The Latest
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ExxonMobil taps Air Liquide for low-carbon hydrogen project
The industrial gasses company will invest up to $850 million to build and operate four air separation units to boost the oil giant’s Texas hydrogen project.
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ISSB aims to further streamline climate disclosures
“During the next two years, the ISSB will deliver further harmonization and consolidation of the disclosure landscape in response to market demand,” the sustainability reporting organization said.
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Corn growers file legal challenge against EPA’s trucking emissions rule
Industry groups argue that a transition to battery-powered trucks would have unintended consequences for the biofuels and agricultural industries.
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BlackRock becomes first firm on Indiana treasurer’s ESG watchlist
“Contrary to the Treasurer’s assertion, BlackRock has been singularly focused on delivering performance” for the state’s pension fund, a firm spokesperson told Sudaten.
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Unilever, Ikea, others push governments to accelerate climate action plans
The “Mission 25” group — which represents some of the world’s biggest companies, financial institutions and cities — is urging governments worldwide to align climate goals with the Paris Agreement.
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Nestlé introduces sustainably sourced chocolate brand
The confectionery offering, which uses cocoa certified by the Rainforest Alliance, will be available in airports around the world.
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Bloomberg launches CSRD data tool as reporting deadlines begin to loom
“Better data drives better investment decisions,” Bloomberg’s global head of sustainable finance solutions said in a release.
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Microsoft partners with agricultural tech company for carbon removal
The tech giant will purchase 40,000 soil-based carbon credits from Indigo Ag, a transaction the sustainable agriculture company called a “major milestone.”
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PepsiCo anticipates missing certain 2025 packaging sustainability goals
The same day the company released its ESG report acknowledging it’s unlikely to hit a 2025 packaging circular design target, the city of Baltimore sued PepsiCo and others for their “significant roles in creating a plastic pollution crisis.”
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Anti-ESG laws challenge fiduciary obligations, add significant reporting burden: PRI
The impact of anti-ESG legislative efforts is uncertain and could affect capital availability for businesses and investment vehicles that have a sustainability or social focus, experts say.
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Morningstar index targets LGBTQ+ inclusive companies
“As LGBTQ+ identities become more ubiquitous, inclusive investing will continue to develop,” the firm said in an accompanying paper.
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11th Cir. deals another blow to corporate DEI programs
The federal appellate court ruled 2-1 that a competition designed to award grants to businesses owned by Black women likely violates federal civil rights law.
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Citi calls carbon emissions report from environmental group ‘misleading’
Stand.earth reported earlier this week that the bank is a leading financier of the maritime liquefied natural gas industry, but the bank takes issue with the methodology used.
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Workiva launches sustainable solutions platform, acquires carbon accounting firm
The ESG reporting software firm said its new platform will let companies “prepare and file audit-ready financial and non-financial reports” amid growing disclosure requirements.
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Trump could roll back Inflation Reduction Act tax credits if reelected
Volkswagen and Samsung SDI leaders expressed concerns at a conference last week about the stability of the IRA should the administration change.
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Federal court dismisses ExxonMobil lawsuit against activist shareholder
Judge Mark Pittman said “second time’s the charm” for Arjuna Capital, and ruled the case to be moot following the investor’s pledge to not submit climate proposals to the energy giant.
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Q&A
How Supplier.io’s collaboration with CDP boosts supply chain transparency
Supplier.io CEO Aylin Basom said clients were asking the supply chain diversity and ESG data company for additional insights, which led the company to pursue the partnership.
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Salesforce announces spate of climate investments
The three new investments include joining a decarbonization initiative, a PPA for a 27-megawatt solar project and committing almost $4 million to climate-focused philanthropy.
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Local opposition to renewable energy projects ‘widespread and growing’: Columbia University report
The report tracks 395 local restrictions on renewable energy development, with 55 of those emerging in the last year.
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ExxonMobil’s ongoing war on ESG
The oil major is forging ahead with legal action against shareholders who pushed for climate action, despite resistance from state funds and finance officials who have rallied against its suit.
Updated June 18, 2024 -
DEI success ultimately stems from strong CEO leadership, survey indicates
While acknowledging the increased pushback regarding DEI programs, Black executives noted the importance of sustaining their initiatives.
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Gap, H&M, others join initiative to decarbonize fashion supply chain
The Future Supply Initiative will provide brands with financing models and technical support to help their suppliers transition to low carbon technologies and solutions.
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BlackRock launches ‘transition aware’ funds overseas, as it shies away from ESG in US
The climate-focused funds will be listed in the European Union and will invest at least 80% of their assets in ESG-aligned activities.
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Hershey ramps up renewable energy sourcing to slash emissions
The chocolate manufacturer increased its procurement of electricity from green sources to 80% in 2023, up from 77% in 2022 — a rise it attributed to PPAs and clean energy credits.
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EV adoption falls to its lowest point since 2021: JD Power
Meanwhile, electric vehicles are more available than they’ve ever been.