The Latest
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Where Climate Action 100+ stands after member exodus, GOP probes
The investor-led group has lost out on a few notable members this year amid heightened scrutiny surrounding ESG and climate initiatives.
Updated Dec. 17, 2024 -
Texas AG sues 3M, DuPont over PFAS-linked products
Texas Attorney General Ken Paxton alleged that the companies marketed products containing the forever chemicals as safe, despite knowing of potential harms for over 50 years.
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Supply chains of over 100 fashion brands linked to oil, gas fracking in Texas
Stand.earth identified 107 fashion companies — including H&M, Puma and Adidas — that use textile materials generated by petrochemicals linked to the Permian Basin in a new report.
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Opinion
The EV transition is taking time. That’s expected.
If all new car sales right now were EVs — a target for more than a dozen states by 2035 — it would still take at least a decade and likely far longer to fully transition to electric vehicles.
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E+S proposals grew over decade alongside anti-ESG submissions: report
“Investors show little to no interest in proposals that advocate a political viewpoint without demonstrable economic relevance,” proxy advisory firm ISS-Corporate said in an analysis.
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Appeals court rejects Nasdaq effort to boost director diversity
The Fifth Circuit found that the Securities Exchange Act doesn’t allow a stock exchange to require listed companies to report directors’ race and gender.
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CBRE’s climate transition strategy targets supply chain, efficiency actions
Measures to decarbonize include working with clients and suppliers to reduce emissions, which would help decrease its large share of scope 3 emissions, the real estate firm said.
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California to ease enforcement action on climate rules for first year of reporting
The California Air Resources Board said it would “not take enforcement action” on entities subject to Senate Bill 253 for incomplete reporting during the first reporting cycle due 2026.
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Court blocks Target’s attempt to move, dismiss DEI-related shareholder suit
The lawsuit argued that Target’s “DEI/ESG mandates” had a “known risk of adverse customer reactions,” and should have therefore been disclosed in investor statements.
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The AI paradox: Energy-hungry technology could speed clean energy transition
“I really think the climate case for AI needs to be made,” said Neil Chatterjee, a former chairman of the Federal Energy Regulatory Commission.
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Meta signs quartet of solar purchase agreements with Invenergy
The four contracts are expected to provide the tech and social media giant with 760 megawatts of clean energy.
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Google, Intersect Power to develop energy parks with $20B of renewables, storage
The tech giant has tapped the clean energy developer to provide renewable power to its planned, co-located data centers in the energy parks, which aim to ease power grid constraints.
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37 major stadiums in US, Europe face $800M in potential climate-related losses by 2050, study finds
U.S. venues face significantly higher hazard exposure risks, according to Climate X’s analysis, with three of the six most exposed venues in Florida.
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Goldman Sachs exits Net-Zero Banking Alliance
The bank said it would remain “focused on the increasingly elevated sustainability standards and reporting requirements imposed by regulators around the world.”
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Shein launches independent advisory boards for ESG, corporate responsibility issues
The groups will work with the fast fashion company’s leaders on how to reach the commitments it laid out in its EvoluSHEIN plan.
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Rivian to open its charging network to all EV drivers
The move follows Tesla’s decision to open its Superchargers to other automakers to improve public access and promote EV adoption.
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Q&A
What’s driving governance support as E+S approval dips: Diligent Market Intelligence
“Investors are increasingly focused on good governance and are taking basic governance structures quite seriously,” Diligent’s Editor In Chief Joshua Black told ESG Dive.
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Catona Climate, Compassionate Carbon team up to boost nature-based projects
The collaboration aims to restore and protect vast land areas across the Global South and remove millions of tonnes of carbon dioxide from the atmosphere.
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Environmental scorecard improves for viscose, rayon manufacturers
More than half of the global producers of manmade cellulosic fiber achieved positive marks from Canopy, but the nonprofit group said there’s still work to be done.
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L’Oréal Groupe spearheads supplier decarbonization fund
The Solstice program will help small and medium-sized enterprises access funding to advance scope 3 commitments.
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COP29
COP29: What the conference offered climate activists, developing nations this year
A retrospective on what the annual climate summit offered the over 55,000 delegates and negotiators that descended onto Baku, Azerbaijan.
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DEI failures contributed to a drop in stock prices, Lululemon shareholder alleges
Lululemon’s DEI initiative was “misguided” and its structure raised ethical concerns, the shareholder said in a derivative action lawsuit filed on behalf of the company.
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Trump’s SEC pick sparks concern from ESG, climate experts
The president-elect picked Paul Atkins for Securities and Exchange Commission chair, who experts expect to prioritize maximizing corporate returns over ESG considerations.
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Net-Zero Asset Owner Alliance calls for mandated scope 3 emissions disclosures
The UN-convened alliance also included a number of actions asset owners can immediately take to overcome current accounting challenges.
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Meta seeks up to 4 GW of new nuclear power to help meet AI, sustainability objectives
The Facebook and Instagram parent aims to deploy new nuclear generation capacity to power its data centers beginning in the early 2030s, it said Tuesday.