Sustainability: Page 28


  • Smoke from Canadian wildfires creates hazy conditions over NYC
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    David Dee Delgado via Getty Images
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    Extreme weather and climate regulations are 2024’s top supply chain risks: Everstream

    Wildfires, rains and droughts could cause shipping delays, while agricultural commodities might face shortages from weather and other factors, the analytics firm said.

    By Ben Unglesbee • Jan. 31, 2024
  • Farm workers are seen in an aerial shot harvesting zucchini
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    Joe Raedle via Getty Images
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    A dozen state GOP agriculture heads probe Net Zero Banking Alliance members’ climate targets

    None of the six banks — which include JPMorgan, Goldman Sachs and Citi — have published climate targets for the sector, according to their websites.

    By Jan. 30, 2024
  • Power lines and wind turbines are seen at dawn. Explore the Trendline
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    Alexander Koerner via Getty Images
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    Trendline

    The 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
  • Animated visualization of components of ESG.
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    useng via Getty Images
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    The ESG industry outlook on 2024: Climate disclosure rules, proxy voting and more

    The upcoming year will determine how national and international regulation, shareholder rights and proposal approvals, and scope 3 reporting influence the ESG landscape.

    By , Jan. 30, 2024
  • The sun sets behind the wind turbines of Burbo Bank Offshore Wind Farm in the Irish Sea on May 23, 2018 in Wallasey, England.
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    Christopher Furlong via Getty Images
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    Developers rebid offshore wind contracts in New York’s fourth solicitation as Equinor and BP split

    Sunrise Wind developer Ørsted also plans to split from project partner Eversource and acquire its 50% stake in the project, if the state approves its proposal.

    By Diana DiGangi • Jan. 30, 2024
  • The Walgreens logo is displayed outside a store.
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    Scott Olson via Getty Images
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    Walgreens reports spike in scope 3, points to business travel and downstream transportation

    The retail pharmacy chain said it had reduced its overall carbon footprint by almost 25% compared to a 2019 baseline, despite a surge in scope 3 emissions.

    By Jan. 29, 2024
  • The HSBC logo is seen outside a bank branch.
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    Matt Cardy via Getty Images
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    HSBC launches first net-zero transition plan in a move to slash emissions

    The bank’s plan to meet climate objectives comes against a backdrop of financial institutions facing pressure to address climate risk and sever ties with the fossil fuel industry.

    By Jan. 26, 2024
  • People walk past illuminated effigies of animals
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    Andreas Rentz via Getty Images
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    Global Reporting Initiative updates biodiversity reporting standards

    The standard for the first time includes increased transparency on impacts through the supply chain, as biodiversity loss is affecting every region of the world.

    By Jan. 26, 2024
  • A Chinese worker from Wuhan Guangsheng Photovoltaic Company works on a solar panel project on the roof of a 47 story building in a new development on May 15, 2017 in Wuhan, China.
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    Kevin Frayer via Getty Images
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    US solar industry awaits federal moves on interest rates, tax credits as global M&A activity drops 15%

    Global corporate solar funding rose to $34.3 billion last year with help from IRA incentives, while high interest rates slowed acquisition activity, said Mercom Capital Group CEO Raj Prabhu.

    By Diana DiGangi • Jan. 26, 2024
  • Business people having meeting in conference room, sitting with laptops and discussing
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    Caiaimage/Paul Bradbury via Getty Images
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    Deep Dive

    2024 proxy outlook: What’s driving the ESG proposal approval dip?

    Major asset managers and a spate of anti-ESG proposals helped push approval rates down, yet even more ESG proposals are expected after a record 2023.

    By Jan. 25, 2024
  • Flags fly above the entrance of the BlackRock offices.
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    Andrew Burton via Getty Images
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    BlackRock commits $500M to Recurrent Energy, expands renewable power portfolio

    The investment allows the asset manager to have a 20% stake in the company, and marks the inaugural transaction by its fourth climate infrastructure fund.

    By Jan. 24, 2024
  • Bands of oil drift with ocean currents
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    John Moore via Getty Images
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    Ocean carbon capture startup Captura raises $21M

    The company plans to begin operating its technology at a commercial scale following a fall pilot plant deployment, currently in development with energy company Equinor.

    By Jan. 24, 2024
  • A view of the front of John Weld Peck Federal Building in downtown Cincinnati, where the U.S. Internal Revenue Service is the main tenant.
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    jetcityimage via Getty Images
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    $104M for clean energy projects in 31 federal buildings announced by DOE

    The selected projects are expected to save over $29 million in energy and water costs, generating an additional 27 megawatts of clean energy capacity, the U.S. Department of Energy says.

    By Nish Amarnath • Jan. 24, 2024
  • A boat is seen in drought-stricken area in Nevada.
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    Ethan Miller via Getty Images
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    Public pensions in liberal-leaning states falling short on addressing climate risk: report

    Most public pension funds had inadequate proxy guidelines and proxy voting records to mitigate climate-related financial risks, Sierra Club found.

    By Jan. 23, 2024
  • View of trees.
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    Moeru Matsunoo via Getty Images
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    Crown, IP, Smurfit Kappa among ‘early adopters’ for nature-related financial disclosures

    As biodiversity loss becomes more of a concern in sustainability reporting, multiple packaging companies have agreed to align reporting with recommendations from the Taskforce on Nature-related Financial Disclosures.

    By Maria Rachal • Jan. 23, 2024
  • Prices are displayed at an ExxonMobil gas station
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    Brandon Bell via Getty Images
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    ExxonMobil sues ESG investors to block climate proposals

    The natural gas giant alleges shareholder proposals from Arjuna Capital and Follow This are a violation of federal securities laws and “driven by an extreme agenda.”

    By Jan. 22, 2024
  • Larry Fink, CEO of BlackRock, speaks at a roundtable discussion.
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    Sean Gallup via Getty Images
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    BlackRock eases on ESG messaging amid increased scrutiny

    The asset manager’s investment stewardship and Q4 earnings report signal a pivot on BlackRock’s language on climate change and corporate sustainability initiatives.

    By Jan. 22, 2024
  • Scientists stand beside a new carbon capture test unit.
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    Jeff J Mitchell via Getty Images
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    BCG, 1PointFive ink carbon capture removal credits deal

    BCG will also collaborate with 1PointFive through consulting services, which include developing business processes that back direct air capture carbon removal credits.

    By Jan. 19, 2024
  • SEC Chairman Gary Gensler takes part in a meeting.
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    Kevin Dietsch via Getty Images
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    Deep Dive

    To keep or not to keep: The fate of scope 3 emissions in SEC’s climate disclosure rule

    Given all of the pushback the agency has received over its proposed rule, particularly scope 3 reporting requirements, experts are uncertain if scope 3 will make the final cut.

    By Jan. 18, 2024
  • An aerial image of two wind turbines in rural farmland at sunset in Southwestern Ontario, Canada
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    Getty Images via Getty Images
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    Circularity could reduce dependence on China for rare earths: study

    Reuse and recycling could help the U.S. meet up to 40% of its demand for materials critical to the energy transition, according to a new scientific paper.

    By Ben Unglesbee • Jan. 18, 2024
  • Vivek Ramaswamy speaks at a conference.
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    Drew Angerer via Getty Images
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    Anti-ESG crusader Vivek Ramaswamy drops out of 2024 presidential race

    The political newcomer ended his GOP White House bid after finishing fourth place in the Iowa caucuses and endorsed former President Donald Trump shortly after.

    By Jan. 17, 2024
  • John Kerry stands with his hand below his heart
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    Fadel Dawod via Getty Images
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    John Kerry leaving White House climate post, per multiple reports

    The United States special presidential envoy for climate will leave his current post in the coming months to focus on Joe Biden’s presidential reelection campaign, per reports.

    By Jan. 17, 2024
  • Recycled materials are offloaded from a truck.
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    Justin Sullivan via Getty Images
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    Recycling tech company Resynergi secures $6.4M to accelerate plastic circularity

    The funding will help scale the company’s Continuous Microwave Assisted Pyrolysis reactor, which generates clean products with a 68% reduction in carbon dioxide equivalent.

    By Jan. 16, 2024
  • A gray four-door crossover vehicle with a woman seated with her hand on the steering wheel is parked in front of a Hertz building.
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    Courtesy of Hertz/GM
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    Hertz reverses course on electric vehicles

    The company, which once said EVs would account for a quarter of its rental fleet by 2025, is selling some 20,000 electric vehicles and replacing them with gas-powered cars.

    By Dan Zukowski • Jan. 16, 2024
  • Shot of BlackRock building from below with company logo centered and U.S. flag visible to the right of company name.
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    Spencer Platt via Getty Images
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    BlackRock buys Global Infrastructure Partners, makes $12.5B bet on infrastructure market

    The asset manager cited “a movement toward decarbonization and energy security in many parts of the world” as a reason for the deal.

    By Jan. 16, 2024
  • Trucks on a rain-covered highway.
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    Scott Olson via Getty Images
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    Sphera acquires SupplyShift to improve scope 3 tracking capabilities

    The deal comes as companies across the globe are facing increased regulatory pressure to report on their scope 3 emissions and carbon footprint.

    By Jan. 12, 2024