The Latest
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CalSTRS reports issues in calculating emissions of $336B portfolio
The California pension fund said it would delay disclosing its 2023 carbon footprint until 2025, citing significant data and calculation issues.
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Citi achieves $441B of its $1 trillion sustainable finance 2030 goal: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
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Deep Dive
Is plant-based meat more sustainable? Experts question the data
Researchers have struggled to replicate life-cycle assessments commissioned from companies like Beyond Meat and Impossible Foods, and are calling for more transparency.
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UN’s Net-Zero Insurance Alliance disbands and rebrands
Following the departure of several high-profile members in 2023, NZIA is no more. Its work will be continued by a new Forum for Insurance Transition to Net Zero.
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UN-led panel to tackle ESG issues with new guidelines for ‘critical minerals’ mining
The panel’s goals align with the Paris Agreement and the United Nations’ 2030 agenda for sustainable development, one of its co-chairs said.
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IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism
“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said Ray Long, CEO and president of the American Council on Renewable Energy.
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BlackRock, Temasek decarbonization venture raises $1.4B
Decarbonization Partners surpassed its initial goal of $1 billion for its first late-stage venture capital fund.
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Citizens Bank funds green jobs program for New York’s offshore wind sector
The bank’s philanthropic arm will commit $600,000 over two years to financially support Brooklyn-based youth in pursuing careers in the renewable energy sector.
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EPA finalizes fossil-fueled power plant emission rules
Electric utilities called the power plant rules “disappointing” and “unlawful” and say the rules will create reliability and affordability challenges.
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Human rights and environmental legislation approved by European Parliament
The Corporate Sustainability Due Diligence Directive holds companies and supply chain partners accountable for ESG compliance.
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BofA, Goldman clean energy ratio proposals fail, despite some shareholder support
The resolutions failed to pass despite over a quarter of voters supporting them before each of the banks' boards.
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Reformation reports spike in direct emissions, misses 2023 carbon intensity target
The apparel company known for pioneering sustainable practices said it aims to slash its scope 1 and 2 emissions by 42% by 2030, compared to a 2021 baseline.
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The data on climate change’s link to employee deaths, injuries
Exposure to extreme heat, ultraviolet radiation and air pollution poses a serious threat to workers globally, the International Labour Organization said.
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JPMorgan warns clean energy transition could take ‘decades or generations’
New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.
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Oklahoma group raises red flag on anti-ESG law as Republicans weigh rollback
The Oklahoma Rural Association said municipalities are facing increased borrowing costs, as state representatives look to exempt subdivisions from the law.
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GM Energy rolls out its first vehicle-to-home EV charging products
The bidirectional charging technology allows an electric vehicle’s battery to provide backup power to homes.
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Shell investor to back climate resolution at oil giant’s annual meeting
The news comes shortly after Shell asked investors to reject the sustainability demands put forward by activist investor Follow This.
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General Mills plans to cut dairy emissions 40% by end of decade
The cereal giant is more than halfway to its goal of enrolling 1 million acres in its regenerative agriculture plan, according to the latest corporate sustainability report.
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New York nixes 3 offshore wind projects
The canceled projects represented 4 GW of provisionally awarded capacity, setting the state back in its goal to deploy 9 GW of offshore wind by 2035.
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Apple reports it’s halved emissions since 2015 for goal of carbon neutrality by 2030
The Cupertino, California-based tech giant also set new 2030 goals for clean energy and clean water last week.
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Unilever to scale back ESG pledges focused on plastic usage and diversity
The company’s decision to dial down its sustainability strategy comes shortly after it unveiled ambitious plans to curb its carbon footprint last month.
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Ford, GM, Honda collaborate on standardized scope 3 emissions reporting
A new supplier questionnaire can streamline how suppliers report on climate goals and consumption.
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Net-Zero Asset Owner Alliance’s updated target-setting to cover all private assets
The fourth edition of the protocols will also include guidance for members to set 2030 goals aligned with the Paris Agreement.
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Nestlé rejects proposal to cut reliance on unhealthy products
The Swiss multinational said ShareAction was “targeting the wrong company” with its proposal as it was already making headwinds with its health and nutrition-related goals.