92% of CFOs plan to boost sustainability spending

A majority of companies expect to allocate more than 2% of revenue to sustainability initiatives this year.

By David McCann • March 3, 2025

BP cuts renewable spending, doubles down on fossil fuels in strategy reset

The U.K.-based oil major said its investments in the clean energy transition business will now be “significantly lower” and range between $1.5 billion to $2 billion per year.  

By Zoya Mirza • Feb. 28, 2025

One of UK’s largest pension funds picks Amundi, Invesco to manage bulk of its portfolio

The People’s Pension credited the firms’ “commitment to responsible investment” for the move. State Street previously managed the fund’s entire portfolio.

By Lamar Johnson • Feb. 28, 2025

Anti-ESG groups intensify activism early in 2025 proxy season

Opposition to corporate sustainability efforts has grown in recent years, culminating in an anti-ESG order by President Donald Trump last month.

By Jim Tyson • Feb. 28, 2025

EU adopts omnibus proposal, trims sustainability reporting requirements

The simplified package would remove 80% of companies from the scope of the Corporate Sustainability Reporting Directive and delay reporting timelines.

By Lamar Johnson • Feb. 27, 2025

Ikea revises zero emission delivery goal, lowers ambition

The global furniture retailer said it was revising a goal to use zero emission vehicles for home deliveries by 2025 and now aiming to reach 90% of this target by 2028.

By Zoya Mirza • Feb. 26, 2025

SEC updates guidance on ESG engagement disclosures, prompts temporary confusion

BlackRock and Vanguard, the nation’s largest asset managers, temporarily paused shareholder engagement meetings after a recent update to agency guidance.

By Lamar Johnson • Feb. 25, 2025

Bloomberg unveils climate tool focused on portfolio risk management

Bloomberg’s MARS Climate aims to help portfolio managers and investors assess and manage the financial risks associated with climate change.

By Zoya Mirza • Feb. 24, 2025

TikTok taps Climeworks for carbon removal deal

The social media giant has inked a multi-year partnership to have Climeworks remove 5,100 tons of emitted carbon dioxide from the air by 2030.

By Zoya Mirza • Feb. 21, 2025

Trump’s tariffs could raise onshore wind turbine costs by 7%, slow development: WoodMac

Wind generation deployments could be reduced by nearly a third by the end of this decade due to the tariffs, according to a Wood Mackenzie analyst.

By Emma Penrod • Feb. 21, 2025

HSBC delays net-zero emissions goal by 20 years

The U.K.-based bank said it was “revising [its] ambition” and delaying its target of hitting net-zero across its operations, business travel and supply chain from 2030 to 2050.

By Zoya Mirza • Feb. 20, 2025

Dems ask SEC, DOL to not issue anti-ESG rules: Exclusive

A coalition of 17 blue state finance officials sent a letter to the agencies to counter prior assertions made by their Republican colleagues.

By Lamar Johnson • Feb. 20, 2025

CSDDD is a ‘non-tariff barrier’ for US companies: House Financial Services Chair

Rep. French Hill said during a webinar that the Corporate Sustainability Due Diligence Directive will create costly barriers for U.S. corporations to do business in and engage with the bloc. 

By Lamar Johnson • Feb. 19, 2025

Climate change should be incorporated into ‘daily decision-making’: JPMorgan

“Understanding climate risk is important for staying ahead in the financial landscape,” JPMorgan’s chief risk officer and global head of corporate advisory wrote in a new report.

By Zoya Mirza • Feb. 19, 2025

Manufacturers’ 2025 sustainability priorities

Companies are sticking with their long-term emissions goals and strategies amid changing federal regulations.

By Michelle No • Feb. 19, 2025

Pennsylvania Gov. Shapiro sues Trump admin over IRA funding freeze

The state’s agencies have limited access to over $3.1 billion in funding for activities including distributed solar deployment, well plugging and weatherization, according to the lawsuit.

By Diana DiGangi • Feb. 18, 2025

The SEC has requested to delay climate rule arguments. What’s next?

Sustainable investing experts are not surprised by the delay and say it is expected to have minimal immediate impact.

By Lamar Johnson • Feb. 13, 2025

Sustainability is a lasting fashion statement

Brands can build consumer trust and increase shareholder value by considering ESG impacts, writes Marco Valverde, apparel national practice leader at Moss Adams.

By Marco Valverde • Feb. 13, 2025

New York loans Revel $60M to expand NYC public EV charging

NY Green Bank's president said the financial arrangement is “an important and replicable precedent” to accelerate electric vehicle charging.

By Robert Walton • Feb. 13, 2025

Office of the Comptroller of the Currency latest to exit central bank climate coalition

The OCC’s acting comptroller said participation in the Network of Central Banks and Supervisors for Greening the Financial System does not fall within the agency’s “statutory mandate.”

By Zoya Mirza • Feb. 12, 2025

Acting SEC chair asks court not to schedule climate rule arguments

“The Commission’s briefs previously submitted in the cases consolidated in the Eighth Circuit do not reflect my views,” Acting Chair Mark Uyeda said.

By Lamar Johnson • Feb. 11, 2025

HSBC taps global banking executive for chief sustainability officer role

Julian Wentzel — previously HSBC’s head of global banking for the Middle East, North Africa and Turkey — becomes sustainability chief after serving as interim CSO.

By Zoya Mirza • Feb. 11, 2025

EPA funding freeze endangers $7B Solar For All program

“We don't know how much money got out the door, we don't know how much money the administration can seek to claw back,” said Vote Solar’s executive director, Sachu Constantine.

By Diana DiGangi • Feb. 11, 2025

US state legislatures take aim at fashion’s sustainability and safety concerns

The new regulations are designed to protect workers, consumers and the environment, but there are still hurdles to face between passing the bills and implementing them.

By Siera Nezaj • Feb. 10, 2025

New Jersey judge dismisses state’s climate lawsuit against major oil companies

A state superior court judge ruled that New Jersey’s climate-related claims were preempted by federal law as state law cannot govern disputes over the impact of climate change.

By Zoya Mirza • Feb. 10, 2025