A coalition of 22 U.S. State Attorneys General, led by West Virginia AG JB McCuskey, announced the launch of a lawsuit filed in a Federal court challenging New York’s Climate Change Superfund Act, which would require fossil fuel companies to pay a share of the investments in infrastructure needed to adapt to climate change in New York State, proportionate to…
New California laws that will require most large U.S. companies to disclose their value chain emissions and report on climate risks and strategies survived a major legal challenge brought by the U.S. Chamber of Commerce, with a federal judge rejecting claims that the new regulations violate the constitution and extraterritoriality rules. While the judge, U.S. District Judge Otis Wright II,…
Spain-based heat pump technology platform Nido announced today that it has raised €5 million in a Seed funding round, with proceeds aimed at advancing its platform to streamline heat pump installation and transition to clean heating and cooling in the residential sector. Heat pumps are rapidly emerging as an energy efficient and climate-friendly alternative to furnaces and air conditioners, producing…
CRM solutions provider Salesforce, alongside AI community platform Hugging Face, AI developer Cohere, and Carnegie Mellon University, announced today the launch of the AI Energy Score, a new benchmarking tool aimed at enabling AI developers and users to evaluate, identify, and compare the energy consumption of AI models. The new tool comes as the rapid growth of AI by companies…
Norway-based energy company Equinor announced a substantial reduction in its renewable energy and low carbon solutions investment and development plans, citing a need to “adapt to market conditions and further strengthen value creation for shareholders.” As part of the adjustment, announced with the release of its FY 2024 results, the company said that it will slash its planned investment in…
HSBC announced the appointment of Julian Wentzel as its new Group Chief Sustainability Officer, according to an internal memo seen by ESG Today. Wentzel takes on the role after serving as interim Group Chief Sustainability Officer at HSBC following the departure in late 2024 of the bank’s prior CSO Celine Herweijer. Herweijer left the bank shortly after a restructuring decision…
Supply chain risk and performance management solutions provider Achilles announced the launch of Achilles Analytics, a new tool aimed at enabling companies to meet increasing supply chain sustainability regulatory reporting and compliance requirements. According to Achilles, the new solution simplifies management and reporting of validated supplier data collected through the Achilles supply chain due diligence process, allowing companies to track…
This week in ESG news: Google joins growing list of companies to abandon DEI goals; €6 trillion investor coalition warns against watering down EU sustainability reporting rules; IKEA accelerates program to help suppliers switch to 100% clean energy; LEGO to ramp up use of solar to power operations; Google invests over $100 million in carbon removal; EU sustainable finance advisors…