NewsRoom Articles - Page 8 of 50

FridayFeb 14, 2025 10:00 am

DeepSeek’s Emergence Raises Questions About AI and the Direction of ESG

DeepSeek recently rolled out its large language model designed to improve reasoning capability using less computing power and fewer chips dubbed R1. In its announcement, the Chinese company revealed that it had used about $6 million to develop its model. This amount, while still huge, is minute in comparison to the multi-billion-dollar costs of other AI models. Following the announcement, AI stocks and firms associated with the space saw massive drops. For instance, Nvidia lost nearly $600 billion in market capitalization as investor concerns that demand for the firm’s chips would reduce soared. Additionally, analysts observed a 20-30% decrease in…

ThursdayFeb 13, 2025 10:00 am

State AGs Renew Their Fight Against ESG

Towards the end of last year, attorneys-general from different GOP states filed an antitrust suit against investment firms linked to ESG initiatives, led by Texas. This trend continued into the new year, with opposition against ESG growing while opposition to Diversity, Equity and Inclusion programs also increased. Just last month, another group of GOP state attorneys-general led by Attorney General Ken Paxton of Texas wrote a letter detailing contractual and legal violations by different financial institutions. In their letter, the attorneys-general called attention to the fact that financial institutions were violating their fiduciary duties by working towards their climate commitments…

TuesdayFeb 11, 2025 10:00 am

While Proposals Against ESG are Surging, Their Success is Dismal

As the call for greater corporate responsibility over environmental, social, and governance issues among investors and shareholders grows, so does opposition to ESG initiatives. In the last few months, we’ve seen major corporations like Morgan Stanley and JPMorgan exit the Net-Zero Banking Alliance following heavy ESG backlash. To determine the anti-ESG movement’s success rate, a new study has analyzed every anti-ESG proposal presented at general shareholder meetings within the 500 biggest public firms in America based on their revenue. The researchers classified proposals as anti-ESG if they criticized investor intervention that insists on firms being held accountable for environmental or…

FridayFeb 07, 2025 10:00 am

EU Technology Consortium Commits to Tackling 6G ESG Concerns

Major organizations have joined forces to roll out an initiative focused on lessening the environmental impact of 6G mobile systems. The organizations, through a consortium dubbed EXIGENCE, hope to address the rising environmental toll of digital devices. The project will focus on optimizing service provision, measuring the consumption of energy, and encouraging behavioral changes among IT users, using incentives. It involves seven countries in the European Union as well as different partners in academic research, the telecom sector and digital transformation. Its partners include Huawei, Detecon, F6S, Eviden, Internet Institute, Instituto de Telecomunicações, Athens University of Economics and Business, National…

FridayFeb 07, 2025 10:00 am

How SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Advanced Clean Energy Transition with Community Solar Sites for Honeywell

The transaction value for the unique project, completed last year, included the sale and contracting agreement between Honeywell International and SolarBank, amounting to approximately $41 million. The 21MW DC ground-mount solar power projects, known as SB 13-1, SB 13-2 and SB-14, are located in upstate New York. The projects are expected to operate as community solar sites and be eligible to participate in the NYSUN program to receive NYSERDA incentives. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and…

ThursdayFeb 06, 2025 10:00 am

Institutional Investors Continue to Consider ESG Despite the Ongoing Backlash

The return of President Donald Trump to the White House has negatively impacted ESG initiatives, particularly in areas related to investment strategies, corporate regulations, and climate policies. Amid the increasing backlash against ESG, financial giants like Morgan Stanley, Goldman Sachs, and JPMorgan have chosen to distance themselves from global climate initiatives like the Net-Zero Banking Alliance. Meanwhile, publicly listed firms like Bristol-Myers Squibb, Levi Strauss, and Pfizer are being pushed to scrap their DEI programs, objectives, and departments, with others like Meta and Amazon already scaling back/eliminating their DEI efforts. Despite these challenges, a recent study indicates that institutional investors…

WednesdayFeb 05, 2025 10:00 am

SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Intends to Enter Expanding Data Center Market Amid U.S. $500bn USD AI Infrastructure Pledge

SolarBank is pursuing opportunities as a developer, owner and strategic partner in data center infrastructure, a major energy-hungry expansion market fed by the growing AI and general technology drive. The company aims to deliver energy-efficient, carbon-reducing data center solutions that support both immediate needs and long-term growth. The global data center market is seeing exponential growth, expected to reach $395 billion USD by 2030, propelled by surging demand for artificial intelligence, cloud computing, big data analytics, and IoT. SolarBank is joining global tech giants invested in expanding data center capacity, including Amazon, Microsoft, Google, Meta Platforms, and Apple, and building…

TuesdayFeb 04, 2025 10:00 am

SHEIN: Increasing Emissions, ESG Efforts, and Greenwashing Claims

SHEIN, a global e-commerce platform that specializes in fast fashion, has been working to strengthen its ESG efforts these last few years. Between 2019 and 2023, the company grew by over 1000%. In 2023, its estimated revenue totaled $32.5 billion. Chris Xu, its founder and CEO, stated that their mission was to make fashion accessible to everyone. He added, though, that producing affordable clothing and delivering it to consumers gave rise to challenges that had to be addressed. One of these challenges is the significant increase in emissions as global e-commerce grows. Between 2022 and 2023, the company reported 43%…

FridayJan 31, 2025 10:00 am

Bloomberg Pledges to Avail Funding to Fill Gaps Resulting from America’s Withdrawal from Paris Agreement

Earlier this week, Michael Bloomberg announced that Bloomberg Philanthropies and other climate funders in America would provide funding to help fulfil the country’s obligations under the 2015 Paris Agreement. Bloomberg, a former mayor of New York City and United Nations Secretary General’s Special Envoy on Climate Ambition and Solutions, explained that this funding would ensure that America met its climate obligations, which include upholding America’s reporting commitments. This announcement comes after President Donald Trump signed an executive order to withdraw America from this climate coalition. Prior to its exit from this accord, the United States contributed over 20% of the…

ThursdayJan 30, 2025 10:00 am

‘Greenhushing’ on the Rise as ESG Backlash Grows

Donald Trump’s win at the 2024 Presidential elections and his subsequent swearing in has seen America’s landscape begin to change, a shift that may also affect the world at large by minimizing focus on environmental policies and placing fossil fuels at the center of the discussion. This change is taking place alongside green hushing, which has influenced how many firms communicate, especially in the energy sector. So, what is greenhushing? This is when an organization or firm stays quiet about or downplays their sustainability practices and environmental efforts, despite making positive progress for the environment. Companies may avoid any discussions…

ESGWireNews provides insights into ESG companies.

Contact us: (512) 354-7000