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Net-Zero Asset Owner Alliance’s updated target-setting to cover all private assets
The fourth edition of the protocols will also include guidance for members to set 2030 goals aligned with the Paris Agreement.
By Lamar Johnson • April 19, 2024 -
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House GOP spearheads legislation to strike down SEC climate disclosure rule
The Financial Services Committee advanced a Congressional Review Act challenge to the rule by a 28-22 vote split along party lines.
By Lamar Johnson • April 18, 2024 -
Explore the Trendline➔
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TrendlineTop 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 -
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SBTi walks back carbon offset policy changes after staff backlash
The Science Based Targets initiative backtracked on expanding the use of environmental offsets in corporate scope 3 plans after staff called for its CEO’s resignation.
By Lamar Johnson • April 16, 2024 -
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Capital One shareholders urged to approve scope 3 target-setting proposal
The New York State Common Retirement Fund said the targets are necessary to fully assess the bank’s climate risk exposure and mitigation strategies.
By Lamar Johnson • April 15, 2024 -
Courtesy of Henkel
Henkel to engage packaging suppliers in bid to lower scope 3 emissions
The German consumer goods company behind brands like Dial soaps and Soft Scrub cleaners says about a quarter of its value chain emissions are caused by packaging and raw materials. It’s targeting decreases by 2030.
By Maria Rachal • April 15, 2024 -
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SBTi to allow for expanded carbon credit use in net-zero plans despite staff opposition
The organization said it will not evaluate the quality of carbon credits when assessing how corporations’ strategies for scope 3 emissions abatement align with climate science.
By Lamar Johnson • April 12, 2024 -
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Insurers falling short on climate commitments: ShareAction
Most insurers surveyed had few or no restrictions on conventional oil and gas in both their underwriting and investment activities.
By Suman Bhattacharyya • April 12, 2024 -
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House GOP begins congressional challenge to SEC climate disclosure rule
House Financial Services Committee Chair Patrick McHenry said the agency’s voluntary pause is “not enough.”
By Lamar Johnson • April 11, 2024 -
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Majority of fashion brands won’t meet their emissions goals: report
About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.
By Lauren Schenkman • April 11, 2024 -
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SEC reiterates no scope 3 in final climate rule
Agency officials are starting to educate industry stakeholders and investors on the paused rule’s required disclosures, while defending it in court.
By Lamar Johnson • April 9, 2024 -
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Two-thirds of ‘sustainable’ passive funds are supporting fossil fuel expansion: Reclaim Finance
Greenwashing threatens efforts to advance sustainability goals, researchers from the climate nonprofit say.
By Suman Bhattacharyya • April 8, 2024 -
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RBC joins Citi, JPMorgan in disclosing green financing ratios
New York City Comptroller Brad Lander announced this week that the shareholder proposals put forward by the city’s retirement system have been pulled at all three banks.
By Lamar Johnson • April 5, 2024 -
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SEC stays climate-risk disclosure rule as it works through legal challenges
The agency maintains that the regulation is within the agency’s authority and said it “will continue vigorously defending the Final Rules’ validity in court.”
By Lamar Johnson • April 4, 2024 -
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Climate rule ‘mandates disclosures not financially material to investors,’ says SEC Commissioner
Commissioner Mark Uyeda’s comments Tuesday mirrored his March 6 testimony opposing the passage of the agency’s climate disclosure rule.
By Zoya Mirza • April 4, 2024 -
Zoya Mirza/ESG Dive
Regulation compliance and curbing emissions were key themes at Responsible Business USA 2024
Panel discussions centered on decarbonizing supply chains, navigating a complex political climate, preparing emissions disclosures and more.
By Zoya Mirza • April 3, 2024 -
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Citi says 71% of energy clients lack substantive transition plan or ‘ability to execute’
The bank made the disclosure in its latest climate report in response to a proposal that had been put forward by shareholder advocacy group As You Sow.
By Lamar Johnson • April 1, 2024 -
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SEC asks 8th Circuit not to pause climate rule pending challenges
The agency said Liberty Energy and Nomad Proppant Services have “identified no imminent harm” that would justify halting the rule’s implementation.
By Lamar Johnson • March 29, 2024 -
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Mississippi hits BlackRock with cease and desist order over ESG investments
The secretary of state accused the world’s largest asset manager with securities fraud and said it could face a multimillion-dollar administrative penalty.
By Lamar Johnson • March 28, 2024 -
Zoya Mirza/ESG Dive
SEC climate rule ‘consistent’ with global trends despite backlash, experts say
Panelists at Responsible Business USA 2024 said the agency’s disclosure regulation was “not a radical thing,” in spite of the flurry of lawsuits filed against it, as similar rules already exist.
By Zoya Mirza • March 27, 2024 -
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SEC battles climate disclosure rule legal challenges
The agency faces nine petitions to the rule consolidated in the U.S. Eighth Circuit of Appeals, including suits collectively co-filed by 25 states.
By Zoya Mirza , Lamar Johnson • Updated Aug. 20, 2024 -
"U.S. Securities and Exchange Commission headquarters" by AgnosticPreachersKid is licensed under CC BY 3.0
OpinionThe SEC makes the call: Climate risk equals financial risk
When the SEC’s climate disclosure rule is paired with other climate reporting directives, the shift within the financial landscape will be monumental.
By Bob Hinkle • March 27, 2024 -
Mario Tama via Getty Images
Citi agrees to disclose green financing ratios, following JPMorgan
The New York City comptroller has withdrawn shareholder proposals with the two banks. The measure faces votes at four other banks.
By Lamar Johnson • March 25, 2024 -
Joe Raedle via Getty Images
SEC to face all climate rule challenges in U.S. 8th Circuit Court of Appeals
The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.
By Lamar Johnson • March 22, 2024 -
Daphne Howland/ESG Dive
Flexing for the planet: How Walmart crushed its supplier emissions target
The retail giant leaned on education, financing and recognition to get its supply chain on board with Project Gigaton, a sustainability executive with the company told Supply Chain Dive.
By Ben Unglesbee • March 22, 2024 -
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House GOP continues to hammer SEC over climate rule
The House Financial Services Committee questioned the agency’s authority to promulgate the climate disclosure regulation both in the chamber and on the road.
By Lamar Johnson • March 21, 2024
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