The role of e-commerce platforms in driving sustainability in sourcing

How do B2B e-commerce platforms drive sustainable sourcing as businesses seek global solutions?

By Rah Mahtani, Head of Marketing for North America at Alibaba.com • April 22, 2024

Net-Zero Asset Owner Alliance’s updated target-setting to cover all private assets

The fourth edition of the protocols will also include guidance for members to set 2030 goals aligned with the Paris Agreement.

By Lamar Johnson • April 19, 2024

Explore the 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

Formula 1 ‘on track’ to reach net-zero status by 2030 after emissions reduction: report

The international racing body said its carbon footprint decreased by 13% from 2018 to 2022.

By Zoya Mirza • April 18, 2024

House GOP spearheads legislation to strike down SEC climate disclosure rule

The Financial Services Committee advanced a Congressional Review Act challenge to the rule by a 28-22 vote split along party lines.

By Lamar Johnson • April 18, 2024

The time is ripe for utilities to play a larger role in the energy transition

Utilities should provide upfront support to low- and moderate-income customers customers for residential electrification and decarbonization measures to prevent them from being stuck on the existing fossil fuel systems.

By Dan Bakal • April 18, 2024

German energy company RWE issues first pair of US green bonds for $2B

This marks RWE’s first foray into the nation’s bond market, with plans to issue $3-3.5 billion in green bonds annually in the U.S. and Europe until 2030.

By Lamar Johnson • April 17, 2024

Texas schools fund adopts ‘ESG skeptical’ proxy voting stance

The move comes after the Lone Star State pulled $8.5 billion from BlackRock last month over its stance on fossil fuels.

By Zoya Mirza • April 17, 2024

BMW, Rimac Technology to co-produce battery tech for EVs

The electric vehicle technology company expects the partnership — its largest and most ambitious yet — will help it become a high-volume Tier 1 automotive supplier.

By Eric Walz • April 17, 2024

SBTi walks back carbon offset policy changes after staff backlash

The Science Based Targets initiative backtracked on expanding the use of environmental offsets in corporate scope 3 plans after staff called for its CEO’s resignation.

By Lamar Johnson • April 16, 2024

Del Monte Foods reports GHG emissions reduction, sets net-zero goal for 2050

The food producer and distributor said it aims to achieve its sustainability goals by making changes to its own operations instead of purchasing carbon credits.

By Zoya Mirza • April 16, 2024

CIP acquires 1.3 GW of New York onshore wind projects

Copenhagen Infrastructure Partners made the acquisition through its CI V fund, which has raised billions in capital commitments for greenfield renewable energy investments.

By Diana DiGangi • April 16, 2024

Capital One shareholders urged to approve scope 3 target-setting proposal

The New York State Common Retirement Fund said the targets are necessary to fully assess the bank’s climate risk exposure and mitigation strategies.

By Lamar Johnson • April 15, 2024

Toyota clinches $150M for new climate-focused fund

The fund will build on the car manufacturer’s inaugural 2021 climate fund, which has backed climate tech startups and carbon capture and storage companies.

By Zoya Mirza • April 15, 2024

Henkel to engage packaging suppliers in bid to lower scope 3 emissions

The German consumer goods company behind brands like Dial soaps and Soft Scrub cleaners says about a quarter of its value chain emissions are caused by packaging and raw materials. It’s targeting decreases by 2030.

By Maria Rachal • April 15, 2024

SBTi to allow for expanded carbon credit use in net-zero plans despite staff opposition

The organization said it will not evaluate the quality of carbon credits when assessing how corporations’ strategies for scope 3 emissions abatement align with climate science.

By Lamar Johnson • April 12, 2024

Insurers falling short on climate commitments: ShareAction

Most insurers surveyed had few or no restrictions on conventional oil and gas in both their underwriting and investment activities.

By Suman Bhattacharyya • April 12, 2024

Volkswagen subsidiary to pay nearly $49M in SEC fraud case

The SEC claims the finance unit sold bonds at a time when senior Volkswagen executives knew that more than 500,000 of their vehicles in the United States “grossly exceeded legal vehicle emissions limits.”

By Haley Cawthon • April 12, 2024

House GOP begins congressional challenge to SEC climate disclosure rule

House Financial Services Committee Chair Patrick McHenry said the agency’s voluntary pause is “not enough.”

By Lamar Johnson • April 11, 2024

Rooftop heat pump technologies can save US businesses $5B annually: DOE

A new commercial heat pump accelerator program aims to halve greenhouse gas emissions and energy costs compared with natural gas-fueled heat pumps, the U.S. Department of Energy says.  

By Nish Amarnath • April 11, 2024

Majority of fashion brands won’t meet their emissions goals: report

About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.

By Lauren Schenkman • April 11, 2024

Chevron leads $45M investment in carbon removal company Ion Clean Energy

The energy giant made the investment through its New Energies division, in collaboration with Carbon Direct Capital.

By Lamar Johnson • April 10, 2024

‘It’s important to get going’: How fashion is navigating the many complexities of sustainability

Understanding supply chains is key to both regulatory compliance and scaling solutions, executives said at an American Apparel & Footwear Association event.

By Ben Unglesbee • April 10, 2024

Lack of uniform standards and disclosures a roadblock to scaling transition finance: report

Without formal definitions, metrics and transition finance instruments endorsed by international organizations, broader adoption could stall, the CFA Institute said.

By Suman Bhattacharyya • April 10, 2024

Citi, TD, HSBC, Northern Trust added to West Virginia restricted list

The state warned the banks in February of consequences if they "boycott" fossil fuels. BMO and Fifth Third avoided being added to the list, the state said.

By Caitlin Mullen • April 9, 2024

SEC reiterates no scope 3 in final climate rule

Agency officials are starting to educate industry stakeholders and investors on the paused rule’s required disclosures, while defending it in court.

By Lamar Johnson • April 9, 2024