Sustainability: Page 36
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Conflicting views on SEC’s authority set the tone for climate disclosure rule vote
The newly-passed regulation faces criticism from supporters and detractors for not going far enough and going too far, respectively.
By Zoya Mirza , Lamar Johnson • March 7, 2024 -
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SEC approves final climate disclosure rule, starts compliance countdown
The rule passed by a 3-2 vote Wednesday morning, absent requirements for scope 3 reporting and slimmer scope 1 and scope 2 requirements.
By Lamar Johnson • March 6, 2024 -
Explore the Trendline➔
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TrendlineTop 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 -
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SEC drops scope 3 from final climate rule, takes phased approach to scope 1 and 2 reporting
The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.
By Lamar Johnson • Updated March 6, 2024 -
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A primer on the SEC’s climate disclosure rule ahead of its vote
A look at the rule the agency proposed in 2022, what’s expected to change and what will be finalized at Wednesday’s vote.
By Lamar Johnson • March 5, 2024 -
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Starbucks loses ground on emissions reduction, sets new 2030 sustainability goals
The coffee chain aims to slash its climate, water, and waste footprints by 50% by 2030, compared to a 2019 baseline.
By Zoya Mirza • March 4, 2024 -
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Mounting ESG scrutiny could affect revenues, reputation: BlackRock
Increasing domestic and international ESG regulations could increase compliance costs and uncertainty, the firm said in its annual SEC filing.
By Lamar Johnson • March 4, 2024 -
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Sustainable Apparel Coalition rebrands as Cascale
The move follows the December exit of CEO Amina Razvi and the organization’s step back from the Higg Materials Sustainability Index.
By Lara Ewen • March 4, 2024 -
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Slowing wind installations threaten emissions progress under the IRA: report
More action on transmission may be needed for the Inflation Reduction Act to reach its full potential on climate, but the success of solar and batteries in particular could also hold policy lessons, an Energy Innovation report said.
By Emma Penrod • March 1, 2024 -
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New York sues JBS over ‘misleading’ climate claims
The state's attorney general is accusing the world's largest meatpacker of exploiting consumers by falsely advertising its products as sustainable.
By Sarah Zimmerman • Feb. 29, 2024 -
Courtesy of Mercedes-Benz AG
Mercedes-Benz delays EV goal amid slowing demand
Low-cost EV sales are growing faster than more expensive luxury models, a company executive said.
By Michael Brady • Feb. 28, 2024 -
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Nokia commits to net-zero emissions by 2040, accelerating timeline by a decade
The telecom company also said it will fast-track its existing target of slashing scope 1, 2 and 3 emissions by half by 2030, compared to a 2019 baseline.
By Zoya Mirza • Feb. 27, 2024 -
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ExxonMobil forges ahead with lawsuit against ESG investors
“The true goal of Exxon's legal attack is preventing shareholders from voting on its greenhouse gas emissions,” said Follow This founder Mark van Baal.
By Lamar Johnson • Feb. 27, 2024 -
Permission granted by Schneider Electric
Schneider Electric expects to slash scope 2 emissions with tax credit deal
Schneider says the tax credit transfer agreement with Engie, which leverages Inflation Reduction Act provisions, will accelerate scope 3 emissions reductions for its clients.
By Nish Amarnath • Feb. 26, 2024 -
Jeenah Moon via Getty Images
Microsoft closes on 6-year carbon removal deal with Catona Climate
The tech giant will purchase carbon removal credits generated through an agroforestry project based in Kenya, working toward its 2030 goal to become carbon negative.
By Zoya Mirza • Feb. 23, 2024 -
Kaarin Vembar/ESG Dive
Walmart hits supplier emissions goal 6 years early
The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.
By Ben Unglesbee • Feb. 23, 2024 -
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Solar, battery storage will be 81% of new electricity generation capacity this year: EIA
Solar will increase by a record 36.4 GW if additions proceed as scheduled this year, the U.S. Energy Information Administration said.
By Diana DiGangi • Feb. 22, 2024 -
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OpinionA roadmap for corporate ESG reporting: eBay Chief Sustainability Officer
The e-commerce platform’s chief sustainability officer, Renee Morin, explains how company executives can navigate the changing landscape of sustainability and governance.
By Renee Morin • Feb. 22, 2024 -
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Chicago sues oil, gas companies to make them pay for ‘climate deception’
The nation's third-largest city joins dozens of other municipalities and states that have filed similar lawsuits.
By Ysabelle Kempe • Feb. 22, 2024 -
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Verizon allocates $1B green bond proceeds to renewable energy projects
The telecommunications provider’s investment builds on its goal to achieve net-zero emissions across its operations by 2035.
By Zoya Mirza • Feb. 21, 2024 -
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Deep DiveBiodiversity emerges as an ESG priority in packaging, but measurement could be a challenge
As international standards evolve, fiber-based packaging companies are in the spotlight. Smurfit Kappa, WestRock, the Sustainable Forestry Initiative and Canopy Planet weigh in on what the increased focus means for the industry.
By April Reese • Feb. 21, 2024 -
Lamar Johnson/ESG Dive
Push for climate policy and adaptation lead concerns at GreenBiz24
More than 2,500 sustainability professionals flocked to Phoenix for the GreenBiz24 conference to hear the industry’s latest insights.
By Lamar Johnson • Feb. 21, 2024 -
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New York pension fund to divest $26.8M from 8 oil companies, including ExxonMobil
The state pension fund has also set a new goal to commit $40 billion to sustainable investments and climate solutions by 2035.
By Zoya Mirza • Feb. 20, 2024 -
Retrieved from House of Representatives.
State officials blame federal regulation for higher energy prices: ‘Customers are getting hurt.’
Proposed federal limits on fossil fuel power plants will further raise costs and weaken reliability, three state energy officials told a U.S. House subcommittee last week.
By Robert Walton • Feb. 20, 2024 -
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Exclusive: Carbon management platform Gravity Climate joins ESG Data Convergence Initiative
“The world of private equity has a massive opportunity to influence so many different companies that don't necessarily receive direct pressure,” Gravity Climate’s CEO told ESG Dive.
By Lamar Johnson • Feb. 20, 2024 -
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Sponsored by EnergyCAPUsing data to secure funding and prove ROI of sustainability projects
Learn more about how the University of Texas Medical Branch in Galveston used a data-driven approach to optimize its energy usage and advance its sustainability initiatives.
Feb. 20, 2024
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