Oxylus Energy nabs $4.5M for clean fuel tech

The climate tech company said the funding will help develop and scale its carbon conversion project which produces green methanol — an alternative fuel that can help slash emissions.

By Zoya Mirza • 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

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

American Sustainable Business Council sues Texas over anti-ESG law

The organization alleged that the 2021 law violates its members rights to speech and free association, as well as due process, and are seeking an injunction.

By Lamar Johnson • Aug. 29, 2024

Meta inks geothermal deal for data centers

Meta’s deal with Sage Geosystems will provide up to 150 megawatts and be the first use of next-gen geothermal east of the Rocky Mountains.

By Lamar Johnson • Aug. 28, 2024

Low-carbon materials a ‘huge opportunity’ to green the transportation sector

The Department of Transportation is releasing $800 million to reimburse builders for using cleaner construction products, Federal Highway Administrator Shailen Bhatt said

By Julie Strupp • Aug. 28, 2024

Hawaii $4B fire settlement would prevent insurers’ clawback claims

A deal to resolve hundreds of lawsuits from the devastating 2023 Maui fires could collapse without a resolution on insurers’ recoupment rights against defendants.

By Justin Bachman • Aug. 28, 2024

DOE doles out another $50M to support EV manufacturing

The Biden-Harris administration said the funding will go to six states with “significant automotive workforces” to help suppliers adapt their facilities.

By Haley Cawthon • Aug. 27, 2024

BlackRock hit with cease-and-desist by Indiana secretary of state

The Hoosier State alleged 54 counts of securities violations in what BlackRock called “a politically motivated attack.”

By Lamar Johnson • Aug. 26, 2024

First national U.S. green bank launches with IRA funding

The Coalition for Green Capital said it’s open for business and seeking to build a U.S. network of green banks that will mobilize capital for clean energy.

By Lamar Johnson • 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

World Bank raises $6.5B for pair of sustainable development bonds

The two transactions pulled in over 300 orders and attracted capital from a diverse investor group, including bank treasuries, central banks and asset managers.

By Zoya Mirza • Aug. 22, 2024

​​Franklin Templeton, Sun Life subsidiaries join Climate Action 100+ exodus

The financial institutions’ withdrawals came after Goldman Sachs’ asset management arm announced it was leaving the climate action investor group.

By Zoya Mirza • Aug. 19, 2024

Greystar expands into infrastructure development

The nation’s largest multifamily housing owner is extending its reach into new sectors including clean power, transition fuels and data centers.

By Mary Salmonsen • Aug. 19, 2024

Federal judge issues permanent injunction on Missouri anti-ESG rules

The court ruled that a pair of the state’s rules on socially responsible investing are preempted by national laws covering securities and pensions — and also unconstitutional.

By Lamar Johnson • Aug. 16, 2024

Texas adds NatWest to its fossil fuel divestment list

The list that now includes 16 companies has only one U.S. firm, BlackRock, raising questions on whether Texas avoids punishing Wall Street giants for their fossil fuel stance.

By Rajashree Chakravarty • Aug. 16, 2024

Standard Chartered unveils account linking clients’ rates to their ESG performance

The corporate banking product will be first piloted in the bank’s Hong Kong and Singapore markets before a further rollout “in due course.”

By Lamar Johnson • Aug. 14, 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

​​Standard Chartered scores $235M green loan for Texas solar plant

The six-year loan will back the development of a 1.35 million square foot plant which will be operated by renewable energy company Trinasolar.

By Zoya Mirza • Aug. 13, 2024

Louisiana gives NZBA members underwriting approval despite anti-ESG law

Net-Zero Banking Alliance members were approved as underwriters for state bonds “under a yellow caution flag.”

By Lamar Johnson • Aug. 12, 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

Blackstone acquires majority stake of renewables engineering firm

While the terms of the deal with Westwood Professional Services were not disclosed, a Blackstone exec said its transition business has committed $1.3 billion in investments since June.

By Lamar Johnson • Aug. 9, 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

Nat’l Association of Counties defends against attacks on its fiduciary duties

The organization representing about 3,000 U.S. counties passed a resolution opposing interference in its investment decisions as part of its 2024-25 platform.

By Lamar Johnson • Aug. 6, 2024

Bill Gates-backed energy investment firm pulls in $839M for new climate fund

Breakthrough Energy Ventures’ third fund will have an investment focus similar to that of its predecessors and target five key areas in climate innovation, including energy and transportation.

By Zoya Mirza • Aug. 6, 2024

Wells Fargo faces lawsuit for alleged sham DEI hiring effort

The bank is said to have interviewed diverse candidates for jobs that were already filled or for which they weren’t qualified to polish its DEI credentials.

By Robert Freedman • Aug. 6, 2024