Microsoft pens landmark carbon removal contract with Stockholm Exergi

The carbon removal deal — which both companies said is the “largest to date” — will allow the tech giant to permanently remove 3.3 million metric tons of carbon dioxide.

By Zoya Mirza • May 7, 2024

81% of companies not covered by CSRD still plan to comply: Workiva

Workiva’s global vice president of ESG said the EU’s Corporate Sustainability Reporting Directive is becoming the “gold standard,” with or without the SEC’s climate rule.

By Lamar Johnson • May 7, 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

BlackRock shareholders urged to oppose Aramco CEO’s board re-appointment

The New York City Comptroller said Aramco and BlackRock’s prior business relationships compromise Amin Nasser’s ability to serve as an independent member of the board.

By Lamar Johnson • May 2, 2024

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.

By Zoya Mirza • April 30, 2024

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.

By Lamar Johnson • April 30, 2024

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.

By Zoya Mirza • April 25, 2024

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.

By Lamar Johnson • April 25, 2024

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.

By Zoya Mirza • April 23, 2024

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.

By Chris Casey • April 23, 2024

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.

By Zoya Mirza • April 22, 2024

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.

By Zoya Mirza • April 19, 2024

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.

By Lamar Johnson • April 19, 2024

Formula 1 ‘on track’ to reach net-zero status by 2030 after emissions reduction: report

The international racing body said its carbon footprint decreased by 13% from 2018 to 2022.

By Zoya Mirza • April 18, 2024

House GOP spearheads legislation to strike down SEC climate disclosure rule

The Financial Services Committee advanced a Congressional Review Act challenge to the rule by a 28-22 vote split along party lines.

By Lamar Johnson • April 18, 2024

Del Monte Foods reports GHG emissions reduction, sets net-zero goal for 2050

The food producer and distributor said it aims to achieve its sustainability goals by making changes to its own operations instead of purchasing carbon credits.

By Zoya Mirza • April 16, 2024

Capital One shareholders urged to approve scope 3 target-setting proposal

The New York State Common Retirement Fund said the targets are necessary to fully assess the bank’s climate risk exposure and mitigation strategies.

By Lamar Johnson • April 15, 2024

Toyota clinches $150M for new climate-focused fund

The fund will build on the car manufacturer’s inaugural 2021 climate fund, which has backed climate tech startups and carbon capture and storage companies.

By Zoya Mirza • April 15, 2024

Insurers falling short on climate commitments: ShareAction

Most insurers surveyed had few or no restrictions on conventional oil and gas in both their underwriting and investment activities.

By Suman Bhattacharyya • April 12, 2024

House GOP begins congressional challenge to SEC climate disclosure rule

House Financial Services Committee Chair Patrick McHenry said the agency’s voluntary pause is “not enough.”

By Lamar Johnson • April 11, 2024

Majority of fashion brands won’t meet their emissions goals: report

About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.

By Lauren Schenkman • April 11, 2024

Dimon blasts regulation, proxy advisers in annual letter

The JPMorgan Chase CEO also gave prominent space to AI, touting its potential impact in software engineering, customer service and operations, “as well as in general employee productivity."

By Caitlin Mullen • April 9, 2024

80% of CO2 emissions following Paris Agreement linked to 57 companies: report

Most of the surveyed companies increased their fossil fuel production in the seven years following the climate accord, according to the Carbon Majors study.

By Zoya Mirza • April 8, 2024

RBC joins Citi, JPMorgan in disclosing green financing ratios

New York City Comptroller Brad Lander announced this week that the shareholder proposals put forward by the city’s retirement system have been pulled at all three banks.

By Lamar Johnson • April 5, 2024

SEC stays climate-risk disclosure rule as it works through legal challenges

The agency maintains that the regulation is within the agency’s authority and said it “will continue vigorously defending the Final Rules’ validity in court.”

By Lamar Johnson • April 4, 2024

Regulation compliance and curbing emissions were key themes at Responsible Business USA 2024

Panel discussions centered on decarbonizing supply chains, navigating a complex political climate, preparing emissions disclosures and more.

By Zoya Mirza • April 3, 2024