Volvo scales back its EV goals

In 2021, the automaker pledged to be fully electric by 2030. Now, the company is abandoning that goal, focusing instead on “electrified” models.

By Haley Cawthon • Sept. 9, 2024

Morgan Stanley drops plastic pollution financing goal

A spokesperson for the bank told ESG Dive it would no longer have the standalone goal due to data availability and quality challenges as required climate disclosures near.

By Lamar Johnson • Sept. 6, 2024

Explore the Trendline➔

Top 5 stories from ESG Dive

This year has shaped up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.

By ESG Dive staff

Where Climate Action 100+ stands after member exodus, GOP probes

The investor-led group has lost out on a few notable members this year amid heightened scrutiny surrounding ESG and climate initiatives.

By Zoya Mirza , Lamar Johnson • Sept. 6, 2024

Microsoft launches decarbonization team to slash supply chain emissions

The new three-member team will help Microsoft tackle scope 3 emissions generated by purchased goods and services and those produced by its cloud and artificial intelligence operations.

By Zoya Mirza • Sept. 5, 2024

Coca-Cola must face greenwashing lawsuit: D.C. Appeals Court

The appeals court reversed a prior dismissal, ruling environmental nonprofit Earth Island Institute made plausible allegations the beverage company overstates its environmental efforts.

By Lamar Johnson • Sept. 4, 2024

ESG controllers: The newest finance hires

Depending on the company’s structure, the specialized controllers often report to the corporate controller or the CFO, Deloitte’s Kristen Sullivan said. 

By Maura Webber Sadovi • Sept. 4, 2024

Vanguard supported zero E+S proposals in 2024: report

The lack of support for environmental and social proposals comes after the nation's second-largest asset manager supported just 2% in 2023.

By Lamar Johnson • Sept. 3, 2024

5 keys to strong organizational sustainability governance: MorganFranklin Consulting

Andrew Rizkallah, who leads the firm's ESG advisory services, explained how to beef up key reporting processes or start from scratch.

By Lamar Johnson • Aug. 30, 2024

Major oil and gas firms ramp up voluntary ESG reporting: EY

Regulatory and shareholder pressure is elevating sustainability reporting to a key priority on par with a firm’s financial and operational performance, an EY report suggests.

By Suman Bhattacharyya • Aug. 30, 2024

‘New dynamics at play’: Jack Daniel’s maker ends DEI initiatives

Brown-Forman Corp. cited a shifting legal and external landscape for its decision, as one prominent anti-DEI activist claimed credit for putting pressure on the company.

By Ryan Golden • Aug. 29, 2024

Deer Park water owner has microplastics greenwashing suit dismissed

Earlier this month, a federal judge ruled that the class-action complaint against BlueTriton was preempted by federal law, but the plaintiffs recently amended their complaint.

By Lamar Johnson • Aug. 27, 2024

Global packaging giant Amcor releases decarbonization road map

Redesigning packaging to weigh less, use fewer materials and incorporate lower-carbon materials is part of the company’s efforts to reach SBTi-validated 2033 emissions reduction targets.

By Maria Rachal • Aug. 27, 2024

ESG leadership increasingly leaning on in-house legal teams: report

As regulatory and litigation pressure weighs on companies, general counsels are taking a more active role in ESG strategies, per a recent survey conducted by Corporate Counsel and Morrison Foerster.

By Suman Bhattacharyya • Aug. 26, 2024

Uber taps former Tesla exec to oversee sustainability strategy, shift to EVs

Rebecca Tinucci, previously Tesla’s head of charging, will oversee the ride-share giant’s transition to becoming an emissions-free mobility platform by 2040.

By Zoya Mirza • Aug. 23, 2024

Coca-Cola ‘on track’ for packaging recyclability goal, ‘behind plan’ on recycled content target

In an environmental update, the beverage giant reported that progress on reusable packaging formats and recyclability was stagnant in 2023 while its rate of recycled PET use ticked up.

By Maria Rachal • Aug. 23, 2024

BlackRock’s support for E+S proposals whittles away in 2024 proxy season

The nation’s largest investment manager noted a rise in shareholder proposals focused on environmental and social matters and  anti-ESG filings.

By Lamar Johnson • Aug. 22, 2024

Ford scraps electric SUV plans, delays next-generation truck

The automaker is taking a $400 million hit as it shifts its electrification strategy yet again.

By Haley Cawthon • Aug. 22, 2024

How to build social activism into your governance structure

Companies don’t have to retreat from activism to avoid backlash if they align their values with their business in a way that makes sense, a law professor says.

By Robert Freedman • Aug. 21, 2024

Friend or foe: Unpacking what the amicus briefs say about the SEC’s climate rule

Amicus briefs in the Securities and Exchange Commission’s ongoing lawsuit concerning its climate disclosure rule find institutional investors and businesses largely on opposite sides.

By Lamar Johnson • Aug. 20, 2024

General Motors to lean on solar power for three assembly plants

The car manufacturer has signed a 15-year renewable power purchase agreement to support its operations at three assembly plants located in Michigan and Missouri.

By Zoya Mirza • Aug. 20, 2024

Meta to procure 374 MW of clean energy from RWE solar farms

The tech conglomerate has signed two power purchase agreements with the German energy company to build on its sustainability goals.

By Zoya Mirza • Aug. 16, 2024

United Airlines gets sustainable fuel greenwashing lawsuit tossed

A federal court dismissed a class-action suit brought against the airline that alleged it deceptively advertised its sustainable aviation fuel efforts.

By Lamar Johnson • Aug. 15, 2024

Anti-ESG proposals drove the increase in ESG proxy submissions: Morningstar

“For the first time, the growth in new resolutions was dominated by proposals from ‘anti-ESG’ filers,” per Morningstar Sustainalytics’ director of stewardship research and policy.

By Lamar Johnson • Aug. 13, 2024

Goldman Sachs latest to depart Climate Action 100+

The firm’s exit follows other high-profile financial institutions that quit CA100+ earlier this year, including JPMorgan Asset Management and State Street Global Advisors.

By Zoya Mirza • Aug. 12, 2024

SEC defends its authority for climate disclosure rule in court

The agency said its climate rule will help to better inform investors with “more detailed, consistent, and comparable information” in replying to legal challengers.

By Lamar Johnson • Aug. 8, 2024