Regulations: Page 14
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Conflicting views on SEC’s authority set the tone for climate disclosure rule vote
The newly-passed regulation faces criticism from supporters and detractors for not going far enough and going too far, respectively.
By Zoya Mirza , Lamar Johnson • March 7, 2024 -
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SCOTUS affirmative action ruling leaves opening for corporate DEI, former AG Holder says
A carve-out for military academies suggests that what applies to educational institutions doesn’t necessarily extend to the business world.
By Suman Bhattacharyya • March 7, 2024 -
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SEC approves final climate disclosure rule, starts compliance countdown
The rule passed by a 3-2 vote Wednesday morning, absent requirements for scope 3 reporting and slimmer scope 1 and scope 2 requirements.
By Lamar Johnson • March 6, 2024 -
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Meeting ESG requirements is ‘significantly more challenging,’ say executives: Workiva
The study found that companies are at various stages of preparedness, with new pressure on firms to refine data collection, reporting and verification systems.
By Suman Bhattacharyya • March 6, 2024 -
Drew Angerer via Getty Images
SEC drops scope 3 from final climate rule, takes phased approach to scope 1 and 2 reporting
The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.
By Lamar Johnson • Updated March 6, 2024 -
Kevin Dietsch via Getty Images
A primer on the SEC’s climate disclosure rule ahead of its vote
A look at the rule the agency proposed in 2022, what’s expected to change and what will be finalized at Wednesday’s vote.
By Lamar Johnson • March 5, 2024 -
Andrew Burton via Getty Images
Mounting ESG scrutiny could affect revenues, reputation: BlackRock
Increasing domestic and international ESG regulations could increase compliance costs and uncertainty, the firm said in its annual SEC filing.
By Lamar Johnson • March 4, 2024 -
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West Virginia warns 6 banks they’re headed for restricted list over fossil fuel stances
BMO Bank, Citibank, Fifth Third Bank, Northern Trust, TD Bank and HSBC all received notices, according to West Virginia Public Broadcasting.
By Lamar Johnson • March 1, 2024 -
Phil Augustavo via Getty Images
Slowing wind installations threaten emissions progress under the IRA: report
More action on transmission may be needed for the Inflation Reduction Act to reach its full potential on climate, but the success of solar and batteries in particular could also hold policy lessons, an Energy Innovation report said.
By Emma Penrod • March 1, 2024 -
Jack Taylor via Getty Images
Scope 3 will be a focus for large companies regardless of SEC rule outcome, KPMG says
Large companies will still need to track scope 3 emissions as part of California and European Union requirements, analysts said.
By Suman Bhattacharyya • March 1, 2024 -
Joe Raedle via Getty Images
American Airlines pushes back after failed dismissal of pilot’s anti-ESG lawsuit
The Texas-based airline said its pilot has provided no breach or loss to support his claims and asked the judge to rule solely on the merits of the case.
By Lamar Johnson • Feb. 29, 2024 -
Kevin Dietsch via Getty Images
SEC to vote on climate disclosure rule next week
The agency will “consider whether to adopt rules to require registrants to provide certain climate-related information” at a March 6 open commission meeting.
By Zoya Mirza • Feb. 29, 2024 -
Drew Angerer via Getty Images
House GOP launches new probe into ESG investing
Oversight Committee Chair James Comer asked the Federal Reserve whether industry coalitions with ESG goals could constitute control of regulated companies.
By Lamar Johnson • Feb. 28, 2024 -
Scott Olson via Getty Images
ExxonMobil forges ahead with lawsuit against ESG investors
“The true goal of Exxon's legal attack is preventing shareholders from voting on its greenhouse gas emissions,” said Follow This founder Mark van Baal.
By Lamar Johnson • Feb. 27, 2024 -
Michael M. Santiago via Getty Images
Nasdaq board diversity rule challenge will be reheard en banc
The case will return to the 5th Circuit with the context of the 2023 Supreme Court ruling that struck down race-conscious admissions at colleges.
By Kathryn Moody • Feb. 27, 2024 -
Scott Olson / Staff via Getty Images
American Airlines must face pilot’s lawsuit over ESG investments
Federal Judge Reed O’Connor said the pilot has a plausible enough complaint to continue, despite not yet factually proving any harm.
By Lamar Johnson • Feb. 26, 2024 -
Chip Somodevilla via Getty Images
SEC to scrap scope 3 reporting from climate disclosure rule: Reuters
The omission could create a compliance conundrum for companies that still need to report scope 3 under the EU’s CSRD and California’s climate regulations.
By Zoya Mirza • Feb. 26, 2024 -
Permission granted by Schneider Electric
Schneider Electric expects to slash scope 2 emissions with tax credit deal
Schneider says the tax credit transfer agreement with Engie, which leverages Inflation Reduction Act provisions, will accelerate scope 3 emissions reductions for its clients.
By Nish Amarnath • Feb. 26, 2024 -
Justin Sullivan via Getty Images
OpinionA roadmap for corporate ESG reporting: eBay Chief Sustainability Officer
The e-commerce platform’s chief sustainability officer, Renee Morin, explains how company executives can navigate the changing landscape of sustainability and governance.
By Renee Morin • Feb. 22, 2024 -
Lamar Johnson/ESG Dive
Push for climate policy and adaptation lead concerns at GreenBiz24
More than 2,500 sustainability professionals flocked to Phoenix for the GreenBiz24 conference to hear the industry’s latest insights.
By Lamar Johnson • Feb. 21, 2024 -
Retrieved from House of Representatives.
State officials blame federal regulation for higher energy prices: ‘Customers are getting hurt.’
Proposed federal limits on fossil fuel power plants will further raise costs and weaken reliability, three state energy officials told a U.S. House subcommittee last week.
By Robert Walton • Feb. 20, 2024 -
Lamar Johnson/ESG Dive
GreenBiz24: US companies seek to understand EU CRSD impact
While the process may be complex, it is important for companies to recognize they “are not starting from scratch,” Nado Saab, Mondelēz International’s director of ESG reporting told attendees.
By Lamar Johnson • Feb. 15, 2024 -
Damien Verrier via Getty Images
US clean energy sector is breaking records but presidential election, other challenges loom: WRI
“Policymakers, regulators, developers and manufacturers must double down on their efforts to address key challenges,” said the World Resources Institute in a report.
By Diana DiGangi • Feb. 15, 2024 -
David McNew via Getty Images
Democrats join push to stop climate funding from going to farm biogas projects
The growing movement to capture methane from livestock waste only further encourages mass-scale industrial agriculture, a group of lawmakers said in a letter to the USDA.
By Sarah Zimmerman • Feb. 9, 2024 -
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NFL vs. AFL: Common DEI opponent tries to tackle league’s Rooney Rule
America First Legal filed a federal civil rights complaint alleging the league’s rule to increase its pipeline of diverse coaches is discriminatory.
By Lamar Johnson • Feb. 9, 2024
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