Sustainability: Page 3

  • Benzene, class action, Gill jury verdict, Pennsylvania court
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    Lanier via Getty Images
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    ExxonMobil’s $816M verdict latest in series of rulings seeking environmental justice

    No easing is in sight as companies face backlash for the impact their products have on the environment and public safety, a ruling shows. 

    By Jennifer Paley • Oct. 28, 2024
  • A person wearing a uniform and hard hat looks down at a device in their hands. Behind the person are pipes and industrial equipment silhouetted against the sunset.
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    halbergman via Getty Images
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    California’s first carbon capture and storage facility gets local approval

    The decision follows heated debate among community members about the project’s economic and health impacts.

    By Ysabelle Kempe • Oct. 28, 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
  • An aerial view of part of Climeworks' Mammoth direct air capture and storage plant
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    Courtesy of Climeworks — The Mammoth plant
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    Morgan Stanley inks carbon removal deal with Climeworks

    The deal is the financial institution’s first foray into direct air capture credit purchasing and expands Climeworks’ U.S. footprint.

    By • Oct. 25, 2024
  • Three compostable Sabert trays with chopped vegetables on a table
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    Courtesy of Sabert Corp.
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    Q&A

    5 questions for Sabert’s new chief sustainability officer

    Richa Desai discusses what it’s like to lead sustainability strategy at a private food packaging company in a changing landscape.

    By Maria Rachal • Oct. 25, 2024
  • The label on Levi's jeans
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    Sean Gallup via Getty Images
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    Denim meets decarbonization: Levi’s unveils first climate transition plan

    The denim manufacturer has committed to achieving net-zero emissions by 2050 and reducing scope 3 emissions 42% by 2030.

    By • Oct. 25, 2024
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    Chip Somodevilla via Getty Images
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    SEC slaps $4M fine on WisdomTree over greenwashing

    The Securities and Exchange Commission is fining the New York-based asset manager for falsely advertising the investment strategy of three funds to have considered ESG factors.

    By • Oct. 24, 2024
  • Shot of BlackRock building from below with company logo centered and U.S. flag visible to the right of company name.
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    Spencer Platt via Getty Images
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    BlackRock targeted for greenwashing in ClientEarth complaint

    The environmental nonprofit sent a complaint to French regulators alleging the firm is mislabeling funds as “sustainable,” despite holding $1 billion in fossil fuel investments.

    By • Updated Oct. 25, 2024
  • View of trees from corporate building
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    Fahroni via Getty Images
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    Most finance leaders believe sustainability targets out of reach: EY

    CFOs leading companies active in the U.S. and Europe face a “fluid picture” when attempting to meet regulations for sustainability reporting, EY said.

    By Jim Tyson • Oct. 24, 2024
  • An aerial view of a Texas Oil Refinery
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    Brandon Bell via Getty Images
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    NYC comptroller proposes stopping pensions’ private market investments in fossil fuels

    The funds would be the first U.S. public pension plans to have exclusions on investing in fossil fuel infrastructure like pipelines and liquefied natural gas terminals.

    By • Oct. 23, 2024
  • A model image of the Horizon aircraft
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    Courtesy of Natilus
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    Aerospace company Natilus unveils low emissions commercial aircraft

    The “Horizon” aircraft will be able to transport 200 passengers across two flight routes and is expected to hit the market in the early 2030s.

    By • Oct. 23, 2024
  • Rows of solar panels in a field.
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    adamkaz via Getty Images
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    Renewable PPA prices continue to rise — and may do so through 2030, say LevelTen, Ascend analysts

    Project delays, tariffs and a new round of supply shortages pushed renewable energy prices higher in the third quarter of 2024.

    By Emma Penrod • Oct. 23, 2024
  • A logo of the of the UNFCCC COP29 climate conference.
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    Sean Gallup via Getty Images
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    COP29 president reveals final text of nine climate-focused pledges, declarations

    Azerbaijan’s Mukhtar Babayev said the documents serve as “vital tools to drive progress on climate action” and will complement the official negotiation process at the annual UN summit.

    By • Oct. 22, 2024
  • A closeup of JPMorgan Chase's headquarters in New York.
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    Michael M. Santiago via Getty Images
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    JPMorgan hires NOAA climate scientist to lead climate advisory practice

    Sarah Kapnick rejoins the bank after a stint as the National Oceanic and Atmospheric Administration’s presidentially-appointed top scientist.

    By • Oct. 22, 2024
  • Business executive seen talking to an engineer in workwear in front of solar panels.
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    Max Kegfire via Getty Images
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    Many middle market firms in ESG ‘wait and see’ mode, RSM says

    While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.

    By Chris Gaetano • Oct. 22, 2024
  • An aerial view of a power plant with steam rising from one of four smokestacks.
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    The image by RM VM is licensed under CC BY-SA 4.0
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    Supreme Court rejects calls to put a hold on EPA power plant carbon rule

    Utilities asking the court to stay the rule included American Electric Power, Duke Energy, MidAmerican Energy, PacifiCorp and Southern Co.

    By Ethan Howland • Oct. 21, 2024
  • Climate Group CEO Helen Clarkson opens Climate Week NYC 2024 on Sept. 22, 2024 with a speech on the key principles that must shape climate action.
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    Courtesy of Climate Group
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    Climate Week NYC 2024: a retrospective on major announcements, deals

    This year’s iteration of the event spanned across 600 events in the city, congregating business leaders, key decision makers and heads of government from all over the world.

    By , • Oct. 21, 2024
  • 3d render of an American football arena with yellow goal post, grass field and blurred fans at playground view
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    master1305 via Getty Images
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    NFL stadiums face $11 billion climate risk price tag by 2050: report

    The risk would extend past Sunday kickoffs, as stadium venues are local economic hubs and often receive taxpayer funding for development.

    By • Oct. 18, 2024
  • An empty classroom with stacked tables and chairs.
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    Rodin Eckenroth via Getty Images
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    CalSTRS taps Ninety One to manage $150M sustainability mandate

    The California State Teachers’ Retirement System is appointing the investment firm’s decarbonization-focused Global Environment Strategy to oversee the mandate.

    By • Oct. 17, 2024
  • IBM Corporation Innovation Center headquarters located in Silicon Valley.
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    Sundry Photography via Getty Images
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    IBM acquires Prescinto to bolster renewable energy asset management capabilities

    The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.

    By • Oct. 17, 2024
  • A close up of Modern Meadow's leather alternative material.
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    Retrieved from Modern Meadow on October 14, 2024
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    Sustainable materials firm Modern Meadow names new CEO

    David Williamson will take on the top spot after previously serving as president and COO.

    By Laurel Deppen • Oct. 17, 2024
  • legal
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    Justin Sullivan / Staff via Getty Images
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    Meta joins DOE initiative, pledges $35M for carbon removal projects

    The tech conglomerate said the funding is a “direct response” to the Department of Energy’s carbon removal purchase program launched earlier this year.

    By • Oct. 16, 2024
  • In an aerial view, the Kayenta Solar Plant is seen on June 23, 2024 in Kayenta, Arizona.
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    Brandon Bell via Getty Images
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    JPMorgan Chase, Capital One commit $260M to Arizona solar project

    The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.

    By • Oct. 16, 2024
  • A solar panel rooftop photovoltaic installation with a city skyline in the background.
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    Funfunphoto via Getty Images
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    Real estate firm CBRE acquires NRG Energy’s renewable advisory group

    The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.

    By Joe Burns • Oct. 16, 2024
  • Rostin Behnam
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    Chip Somodevilla via Getty Images
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    CFTC issues final voluntary carbon market guidance

    The final guidance includes standards to ensure carbon credits are not subject to manipulation and have their contract terms monitored.

    By • Oct. 15, 2024
  • A technician uses a digital camera to inspect a heat exchanger.
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    Romaset via Getty Images
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    DOE allocates $43M+ to advance industrial decarbonization technologies

    The projects selected for the funding are expected to have implications for operators of industrial and commercial buildings, a U.S. Department of Energy official says.

    By Nish Amarnath • Oct. 15, 2024