Fargo and State Street and eight other financial institutions on the list.
By Rajashree Chakravarty • May 7, 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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81% of companies not covered by CSRD still plan to comply: Workiva
Workiva’s global vice president of ESG said the EU’s Corporate Sustainability Reporting Directive is becoming the “gold standard,” with or without the SEC’s climate rule.
By Lamar Johnson • May 7, 2024 -
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FTC greenlights $64.5B Exxon-Pioneer merger, bars former CEO from board seat
The Federal Trade Commission blocked the former CEO of Pioneer Natural Resources from joining the new company’s board of directors over concerns of colluding with OPEC.
By Zoya Mirza • May 6, 2024 -
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Climate change to continue to drive inflation, especially in Global South
‘Decisive mitigation’ could curb the inflationary impacts of climate change, though some effects are unavoidable, researchers say.
By Suman Bhattacharyya • May 6, 2024 -
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International, domestic energy policies should embrace gas as transition fuel: EFI report
Natural gas exports from the United States help to support energy security, equity and sustainability around the globe, said EFI Foundation CEO Ernest Moniz, who served as U.S. Secretary of Energy under President Obama.
By Robert Walton • May 6, 2024 -
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Frontier signs $58.3M deal with bio-waste carbon removal startup Vaulted Deep
The deal will allow Frontier, backed by Stripe, Alphabet, Meta and others, to remove 152,480 tons of carbon dioxide between 2024 to 2027.
By Zoya Mirza • May 3, 2024 -
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BlackRock shareholders urged to oppose Aramco CEO’s board re-appointment
The New York City Comptroller said Aramco and BlackRock’s prior business relationships compromise Amin Nasser’s ability to serve as an independent member of the board.
By Lamar Johnson • May 2, 2024 -
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EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply
Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.
By Zoya Mirza • May 2, 2024 -
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Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW
Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.
By Ethan Howland • May 2, 2024 -
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Indigenous rights, climate proposals receive votes at Citi, Wells Fargo meetings
A proposal for banks to examine their policies on mitigating risks to Indigenous Peoples rights received 26% support at Citi. Wells Fargo declined to share preliminary results.
By Lamar Johnson • May 1, 2024 -
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EY acquires Denkstatt to boost sustainability consulting services
The two consulting firms will collaborate to provide clients ESG-relevant services such as emissions reporting, circular economy strategies and sustainability assessments.
By Zoya Mirza • May 1, 2024 -
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Citi achieves $441B of its $1 trillion sustainable finance 2030 goal: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
By Lamar Johnson • April 30, 2024 -
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Deep DiveIs plant-based meat more sustainable? Experts question the data
Researchers have struggled to replicate life-cycle assessments commissioned from companies like Beyond Meat and Impossible Foods, and are calling for more transparency.
By Nithin Coca • April 30, 2024 -
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UN-led panel to tackle ESG issues with new guidelines for ‘critical minerals’ mining
The panel’s goals align with the Paris Agreement and the United Nations’ 2030 agenda for sustainable development, one of its co-chairs said.
By Zoya Mirza • April 29, 2024 -
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UN’s Net-Zero Insurance Alliance disbands and rebrands
Following the departure of several high-profile members in 2023, NZIA is no more. Its work will be continued by a new Forum for Insurance Transition to Net Zero.
By Lamar Johnson • April 29, 2024 -
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IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism
“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said Ray Long, CEO and president of the American Council on Renewable Energy.
By Diana DiGangi • April 29, 2024 -
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BlackRock, Temasek decarbonization venture raises $1.4B
Decarbonization Partners surpassed its initial goal of $1 billion for its first late-stage venture capital fund.
By Lamar Johnson • April 26, 2024 -
Kate Tornone/ESG Dive
Citizens Bank funds green jobs program for New York’s offshore wind sector
The bank’s philanthropic arm will commit $600,000 over two years to financially support Brooklyn-based youth in pursuing careers in the renewable energy sector.
By Zoya Mirza • April 26, 2024 -
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EPA finalizes fossil-fueled power plant emission rules
Electric utilities called the power plant rules “disappointing” and “unlawful” and say the rules will create reliability and affordability challenges.
By Robert Walton • April 26, 2024 -
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Human rights and environmental legislation approved by European Parliament
The Corporate Sustainability Due Diligence Directive holds companies and supply chain partners accountable for ESG compliance.
By Lauren Schenkman • April 26, 2024 -
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Reformation reports spike in direct emissions, misses 2023 carbon intensity target
The apparel company known for pioneering sustainable practices said it aims to slash its scope 1 and 2 emissions by 42% by 2030, compared to a 2021 baseline.
By Zoya Mirza • April 25, 2024 -
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BofA, Goldman clean energy ratio proposals fail, despite some shareholder support
The resolutions failed to pass despite over a quarter of voters supporting them before each of the banks' boards.
By Lamar Johnson • April 25, 2024 -
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The data on climate change’s link to employee deaths, injuries
Exposure to extreme heat, ultraviolet radiation and air pollution poses a serious threat to workers globally, the International Labour Organization said.
By Ryan Golden • April 25, 2024 -
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JPMorgan warns clean energy transition could take ‘decades or generations’
New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.
By Zoya Mirza • April 24, 2024
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