Regulations

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    Kate Tornone/ESG Dive
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    Labor Dept. defends ESG rule in a post-Chevron landscape

    An ongoing challenge to a rule allowing pension fund managers to consider ESG factors stands as a litmus test under a recent Supreme Court ruling.

    By • July 26, 2024
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    Elizabeth Lara via Getty Images
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    Oklahoma judge permanently blocks state’s anti-ESG law

    The ruling extends a temporary injunction against the law issued in May, though Oklahoma Attorney General Gentner Drummond said he will bring an appeal to the state Supreme Court.

    By • July 23, 2024
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    Trendline

    Sustainability initiatives gain traction against backdrop of climate disclosure rules

    Several companies have already committed to achieving net-zero emissions by 2050 and many have also set near-term targets to curb their carbon footprint by the end of the decade.

    By ESG Dive staff
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    Jack Taylor via Getty Images
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    Sustainability reporting, ESG management roles on the rise: Deloitte

    The accounting firm’s survey of 300 executives at public companies pointed to an increase in sustainability oversight as disclosure requirements mount.

    By • July 22, 2024
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    Kate Tornone/ESG Dive
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    Challenge to Labor Dept. ESG rule kicked back to lower court

    A U.S. Appeals Court vacated a prior ruling, which relied on the overturned Chevron doctrine, and sent it back to Texas’ Northern District “given the upended legal landscape.”

    By • July 22, 2024
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    pcess609 via Getty Images
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    Reduced shareholder lawsuit risk doesn’t mean more ESG reporting: study

    The lower risk of being sued means companies don’t need the social credibility that comes with the reports, a study finds.

    By Robert Freedman • July 19, 2024
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    Drew Angerer via Getty Images
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    ‘Polarizing’ state laws risk ‘fragmenting’ system: bank regulator

    Acting Comptroller of the Currency Michael Hsu said banks are increasingly asked by state policies to “pick a side in service of performative politics rather than deliberative policy.”

    By • July 18, 2024
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    Drew Angerer via Getty Images
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    SEC rule jumpstarts Corpay CAO’s ESG push

    The climate disclosure rule’s March passage helped push the payments player to double down on its ESG reporting strategy, Chief Accounting Officer Alissa Vickery said.

    By Maura Webber Sadovi • July 18, 2024
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    David McNew via Getty Images
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    5 takeaways on costs, challenges of climate disclosure compliance

    Complacency regarding the SEC’s now-stayed rules could leave companies “scrambling to try to get ready” once they are put in place, PwC’s Marc Siegel said.

    By Maura Webber Sadovi • July 16, 2024
  • A four-panel shot of Lamar Johnson (ESG Dive), Jake Rascoff (Ceres), Lindsey Stewart (Morningstar Sustainalytics) and Erin Martin (Morgan, Lewis & Bockius LLP)
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    Joey Sirmons/ESG Dive
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    Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations

    Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.

    By , • July 16, 2024
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    Joey Ingelhart via Getty Images
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    Supreme Court’s Chevron ruling creates power sector uncertainty: Moody’s

    “The lack of clarity on future EPA mandates increases uncertainty and makes it more difficult for power companies to determine their most appropriate and cost-effective generation mix,” Moody’s said.

    By Ethan Howland • July 16, 2024
  • Oklahoma Republican Representative Tom Cole at a hearing
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    Zach Gibson via Getty Images
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    House panel approves FY25 budget that strikes Labor Dept. ESG rule

    The Republican-led House Appropriations Committee advanced a funding bill for the agency containing the policy rider.

    By • July 12, 2024
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    qingwa via Getty Images
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    SEC’s ESG greenwashing, human capital disclosure rules pushed to October

    The Securities and Exchange Commission’s delayed rulemaking timeline comes against a backdrop of increased scrutiny on ESG-related regulations.

    By • July 10, 2024
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    Chip Somodevilla via Getty Images
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    Labor Department, challengers argue over ESG rule’s tiebreaker standard post-Chevron

    A lawyer for the agency said he believes “the logic of the District Court's opinion would produce the same result” under the Loper Bright ruling.

    By • Updated July 10, 2024
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    TexPhoto via Getty Images
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    Supreme Court’s Chevron, Corner Post decisions could delay energy investments, spur litigation: analysts

    FERC Chairman Willie Phillips defended the commission’s transmission planning rule after the court eliminated the Chevron deference for federal agencies.

    By Ethan Howland • July 8, 2024
  • The exterior of the Labor Department building, with a sign that says "United States Department of Labor"
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    Alex Wong via Getty Images
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    Labor Department’s ESG rule trial to serve as litmus test for Chevron decision

    A lower court’s dismissal of a challenge to the rule cited the now-overturned Chevron doctrine, though the agency believes the rule will survive.

    By • Updated July 10, 2024
  • The U.S. Supreme Court building's facade with flowers blurred in the foreground.
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    Andrew Harnik via Getty Images
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    SCOTUS overturns Chevron doctrine, limiting federal agency reach

    Federal courts will no longer have to defer to agency regulations for interpretation of ambiguous statutes.

    By Ryan Golden , Ginger Christ • July 1, 2024
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    Sean Gallup via Getty Images
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    Corn growers file legal challenge against EPA’s trucking emissions rule

    Industry groups argue that a transition to battery-powered trucks would have unintended consequences for the biofuels and agricultural industries.

    By Nathan Owens • June 26, 2024
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    Andrew Burton via Getty Images
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    BlackRock becomes first firm on Indiana treasurer’s ESG watchlist

    “Contrary to the Treasurer’s assertion, BlackRock has been singularly focused on delivering performance” for the state’s pension fund, a firm spokesperson told ESG Dive.

    By • June 25, 2024
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    Carl Court via Getty Images
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    Bloomberg launches CSRD data tool as reporting deadlines begin to loom

    “Better data drives better investment decisions,” Bloomberg’s global head of sustainable finance solutions said in a release.

    By • June 24, 2024
  • funding contest open only to Black women is likely discriminatory, says 11th Circuit
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    gorodenkoff via Getty Images
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    11th Cir. deals another blow to corporate DEI programs

    The federal appellate court ruled 2-1 that a competition designed to award grants to businesses owned by Black women likely violates federal civil rights law. 

    By David Weisenfeld • June 21, 2024
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    Lukas Schulze via Getty Images
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    Workiva launches sustainable solutions platform, acquires carbon accounting firm

    The ESG reporting software firm said its new platform will let companies “prepare and file audit-ready financial and non-financial reports” amid growing disclosure requirements.

    By • June 20, 2024
  • A worker assembles Volkswagen's ID.3 electric car at a factory in Germany.
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    Jens Schlueter via Getty Images
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    Trump could roll back Inflation Reduction Act tax credits if reelected

    Volkswagen and Samsung SDI leaders expressed concerns at a conference last week about the stability of the IRA should the administration change.

    By Kate Magill • June 20, 2024
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    Justin Sullivan via Getty Images
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    Q&A

    How Supplier.io’s collaboration with CDP boosts supply chain transparency

    Supplier.io CEO Aylin Basom said clients were asking the supply chain diversity and ESG data company for additional insights, which led the company to pursue the partnership.

    By • June 17, 2024
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    Jemal Countess via Getty Images
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    Witnesses combat House panel report of ‘collusion’ on decarbonization

    A day after the Judiciary Committee’s report, witnesses from Ceres, Arjuna Capital and CalPERS disputed claims alleging their work constitutes antitrust violations.

    By • June 13, 2024
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    Chip Somodevilla via Getty Images
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    House Judiciary: Climate groups and activists ‘colluding’ on decarbonization

    The interim report from the years-long probe accuses groups in the financial system of forming a “climate cartel” that “has declared war on the American way of life.”

    By • June 12, 2024