Anti-ESG legislators’ interpretation of US DOL rule “inconsistent” with its historical guidance. Proposed Republican legislation seeing to reinstate the Trump administration’s ‘pecuniary/non-pecuniary’ rules related to the incorporation of ESG factors in pension fund investments and proxy voting will not pass the Senate, experts told ESG Investor. Earlier this month, the House Committee on Education and Workforce introduced four bills –…
LyondellBasell Launches Line of Low Carbon Materials to Help Businesses Meet Emissions Reduction Goals
Chemical company LyondellBasell today announced the launch of its +LC (Low Carbon) solutions, a new range of chemicals produced using recycled and renewable feedstock that manufacturers can use to make their products more sustainable and help them meet emissions goals. LyondellBasell is among the world’s largest producers of polymers including propylene oxide and its derivatives including propylene glycol, propylene glycol…
EcoVadis Launches Product Carbon Emissions Tracking Solution
Business sustainability ratings provider EcoVadis announced today the launch of the the EcoVadis Product Carbon Footprint (PCF) Data Exchange, a new feature in its Carbon Action Module solution, aimed at enabling companies to more precisely track product-level greenhouse gas emissions. According to EcoVadis, the new feature aims to address one of the key barriers to companies’ carbon reduction strategies, enabling…
France Announces Plan to Cut Emissions 55% by 2030
French President Emmanuel Macron unveiled the country’s “ecological plan” to cut greenhouse gas (GHG) emissions by 55% by 2030, compared to 1990 levels, in line with the EU’s interim climate goals. According to the President’s presentation of the plan, reaching the 2030 goal will require a major acceleration in the country’s GHG emissions reduction progress, ramping to 5% per year…
CBRE Signs Deal to Collect Emissions Data from Supply Chain
CBRE Group, one of the world’s largest commercial real estate services and investment firms, has announced a strategic partnership with carbon accounting software provider Emitwise, aimed at enabling CBRE to collect greenhouse gas emissions data from its supply chain, and to provide its suppliers with carbon accounting capabilities. CBRE said that it will also make a strategic investment in Emitwise…
SEC Fines Deutsche Bank Subsidiary DWS $19 Million Following Greenwashing Investigation
The U.S. Securities and Exchange Commission (SEC) announced on Monday that it has charged Deutsche Bank’s investment arm DWS, one of the largest asset managers in Europe, over misleading statements the firm made regarding its ESG investment process. DWS has agreed to a $19 million fine to settle the charges, marking the largest-ever greenwashing penalty imposed on an asset manager…