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Corporate Environmental Responsibility

America’s ports have a pollution problem. All-electric short-haul trucking is one fix.
Business

America’s ports have a pollution problem. All-electric short-haul trucking is one fix.

ByCitiGist January 18, 2023

About 30,000 semi trucks, some owned by large fleets and others by small operators with a single rig, shuttle imports and exports to and from California’s shipping ports to the distribution centers that pass the goods to the rest of the nation and much of the globe. Long truck queues can mean idle time burning…

Read More America’s ports have a pollution problem. All-electric short-haul trucking is one fix.Continue

Making your small business more sustainable can pay off—here are 3 ways to get started
Business

Making your small business more sustainable can pay off—here are 3 ways to get started

ByCitiGist December 23, 2022

Focusing on your small business’s sustainability isn’t just good for the environment — it can also benefit your bottom line. Thirty-two percent of consumers are willing to pay more for sustainable goods and 66% rank sustainability as one of their top five drivers behind a purchasing decision, according to the 2022 Sustainability Study from Simon-Kucher…

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Retirement stock plans can use ESG scrutiny, final rule from Labor Dept. says
Business

Retirement stock plans can use ESG scrutiny, final rule from Labor Dept. says

ByCitiGist November 22, 2022

The Department of Labor finalized a rule Tuesday that explicitly permits retirement-plan fiduciaries to consider climate change and other environmental, social and governance (ESG) features when selecting investments or meeting shareholder demands. One of the Trump-era rules said retirement-plan fiduciaries — professionals required by law to manage a person’s money for the individual’s benefit and…

Read More Retirement stock plans can use ESG scrutiny, final rule from Labor Dept. saysContinue

Airbus, U.K. Royal Air Force complete flight fully-powered with sustainable fuel
Business

Airbus, U.K. Royal Air Force complete flight fully-powered with sustainable fuel

ByCitiGist November 21, 2022

An Airbus A330 MRTT owned and operated by the U.K.’s Royal Air Force has performed a flight using only sustainable aviation fuel in both engines, paving the way for reducing carbon emissions from military aircraft fleets, Airbus SE said. The Toulouse, France-based company AIR, +1.40% said the flight was the world’s first carried out by…

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6 U.S. mega banks behind a third of global funding expanding coal, oil and gas
Business

6 U.S. mega banks behind a third of global funding expanding coal, oil and gas

ByCitiGist November 9, 2022

The six major U.S. banks are behind more than one-third of the financing to expand fossil-fuel extraction, according to an update to a closely followed annual report put out by a collection of climate-change policy groups. According to the Rainforest Action Network (RAN), the top 60 banks by assets globally provided a total of $1.3…

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Opinion: Subsidies for renewable energy often go to the same fossil-fuel companies that are fighting the green-energy transition with their other hand
Business

Opinion: Subsidies for renewable energy often go to the same fossil-fuel companies that are fighting the green-energy transition with their other hand

ByCitiGist August 7, 2022

Texas is known for fiercely promoting its oil and gas industries, but it’s also the No. 2 renewable energy producer in the country after California. In fact, more than a quarter of all the wind power produced in the United States in 2021 was generated in Texas. These projects benefit from a lucrative state tax incentive program…

Read More Opinion: Subsidies for renewable energy often go to the same fossil-fuel companies that are fighting the green-energy transition with their other handContinue

Vanguard’s new ‘impact fund’ targets social and environmental change, not just financial performance
Business

Vanguard’s new ‘impact fund’ targets social and environmental change, not just financial performance

ByCitiGist July 23, 2022

Vanguard released its sixth environmental, social and governance fund Monday, joining with U.K. investing firm Baillie Gifford to launch an actively managed, global equity fund that invests in companies the managers believe will produce a positive social change. Vanguard Baillie Gifford Global Positive Impact Stock Fund will invest in companies the fund managers believe will…

Read More Vanguard’s new ‘impact fund’ targets social and environmental change, not just financial performanceContinue

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