Professional services firm EY has appointed Colm Devine as its new Global Vice Chair for Sustainability, responsible for leading the firm’s sustainability and climate agenda globally. Devine has been with EY for more than two decades, most recently leading the firm’s Power & Utilities Sector practice across UK & Ireland, specializing in providing clients with a range of advisory services…

Energy giant ExxonMobil filed a lawsuit in a U.S. federal court challenging new California laws requiring large companies to disclose their value chain greenhouse gas emissions and report on climate-related risks. According to the suit, ExxonMobil is asking the court to declare that California’s new climate-related reporting laws violate First Amendment free speech rights – claiming that their main goal…

TotalEnergies pushed back against “all those who want to continue accusing us of ‘greenwashing’,” following a ruling by a Paris court last week that claims made by the French energy giant on its website about its ambitions regarding its role in the energy transition and its carbon neutrality goals were likely to mislead consumers. In a statement published by the…

  In our “Sustainable Voices” series, we aim to talk with a diverse set of leaders tackling climate change and sustainability challenges, highlighting their journeys into the field and offering advice for others looking to take action.  In this installment, we spoke with Ashlee Piper, a Chicago-based sustainability expert, media personality, and best-selling author of No New Things and Give…

This week in ESG news: EU lawmakers reject deal to cut sustainability reporting & due diligence laws; GHG Protocol launches update of Scope 2 emissions reporting framework; French court rules TotalEnergies misled consumers in landmark greenwashing case; U.S., Qatar threaten EU over supply chain sustainability law; Schneider Electric launches global sustainability, energy & technology consulting business; Glass Lewis restructures proxy…

Google, infrastructure investor I Squared Capital and its decarbonization-focused portfolio company Low Carbon Infrastructure (LCI) announced the launch of a new partnership, including an agreement to develop a large-scale natural gas power plant integrated with carbon capture and sequestration (CCS) technology in the U.S., with Google purchasing most of the power generated by the project. The project marks the first-ever…

ISS Sustainability Solutions, the sustainable investment-focused business of ISS STOXX, announced the launch of Real Asset Climate Solutions, a new suite of tools aimed at enabling investors to assess and mitigate climate-related impacts in their portfolios. According to ISS, the new set of solutions was designed to support institutional investors, banks, insurers, and reinsurers to identify and manage climate risks…

The Paris Judicial Court ruled against TotalEnergies in a landmark greenwashing case today, finding that claims by French energy giant about its ambitions regarding its role in the energy transition and its carbon neutrality goals were likely to mislead consumers, and ordering the company to remove a series of sustainability claims from its website. The ruling follows a lawsuit filed…

The government of New Zealand announced a series of changes to its climate-related disclosure (CRD) regulation, including significantly raising the reporting threshold to exempt smaller companies from the scope of the compliance requirements, and reducing liability risk for company directors. New Zealand launched its CRD regime in 2021, introducing requirements for banks, credit unions, insurers and investment scheme managers with…

Sustainability-focused investment manager Mirova announced that it has reached €1.2 billion (USD$1.4 billion) in commitments at the second close of Mirova Energy Transition 6 (MET6), the sixth vintage of its flagship energy transition investment strategy. Mirova launched MET6 in 2023, following the final close of its predecessor fund, MET5, which raised €1.6 billion. Mirova said that it is targeting €2…