Sustainability: Page 37
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Companies struggle with decarbonization due to internal governance, data issues
Most organizations are committed to decarbonization, but a siloed approach, bureaucracy and data challenges stand in the way of success, an Engie Impact report says.
By Suman Bhattacharyya • Feb. 16, 2024 -
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Lululemon accused of greenwashing in anti-competition complaint
Advocacy organization Stand.earth is asking the Competition Bureau Canada to investigate the athletic wear company’s conduct over environmental claims.
By Laurel Deppen • Feb. 16, 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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JPMorgan, State Street exit Climate Action 100+ coalition
BlackRock also revised its membership after the coalition announced its “phase 2” requirements that signatories enhance their corporate disclosure and implement climate transition plans.
By Zoya Mirza • Feb. 15, 2024 -
Lamar Johnson/ESG Dive
GreenBiz24: US companies seek to understand EU CRSD impact
While the process may be complex, it is important for companies to recognize they “are not starting from scratch,” Nado Saab, Mondelēz International’s director of ESG reporting told attendees.
By Lamar Johnson • Feb. 15, 2024 -
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US clean energy sector is breaking records but presidential election, other challenges loom: WRI
“Policymakers, regulators, developers and manufacturers must double down on their efforts to address key challenges,” said the World Resources Institute in a report.
By Diana DiGangi • Feb. 15, 2024 -
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International Finance Corporation unveils AI-powered tool for ESG analysis
MALENA can analyze unstructured text from annual reports, sustainability reports, news and impact assessments, according to the IFC.
By Zoya Mirza • Feb. 14, 2024 -
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GM hires former Tesla exec to lead EV battery strategy
Kurt Kelty was heavily involved in creating Tesla’s first Gigafactory and has been working on lithium-ion batteries since he worked at Panasonic in 1993.
By Michael Brady • Feb. 14, 2024 -
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Diamondback inks $26B deal to buy rival Endeavor Energy, creates Permian oil behemoth
The new consolidated company will be worth more than $50 billion and able to pump 816,000 barrels of oil and gas per day.
By Zoya Mirza • Feb. 13, 2024 -
Lamar Johnson/ESG Dive
Sustainability experts called to ‘LEAD’ a push for climate policy at GreenBiz24
Bill Weihl, former head of sustainability at Google and Facebook, said industry professionals need to urge their companies to advocate for additional green policies.
By Lamar Johnson • Feb. 13, 2024 -
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HSBC partners with Google, works toward $1B climate tech investments goal
Under the new deal, companies part of the GCR-sustainability program will be able to explore venture debt financing options offered by HSBC’s specialist climate tech finance team.
By Zoya Mirza • Feb. 12, 2024 -
Super Bowl venue touts 100% renewable energy
This NFL first comes via the Las Vegas Raiders’ partnerships with NV Energy and NZero at Allegiant Stadium, which cover all its events — even Taylor Swift concerts.
By Joe Burns • Feb. 12, 2024 -
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Barclays ceases direct funding of new fossil fuel projects
The London-based bank will also require all its portfolio energy companies to report their scoped emissions reductions targets and any expansion plans by Jan. 1, 2025.
By Lamar Johnson • Feb. 12, 2024 -
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Democrats join push to stop climate funding from going to farm biogas projects
The growing movement to capture methane from livestock waste only further encourages mass-scale industrial agriculture, a group of lawmakers said in a letter to the USDA.
By Sarah Zimmerman • Feb. 9, 2024 -
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Cost cutbacks to go hand-in-hand with emissions reduction strategy: USPS
The postal service said it plans to slash scope 1 and 2 emissions by 40% and scope 3 emissions by 20% by 2030, compared to a 2021 baseline.
By Zoya Mirza • Feb. 9, 2024 -
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Shell rebrands climate tech company Studio X as Onward, eyes net-zero economy
The updated energy venture falls in line with the oil major’s goal to become a net-zero emissions energy business by 2050.
By Zoya Mirza • Feb. 8, 2024 -
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EU passes domestic clean energy act, trailing US supply chain and climate bills
The European Commission agreed to the Net-Zero Industry Act to increase domestic manufacturing, following similar domestic production acts passed by the U.S.
By Lamar Johnson • Feb. 8, 2024 -
Courtesy of Ford Motor Co.
Ford created a secret team to build an affordable EV
The automaker plans to launch multiple EVs based on the platform as part of its revamped electrification strategy, CEO Jim Farley said.
By Eric Walz , Michael Brady • Feb. 8, 2024 -
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Neighborhood-scale building decarbonization: 2 approaches
Relying on the replacement of one appliance at a time isn’t enough to meet federal and state climate goals, said the Building Decarbonization Coalition’s executive director.
By Ysabelle Kempe • Feb. 7, 2024 -
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Recurrent Energy raises $160M, secures Microsoft as client for solar project
The tech giant will be the sole purchaser of all the energy and renewable energy credits produced by the Louisiana-based Bayou Galion Solar project.
By Zoya Mirza • Feb. 7, 2024 -
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Green investor Brookfield scores $10B for latest energy transition fund
The fund will invest in the expansion of clean energy, the development of sustainable solutions and the decarbonization strategy of companies from high-emitting sectors.
By Zoya Mirza • Feb. 6, 2024 -
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US sustainable funds saw net outflows in 2023: Morningstar
However, the amount of total assets in U.S. sustainable funds increased last year, and Bloomberg reported the global ESG bond market opened 2024 with a record January.
By Lamar Johnson • Feb. 6, 2024 -
Clean energy groups back Duke Energy multi-value local transmission planning proposal
If approved, Duke could have the only local planning process that uses proactive, multi-value scenario planning, according to North Carolina clean energy groups.
By Ethan Howland • Feb. 6, 2024 -
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Democrats urge Congress to block anti-ESG investing riders in appropriations bills
The letter, signed by 65 democratic lawmakers, said the riders are “contrary to what the American public wants” and interfere with investment decisions.
By Zoya Mirza • Feb. 5, 2024 -
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Arjuna Capital, Follow This pull Exxon climate proposal after lawsuit
Natasha Lamb, Arjuna Capital’s chief investment officer, warned the lawsuit will silence investors concerned about climate risks.
By Lamar Johnson • Feb. 5, 2024 -
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ASHRAE, ICC unveil draft standard for GHG emission assessment in buildings
The proposed Standard 240P intends to provide a common platform to measure and report greenhouse gas emissions of buildings, the organizations say.
By Nish Amarnath • Feb. 5, 2024
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