Regulations: Page 2


  • Rep. Bill Huizenga speaks with glasses and a pen in one hand.
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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 Jan. 19, 2024
  • SEC Chairman Gary Gensler takes part in a meeting.
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    Kevin Dietsch via Getty Images
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    Deep Dive

    To 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 Jan. 18, 2024
  • Visual displaying components of ESG. Explore the Trendline
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    TarikVision via Getty Images
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    Trendline

    Top 5 stories from ESG Dive

    This year is shaping up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.

    By ESG Dive staff
  • Vehicles pass the Phillips 66 Los Angeles Refinery Wilmington Plant
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    Mario Tama via Getty Images
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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 Jan. 18, 2024
  • Walmart storefront.
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    Kaarin Vembar/ESG Dive
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    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
  • The U.S. Capitol Building as seen on a sunny day in Washington, DC.
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    Anna Moneymaker via Getty Images
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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
  • The Old Courthouse in downtown St. Louis with the Gateway Arch behind
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    Joe Hendrickson via Getty Images
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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 Jan. 10, 2024
  • Vehicles are seen on Interstate 95 as people prepare for the busy Memorial Day travel weekend on May 24, 2019 in Miami, Florida.
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    Joe Raedle via Getty Images
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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
  • Activists participate in an Earth Day march with a sign that says "End the Era of Fossil Fuels"
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    Anna Moneymaker via Getty Images
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    Deep Dive

    4 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 , Jan. 10, 2024
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    David McNew via Getty Images
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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
  • European Union flags are pictured waving outside the European Commission building.
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    Carl Court via Getty Images
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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
  • Hydrogen energy storage gas tank for clean electricity solar and wind turbine facility.
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    Vanit Janthra via Getty Images
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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
  • A street sign for Wall Street in front of the facade of the New York Stock Exchange.
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    JaysonPhotography via Getty Images
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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 Dec. 22, 2023
  • The flag of the European Union is projected on helium balloon reflected in a puddle on a cobblestone street.
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    Gabriel Kuchta via Getty Images
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    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 Dec. 21, 2023
  • A Wyoming coal-fired power plant is in view partially obscured by a tree in the front left foreground.
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    Spencer Platt via Getty Images
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    Wyoming to require disclosure of the use of social investment factors

    The secretary of state adopted the rule because of ongoing concerns about ESG strategies negatively affecting state industries like coal and agriculture.

    By Dec. 20, 2023
  • A man walks into a BlackRock office building.
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    Andrew Burton via Getty Images
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    Tennessee sues BlackRock over ‘misleading’ ESG strategy

    The lawsuit claims the $9.1 trillion firm misled consumers about the scope and effects of its ESG activity and released conflicting statements regarding ESG’s influence over its business decisions. 

    By Anna Hrushka • Dec. 19, 2023
  • A below view of the EU flag is seen, surrounded by flags of the European bloc's member countries.
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    Ian Waldie via Getty Images
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    Banks are excluded from EU’s human rights, due diligence regulation — for now

    Despite opposition to leaving financial institutions out, the final draft of the Corporate Sustainability Due Diligence Directive only states the sector may need to comply at a later date.

    By Dec. 19, 2023
  • A statue of the first Secretary of the Treasury Alexander Hamilton stands in front of the U.S. Treasury Department building.
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    Chip Somodevilla via Getty Images
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    Treasury releases sustainable aviation fuel tax credit guidance

    SAF manufacturers could receive an additional $0.01 per gallon over the base credit for each percentage point the fuel reduces emissions above 50%.

    By Dec. 18, 2023
  • SEC Chairman Gary Gensler participates in a meeting.
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    Kevin Dietsch via Getty Images
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    Democratic senators press Gensler to expedite release of human capital disclosure rule

    The updated rule — which requires companies to report on employee compensation, benefits, turnover data and more — is now slated for release in April 2024.

    By Dec. 15, 2023
  • Coal falls off a conveyor belt onto a larger pile of coal. Multiple mounds of coal can be seen.
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    George Frey via Getty Images
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    Companies setting their own carbon prices without global standard: Reuters

    The new analysis from the Climate Disclosure Project has found companies’ internal carbon prices range anywhere from under $1 to $1,600 per metric ton of carbon emissions.

    By Dec. 13, 2023
  • Jim Jordan sits behind a podium with both hands outstretched.
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    Chip Somodevilla via Getty Images
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    Vanguard, Arjuna Capital issued House Judiciary subpoenas over ESG probe

    The committee is seeking information from the two asset management firms for its investigation into whether industry climate alliances violate antitrust law.

    By Dec. 12, 2023
  • 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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    Gensler: EU regulations would take precedence without SEC climate rule

    The Securities and Exchange Commission will talk with its European counterparts on using its rule as a substitute for compliance with the Corporate Sustainability Reporting Directive.

    By Dec. 8, 2023
  • A person walks in front of a wall reading "United Nations Climate Change" and "COP28UAE."
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    Sean Gallup/Getty Images via Getty Images
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    UN report proposes measures to slash up to 96% of cooling emissions by 2050

    Passive cooling, higher energy efficiency standards and a quicker phasedown of climate-warming refrigerants could save $1 trillion by 2050, according to the report released during COP28.

    By Nish Amarnath • Dec. 7, 2023
  • Gary Gensler speaks with his hand outstretched, seated before a microphone.
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    Win McNamee via Getty Images
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    Final SEC climate disclosure rule pushed to April 2024

    The long-awaited timing update comes via the Biden administration’s regulatory agenda for next year, which also unveiled new timetables for other ESG-related proposals.

    By Dec. 7, 2023
  • A gas-powered power generation plant is seen with four red and white striped pillars rising from the facility with a mountain's outline visible through a orange haze.
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    David McNew via Getty Images
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    House Republicans say climate disclosure rule puts Science Based Targets initiative outside oversight

    GOP members of the House Science Committee took issue with the Biden administration's rule requiring large contractors to have emissions reductions targets validated by the international organization.

    By Dec. 1, 2023
  • A truck kicks up dirt as it passes a farm field in a deforested section of the Amazon
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    Mario Tama via Getty Images
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    Cargill accelerates efforts to end deforestation in South America as EU regulations loom

    One of the world's largest commodities traders is moving up its timeline to eliminate land use conversion from supply chains in Argentina, Brazil and Uruguay. 

    By Sarah Zimmerman • Nov. 28, 2023