ESG News

Is corporate America more 'scandal-prone' than Europe? An interesting piece by the Economist suggests this is the case, and thus far the 'financial cost' to the companies involved has been limited.

"The total market value of American firms involved in big incidents that have become public since 2016 is $1.54trn. At least 200m consumers have been affected. The figures are only $600bn and under 30m for European firms, including carmakers that faked emissions tests and Nordic banks involved in money-laundering."

U.S. offshore wind is a $68 million dollar investment opportunity that suppliers are poised to benefit from.

McKinsey offers a 'roadmap' to close the $12,000 electric vehicle profitability gap for car manufacturers.

An energy study shows that a business-led transition to renewable energy could sustain an economy with a net cost less than that of business-as-usual.

According to a recent report, New York City's buildings are responsible for two thirds of the city's greenhouse gas emissions. In pursuit of the goal to reduce emissions by 40% by 2030, the City Council is attempting to pass legislation placing an emissions cap on many large buildings, including the Empire State Building.

As renewable alternatives become more affordable, large corporations, such as Exxon, are shifting towards them.