Sustainability: Page 4

  • The ExxonMobil logo displayed at its campus in Houston, Texas.
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    Brandon Bell via Getty Images
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    ExxonMobil, Texas ink deal for nation’s largest offshore CO2 storage site

    The deal will allow the energy giant access to more than 270,000 acres of submerged land to store carbon dioxide under the surface of the Gulf of Mexico.

    By • Oct. 14, 2024
  • California's Attorney General Rob Bonta speaks at a press conference.
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    Justin Sullivan via Getty Images
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    Big Oil loses bid to dismiss California greenwashing lawsuits

    The Superior Court of San Francisco County denied a motion filed by major oil producers to dismiss climate-related suits filed in California based on the court lacking “personal jurisdiction.”

    By • Oct. 14, 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
  • The Amazon logo is displayed on the exterior of an Amazon delivery station on November 28, 2022 in Alpharetta, Georgia.
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    Justin Sullivan / Staff via Getty Images
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    Amazon announces trio of climate fund investments for e-waste, low-carbon construction

    The tech giant’s climate pledge fund participated in funding rounds for startups it believes will accelerate its path to net-zero by 2040.

    By • Oct. 11, 2024
  • Mukhtar Babayev, COP29 President-Designate, speaks on stage.
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    Sean Gallup via Getty Images
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    CEOs from Ikea, Nestlé, H&M, others rally for climate action ahead of COP29

    The letter, signed by senior executives from over 100 corporations, calls on governments and businesses to collaborate to address challenges related to climate risk mitigation.

    By • Oct. 11, 2024
  • Aerial shot of people inside a large indoor space. People sit on folding chairs and lay on mats on the floor.
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    Nathan Howard via Getty Images
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    Gas utility faces climate deception lawsuit by Oregon county

    It's the first time a U.S. community has sued a gas utility for allegedly deceiving the public about the climate impacts of fossil fuels, advocates say.

    By Ysabelle Kempe • Oct. 11, 2024
  • Climate change protestors are seen marching.
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    Asanka Ratnayake via Getty Images
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    Greenwashing cases fall for first time in 6 years, but high-severity filings surge: report

    “There's certainly a global undercurrent of ‘greenhushing,’ so companies are being more cautious about how they communicate,” RepRisk’s chief commercial officer said.

    By • Oct. 10, 2024
  • A close-up of an Uber app.
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    Matthew Horwood/Getty Images via Getty Images
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    Uber rolls out climate-focused features, updates to drive sustainability progress

    The ride-share giant’s expanded green product suite will allow users to hail more electric vehicles and track the amount of emissions they avoid by choosing sustainable transport options.

    By • Oct. 10, 2024
  • Conceptual image of green server room.
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    imaginima via Getty Images
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    Opinion

    4 ways tech can help CFOs navigate a tricky ESG landscape

    This year has marked the beginning of a groundswell of enhanced, regulated reporting on sustainability and climate data, writes Persefoni’s Emily Pierce.

    By Emily Pierce • Oct. 10, 2024
  • Transport trucks and cars drive down a highway with windmills in the background
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    David McNew via Getty Images
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    US energy transition path currently in line with 2.6 degrees Celsius temperature rise: BNEF

    The nation is currently on track to cut just 22% of its carbon emissions by 2030, compared to the 50% needed to reach its Paris Agreement goals.

    By • Oct. 9, 2024
  • A farmer holds a coffee plant bearing fruit
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    Courtesy of Starbucks
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    Starbucks buys more innovation farms to create climate-proof coffee

    Farmers in Costa Rica and Guatemala will test drones and hybrid crop varieties as the coffee company aims to address some of the region’s most pressing climate challenges.

    By Sarah Zimmerman • Oct. 9, 2024
  • A female engineer squats down to inspect and control the cooling system of a large factory air conditioner
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    Panupong Piewkleng via Getty Images
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    Skills gap looms for energy efficiency jobs tied to net-zero emission goals: IEA

    Dialogue among policymakers, employers and labor unions will play a critical role in training workers for skills relevant to the jobs being offered, a new International Energy Agency report says.

    By Nish Amarnath • Oct. 9, 2024
  • The Wall Street street sign is visible in the foreground with a picture of a trader in front of the stock market on the left of the sign. Three american flags are out of focus in the background.
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    Spencer Platt via Getty Images
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    US banks largely lagging on implementing best practices for net-zero: Exclusive

    “What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.

    By • Oct. 8, 2024
  • A large screen at an event shows a bubble graph of words that consumers believe makes a brand sustainable.
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    Katie Pyzyk/ESG Dive
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    Consumers are confused by packaging sustainability claims

    Between greenwashing, confusing terminology and a lack of information, a lot gets lost in translation, according to speakers from the National Retail Federation, NielsenIQ and others at recent industry events.

    By Katie Pyzyk • Oct. 8, 2024
  • Coal falls off a conveyor belt onto a larger pile of coal. Multiple mounds of coal can be seen.
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    George Frey via Getty Images
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    Carbon footprint of 21 private equity firms exceeds pre-pandemic global flight emissions

    Two-thirds of the energy companies included in the portfolios of these private equity firms are invested in fossil fuels assets, which collectively emit 1.17 billion metric tons of CO2 equivalent annually.

    By • Oct. 7, 2024
  • A conference participant walks past a spinning representation of Planet Earth during the UNFCCC COP27.
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    Sean Gallup via Getty Images
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    How asset managers can integrate climate into their investment decisions: State Street, Impax

    The report shows that “understanding and managing climate change’s impact on portfolios is core to delivering attractive investment returns and cannot be ignored,” Impax CEO Ian Simm said.

    By • Oct. 7, 2024
  • A facade of a sustainable glass office building with a tree for reducing carbon dioxide.
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    Fahroni via Getty Images
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    Sustainability spending tops US corporate agenda amid decarbonization hurdles: Carrier

    Corporate focus on sustainability has increased despite economic headwinds and legislative uncertainty. Yet, many organizations face roadblocks from financial access to workforce shortages, experts say.

    By Nish Amarnath • Oct. 7, 2024
  • corporate activism backlash, Tom Lin, Temple Univ.
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    Andrew Burton via Getty Images
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    BlackRock scores win in ex-employee’s suit alleging discrimination in pursuit of DEI, ESG

    A federal judge found that the former equity trader failed to provide evidence he was fired for being a white, heterosexual male and not for violating the firm’s COVID-19 vaccination policy.

    By • Oct. 4, 2024
  • A child walks among a row of red Ferrari cars on display.
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    Jack Taylor via Getty Images
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    Ferrari shutters gas-fueled plant to slash carbon emissions

    The Italian carmaker closed its Maranello trigeneration plant this week in a bid to reduce its methane gas consumption and pivot to cleaner energy sources.

    By • Oct. 3, 2024
  • Close-up shot of a food container with film that says recyclable.
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    K Neville via Getty Images
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    Deep Dive

    Hush-hush: Is greenwashing pushback prompting pivot to ‘greenhushing’?

    Companies must focus on data and transparency to back their sustainability claims instead of resorting to silence, or exaggerations, said sources from groups such as the U.S. Plastics Pact, Glass Packaging Institute and McCormick & Co.

    By Katie Pyzyk • Oct. 3, 2024
  • Picture of Shein office lobby.
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    Courtesy of Shein
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    Shein faces greenwashing investigation in Italy

    The Italian Competition Authority is accusing the fast fashion giant of posting misleading sustainability claims on its website.

    By Laurel Deppen • Oct. 3, 2024
  • California Gov. Gavin Newsom
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    Justin Sullivan via Getty Images
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    California Gov. Newsom greenlights climate disclosure acts by signing new bill

    Senate Bill 219 includes a series of amendments to climate bills SB 253 and SB 261, originally approved by Newsom last October, while retaining a 2026 start date.

    By • Oct. 2, 2024
  • Democrat AGs Rob Bonta, Letitia James, Kris Mayes, Keith Ellison and Matthew Platkin at a Climate Week NYC event hosted by Ceres.
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    Lamar Johnson/ESG Dive
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    Dem AGs: ‘We were on the verge of losing this messaging battle’ on ESG

    “We're pushing back because the Republicans are rewriting reality, trying to voice the false narrative on business … and we can’t stand for that,” California AG Rob Bonta said.

    By • Oct. 2, 2024
  • A facade of Siemens' facility in Wendell, North Carolina
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    Permission granted by Siemens
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    Siemens’ free web tool aims to simplify decarbonization for commercial, industrial businesses

    The Decarbonization Business Optimizer provides baseline carbon assessments supported by datasets from federal agencies such as DOE and the EPA, Siemens Financial Services says.

    By Nish Amarnath • Oct. 2, 2024
  • Business professionals attending business conference and networking.
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    SolStock via Getty Images
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    ESG and sustainability conferences to watch in 2025

    Early agendas for 2025 events show a growing focus on decarbonizing data centers, as well as increasing climate financing and aligning ESG standards.

    By , • Oct. 1, 2024
  • The European Union flag.
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    artJazz via Getty Images
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    European Commission warns 17 member states to incorporate CSRD into national law

    The Commission will not be able to achieve the “necessary level” of reporting harmonization without the full incorporation of the directive across the EU, it said last week.

    By • Oct. 1, 2024