New program to help fashion brands navigate EU’s sustainability legislation

Nonprofit Fair Wear will launch the HRDD Academy to assist global garment and footwear brands meet the demands of the EU’s Corporate Sustainability Due Diligence Directive and other frameworks.

By Laurel Deppen • Oct. 1, 2024

Morgan Stanley secures $750M for climate-focused private equity fund

The 1GT fund aims to collectively avoid or cut one gigaton of carbon dioxide equivalent emissions from the Earth’s atmosphere by 2050.

By Zoya Mirza • Sept. 30, 2024

Explore the 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

Results show carbon capture’s alleged promises are full of hot air

The happy-talk DOE press information says nothing about the difficulties associated with building a first-of-its kind technology and hooking it up to a large-scale electric generator.

By Dennis Wamsted • Sept. 30, 2024

Schneider Electric’s building decarbonization tool aims to ease regulatory compliance

The new calculator allows building owners and operators to simulate energy-saving retrofits and evaluate their impact on emissions to aid compliance with laws such as New York City’s Local Law 97, the company says.

By Nish Amarnath • Sept. 30, 2024

Transparency on carbon credits’ quality is ‘critical’ for reducing corporate emissions, experts say

Verra CEO Mandy Rambharos said companies purchasing carbon credits should be able to understand where those credits come from and feel confident listing it as a decarbonization investment.

By Zoya Mirza • Sept. 27, 2024

EPA warns landfill owners to meet gas monitoring and collection obligations amid noncompliance

The federal agency issued alerts that revealed its findings from over 100 inspections. It noted the climate impact of failing to control methane pollution and warned landfill owners that the agency would hold them accountable. 

By Jacob Wallace • Sept. 27, 2024

White House backs $1B EV supplier fund

Monroe Capital’s managed fund is focused on helping small- and medium-sized auto manufacturers transition to electric vehicle production.

By Kate Magill • Sept. 27, 2024

Now is the time to ‘lean into’ decarbonizing transportation sector: Biden climate advisor

Cutting transportation sector emissions would have both public health and climate benefits, Ali Zaidi, a national climate policy advisor for the Biden administration, said at Climate Week NYC.

By Lamar Johnson • Sept. 26, 2024

CEOs face hurdles in meeting net-zero targets due to decarbonization challenges: KPMG

CEOs pointed to the complexity of cutting supply chain emissions and implementing sustainable solutions as challenges affecting their net-zero target strategies.

By Suman Bhattacharyya • Sept. 26, 2024

Climate lawsuits against largest fossil fuel producers have almost tripled, report finds

Oil giants like ExxonMobil and Shell are increasingly facing lawsuits regarding their alleged culpability for climate change-related damages and engagement in misleading advertising.

By Lyle Moran • Sept. 25, 2024

How a 2nd Trump administration could ‘jeopardize’ Inflation Reduction Act climate funds

If elected, could Donald Trump claw back or withhold funds from communities? Experts from Columbia University’s Sabin Center for Climate Change Law offer insight.

By Ysabelle Kempe • Sept. 25, 2024

Climate Week NYC 2024 kicks off with carbon removal deals, green banking coalition

The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.

By Lamar Johnson • Sept. 24, 2024

Most global banks unprepared for climate change risks: report

A majority of banks lack clear climate adoption strategies, a Climate X survey of 50 of the world's largest commercial banks found.

By Suman Bhattacharyya • Sept. 24, 2024

Lawsuits from California AG and others take aim at ExxonMobil’s chemical recycling claims

The oil giant is facing a pair of coordinated lawsuits that collectively allege deceptive marketing, concealment of harm, and violations of nuisance and unfair competition laws.

By Maria Rachal • Sept. 24, 2024

State Street reduces support for E + S proposals, following other Big Three asset managers

State Street supported 6% of environmental and 7% of social proposals in the 2024 proxy season, confirming the nation’s largest asset managers all supported fewer such proposals than in 2023.

By Lamar Johnson • Sept. 23, 2024

Clean energy a ‘big winner’ as Fed cuts interest rates more than expected

Renewable energy projects are “very sensitive to the cost of capital,” particularly for capital-intensive technologies like offshore wind, said Mona Dajani, a partner at Baker Botts.

By Diana DiGangi • Sept. 23, 2024

How Lilly’s sustainability goals come face to face with massive growth

Eli Lilly’s head of ESG is maintaining a focus on sustainability even as the company’s expansion plans in weight loss drive a larger footprint and more social scrutiny.

By Michael Gibney • Sept. 23, 2024

COP29 president unveils climate action agenda with no mention of fossil fuel phase out

Though the agenda introduced a spate of environmental initiatives, it lacked any direct mentions of transitioning away from fossil fuels, a goal set during COP28.

By Zoya Mirza • Sept. 20, 2024

House GOP passes pair of anti-ESG bills targeting ‘woke’ investment policies

House Republicans passed a pair of bills this week aimed at pension funds and the Securities and Exchange Commission that Rep. Juan Vargas, D-Calif., said are “going nowhere” in a Democrat-controlled Senate.

By Lamar Johnson • Sept. 20, 2024

$29 trillion investor coalition urges governments to tackle climate crisis ahead of COP29

A coalition of over 530 financial institutions is urging policymakers to “take robust action” on climate change, including mandating climate-related disclosures and boosting sustainable investments.

By Zoya Mirza • Sept. 19, 2024

US solar panel manufacturing jumps fourfold after Inflation Reduction Act

The sector is enjoying massive production investment thanks to the clean energy law, even as it contends with heightened tariffs.

By Joelle Anselmo • Sept. 19, 2024

Under 25% of Vanguard’s 2024 proxy pilot participants chose ESG-centered policies

The program’s third-party ESG policy option was particularly popular with investors of one of the firm’s ESG funds, though just under a quarter of pilot participants picked the option overall.

By Lamar Johnson • Sept. 18, 2024

JBS unlocks renewable gas production at US beef and poultry plants

With help from GreenGasUSA’s on-site systems, the Brazil-based meat giant plans to transform methane from its wastewater streams into sustainable fuel.

By Nathan Owens • Sept. 18, 2024

Real estate firm CBRE curbs scope 1, 2 emissions by 24% since 2019

Its scope 1 emissions rose almost 16% since 2022 due to increased mileage across its vehicle fleet, which it looks to fully electrify by 2035, according to CBRE’s 2023 corporate responsibility report.

By Joe Burns • Sept. 18, 2024

Occidental’s 1PointFive secures up to $500M from DOE for carbon removal

The Department of Energy’s Office of Clean Energy Demonstrations will provide the funding to develop a direct air capture hub which can remove 500,000 metric tons of carbon dioxide annually.

By Zoya Mirza • Sept. 17, 2024