Sustainability: Page 9
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Courtesy of Southwest Airlines
Southwest Airlines brings bamboo on board to reduce plastic in new cups
The airline recently stirred up change when it began stocking the bamboo-based cold beverage cups and wooden stir sticks, following a yearlong R&D process stemming from plastic reduction goals.
By Katie Pyzyk • Oct. 31, 2024 -
Matt Cardy via Getty Images
HSBC drops CSO from exec board, insists it’s not gearing up to split
The bank confirmed Tuesday that Chief Sustainability Officer Celine Herweijer will not be a part of its re-organized executive operating committee.
By Dan Ennis • Oct. 31, 2024 -
Explore the Trendline➔
Alexander Koerner via Getty Images
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 -
Michael Lawrence via Getty Images
Morgan Stanley adjusts climate targets with Paris Agreement goal slipping
The bank’s 2030 targets now include a net-zero scenario that would limit additional temperature rise to 1.7°C, as aspirations for limiting global warming to 1.5°C fade.
By Lamar Johnson • Oct. 30, 2024 -
Sean Gallup via Getty Images
Net-Zero Asset Owner Alliance members invested $175B in climate solutions in 2023: report
The UN-backed group said its 88 members have committed a total of $555 billion towards climate-focused investments from its inception through last year.
By Zoya Mirza • Oct. 30, 2024 -
Courtesy of Jason O'Rear
‘Carbon positive’ hotel opens in Denver
Populus says it is the first hotel in the U.S. to reduce more carbon than it creates.
By Noelle Mateer • Oct. 30, 2024 -
Michael M. Santiago via Getty Images
UN says current climate policies and pledges ‘nowhere near’ meeting 1.5°C goal
The United Nations said as it stands now, the 2015 Paris Agreement goal “will be dead within a few years.”
By Zoya Mirza • Oct. 29, 2024 -
Chip Somodevilla via Getty Images
SEC panel urged to back shareholder rights, proposal process
Shareholders’ rights advocates urged the agency's Investor Advisory Committee to defend the current proposal process as a “vital right of shareholders” against attempts to dilute them.
By Lamar Johnson • Oct. 29, 2024 -
Jeenah Moon via Getty Images
Microsoft clinches ocean-based carbon removal deal with Ebb Carbon
The tech giant will contract an initial 1,333 tons of carbon dioxide removal with options to purchase up to 350,000 tonnes of removal over 10 years.
By Lamar Johnson • Oct. 28, 2024 -
Lanier via Getty Images
ExxonMobil’s $816M verdict latest in series of rulings seeking environmental justice
No easing is in sight as companies face backlash for the impact their products have on the environment and public safety, a ruling shows.
By Jennifer Paley • Oct. 28, 2024 -
halbergman via Getty Images
California’s first carbon capture and storage facility gets local approval
The decision follows heated debate among community members about the project’s economic and health impacts.
By Ysabelle Kempe • Oct. 28, 2024 -
Courtesy of Climeworks — The Mammoth plant
Morgan Stanley inks carbon removal deal with Climeworks
The deal is the financial institution’s first foray into direct air capture credit purchasing and expands Climeworks’ U.S. footprint.
By Lamar Johnson • Oct. 25, 2024 -
Courtesy of Sabert Corp.
Q&A5 questions for Sabert’s new chief sustainability officer
Richa Desai discusses what it’s like to lead sustainability strategy at a private food packaging company in a changing landscape.
By Maria Rachal • Oct. 25, 2024 -
Sean Gallup via Getty Images
Denim meets decarbonization: Levi’s unveils first climate transition plan
The denim manufacturer has committed to achieving net-zero emissions by 2050 and reducing scope 3 emissions 42% by 2030.
By Zoya Mirza • Oct. 25, 2024 -
Chip Somodevilla via Getty Images
SEC slaps $4M fine on WisdomTree over greenwashing
The Securities and Exchange Commission is fining the New York-based asset manager for falsely advertising the investment strategy of three funds to have considered ESG factors.
By Zoya Mirza • Oct. 24, 2024 -
Spencer Platt via Getty Images
BlackRock targeted for greenwashing in ClientEarth complaint
The environmental nonprofit sent a complaint to French regulators alleging the firm is mislabeling funds as “sustainable,” despite holding $1 billion in fossil fuel investments.
By Lamar Johnson • Updated Oct. 25, 2024 -
Fahroni via Getty Images
Most finance leaders believe sustainability targets out of reach: EY
CFOs leading companies active in the U.S. and Europe face a “fluid picture” when attempting to meet regulations for sustainability reporting, EY said.
By Jim Tyson • Oct. 24, 2024 -
Brandon Bell via Getty Images
NYC comptroller proposes stopping pensions’ private market investments in fossil fuels
The funds would be the first U.S. public pension plans to have exclusions on investing in fossil fuel infrastructure like pipelines and liquefied natural gas terminals.
By Lamar Johnson • Oct. 23, 2024 -
Courtesy of Natilus
Aerospace company Natilus unveils low emissions commercial aircraft
The “Horizon” aircraft will be able to transport 200 passengers across two flight routes and is expected to hit the market in the early 2030s.
By Zoya Mirza • Oct. 23, 2024 -
adamkaz via Getty Images
Renewable PPA prices continue to rise — and may do so through 2030, say LevelTen, Ascend analysts
Project delays, tariffs and a new round of supply shortages pushed renewable energy prices higher in the third quarter of 2024.
By Emma Penrod • Oct. 23, 2024 -
Sean Gallup via Getty Images
COP29COP29 president reveals final text of nine climate-focused pledges, declarations
Azerbaijan’s Mukhtar Babayev said the documents serve as “vital tools to drive progress on climate action” and will complement the official negotiation process at the annual UN summit.
By Zoya Mirza • Oct. 22, 2024 -
Michael M. Santiago via Getty Images
JPMorgan hires NOAA climate scientist to lead climate advisory practice
Sarah Kapnick rejoins the bank after a stint as the National Oceanic and Atmospheric Administration’s presidentially-appointed top scientist.
By Lamar Johnson • Oct. 22, 2024 -
Max Kegfire via Getty Images
Many middle market firms in ESG ‘wait and see’ mode, RSM says
While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.
By Chris Gaetano • Oct. 22, 2024 -
The image by RM VM is licensed under CC BY-SA 4.0
Supreme Court rejects calls to put a hold on EPA power plant carbon rule
Utilities asking the court to stay the rule included American Electric Power, Duke Energy, MidAmerican Energy, PacifiCorp and Southern Co.
By Ethan Howland • Oct. 21, 2024 -
Courtesy of Climate Group
Climate Week NYC 2024: a retrospective on major announcements, deals
This year’s iteration of the event spanned across 600 events in the city, congregating business leaders, key decision makers and heads of government from all over the world.
By Zoya Mirza , Lamar Johnson • Oct. 21, 2024 -
master1305 via Getty Images
NFL stadiums face $11 billion climate risk price tag by 2050: report
The risk would extend past Sunday kickoffs, as stadium venues are local economic hubs and often receive taxpayer funding for development.
By Lamar Johnson • Oct. 18, 2024
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