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Deep Dive
Biodiversity emerges as an ESG priority in packaging, but measurement could be a challenge
As international standards evolve, fiber-based packaging companies are in the spotlight. Smurfit Kappa, WestRock, the Sustainable Forestry Initiative and Canopy Planet weigh in on what the increased focus means for the industry.
By April Reese • Feb. 21, 2024 -
Exclusive: Carbon management platform Gravity Climate joins ESG Data Convergence Initiative
“The world of private equity has a massive opportunity to influence so many different companies that don't necessarily receive direct pressure,” Gravity Climate’s CEO told ESG Dive.
By Lamar Johnson • Feb. 20, 2024 -
Explore the Trendline➔
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TrendlineTop 5 stories from ESG Dive
The landscape for ESG continues to shift, as U.S. exits from major climate agreements and organizations are juxtaposed with states forging ahead with their own climate disclosure laws.
By ESG Dive staff -
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 -
Barclays ceases direct funding of new fossil fuel projects
The London-based bank will also require all its portfolio energy companies to report their scoped emissions reductions targets and any expansion plans by Jan. 1, 2025.
By Lamar Johnson • Feb. 12, 2024 -
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 -
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 -
Global standard-setter proposes ethics guidelines to curb greenwashing risks
The International Ethics Standards Board for Accountants prepared a pair of ethics standards to help sustainability experts foster trust.
By Lamar Johnson • Jan. 31, 2024 -
A dozen state GOP agriculture heads probe Net Zero Banking Alliance members’ climate targets
None of the six banks — which include JPMorgan, Goldman Sachs and Citi — have published climate targets for the sector, according to their websites.
By Lamar Johnson • Jan. 30, 2024 -
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 -
Walgreens reports spike in scope 3, points to business travel and downstream transportation
The retail pharmacy chain said it had reduced its overall carbon footprint by almost 25% compared to a 2019 baseline, despite a surge in scope 3 emissions.
By Zoya Mirza • Jan. 29, 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 -
Opinion
EU 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 -
Global Reporting Initiative updates biodiversity reporting standards
The standard for the first time includes increased transparency on impacts through the supply chain, as biodiversity loss is affecting every region of the world.
By Lamar Johnson • Jan. 26, 2024 -
Deep Dive
2024 proxy outlook: What’s driving the ESG proposal approval dip?
Major asset managers and a spate of anti-ESG proposals helped push approval rates down, yet even more ESG proposals are expected after a record 2023.
By Lamar Johnson • Jan. 25, 2024 -
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 -
76% of companies link pay to ESG performance in rising trend: WTW
The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.
By Jim Tyson • Jan. 25, 2024 -
Crown, IP, Smurfit Kappa among ‘early adopters’ for nature-related financial disclosures
As biodiversity loss becomes more of a concern in sustainability reporting, multiple packaging companies have agreed to align reporting with recommendations from the Taskforce on Nature-related Financial Disclosures.
By Maria Rachal • Jan. 23, 2024 -
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 -
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 Zoya Mirza • Jan. 18, 2024 -
ESG to factor strongly in 2024 executive pay plans despite pushback: WTW
Environmental, social and governance strategies are “here to stay,” consultants said. But U.S. company boards are also seeking a more tailored approach.
By Ryan Golden • Dec. 22, 2023 -
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 Lamar Johnson • Dec. 20, 2023 -
Unilever under UK investigation for alleged greenwashing of products
The British competition regulator will scrutinize environmental claims for consumer goods made by the CPG giant, including Dove, Comfort and Cif.
By Iulia Gheorghiu • Updated Dec. 20, 2023 -
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 Lamar Johnson • Dec. 13, 2023 -
Lidl US’s first corporate social responsibility report outlines a dozen top goals for the company
The discounter said it aims to narrow its gender pay gap as well as reduce scope 1 and scope 2 greenhouse gas emissions by 70% by 2030.
By Catherine Douglas Moran • Dec. 8, 2023 -
Disney says ESG policies could cut into profits
Oklahoma’s state treasurer said the filing proves taking environmental, social and governance factors into account diminishes shareholder returns.
By Lamar Johnson • Dec. 4, 2023