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ESG: The Tidal Wave Hitting Businesses in 2022

By Dean Amhaus  Photo: Clay Banks   03/22/22  
A growing tidal wave hitting businesses can be summarized in three letters – ESG. The environmental, social and governance investing movement may not have fully grabbed the public’s attention – yet – but it is…

Why the SEC’s New Climate Rules Could Divide Corporate America

By Justin Worland  Photo: Giles Clarke, Getty Images   03/22/22  
Even couched in wonky, legalistic language, the difference in tone between the American Bankers Association (ABA) and the American Petroleum Institute (API) is hard to miss. Last year, following a request for feedback from the…
NPR

The SEC wants companies to disclose how climate change is affecting them

By David Gura  Photo: Olivier Douliery/AFP via Getty Images   03/21/22  
Every year, public companies in the U.S. are required to provide investors and regulators with detailed data about their financial performance and the risks they face. Soon, they may also have to disclose information about…

For This Company, Its Single-Use Plastics Target is Zero

By Gary E. Frank   03/18/22  
In response to growing consumer demand for products that help reduce waste, Target recently launched Target Zero, a collection of products intended to reduce single-use packaging.

SEC plans to force public companies to disclose greenhouse gas emissions

By Douglas MacMillan and Maxine Joselow  Photo: San Francisco Chronicle/Hearst Newspapers   03/15/22  
From Coca-Cola to Tesla, companies report emissions in widely different ways. A new federal rule is expected to standardize climate disclosures, putting the U.S. on closer footing with other countries.

Microsoft’s Pursuit of Climate Goals Runs Into Headwinds

By Peter Eavis  Photo: Gabriela Bhaskar , The New York Times   03/10/22  
Microsoft has an ambitious plan to cut its carbon emissions. But on Thursday, the company reported a big increase in the greenhouse gases emanating from its operations and its products, a reminder of the challenges…

Inside Walmart’s climate and sustainability strategy

By Jennifer Overstreet   03/01/22  
As one of the largest and most influential retail companies in the world, what Walmart says and does about sustainability makes a big impact. On this week’s episode of the Retail Gets Real podcast, Walmart…

What’s Driving Insurers to Prioritize ESG Investments?

By Jonathan McGoran   02/23/22  
A recent survey of 280 decision makers at U.S.-based life/annuity and P&C insurers shows increased attention and commitment to aligning investments with Environmental, Social and Governance (ESG) goals.

Top companies are undermining their climate pledges with political donations, report says

By Maxine Joselow  Photo: Andrew Kelly , Reuters   02/23/22  
Good morning and welcome to The Climate 202! We have a newsy edition today featuring the energy implications of Russian aggression against Ukraine and the findings of an International Energy Agency report on methane emissions.

Salesforce Tackles Net Zero Credibility As It Adds Sustainability As A Fifth Core Value

By Felicia Jackson   02/16/22  
While debate is rife around the credibility of net zero targets, Salesforce has announced that it is adding sustainability to its existing core values, alongside a suite of offerings to help clients address their own…

Here’s what Super Bowl ads say about climate change

By Kyla Mandel  Chart: Elijah Wolfson and Kyla Mandel   02/14/22  
Toyota debuted its hybrid Prius for the first time at the Super Bowl in 2005, calling it “good news for planet Earth.” In 2006, there were two Super Bowl ads for new hybrids: one for…

Europe’s biggest banks fund oil and gas firms despite net zero pledges

By Jasper Jolly  Photo: Rodger Bosch/AFP/Getty Images   02/14/22  
Europe’s biggest banks led by HSBC, Barclays and BNP Paribas have provided £24bn to oil and gas companies that are expanding production less than a year since pledging to target net zero carbon emissions, data…

CDP Warns Supply Chain Action Lags Despite $5.5 Trillion In Purchasing Power Aligned With Climate Goals

By Felicia Jackson  Photo: Sean Gallup , Getty Images   02/10/22  
Over 200 major buyers worldwide, with $5.5 trillion in procurement spending, requested 26,813 suppliers of their suppliers to disclose climate impacts in 2021 but less than half responded. CDP’s latest research warns these numbers aren’t…

Major companies largely fail net zero climate pledge test

02/07/22  
The headline climate pledges of 25 of the world’s largest companies in reality only commit to reduce their emissions by 40% on average, not 100% as suggested by their “net zero” and “carbon neutral” claims,…

Walmart Expands Sustainability Effort by Investing in Vertical Farming Company

By David Worford  Photo: Walmart   02/07/22  
The investment is part of a $400 million round of Series E funding for Plenty, which uses vertical farming architecture that combines engineering, software and sustainable crop science to grow multiple crops on one platform.…

IKEA buys land damaged by hurricane in Florida to plant forests

By Reuters/terray Sylvester  By Anna Ringstrom   01/26/22  
Ingka Group, the owner of most IKEA furniture stores worldwide, has bought more land in the United States as part of a long-term commitment to responsible forest management, it said on Thursday.

Superstores can meet half their electricity needs with rooftop solar, says a new report

By Tik Root   01/20/22  
Expansive, flat and abundant, the rooftops of big-box stores in the United States could produce enough solar energy to meet half their electricity needs, according to a report released Thursday. Walmart leads the way in…

Citigroup sets rare hard target to reduce energy-sector emissions

By Ross Kerber  Photo: Reuters/Andrew Kelly   01/20/22  
Citigroup Inc (C.N) on Wednesday laid out goals for corporate borrowers to cut emissions that included a rare "absolute reduction" target for companies in the energy sector by the end of the decade. Citi said…
BBC

The environmental case for buying a coal mine

By Richard Fisher  Photo: Sean Gallup   01/19/22  
One day, the Swedish energy company Vattenfall decided to divest itself from a particularly dirty form of coal extraction in Germany, so it advertised that its mines were for sale. It would get an offer…

It’s Time to Hold Law Firms Accountable for Their Role in Climate Change

By Leehi Yona and David Cremins  Photo: Michael Nigro / Getty   01/12/22  
For too long, law firms have been given carte blanche for their contributions to the climate crisis: They lobby on behalf of the fossil fuel industry, file the paperwork necessary for carbon-emitting projects, and litigate…

New York Could Make History With a Fashion Sustainability Act

By Vanessa Friedman  Photo: Jutharat Pinyodoonyachet   01/07/22  
Last September, as New York Fashion Week was taking place for the first time in a year, Kathy Hochul, the new governor, sat front row at the Prabal Gurung show, marking a fresh era in…

Here’s How Climate Change Crisis Could Impact Business Operations And Policies In 2022

By Edward Segal  Photo: Getty Images   01/01/22  
The climate change crisis, which continues to worsen, is expected to have a greater impact on the operations and policies of companies and organizations this year. Here’s how experts and observers think that will happen.

With 17,000 Companies Worth $21 Trillion Failing To Report Environmental Impact, It’s Time To Connect Commitment To Action

By Felicia Jackson  Photo: Getty Images   12/16/21  
The latest research shows that a record 13,000+ companies reported environmental data through CDP in 2021. Only 2%, or 200 companies, gained an A grade and nearly 17,000 worth $21 trillion are still failing to…

Amazon procures over 1 GW of U.S. solar projects

By Tim Sylvia  Photo: Elliot Brown , Wikimedia Commons   12/02/21  
Alongside Amazon’s update that the company has now invested in 274 utility-scale renewable energy projects globally, the company also announced 18 new projects that it has procured in the United States and Europe, including eight…

As More Companies Make Net-Zero Pledges, Some Aren’t as Good as They Sound

By Eloise Barry  Photo: WIktor Szymanowicz—NurPhoto/Getty Images   11/15/21  
At COP26, the U.N. climate summit in Glasgow, governments and businesses put forward ambitious-sounding plans to de-carbonize. But a closer look beneath the surface shows many corporate “net-zero” plans are not nearly as good as…

Bill Gates’s latest big climate investment is . . . milk

By Adele Peters  Photo: Neutral   10/27/21  
On the front of a carton of milk from the Portland, Oregon-based brand Neutral, above the brand name, the package has a short message in large print: “This milk fights climate change.” On its website,…

Supply chain woes continue to crimp Tesla’s vehicle, energy business

By Jason Plautz  Photo: Xiaolu Chu via Getty Images   10/25/21  
Tesla's Q3 energy storage deployments jumped 71% to 1.3 million MWh from the year-ago period, bolstered by sales of the utility-scale Megapack product, according to the company's third quarter earnings report. Storage deployments inched up 1.6%…

Harpercollins publishers commits to becoming carbon neutral in direct emissions in 2022

By Erin Crum   10/19/21  
HarperCollins Publishers today announced a global commitment to becoming carbon neutral for its direct operational emissions in 2022. In order to meet this goal, HarperCollins has appointed award-winning sustainability strategy consultancy Brite Green to develop…

Amazon’s new net-zero carbon pledge is focused on the oceans, as shipping giants pursue alternative fuels

By Alicia Doniger  Photo: Lucy Nicholson | Reuters   10/19/21  
Amazon and IKEA are among the major companies pushing the ocean shipping industry to adopt zero-carbon fuel sources for vessels by 2040. Marine shipping accounts for 1 billion tons of carbon emissions per year, according…

Amazon, Ikea and other big companies commit to zero-emission shipping by 2040

By Hamza Shaban  Photo: Seth Wenig/AP   10/19/21  
In an effort to reduce greenhouse gas emissions in global trade, a coalition of companies that includes Amazon and Ikea has pledged to use only ocean shippers that use zero-carbon fuel by 2040.

Facebook Moves to Stop Illegal Sale of Amazon Rainforest on Marketplace

By Matt Alderton  Photo: Ildo Frazao / Getty Images   10/15/21  
From designer baby clothes and classic cars to antique furniture and name-brand electronics, you can find treasures and bargains galore on Facebook Marketplace, the online bazaar where Facebook users sell new and used goods to…

Are Tesla and Texas a Perfect Match? It’s Questionable.

By Niraj Chokshi, Clifford Krauss and Ivan Penn  Photo: Matthew Busch for The New York Times   10/13/21  
Tesla’s move from Silicon Valley to Texas makes sense in many ways: The company’s chief executive, Elon Musk, and the conservative lawmakers who run the state share a libertarian philosophy, favoring few regulations and low…

Google pushes sustainability, from new eco routes to Nest features

By Andrew Freedman  Photo: Google   10/06/21  
Google unveiled a suite of sustainability features focused on giving consumers more information so they can choose to cut their greenhouse gas emissions. Driving the news: The product rollout this morning will immediately be noticeable…

Big Business Is Bankrolling an Effort to Kill the Democratic Climate Bill

By Robinson Meyer  Photo: Lukas Schulze / Getty   10/01/21  
The trade group that represents Apple, Walmart, Nike, and dozens of other companies is trying to kneecap the U.S.’s final chance to meet its 2025 climate goals.

Apple and Disney among companies backing groups against US climate bill

By Oliver Milman  Photo: Mike Segar/Reuters   10/01/21  
Some of America’s most prominent companies, including Apple, Amazon, Microsoft and Disney, are backing business groups that are fighting landmark climate legislation, despite their own promises to combat the climate crisis, a new analysis has…

Early lessons from Microsoft’s climate push

By Ben Geman  Photo Illustration: Pavlo Gonchar   10/01/21  
Microsoft's early finance of carbon removal projects as part of its wider climate pledge has revealed hurdles that must be overcome to enable large-scale deployment of the technologies. Driving the news: Microsoft officials and other…

Microsoft’s million-tonne CO2-removal purchase — lessons for net zero

By Lucas Joppa and others  Photo: Julia Dunlop/Climeworks   09/29/21  
n January this year, Microsoft made a major announcement: it had paid for the removal of 1.3 million tonnes of carbon dioxide from the atmosphere. Among its purchases were projects to expand forests in Peru,…

Big Tech Claims to Care About Climate Action, So Why Don’t They Lobby For It?

By Tina Casey   09/22/21  
The top five U.S. tech companies have been getting high marks for helping to drive the market for renewable energy, clean vehicles, and other technologies aimed at cutting their carbon footprint. However, Big Tech's influence…

Microsoft’s new campus will run on geothermal energy – but what exactly is it and can it really help combat climate change?

By World Economic Forum   09/14/21  
Microsoft is using geothermal energy from deep underground to power its new sustainable campus in the United States. The computing giant is building 93,000 square metres of new workspace on 29 hectares of its Redmond…

Microsoft tweets concern for Ida victims while funding climate deniers in Congress

By Emily Atkin  Photo: Twitter   09/07/21  
The world's second-largest company is still bankrolling climate deniers' re-election campaigns, and defending the practice.

Biden wants to pay farmers to grow carbon-capturing crops. It’s complicated

By Helena Bottemiller Evich And Ryan Mccrimmon   07/29/21  
President Joe Biden’s goal of paying farmers and ranchers to help battle climate change is running into the reality of how complicated and costly it will be. Six months into the administration, officials have yet…

Walmart, Ikea, and Amazon have a dirty shipping problem

By Justine Calma  Photo: Mario Tama/Getty Images   07/20/21  
Giant retailers, including Amazon and Ikea, have pledged to go green, but their shipping is still pretty dirty. Now shoppers can now see how much pollution some of the biggest retail companies in the US…

Partnering for action on climate change

By Zoe Haseman   07/19/21  
In 2021, the world’s attention has shifted toward the global drive to net zero, with the United Nations describing it as a “make or break year” for action on climate change. In 2020, net zero…

Corporate Giants Have Been Lobbying Against Their Own Emissions Targets

By Emily Pontecorvo  Photo: MileHighTraveler/Getty   07/18/21  
Corporate America has made a slew of pledges to reduce its emissions over the past few years. Today, 92 percent of the companies on the S&P 100, an index of leading U.S. stocks, have announced…

How Financial Institutions Can Help Combat Climate Change

By TechFunnel Contributors   07/15/21  
There is often an assumption held by ordinary people that finance and positive environmental change are oxymorons. that the finance industry exists to serve the bottom line and nothing else. This has slowly been changing…

Big Tech Versus Big Oil: Showdown Over Clean Energy Standards?

By Bill Weihl   07/15/21  
The issue of Clean Energy Standards (CES), a cornerstone of the Biden climate/infrastructure plan, is emerging as a bellwether on climate policy.  For years, climate-positive Big Tech firms have tackled sustainability in company operations, but…

Too few companies advocate for climate-friendly policies despite lofty goals: report

By Chris Teale  Photo: Stefani Reynolds / Stringer via Getty Images   07/13/21  
Of the United States' top 100 companies, only 40% lobby lawmakers at the state and federal level for climate-friendly legislation despite setting lofty sustainability goals, according to a new report.

How the Climate Conversation Changed in 2021

By Andrew Zolli   07/13/21  
This is the most important year for climate action since the Paris Climate Agreement was passed in 2015. National governments are strengthening their national climate action plans; companies, cities and communities are setting more ambitious…

Top US companies pledge to cut emissions, but most don’t push for climate action

By Karin Rives   07/13/21  
Although 50 of the largest 96 corporations in the U.S. now publicly support the Paris Agreement on climate change, only 40% of those 50 companies have actively been lobbying lawmakers on the importance of science-based…

How business can build people-powered climate action

By César Ortiz-Sotelo   07/07/21  
There is a growing desire among citizens to engage in climate action. By engaging their stakeholders in effective and meaningful action, companies can hasten our collective journey to net zero.