Sustainability: Page 15
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COP29
COP29 president unveils climate action agenda with no mention of fossil fuel phase out
Though the agenda introduced a spate of environmental initiatives, it lacked any direct mentions of transitioning away from fossil fuels, a goal set during COP28.
By Zoya Mirza • Sept. 20, 2024 -
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 -
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 -
US solar panel manufacturing jumps fourfold after Inflation Reduction Act
The sector is enjoying massive production investment thanks to the clean energy law, even as it contends with heightened tariffs.
By Joelle Anselmo • Sept. 19, 2024 -
Under 25% of Vanguard’s 2024 proxy pilot participants chose ESG-centered policies
The program’s third-party ESG policy option was particularly popular with investors of one of the firm’s ESG funds, though just under a quarter of pilot participants picked the option overall.
By Lamar Johnson • Sept. 18, 2024 -
JBS unlocks renewable gas production at US beef and poultry plants
With help from GreenGasUSA’s on-site systems, the Brazil-based meat giant plans to transform methane from its wastewater streams into sustainable fuel.
By Nathan Owens • Sept. 18, 2024 -
Real estate firm CBRE curbs scope 1, 2 emissions by 24% since 2019
Its scope 1 emissions rose almost 16% since 2022 due to increased mileage across its vehicle fleet, which it looks to fully electrify by 2035, according to CBRE’s 2023 corporate responsibility report.
By Joe Burns • Sept. 18, 2024 -
Occidental’s 1PointFive secures up to $500M from DOE for carbon removal
The Department of Energy’s Office of Clean Energy Demonstrations will provide the funding to develop a direct air capture hub which can remove 500,000 metric tons of carbon dioxide annually.
By Zoya Mirza • Sept. 17, 2024 -
House GOP members probing federal membership in green finance network
Leaders of the House Financial Services Committee are conducting an investigation into the participation of U.S. agencies in the Network for Greening the Financial System.
By Lamar Johnson • Sept. 17, 2024 -
Matt Damon-backed WaterEquity pulls $100M+ from Microsoft, Starbucks, others for new climate fund
The Water & Climate Resilience Fund aims to make safe water or sanitation accessible to 15 million people based across Africa, Asia and Latin America.
By Zoya Mirza • Sept. 16, 2024 -
EPA issues violation notice to ADM over carbon sequestration permit
The violation relates to corrosion in a monitoring well at the agricultural supply chain company’s second injection site that has since been plugged and did not affect surface or groundwater, ADM said in a statement.
By Lamar Johnson • Sept. 16, 2024 -
EPA expands recommended ecolabels for food service ware purchases
It’s the first time in nearly 10 years the agency is evaluating new recommendations of standards for sustainable federal purchasing. EPA said it would accept comments on the proposed updates for 30 days.
By Maria Rachal • Sept. 16, 2024 -
SEC disbands its climate and ESG enforcement task force
The Securities and Exchange Commission said it will return its attention to greenwashing if it sees another spike in risk, an agency spokesperson told ESG Dive.
By Lamar Johnson • Sept. 13, 2024 -
GM, Hyundai plan global alliance on EVs, clean-energy tech
The potential collaboration aims to reduce automaker costs and deliver a wider range of vehicles and emerging technologies to market faster.
By Eric Walz • Sept. 13, 2024 -
Big banks pressed to stop financing livestock production over climate concerns
An open letter singles out JPMorgan Chase, Bank of America and other institutions for their support of food giants like JBS, saying lending activities undermine the sector’s environmental commitments.
By Sarah Zimmerman • Sept. 13, 2024 -
ClimeCo unveils certification program for sustainable products
The environmental services company’s new certification aims to help companies communicate their sustainability initiatives and consumers make informed purchasing decisions.
By Zoya Mirza • Sept. 12, 2024 -
House Financial Services panel hearing probes proxy advisors’ ESG influence
Rep. Bill Huizenga, R-Mich., said advisors are becoming “de facto standard setters” for governance, while a witness compared them to consultants who help investors “sift through mountains of data.”
By Lamar Johnson • Sept. 12, 2024 -
Patagonia joins sustainable packaging initiative aimed at protecting forests
The retailer is collaborating with environmental nonprofit Canopy to develop paper products using agricultural waste and non-forest fibers.
By Kelly Stroh • Sept. 12, 2024 -
Google taps direct air capture startup for latest carbon removal deal
The tech giant will purchase carbon removal credits from Holocene for $100 per ton of carbon dioxide, a price tag considered to be the lowest on record for direct air capture technologies.
By Zoya Mirza • Sept. 11, 2024 -
BofA closes $205M tax equity deal for carbon capture, clean fuel credits
Bank of America will purchase carbon capture and clean fuel production tax credits in a novel financing deal with biofuels producer Harvestone Low Carbon Partners.
By Lamar Johnson • Sept. 11, 2024 -
Keurig Dr Pepper to pay $1.5M to settle charges over recyclability claims
The U.S. Securities and Exchange Commission says the beverage company omitted from filed documents some important information about testing the curbside recyclability of its K-Cup coffee pods.
By Katie Pyzyk • Sept. 11, 2024 -
Workiva, Visual Lease team up to boost sustainability reporting
The partnership between the ESG reporting software firm and the lease management platform will allow mutual clients to accurately report progress on their sustainability goals.
By Zoya Mirza • Sept. 10, 2024 -
White House announces $7.3B financing for rural clean energy projects
The federal funding will support 10 GW in clean energy projects lowering electricity costs for cooperative utilities in 23 states, the White House said.
By Ethan Howland • Sept. 10, 2024 -
EPA issues first set of carbon storage draft permits for Texas
The Environmental Protection Agency’s permits will allow Oxy Low Carbon Ventures to store approximately 722,000 metric tons of carbon dioxide annually in three underground wells.
By Zoya Mirza • Sept. 9, 2024 -
Nasdaq partners with Crux to help companies access clean energy tax credits
The team-up will grant Nasdaq ESG Solution clients access to Crux’s platform of clean energy project developers and manufacturers to purchase transferable tax credits.
By Lamar Johnson • Sept. 9, 2024