Sustainability: Page 16
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Courtesy of Volvo
Volvo scales back its EV goals
In 2021, the automaker pledged to be fully electric by 2030. Now, the company is abandoning that goal, focusing instead on “electrified” models.
By Haley Cawthon • Sept. 9, 2024 -
Stringer via Getty Images
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 Lamar Johnson • Sept. 6, 2024 -
David McNew via Getty Images
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 Zoya Mirza , Lamar Johnson • Updated Dec. 17, 2024 -
Lisa-Blue via Getty Images
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 Lamar Johnson • Sept. 5, 2024 -
David Becker via Getty Images
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 Zoya Mirza • Sept. 5, 2024 -
Sean Gallup via Getty Images
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 -
Justin Sullivan via Getty Images
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 Lamar Johnson • Sept. 4, 2024 -
David Paul Morris via Getty Images
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 Zoya Mirza • Sept. 4, 2024 -
Mario Tama via Getty Images
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 -
sanjeri via Getty Images
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 Lamar Johnson • Sept. 3, 2024 -
AzmanL via Getty Images
Q&A5 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 Lamar Johnson • Aug. 30, 2024 -
Courtesy of The Chemours Co.
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 -
Mario Tama via Getty Images
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 -
Brandon Bell via Getty Images
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 Lamar Johnson • Aug. 29, 2024 -
ljubaphoto via Getty Images
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 -
Justin Sullivan via Getty Images
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 Lamar Johnson • Aug. 28, 2024 -
Retrieved from FHWA.
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 -
Justin Sullivan via Getty Images
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 -
cmannphoto via Getty Images
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 Lamar Johnson • Aug. 27, 2024 -
Courtesy of Toyota
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 -
Permission granted by Amcor
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 -
Andrew Burton via Getty Images
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 Lamar Johnson • Aug. 26, 2024 -
peterschreiber.media via Getty Images
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 -
Mario Tama via Getty Images
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 Lamar Johnson • Aug. 23, 2024 -
Michael M. Santiago via Getty Images
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 Zoya Mirza • Aug. 23, 2024
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