Finance: Page 8
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CFTC issues final voluntary carbon market guidance
The final guidance includes standards to ensure carbon credits are not subject to manipulation and have their contract terms monitored.
By Lamar Johnson • Oct. 15, 2024 -
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DOE allocates $43M+ to advance industrial decarbonization technologies
The projects selected for the funding are expected to have implications for operators of industrial and commercial buildings, a U.S. Department of Energy official says.
By Nish Amarnath • Oct. 15, 2024 -
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Amazon announces trio of climate fund investments for e-waste, low-carbon construction
The tech giant’s climate pledge fund participated in funding rounds for startups it believes will accelerate its path to net-zero by 2040.
By Lamar Johnson • Oct. 11, 2024 -
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Opinion4 ways tech can help CFOs navigate a tricky ESG landscape
This year has marked the beginning of a groundswell of enhanced, regulated reporting on sustainability and climate data, writes Persefoni’s Emily Pierce.
By Emily Pierce • Oct. 10, 2024 -
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US energy transition path currently in line with 2.6 degrees Celsius temperature rise: BNEF
The nation is currently on track to cut just 22% of its carbon emissions by 2030, compared to the 50% needed to reach its Paris Agreement goals.
By Lamar Johnson • Oct. 9, 2024 -
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US banks largely lagging on implementing best practices for net-zero: Exclusive
“What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.
By Lamar Johnson • Oct. 8, 2024 -
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Companies signal pullback on Israel-Gaza philanthropy: Conference Board
As the conflict enters its second year, some companies will likely wind down funding commitments amid concern about backlash to corporate policies, the Conference Board’s Andrew Jones said.
By Maura Webber Sadovi • Oct. 8, 2024 -
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Carbon footprint of 21 private equity firms exceeds pre-pandemic global flight emissions
Two-thirds of the energy companies included in the portfolios of these private equity firms are invested in fossil fuels assets, which collectively emit 1.17 billion metric tons of CO2 equivalent annually.
By Zoya Mirza • Oct. 7, 2024 -
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How asset managers can integrate climate into their investment decisions: State Street, Impax
The report shows that “understanding and managing climate change’s impact on portfolios is core to delivering attractive investment returns and cannot be ignored,” Impax CEO Ian Simm said.
By Lamar Johnson • Oct. 7, 2024 -
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Sustainability spending tops US corporate agenda amid decarbonization hurdles: Carrier
Corporate focus on sustainability has increased despite economic headwinds and legislative uncertainty. Yet, many organizations face roadblocks from financial access to workforce shortages, experts say.
By Nish Amarnath • Oct. 7, 2024 -
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Anti-ESG proxy votes surge but they’re not passing
Shareholders submitted more than 100 anti-ESG proposals in the 2024 proxy season but none of those that made it to a vote received more than single-digit support.
By Robert Freedman • Oct. 4, 2024 -
Lamar Johnson/ESG Dive
Dem AGs: ‘We were on the verge of losing this messaging battle’ on ESG
“We're pushing back because the Republicans are rewriting reality, trying to voice the false narrative on business … and we can’t stand for that,” California AG Rob Bonta said.
By Lamar Johnson • Oct. 2, 2024 -
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ESG and sustainability conferences to watch in 2025
Corporations will increasingly look for help in meeting ESG goals, while navigating the current U.S. political environment.
By Lamar Johnson , Zoya Mirza • Updated Jan. 16, 2025 -
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Morgan Stanley secures $750M for climate-focused private equity fund
The 1GT fund aims to collectively avoid or cut one gigaton of carbon dioxide equivalent emissions from the Earth’s atmosphere by 2050.
By Zoya Mirza • Sept. 30, 2024 -
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CEOs face hurdles in meeting net-zero targets due to decarbonization challenges: KPMG
CEOs pointed to the complexity of cutting supply chain emissions and implementing sustainable solutions as challenges affecting their net-zero target strategies.
By Suman Bhattacharyya • Sept. 26, 2024 -
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US lawmakers propose bill limiting investments in projects using forced labor
The No Funds for Forced Labor Act would require the Secretary of Treasury to instruct international financial institutions to oppose projects with a high risk of forced labor.
By Laurel Deppen • Sept. 25, 2024 -
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2024 ElectionsHow a 2nd Trump administration could ‘jeopardize’ Inflation Reduction Act climate funds
If elected, could Donald Trump claw back or withhold funds from communities? Experts from Columbia University’s Sabin Center for Climate Change Law offer insight.
By Ysabelle Kempe • Sept. 25, 2024 -
Lamar Johnson/ESG Dive
Climate Week NYC 2024 kicks off with carbon removal deals, green banking coalition
The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.
By Lamar Johnson • Sept. 24, 2024 -
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Most global banks unprepared for climate change risks: report
A majority of banks lack clear climate adoption strategies, a Climate X survey of 50 of the world's largest commercial banks found.
By Suman Bhattacharyya • Sept. 24, 2024 -
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State Street reduces support for E + S proposals, following other Big Three asset managers
State Street supported 6% of environmental and 7% of social proposals in the 2024 proxy season, confirming the nation’s largest asset managers all supported fewer such proposals than in 2023.
By Lamar Johnson • Sept. 23, 2024 -
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Clean energy a ‘big winner’ as Fed cuts interest rates more than expected
Renewable energy projects are “very sensitive to the cost of capital,” particularly for capital-intensive technologies like offshore wind, said Mona Dajani, a partner at Baker Botts.
By Diana DiGangi • Sept. 23, 2024 -
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JPMorgan creates role to oversee junior bankers’ ‘wellbeing’: memo
Ryland McClendon’s appointment comes amid a spike in concern over the workload and expectations of associates and analysts after a 35-year-old Bank of America banker died in May.
By Rajashree Chakravarty • Sept. 20, 2024 -
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House GOP passes pair of anti-ESG bills targeting ‘woke’ investment policies
House Republicans passed a pair of bills this week aimed at pension funds and the Securities and Exchange Commission that Rep. Juan Vargas, D-Calif., said are “going nowhere” in a Democrat-controlled Senate.
By Lamar Johnson • Sept. 20, 2024 -
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COP29$29 trillion investor coalition urges governments to tackle climate crisis ahead of COP29
A coalition of over 530 financial institutions is urging policymakers to “take robust action” on climate change, including mandating climate-related disclosures and boosting sustainable investments.
By Zoya Mirza • Sept. 19, 2024 -
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BlackRock, Microsoft, others form AI and energy infrastructure investment partnership
Microsoft President Brad Smith said the funding necessary to build out the data centers, AI factories and energy needed to power them “goes beyond what any single company or government can finance.”
By Lamar Johnson • Sept. 19, 2024
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