Sustainability: Page 30

  • Exxon
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    Brandon Bell via Getty Images
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    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 • May 24, 2024
  • Photo looking up at high rises and Wall Street sign.
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    franckreporter via Getty Images
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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 • May 24, 2024
  • Visual displaying components of ESG. Explore the Trendline➔
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    TarikVision via Getty Images
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    Trendline

    Top 5 stories from ESG Dive

    This year has shaped up to be a formative one for ESG, from the U.S. pulling out of major climate agreements to federal agencies recalibrating their approach to sustainability under the new administration.

    By ESG Dive staff
  • Birds eye view of hydrogen tanks surrounded by a wire fence and cars.
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    Courtesy of Toyota
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    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
  • A close up of Shell's logo.
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    Scott Barbour via Getty Images
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    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 • May 23, 2024
  • View of a gas price board
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    Win McNamee via Getty Images
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    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 • May 23, 2024
  • Solar panels and wind turbines in a field
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    imacoconut via Getty Images
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    Opinion

    Investing 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
  • Governor of Texas holds a meeting with the governor of Floroida.
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    (2021). [Photograph]. Retrieved from Office of the Texas Governor.
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    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 • May 22, 2024
  • Delta Air Lines passenger jet in mid flight.
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    Permission granted by Kyndryl
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    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 • May 22, 2024
  • The Honda 0 Series Saloon electric vehicle concept on stage at a media event at the Consumer Electronic Shows in Las Vegans in January.
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    Eric Walz/ESG Dive
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    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
  • An aerial view of a Texas Oil Refinery
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    Brandon Bell via Getty Images
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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 • May 21, 2024
  • CalPERS logo outside its building in Sacramento.
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    Max Whittaker via Getty Images
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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 • May 21, 2024
  • Oklahoma City, Oklahoma, downtown skyline on the Oklahoma River at dawn.
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    Sean Pavone via Getty Images
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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 • May 20, 2024
  • A picture of the ceiling at Boston Consulting Group's office, displaying its logo.
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    Courtesy of BCG
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    Q&A

    How 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
  • A worker in a high-vis vest and hard hat walks between solar panels that cover the roof of a Sam's Club store in California.
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    David McNew via Getty Images
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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
  • An engineer walks by solar panels with wind turbines in the background.
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    image via Getty Images
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    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 • May 17, 2024
  • The California Public Employees' Retirement System building seen during daytime.
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    Max Whittaker via Getty Images
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    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 • May 17, 2024
  • Aerial view of blue photovoltaic solar panels mounted on industrial building roof for producing clean ecological electricity.
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    Bilanol via Getty Images
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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
  • The Lego Brand logo is seen at the store.
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    Leon Neal via Getty Images
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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 • May 16, 2024
  • A man walks into a BlackRock office building.
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    Andrew Burton via Getty Images
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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 • May 16, 2024
  • Bales of clothing and textiles are pictured in a store house.
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    Stock via Getty Images
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    Q&A

    Regulations 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
  • Rep. Sean Casten (D-IL) speaks during a news conference
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    Drew Angerer via Getty Images
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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 • May 15, 2024
  • Meta's sign at 1 Hacker Way, California.
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    Kelly Sullivan via Getty Images
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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 • May 15, 2024
  • President Joe Biden
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    Alex Wong via Getty Images
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    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
  • A truck passes by the BP refinery
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    Scott Olson via Getty Images
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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 • May 14, 2024
  • Neobank Aspiration, fintech
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    Permission granted by Aspiration
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    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