Tag: Ceres

New report explores viable strategies to decarbonize the gas distribution industry

Stuart Mitchell

Ceres recently published a report that provides guidance for investors to effectively influence and support utility companies in decarbonizing the gas distribution industry and align with the global goal of limiting warming to 1.5 degrees Celsius.  Decarbonizing U.S. Gas Distribution: An Investor Guide provides insight into the diverse decarbonization options that can be deployed to viably reduce the industry’s greenhouse gas emissions. The report also underscores the financial importance of decarbonization in the utility sector, citing the substantial investor-owned assets totaling $379 billion in the gas distribution industry. By embracing…

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California’s first-in-the-nation climate disclosure legislation sets new standard for corporate transparency

Stuart Mitchell

Ceres applauds the California State Assembly for voting to approve first-in-the-nation transparency into the climate impacts of the largest corporations for investors, consumers, employees, and communities.  The Assembly today passed the first of two proposed bills related to corporate climate disclosure: SB 253, which will require companies that do business in California and earn at least $1 billion annually to report climate pollution across their supply and value chains. The Assembly is expected to vote later this week on the second bill, SB 261, which will require companies with revenue…

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New resource guides corporate fleets in enhancing EV battery supply chain sustainability

Stuart Mitchell

A new guidebook was released recently to provide companies with a resource to support responsible corporate engagement efforts in the electric vehicle (EV) battery supply chain that will improve resiliency, advance sustainability, and reduce the social and environmental impacts of scaling up EV battery production.  Electric Vehicle Batteries: A Guidebook for Responsible Corporate Engagement Throughout the Supply Chain comes as many private and public companies are already operating electric vehicle fleets or plan to soon purchase fleets to reduce their carbon footprint and capture cost savings. For these companies, electric…

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New Benchmark Analysis of U.S. Banks Reveals Inconsistencies Between Climate Goals and Climate Lobbying Practices

Stuart Mitchell

A new benchmark analysis of 13 of the largest banks operating in the United States reveals significant inconsistencies between the banks’ public climate commitments and their direct and indirect climate lobbying practices.   The Responsible Policy Engagement Benchmarking for Banks shows that despite banks’ public endorsement of the Paris Agreement’s goals and pledges to align their lending and investments with net zero emissions by 2050 or even earlier, the banks’ lobbying practices do not match their stated support for Paris-aligned policies and regulations with 92% of banks advocating  against or…

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Ceres Welcomes New Members to its Board of Directors and President’s Council

Stuart Mitchell

The sustainability nonprofit Ceres has welcomed new members to its Board of Directors and President’s Council. Ralph Izzo (former Chairman and CEO of the Public Service Enterprise Group) joined the Ceres Board of Directors in June. Marc Diaz (Chief Commercialization Officer at Terviva), Marc Pangburn, (Chief Financial Officer at HASI), Eric Pitt (Chief Commercial Officer at Emergent), Catherine Von Burg (Founder and former CEO & President of SimpliPhi Power, Inc), and David Young (Senior Partner and Managing Director at Boston Consulting Group) have all joined the President’s Council in recent months.…

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