Regulations: Page 19


  • Colleagues at business meeting in conference room.
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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
  • Gary Gensler smiles as he prepares to sit and testify
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    Drew Angerer via Getty Images
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    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 Updated March 6, 2024
  • Trendline

    Top 5 stories from ESG Dive

    This year has shaped up to be a formative one for ESG, from the U.S. pulling out of major climate agreements to federal agencies recalibrating their approach to sustainability under the new administration.

    By ESG Dive staff
  • Gary Gensler is in focus speaking with a finger raised in front of a name card. An aide sits behind him out of focus.
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    Kevin Dietsch via Getty Images
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    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 March 5, 2024
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    Andrew Burton via Getty Images
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    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 March 4, 2024
  • West Virginia state capitol
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    Archive Photos via Getty Images
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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 March 1, 2024
  • Wind farm and electricity pylons in the desert of Coachella Valley, California.
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    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
  • KPMG logo is displayed on its office building.
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    Jack Taylor via Getty Images
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    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
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    Joe Raedle via Getty Images
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    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 Feb. 29, 2024
  • Securities and Exchange Commission Chair Gary Gensler speaks during a hearing.
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    Kevin Dietsch via Getty Images
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    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 Feb. 29, 2024
  • House Oversight Committee chairman Rep. James Comer listens to a hearing
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    Drew Angerer via Getty Images
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    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 Feb. 28, 2024
  • Tanker trucks drive past an ExxonMobil oil refinery.
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    Scott Olson via Getty Images
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    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 Feb. 27, 2024
  • People walk past the Nasdaq MarketSite on October 12, 2022 in New York City.
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    Michael M. Santiago via Getty Images
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    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
  • American Airlines jets sit on the tarmac as an American Eagle jet taxis to the gate at O'Hare International Airport April 25, 2003 in Chicago.
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    Scott Olson / Staff via Getty Images
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    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 Feb. 26, 2024
  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building.
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    Chip Somodevilla via Getty Images
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    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 Feb. 26, 2024
  • A facade of a Schneider Electric building.
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    Permission granted by Schneider Electric
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    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
  • The eBay logo is displayed on the roof of eBay headquarters.
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    Justin Sullivan via Getty Images
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    Opinion

    A 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
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    Lamar Johnson/ESG Dive
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    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 Feb. 21, 2024
  • State regulators give testimony before the House Energy, Climate, & Grid Security subcommittee.
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    Retrieved from House of Representatives.
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    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
  • A woman speaks before a full room of attendees showing slides
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    Lamar Johnson/ESG Dive
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    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 Feb. 15, 2024
  • A high-voltage transmission line in a field of grain.
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    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
  • Dairy cattle are lit from behind.
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    David McNew via Getty Images
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    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
  • 3d render of an American football arena with yellow goal post, grass field and blurred fans at playground view
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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 Feb. 9, 2024
  • Wind turbines spin behind a solar energy park
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    Sean Gallup via Getty Images
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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 Feb. 8, 2024
  • Merger and acquisition business concept, join company on puzzle pieces, 3d rendering
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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 Feb. 7, 2024
  • Nancy Pelosi speaks outside the U.S. Capitol.
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    Chip Somodevilla via Getty Images
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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 Feb. 5, 2024