Sustainability: Page 18

  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    Citi agrees to disclose green financing ratios, following JPMorgan

    The New York City comptroller has withdrawn shareholder proposals with the two banks. The measure faces votes at four other banks.

    By • March 25, 2024
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    Andrew Burton via Getty Images
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    Column

    ESG isn’t just BlackRock’s fight

    If it seems like banks are backing off of their sustainability efforts, comments from Barclays, TD and UBS may give added perspective.

    By Dan Ennis • March 25, 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
  • Newly-installed solar panels face the sky at the construction site of a new solar energy park as wind turbines spin behind in Germany.
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    Sean Gallup via Getty Images
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    Treasury issues clarifying guidance on the IRA’s energy community bonus credit

    The guidance expands the definition of an energy community and the nameplate capacity attribution rule for offshore wind projects.

    By Diana DiGangi • March 25, 2024
  • Containers of Nestle hot chocolate mix are seen on a store shelf.
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    Justin Sullivan via Getty Images
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    Nestlé launches pair of initiatives to decarbonize cocoa supply chain

    The global food company said its new projects aim to reduce and remove over 500,000 metric tons of carbon over a 20-year period.

    By • March 22, 2024
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    Joe Raedle via Getty Images
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    SEC to face all climate rule challenges in U.S. 8th Circuit Court of Appeals

    The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.

    By • March 22, 2024
  • The curved banner of a Walmart store, the brand name in white letters and the characteristic yellow sunburst logo to the right, against a blue sky.
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    Daphne Howland/ESG Dive
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    Flexing for the planet: How Walmart crushed its supplier emissions target

    The retail giant leaned on education, financing and recognition to get its supply chain on board with Project Gigaton, a sustainability executive with the company told Supply Chain Dive.

    By Ben Unglesbee • March 22, 2024
  • Protesters seen outside BlackRock's Manhattan headquarters.
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    Spencer Platt via Getty Images
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    Texas schools fund pulls $8.5B from BlackRock over ESG

    The divestment is the latest from the Lone Star State, which has already placed BlackRock on restricted lists over its stance on fossil fuels.

    By • March 21, 2024
  • A Schneider National driver plugs an electric Freightliner eCascadia into a charger.
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    Courtesy of Schneider National
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    White House unveils zero-emission truck charging, fueling infrastructure plan

    The plan will guide zero-emission, medium- and heavy-duty truck charging and hydrogen fueling infrastructure deployment through 2040.

    By Colin Campbell • March 21, 2024
  • Rep. Bill Huizenga speaks with glasses and a pen in one hand.
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    Kevin Dietsch via Getty Images
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    House GOP continues to hammer SEC over climate rule

    The House Financial Services Committee questioned the agency’s authority to promulgate the climate disclosure regulation both in the chamber and on the road.

    By • March 21, 2024
  • A vehicle's tailpipe emitting exhaust.
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    Justin Smith/iStock/Getty Images Plus via Getty Images
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    EPA softens vehicle emissions standards in win for automakers

    The final rule steadily tightens the requirements, giving automakers more time to ramp up EV sales.

    By Michael Brady • March 21, 2024
  • Building and assembling a construction wind turbines farm by a crane
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    Olya Solodenko via Getty Images
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    Morningstar launches indexes on companies’ transition to low carbon economy

    The financial services firm believes the indexes offer “a very different way” for investors who want to target the climate transition, while “maintaining exposure to high carbon-intensive sectors.”

    By • March 20, 2024
  • Offshore wind turbines are seen standing in the ocean against a blue sky.
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    Fokkebok via Getty Images
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    South Fork Wind becomes first US utility-scale offshore wind farm to complete construction

    The completion of Ørsted and Eversource’s 130-MW project gets New York closer to its goal of deploying 9 GW of offshore wind by 2035.

    By Diana DiGangi • March 20, 2024
  • Carbon capture plant seen on a filed.
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    Courtesy of Spiritus
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    Los Alamos-based Spiritus to launch large-scale carbon capture facility

    The Orchard One facility aims to capture and sequester up to 2 megatons of carbon dioxide from the atmosphere annually, once operational.

    By • March 19, 2024
  • SEC Chair sits with an even expression
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    Chip Somodevilla via Getty Images
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    Federal appeals court pauses SEC climate rule implementation

    The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit Court of Appeals, as the first of multiple challenges yields action.

    By • March 19, 2024
  • Solar project
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    Courtesy of The Rockefeller Foundation
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    Q&A

    Rockefeller Foundation’s new CFO: Climate crisis is a ‘big motivator’

    Keith Olson took the finance reins of the 111-year-old philanthropic powerhouse earlier this month. He is an alum of the Bill & Melinda Gates Foundation.

    By Maura Webber Sadovi • March 19, 2024
  • Google logo displayed in front of building.
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    Justin Sullivan via Getty Images
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    Google pledges to buy $35M in carbon removal credits, matches DOE

    The tech giant’s commitment builds on the Department of Energy’s initiative to scale the carbon removal purchase sector.

    By • March 18, 2024
  • An aerial view of German solar and onshore wind farm
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    Sean Gallup via Getty Images
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    KKR announces $3B takeover of European renewable energy producer Encavis

    The independent power producer said it will also up its 2027 operating capacity target to 7 gigawatts.

    By • March 18, 2024
  • A fuel pump in focus in front of a line of waste trucks.
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    Permission granted by Clean Energy Fuels
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    Deep Dive

    How a new wave of clean fuels bills could spur a biogas boom

    New Mexico just became the fourth state to enact a program, which has the potential to give biogas projects from landfills and on-farm digesters a boost. Could more states soon follow?

    By Jacob Wallace • March 18, 2024
  • A Shell tanker is seen in front of an oil station.
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    Jeff J Mitchell via Getty Images
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    Shell dilutes energy transition strategy, scraps 2035 decarbonization goal

    Despite scaling back some of its targets, the oil major said its goal to attain net-zero status by 2050 “remains at the heart of [its] strategy.”

    By • March 15, 2024
  • CEO leads a discussion among executives at the company
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    Caiaimage/Caiaimage/Robert Daly via Getty Images
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    Support for ESG proposals fell by a third since 2021 record: Report

    “Politics clearly had a role to play and cast a chill on the top end of proposal voting,” according to Sustainable Investments Institute Executive Director Heidi Welsh.

    By • March 15, 2024
  • Gerald Johnson and UAW Vice President Mike Booth shake hands at GM's Arlington Assembly plant in June 2023.
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    Courtesy of General Motors
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    GM hires former Tesla exec as head of manufacturing and sustainability

    Jens Peter Clausen led efforts to scale the production of EV propulsion systems at the electric automaker’s Gigafactory 1 in Nevada.

    By Eric Walz • March 15, 2024
  • Flags fly at full staff outside the NYSE with the Wall ST sign in the foreground
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    Kena Betancur via Getty Images
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    Net-Zero Banking Alliance updates disclosure guidance, extends to capital markets

    The UN-aligned group also stressed that all member banks should act and set climate targets independently, following a flurry of antitrust allegations.

    By • March 14, 2024
  • Plastic waste on a sandy beach. Pollution of the waters of the world ocean by plastic. Polluted beach in Los Angeles, USA
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    Konoplytska via Getty Images
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    As You Sow stays the course with plastic reduction resolutions despite ESG headwinds

    “I think this is a really difficult year for shareholder resolutions,” said Kelly McBee, circular economy manager at As You Sow. To date, its 2024 consumer packaging efforts target Altria, Amazon and others.

    By Maria Rachal • March 14, 2024
  • Analyst working with business analytics and data management system to generate report with metrics.
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    NicoElNino via Getty Images
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    Determining if GHG is material to your company: KPMG’s ESG audit leader

    Maura Hodge said companies will need to take a quantitative and qualitative approach to gauge whether to disclose scope 1 and scope 2 emissions.

    By • March 13, 2024
  • A rooftop solar installation against the backdrop of the Chrysler Building and the Empire State Building in midtown Manhattan.
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    FernandoAH via Getty Images
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    New York City bill would mandate solar panels on public buildings

    The legislation would require 100 megawatts of solar photovoltaic systems to be installed on the roofs of city-owned buildings by the end of 2025, with a broader goal of 150 MW by 2030.

    By Nish Amarnath • March 13, 2024