Sustainability: Page 13

  • CFOs should focus on these key changes to quickly adapt and meet new sustainability and ESG-related regulations this year.
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    Getty Images via Getty Images
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    IFRS, GRI seek full interoperability as global jurisdictions align with ISSB

    The organization behind the International Sustainability Standards Board also said jurisdictions accounting for 55% of global GDP are aligning with its frameworks.

    By • June 3, 2024
  • The ExxonMobil logo displayed at its campus in Houston, Texas.
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    Brandon Bell via Getty Images
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    ExxonMobil’s ongoing war on ESG

    The oil major is forging ahead with legal action against shareholders who pushed for climate action, despite resistance from state funds and finance officials who have rallied against its suit.

    By , • Updated June 18, 2024
  • Power lines and wind turbines are seen at dawn. Explore the Trendline➔
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    Alexander Koerner via Getty Images
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    Trendline

    The state of the clean energy transition in 2024

    This year saw a large volume of initiatives and investments from corporations focused on the clean energy transition — alongside a handful of reversions on carbon reduction goals.

    By ESG Dive staff
  • Wall Street sign with U.S. flags in background
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    lucky-photographer via Getty Images
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    SBTi tightens target-setting guidelines for financial institutions

    This is the first time public banks and asset managers have been looped into SBTi’s framework, which also includes fossil fuel financing target guidelines for the first time.

    By • May 31, 2024
  • Climate change protestors are seen marching.
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    Asanka Ratnayake via Getty Images
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    Asset, pension managers bolster Climate Action 100+ after member exodus

    The investor group was backed by the nation’s largest retirement fund and other pension systems Tuesday after it lost JPMorgan, State Street and PIMCO as members earlier this year.

    By • May 31, 2024
  • Wind turbines operate at a wind farm on March 05, 2024 near Palm Springs, California.
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    Mario Tama via Getty Images
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    Treasury issues proposed guidance on technology-neutral clean energy tax credits

    The new credits, which cover wind, solar, hydropower, nuclear, geothermal and other technologies, are “one of the [Inflation Reduction Act’s] most significant reforms,” the Treasury Department said in a release. 

    By Diana DiGangi • May 31, 2024
  • Stack of silver coins with seedlings ready to grow.
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    Sakorn Sukkasemsakorn via Getty Images
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    White House looks to bolster carbon market credibility

    The Biden administration released new principles for responsibly participating in voluntary carbon markets in what was called a “pragmatic step” by the CEO of carbon data platform Sylvera.

    By • May 30, 2024
  • A sign is posted in front of a Google office on April 26, 2022 in San Francisco, California. Google parent company Alphabet will report first quarter earnings today after the closing bell.
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    Justin Sullivan via Getty Images
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    Google, Meta, Microsoft, Salesforce launch coalition to contract carbon removal credits

    The Symbiosis Coalition aims to purchase up to 20 million tons of nature-based carbon removal credits for the tech companies by 2030.

    By • May 29, 2024
  • The Tennessee Valley Authority's coal-fired Cumberland power plant in Tennessee.
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    The image by TVA Web Team is licensed under CC BY 2.0
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    EEI joins AEP, Duke, other utilities in suing EPA over power plant greenhouse gas rule

    The trade group for investor-owned utilities contends it is “premature” to set emission limits based on carbon capture technology.

    By Ethan Howland • May 29, 2024
  • Exxon
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    Brandon Bell via Getty Images
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    Judge green lights ExxonMobil’s suit against Arjuna Capital, dismisses Follow This

    Texas’ Northern District Court said it would not drop the oil giant’s lawsuit against its activist investors, but dismissed Netherlands-based Follow This as it fell outside its jurisdiction.

    By • May 24, 2024
  • Photo looking up at high rises and Wall Street sign.
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    franckreporter via Getty Images
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    JPMorgan, Morgan Stanley shareholders modestly support Indigenous rights, climate proposals

    While voters did not approve shareholder resolutions at either meeting, the results displayed similar, if not greater, support as nearly identical proposals at other large U.S. banks.

    By • May 24, 2024
  • Birds eye view of hydrogen tanks surrounded by a wire fence and cars.
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    Courtesy of Toyota
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    Toyota debuts renewable energy system at Port of Long Beach

    Called “Tri-gen,” the system produces renewable electricity, renewable hydrogen and usable water from biogas. 

    By S.L. Fuller • May 24, 2024
  • A close up of Shell's logo.
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    Scott Barbour via Getty Images
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    Shell shareholders approve diluted climate strategy at annual meeting

    Shareholders also rejected a resolution from shareholder activist Follow This to align the oil major’s scope 3 goals with the Paris Agreement.

    By • May 23, 2024
  • View of a gas price board
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    Win McNamee via Getty Images
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    State finance officials, fund trustees join CalPERS to oppose ExxonMobil slate

    A group of 13 state officials and pension plan leaders have urged major asset managers to vote against the oil major’s board and CEO at its May 29 annual meeting.

    By • May 23, 2024
  • Solar panels and wind turbines in a field
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    imacoconut via Getty Images
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    Opinion

    Investing in green companies: Why private equity should lead the charge

    Investing in green companies not only addresses pressing environmental concerns but offers compelling financial returns as well.

    By Hajar Jouglaf • May 23, 2024
  • Governor of Texas holds a meeting with the governor of Floroida.
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    (2021). [Photograph]. Retrieved from Office of the Texas Governor.
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    House Democrats probe Texas, Florida over financial impact of anti-ESG laws

    Both conservative-led states have laws in place that ban consideration of ESG factors within state funds and policies, leading to divestments from firms that allegedly boycott fossil fuels.

    By • May 22, 2024
  • Delta Air Lines passenger jet in mid flight.
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    Permission granted by Kyndryl
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    Delta’s 2023 emissions exceeded pre-pandemic levels as air travel bounced back: report

    While the airline’s overall emissions topped its 2019 baseline, its scope 1 and 2 emissions remain below pre-pandemic levels.

    By • May 22, 2024
  • The Honda 0 Series Saloon electric vehicle concept on stage at a media event at the Consumer Electronic Shows in Las Vegans in January.
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    Eric Walz/ESG Dive
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    Inside Honda’s updated multibillion-dollar electrification strategy

    The massive investments will be used to establish a comprehensive electric vehicle value chain. 

    By Eric Walz • May 22, 2024
  • An aerial view of a Texas Oil Refinery
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    Brandon Bell via Getty Images
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    Anti-ESG laws hurting Texas economically, unpopular with voters: research

    Pro-ESG group Unlocking America’s Future said Texas’ anti-ESG laws are hurting the state’s reputation as being “good for business.”

    By • May 21, 2024
  • CalPERS logo outside its building in Sacramento.
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    Max Whittaker via Getty Images
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    CalPERS to vote against ExxonMobil directors at shareholder meeting

    The country’s largest pension fund said it would oppose appointment of all 12 of the oil giant’s board of directors, citing its lawsuit against Arjuna Capital and Follow This.

    By • May 21, 2024
  • Oklahoma City, Oklahoma, downtown skyline on the Oklahoma River at dawn.
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    Sean Pavone via Getty Images
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    BlackRock, State Street retain Oklahoma pension system contracts after anti-ESG law pause

    Contract renewals for the two firms were on hold due to Oklahoma’s 2022 Energy Discrimination Elimination Act, which got blocked by a district court judge earlier this month.

    By • May 20, 2024
  • A picture of the ceiling at Boston Consulting Group's office, displaying its logo.
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    Courtesy of BCG
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    Q&A

    How companies should approach compliance under multiple climate reporting regulations: BCG

    Companies may need to reorganize as climate disclosure mandates take shape, says Tim Mohin, a partner and director at Boston Consulting Group.

    By Suman Bhattacharyya • May 20, 2024
  • A worker in a high-vis vest and hard hat walks between solar panels that cover the roof of a Sam's Club store in California.
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    David McNew via Getty Images
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    IRS extends domestic content bonus credit applicability for hydropower, solar

    The guidance also aims to “remove unnecessary burdens on taxpayers by allowing them to reference default cost percentages,” said American Council on Renewable Energy President and CEO Ray Long.

    By Diana DiGangi • May 20, 2024
  • An engineer walks by solar panels with wind turbines in the background.
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    image via Getty Images
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    Schneider Electric purchases IRA tax credits from solar manufacturer

    The senior director of renewables for Schneider’s sustainability business called the Inflation Reduction Act’s transferable credits a “revolutionary development.”

    By • May 17, 2024
  • The California Public Employees' Retirement System building seen during daytime.
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    Max Whittaker via Getty Images
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    CalPERS to commit $25B to private market climate solutions

    The allocation is part of the California pension fund’s strategy to double its climate investments to $100 billion by 2030, which it announced last year.

    By • May 17, 2024
  • Aerial view of blue photovoltaic solar panels mounted on industrial building roof for producing clean ecological electricity.
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    Bilanol via Getty Images
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    Clean energy tax credit market poised to grow under new transferability rules

    The transferability mechanism makes it easier for clean energy project developers and owners to sell IRA tax credits for cash.

    By Brian Martucci • May 17, 2024