Sustainability: Page 19
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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 -
Chip Somodevilla via Getty Images
SEC’s climate disclosure rule: from proposal to approval
A look at the agency’s two-year journey to finalizing the rule amid a backdrop of conflicting opinions on its authority.
By Zoya Mirza , Lamar Johnson • March 13, 2024 -
Explore the Trendline➔
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TrendlineThe 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 -
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Unilever updates climate action plan, targets scope 3 emissions reduction
The consumer goods company said it plans to completely eliminate direct emissions and reduce indirect emissions by 42%, compared to a 2021 baseline, by the end of the decade.
By Zoya Mirza • March 12, 2024 -
Maddie Meyer via Getty Images
Massachusetts pension fund updates ESG proxy voting policies
The updates include additional information on how the state pension fund will vote on the “most important and scrutinized corporate governance topics among institutional investors.”
By Lamar Johnson • March 12, 2024 -
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Renewable energy M&A is entering a new paradigm, LevelTen Energy says
The latter half of 2023 saw a significant slowdown in M&A transactions, which LevelTen Energy believes signals a shift in strategy among renewable energy developers.
By Emma Penrod • March 12, 2024 -
Melanie Conner via Getty Images
Oregon retirement fund to divest $1B from coal industry under new bill
Alongside its decarbonization directives, the bill also states that divestments “must be accomplished without monetary loss to the investment funds.”
By Zoya Mirza • March 11, 2024 -
David McNew via Getty Images
Appeals court upholds oil permitting pause in California’s Kern County
The ruling sends the county back to the drawing board on both its environmental report and amendments to its permitting process for new oil and gas wells.
By Lamar Johnson • March 11, 2024 -
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USDA counters claims over misuse of climate funds
An Environmental Working Group report says the majority of climate-smart agriculture funding go toward projects with no proven sustainability benefits.
By Nathan Owens • March 11, 2024 -
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SEC faces legal action from environmental groups over ‘significantly weaker’ climate rule
Sierra Club said it will also take action to defend the SEC’s authority to implement such a rule.
By Zoya Mirza • March 8, 2024 -
Patrick Smith via Getty Images
10 Republican-led states file lawsuit to block SEC’s climate disclosure rule
The challenge, led by West Virginia, was announced before the ink could dry on the agency’s final rule.
By Lamar Johnson • March 8, 2024 -
Chip Somodevilla via Getty Images
Conflicting views on SEC’s authority set the tone for climate disclosure rule vote
The newly-passed regulation faces criticism from supporters and detractors for not going far enough and going too far, respectively.
By Zoya Mirza , Lamar Johnson • March 7, 2024 -
Alex Wong via Getty Images
SEC approves final climate disclosure rule, starts compliance countdown
The rule passed by a 3-2 vote Wednesday morning, absent requirements for scope 3 reporting and slimmer scope 1 and scope 2 requirements.
By Lamar Johnson • March 6, 2024 -
Drew Angerer via Getty Images
SEC drops scope 3 from final climate rule, takes phased approach to scope 1 and 2 reporting
The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.
By Lamar Johnson • Updated March 6, 2024 -
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A primer on the SEC’s climate disclosure rule ahead of its vote
A look at the rule the agency proposed in 2022, what’s expected to change and what will be finalized at Wednesday’s vote.
By Lamar Johnson • March 5, 2024 -
Stephen Chernin via Getty Images
Starbucks loses ground on emissions reduction, sets new 2030 sustainability goals
The coffee chain aims to slash its climate, water, and waste footprints by 50% by 2030, compared to a 2019 baseline.
By Zoya Mirza • March 4, 2024 -
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Mounting ESG scrutiny could affect revenues, reputation: BlackRock
Increasing domestic and international ESG regulations could increase compliance costs and uncertainty, the firm said in its annual SEC filing.
By Lamar Johnson • March 4, 2024 -
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Sustainable Apparel Coalition rebrands as Cascale
The move follows the December exit of CEO Amina Razvi and the organization’s step back from the Higg Materials Sustainability Index.
By Lara Ewen • March 4, 2024 -
Phil Augustavo via Getty Images
Slowing wind installations threaten emissions progress under the IRA: report
More action on transmission may be needed for the Inflation Reduction Act to reach its full potential on climate, but the success of solar and batteries in particular could also hold policy lessons, an Energy Innovation report said.
By Emma Penrod • March 1, 2024 -
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New York sues JBS over ‘misleading’ climate claims
The state's attorney general is accusing the world's largest meatpacker of exploiting consumers by falsely advertising its products as sustainable.
By Sarah Zimmerman • Feb. 29, 2024 -
Courtesy of Mercedes-Benz AG
Mercedes-Benz delays EV goal amid slowing demand
Low-cost EV sales are growing faster than more expensive luxury models, a company executive said.
By Michael Brady • Feb. 28, 2024 -
David Ramos via Getty Images
Nokia commits to net-zero emissions by 2040, accelerating timeline by a decade
The telecom company also said it will fast-track its existing target of slashing scope 1, 2 and 3 emissions by half by 2030, compared to a 2019 baseline.
By Zoya Mirza • Feb. 27, 2024 -
Scott Olson via Getty Images
ExxonMobil forges ahead with lawsuit against ESG investors
“The true goal of Exxon's legal attack is preventing shareholders from voting on its greenhouse gas emissions,” said Follow This founder Mark van Baal.
By Lamar Johnson • Feb. 27, 2024 -
Permission granted by Schneider Electric
Schneider Electric expects to slash scope 2 emissions with tax credit deal
Schneider says the tax credit transfer agreement with Engie, which leverages Inflation Reduction Act provisions, will accelerate scope 3 emissions reductions for its clients.
By Nish Amarnath • Feb. 26, 2024 -
Jeenah Moon via Getty Images
Microsoft closes on 6-year carbon removal deal with Catona Climate
The tech giant will purchase carbon removal credits generated through an agroforestry project based in Kenya, working toward its 2030 goal to become carbon negative.
By Zoya Mirza • Feb. 23, 2024 -
Kaarin Vembar/ESG Dive
Walmart hits supplier emissions goal 6 years early
The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.
By Ben Unglesbee • Feb. 23, 2024
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