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Illustration: Annelise Capossela/Axios

Corporate action to tackle climate change ranked among the top themes on S&P 500 companies’ Q2 earnings calls.

Why it matters: July was the hottest month on record. Last week’s UN-sponsored climate report projected the Earth will potentially cross a crucial temperature threshold less than a decade from now.

The big picture: “For corporates, meeting ESG demands from investors is becoming an increasingly formidable task, requiring sustainability reports and additional ESG headcount,” Goldman Sachs strategist David Kostin writes. 

  • Investors are continuing to ask for ESG-themed investment products, including green bonds, they add.

Goldman highlighted a batch of executive comments, each speaking about their respective companies' goals to improve the sustainability of their operations.

  • “Our strategy aligns with the world’s growing need for affordable, reliable and cleaner energy that is necessary for human prosperity and global economic development. ... [We] support the aim of the Paris Agreement and a global ambition to achieve net-zero emissions by 2050,” a Hess executive said.
  • “We’re moving forward with investments in energy reduction, increased utilization of renewable energy and evaluation of new low-carbon technologies,” said an exec at LyondellBasell Industries. 

Among the standout remarks were those who cited specific actions and results. 

  • Qualcomm: “As part of our ongoing ESG efforts, we recently started purchasing 100% renewable solar energy for our San Diego headquarters.”
  • Interpublic Group of Companies: “[We] announced an action plan that consists of 3 climate roles: committing to set a science-based target; sourcing 100% renewable electricity by 2030; and joining The Climate Pledge, co-founded by Amazon in Global Optimism.”
  • Caterpillar: “Our 2020 sustainability report highlights 7 new environmental, social and governance goals we’ve set to achieve by 2030. … One of these goals is to ensure that 100% of Caterpillar’s new products through 2030 will be more sustainable than the previous generation.”

The big picture: Critics of corporate greenwashing are growing in number, and shareholder support for environmental proposals is growing.

Go deeper: How climate change kills the future

Go deeper

Ben Geman, author of Generate
Nov 19, 2021 - Energy & Environment

What moves the climate communications needle

Illustration: Aïda Amer/Axios

A new paper finds that words used in news stories to label climate change are less consequential than whether stories emphasize harm or solutions.

Driving the news: Researchers tested engagement with "climate crisis" and "climate emergency" — phrasing that has gained media traction — and "climate change."

Updated 2 hours ago - Politics & Policy

Prosecutors charge parents of Michigan school shooting suspect

Photo: Scott Olson/Getty Images

The parents of a 15-year-old accused of killing four students and wounding seven other people at a Michigan high school have been charged with four counts of involuntary manslaughter, according to court documents.

The latest: Lawyers for James and Jennifer Crumbley told the Detroit News they are "returning to the area to be arraigned," after law enforcement officials announced a search for the Crumbleys had been initiated.

Updated 6 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Coronavirus variant surveillance varies widely by state — Omicron cases confirmed in 5 U.S. states America probably won't lead the effort to understand Omicron.
  2. Vaccines: Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters — Moderna loses patent battles tied to COVID vaccine.
  3. Politics: Nevada to impose insurance surcharge on unvaccinated state workers — New Jersey GOP lawmakers defy statehouse COVID policy — Oklahoma sues Biden administration over Pentagon vaccine mandate — Omicron travel bans are sign of what's to come.
  4. World: WHO: Delta health measures help fight Omicron — COVID cases surge in South Africa in sign Omicron wave is coming — Germany approves new restrictions for unvaccinated people.
  5. Variant tracker: Where different strains are spreading.