Regulations: Page 15
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EU passes domestic clean energy act, trailing US supply chain and climate bills
The European Commission agreed to the Net-Zero Industry Act to increase domestic manufacturing, following similar domestic production acts passed by the U.S.
By Lamar Johnson • Feb. 8, 2024 -
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ESG to be a ‘major’ M&A driver in 2024: Norton Rose Fulbright
The vice president of a U.S. corporation warned in the report that companies will cancel acquisition deals if “critical ESG information is not provided or unavailable.”
By Lamar Johnson • Feb. 7, 2024 -
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Democrats urge Congress to block anti-ESG investing riders in appropriations bills
The letter, signed by 65 democratic lawmakers, said the riders are “contrary to what the American public wants” and interfere with investment decisions.
By Zoya Mirza • Feb. 5, 2024 -
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Arjuna Capital, Follow This pull Exxon climate proposal after lawsuit
Natasha Lamb, Arjuna Capital’s chief investment officer, warned the lawsuit will silence investors concerned about climate risks.
By Lamar Johnson • Feb. 5, 2024 -
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ASHRAE, ICC unveil draft standard for GHG emission assessment in buildings
The proposed Standard 240P intends to provide a common platform to measure and report greenhouse gas emissions of buildings, the organizations say.
By Nish Amarnath • Feb. 5, 2024 -
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The ESG industry outlook on 2024: Climate disclosure rules, proxy voting and more
The upcoming year will determine how national and international regulation, shareholder rights and proposal approvals, and scope 3 reporting influence the ESG landscape.
By Zoya Mirza , Lamar Johnson • Jan. 30, 2024 -
The image by Gareth Milner is licensed under CC BY-SA 2.0
Texas AG bans Barclays from state municipal bonds over ESG
The Lone Star state said the ban stems from the bank’s association with the Net Zero Banking Alliance and refusal to provide additional information about its carbon emissions commitments.
By Lamar Johnson • Jan. 29, 2024 -
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OpinionEU ESG due diligence directive set to take effect
Final approval of the regulatory action is expected to happen soon. When it does, U.S. companies doing $300M in EU business must show they're meeting environmental and social goals.
By Neil D’Souza • Jan. 29, 2024 -
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US solar industry awaits federal moves on interest rates, tax credits as global M&A activity drops 15%
Global corporate solar funding rose to $34.3 billion last year with help from IRA incentives, while high interest rates slowed acquisition activity, said Mercom Capital Group CEO Raj Prabhu.
By Diana DiGangi • Jan. 26, 2024 -
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EU lawmakers approve 2-year delay of CSRD reporting for non-EU companies and specific sectors
The deferral will allow companies to first focus on the implementation of broader sustainability reporting requirements before they start adhering to sector specific standards.
By Zoya Mirza • Jan. 25, 2024 -
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New Hampshire bill would make use of ESG in investments a felony
The bill would punish “knowingly” using ESG factors in investment decisions with at least a year in prison.
By Lamar Johnson • Jan. 22, 2024 -
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Top court appears mixed on keeping Chevron deference
The doctrine was recently cited to support the dismissal of a lawsuit challenging a Labor Department rule allowing employee retirement fund managers to consider ESG factors.
By Robert Freedman • Jan. 19, 2024 -
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House GOP says SEC is overstepping authority, cannot demand climate disclosures
Expert witnesses for the Financial Services Subcommittee differed in legal interpretations of the agency’s power to issue the rule.
By Lamar Johnson • Jan. 19, 2024 -
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Deep DiveTo keep or not to keep: The fate of scope 3 emissions in SEC’s climate disclosure rule
Given all of the pushback the agency has received over its proposed rule, particularly scope 3 reporting requirements, experts are uncertain if scope 3 will make the final cut.
By Zoya Mirza • Jan. 18, 2024 -
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Exclusive: Pro-ESG group tallies $150M in Big Oil donations to Republicans opposing SEC climate rule
A broad majority of the nearly 250 Republican state and congressional lawmakers have also expressed concerns about the rule’s inclusion of scope 3 disclosure, according to Unlocking America’s Future.
By Lamar Johnson • Jan. 18, 2024 -
Kaarin Vembar/ESG Dive
Walmart to pay $60K over claim it did not promote woman with young children
The retailer promoted an employee who did not have young children, amounting to sex discrimination, the EEOC alleged.
By Ryan Golden • Jan. 17, 2024 -
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What Congress’ new attempt to strengthen age bias laws means for employers
The Protecting Older Workers Against Discrimination Act would restore the “mixed-motive” test struck down by a 2009 U.S. Supreme Court decision.
By Ryan Golden • Jan. 11, 2024 -
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Missouri’s bid to dismiss anti ESG-rules suit is denied
The U.S. federal judge’s decision greenlights a lawsuit challenging two of the state’s ESG rules that affect financial institutions.
By Lamar Johnson • Jan. 10, 2024 -
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How 3 states are attacking carbon emissions from transportation
While 21 states sued the federal government over its new rule requiring transportation emission reduction targets, others are forging ahead to clean up the sector.
By Dan Zukowski • Jan. 10, 2024 -
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Deep Dive4 ESG trends that set the tone for 2024
It’s shaping up to be a big year for ESG with a packed SEC agenda, fights over corporate DEI efforts and shareholder rights and a focus on financing the net zero transition.
By Lamar Johnson , Zoya Mirza • Jan. 10, 2024 -
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Federal court won’t reconsider decision to overturn Berkeley, California, natural gas ban
If the city wants to continue to appeal the decision, its next step would be the U.S. Supreme Court.
By Ysabelle Kempe • Jan. 4, 2024 -
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EU’s financial regulator: Stronger regulation needed to deter greenwashing
The European Securities and Markets Authority found negligible stock-based impacts of ESG controversies on companies, noting a lack of market-based mechanisms to prevent greenwashing.
By Iulia Gheorghiu • Jan. 3, 2024 -
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Industry leaders blast Treasury’s draft guidance for clean hydrogen tax credits
Some leading hydrogen producers are already talking about suing to stop the implementation of the Treasury Department’s proposal, according to Mona Dajani, a partner at Baker Botts.
By Emma Penrod • Dec. 22, 2023 -
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New York finalizes climate-risk guidance for financial institutions
The state said the new rules will help banking and mortgage institutions prepare for the physical and transition risks of climate change.
By Lamar Johnson • Dec. 22, 2023 -
Gabriel Kuchta via Getty Images
EU Council reaches agreement on new ESG rating rule
The regulation is designed to increase transparency of sustainability score providers and will apply to non-European Union based companies looking to operate in the bloc.
By Lamar Johnson • Dec. 21, 2023
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