Sustainability

  • A view of the exterior of the Morgan Stanley headquarters.
    Image attribution tooltip
    Stringer via Getty Images
    Image attribution tooltip

    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 • Sept. 6, 2024
  • People seen protesting for climate change.
    Image attribution tooltip
    David McNew via Getty Images
    Image attribution tooltip

    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 , • Sept. 6, 2024
  • Wind turbines seen behind solar panels at a wind farm. Explore the Trendline➔
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip
    Trendline

    Sustainability initiatives gain traction against backdrop of climate disclosure rules

    Several companies have already committed to achieving net-zero emissions by 2050 and many have also set near-term targets to curb their carbon footprint by the end of the decade.

    By ESG Dive staff
  • A commercial building bears rooftop solar panels facing the twilit skyline of Atlanta, Georgia
    Image attribution tooltip
    Lisa-Blue via Getty Images
    Image attribution tooltip

    CleanCapital, Sunrock to deploy solar, battery storage in US communities

    CleanCapital’s senior director of investments and capital markets said the partnership will allow the companies to accelerate the nation's energy transition “where it matters most.”

    By • Sept. 5, 2024
  • HSR reviews, antitrust law, big tech genai acquisitions
    Image attribution tooltip
    David Becker via Getty Images
    Image attribution tooltip

    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 • Sept. 5, 2024
  • A worker installs solar panels at the construction site of a new solar energy park as wind turbines spin behind on April 06, 2023 near Prenzlau, Germany.
    Image attribution tooltip
    Sean Gallup via Getty Images
    Image attribution tooltip

    US wind energy investment soars while solar stagnates: BloombergNEF

    While solar companies struggle to find investors, interest in wind and geothermal projects is booming, according to an analysis by BloombergNEF.

    By Emma Penrod • Sept. 5, 2024
  • A row of Coca Cola bottles stand in containers in a grocery store.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    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 • Sept. 4, 2024
  • A man fills up a fuel truck with biodiesel.
    Image attribution tooltip
    David Paul Morris via Getty Images
    Image attribution tooltip

    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 • Sept. 4, 2024
  • A firefighting helicopter drops water over a wildfire in Los Olivos, California on July 6.
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    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
  • People speaking during a conference event.
    Image attribution tooltip
    sanjeri via Getty Images
    Image attribution tooltip

    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 • Sept. 3, 2024
  • Executives are seen speaking during a meeting.
    Image attribution tooltip
    AzmanL via Getty Images
    Image attribution tooltip
    Q&A

    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 • Aug. 30, 2024
  • Three people wearing goggles and business suits holding a red ribbon.
    Image attribution tooltip

    Courtesy of The Chemours Co.

    Image attribution tooltip

    Chemours opens EV battery innovation center in Delaware

    The research and development facility will focus on developing and improving lithium-ion batteries for electric vehicles.

    By Sara Samora • Aug. 30, 2024
  • Vehicles pass the Phillips 66 Los Angeles Refinery Wilmington Plant
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    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
  • An oil pumpjack is seen near a field of wind turbines
    Image attribution tooltip
    Brandon Bell via Getty Images
    Image attribution tooltip

    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 • Aug. 29, 2024
  • Three people in safety gear talk at the top of a building under construction.
    Image attribution tooltip
    ljubaphoto via Getty Images
    Image attribution tooltip

    US clean energy jobs grew 4.2% in 2023: DOE

    The U.S. added clean energy jobs at more than twice the rate of the broader economy, according to the Department of Energy.

    By Robert Walton • Aug. 29, 2024
  • Meta's logo outside of the company's headquarters
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    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 • Aug. 28, 2024
  • DOT headquarters in Washington, D.C., showing the name of the department.
    Image attribution tooltip
    Retrieved from FHWA.
    Image attribution tooltip

    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 wildfires litigation
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    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
  • A close-up of a plastic water bottle in a bucket of ice as the Sun shines down on a hot Summer day.
    Image attribution tooltip
    cmannphoto via Getty Images
    Image attribution tooltip

    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 • Aug. 27, 2024
  • Worker inside Toyota's $1.3 billion EV plant in Georgetown, Kentucky.
    Image attribution tooltip
    Courtesy of Toyota
    Image attribution tooltip

    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
  • Amcor logo
    Image attribution tooltip
    Permission granted by Amcor
    Image attribution tooltip

    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
  • Flags fly above the entrance of the BlackRock offices.
    Image attribution tooltip
    Andrew Burton via Getty Images
    Image attribution tooltip

    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 • Aug. 26, 2024
  • Close up of a large conference table with chairs in a meeting room in the high-rise office building
    Image attribution tooltip
    peterschreiber.media via Getty Images
    Image attribution tooltip

    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
  • Wind turbines operate at a wind farm in Coachella Valley, as vehicles drive on a highway below.
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    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 • Aug. 23, 2024
  • Uber sign on office building in New York City.
    Image attribution tooltip
    Michael M. Santiago via Getty Images
    Image attribution tooltip

    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 • Aug. 23, 2024
  • Close-up of a wrap label on a Diet Coke beverage bottle that says "I'm a 100% Recycled Bottle"
    Image attribution tooltip
    Maria Rachal/ESG Dive
    Image attribution tooltip

    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