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Robeco to Target Sustainable Fashion, Ocean & Climate Sustainability, ‘Forever Chemicals’ in Corporate Engagements

Robeco to Target Sustainable Fashion, Ocean & Climate Sustainability, ‘Forever Chemicals’ in Corporate Engagements

International asset manager Robeco announced the introduction of ocean sustainability and phasing out hazardous chemicals as two new focus themes that it will be discussing with companies in its 2024 engagements, in addition to stepping up pressure on high carbon companies to align with climate goals, and engaging with fashion companies to address key sustainability issues in the sector. According…

Take Five: New Year, New Targets

The first week of 2024 gave a few glimpses of the challenges and opportunities to come for policymakers, companies and investors. New year, new targets – Asset owners might reasonably start 2024 looking for signs of policymakers implementing headline commitments from COP28, specifically accelerating their transition away from fossil fuel use in energy systems, tripling renewable energy capacity and doubling…

COP28: Alarms, But no Surprises

Agreement marked by compromise rather than high ambition still provides stability for climate-focused stewardship, according to Lindsey Stewart, Director of Investment Stewardship Research, Morningstar. The COP28 climate conference in Dubai highlighted all that we need to worry about regarding the growing urgency of climate action and revealed very little that we didn’t already know. As expected, the COP28 agreement was…

NYDFS Finalizes Climate Risk Management Guidance

On December 21, 2023, the New York Department of Financial Services (“NYDFS”) finalized guidance on how the banks and mortgage institutions it regulates (“New York Institutions”) should manage climate-related financial and operational risks (the “Guidance”). The Guidance establishes extensive obligations for New York Institutions, which—even if tailored by the state to be proportionate to size and activities—may create a significant…

Amazon Installs its First Low Carbon Hydrogen Electrolyzer at Colorado Fulfilment Center

Amazon Installs its First Low Carbon Hydrogen Electrolyzer at Colorado Fulfilment Center

Hydrogen and fuel cell solutions company Plug Power announced it has completed the installation and commissioning of an electrolyzer system at an Amazon fulfillment center in Aurora, Colorado, enabling the company to produce low-carbon hydrogen to power equipment at the facility. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly…

Starbucks Enables Use of Reusable Cups for Drive-Thru and Mobile Orders

Starbucks Enables Use of Reusable Cups for Drive-Thru and Mobile Orders

Starbucks announced today a new program enabling customers to use personal, reusable cups at all company-operated and participating licensed stores in the U.S. and Canada, including for drive-thru purchases and mobile orders made through the Starbucks app. According to Starbucks, the announcement makes the company the first U.S. national coffee retailer to accept reusable cups for mobile and drive-thru orders,…

Volvo Cars Hires Vanessa Butani as Head of Global Sustainability

Volvo Cars Hires Vanessa Butani as Head of Global Sustainability

Volvo Cars announced the appointment of Vanessa Butani as Head of Global Sustainability. Butani will assume the new role in April 2024, succeeding Anders Kärrberg, who has held the position since Volvo established its Global Sustainability Team in 2019. Based at the Volvo Cars’ global headquarters in Gothenburg, Sweden, Butani will lead the company’s sustainability ambitions and the evolution of…

Equinor, bp, Cancel Major New York Offshore Wind Agreement

Equinor, bp, Cancel Major New York Offshore Wind Agreement

Norway-based energy company Equinor and UK energy giant bp announced today the termination of an agreement with the New York State Energy Research and Development Authority (NYSERDA) for Empire Wind 2, one of the largest offshore wind projects in the U.S. with anticipated capacity of nearly 1.3 GW. According to a statement from the companies, the decision to end the…

The Sustainability of ESG Investing: A Comprehensive Overview

The Sustainability of ESG Investing – A Comprehensive Overview 1. Introduction to ESG Investing The concept of Environmental, Social, and (Corporate) Governance (ESG) investing has garnered substantial attention in the business world. As the paradigm of sustainable development emphasizes meeting current needs without hindering future generations’ potential, the question arises: Is ESG investing a sustainable approach? Proponents of ESG assert…

Davison to Further Food Systems Focus at FAIRR

Investor network’s new Senior Policy Advisor encouraged by prevalence of food systems action at COP28, while urging greater alignment of shareholder initiatives.  Tackling the mounting risks posed by biodiversity loss to food systems will be a key focus for FAIRR Initiative’s new Senior Policy Advisor, Greta Davison, as global attention on agricultural supply chains increases.   “There are emerging risk for…