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SEC’s climate disclosure rule: from proposal to approval
A look at the agency’s two-year journey to finalizing the rule amid a backdrop of conflicting opinions on its authority.
By Zoya Mirza , Lamar Johnson • March 13, 2024 -
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10 Republican-led states file lawsuit to block SEC’s climate disclosure rule
The challenge, led by West Virginia, was announced before the ink could dry on the agency’s final rule.
By Lamar Johnson • March 8, 2024 -
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Gender diversity on boards correlates with high credit quality: Moody’s
Investors seek greater gender and racial diversity on corporate boards, according to the Securities and Exchange Commission.
By Jim Tyson • March 8, 2024 -
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Conflicting views on SEC’s authority set the tone for climate disclosure rule vote
The newly-passed regulation faces criticism from supporters and detractors for not going far enough and going too far, respectively.
By Zoya Mirza , Lamar Johnson • March 7, 2024 -
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SEC approves final climate disclosure rule, starts compliance countdown
The rule passed by a 3-2 vote Wednesday morning, absent requirements for scope 3 reporting and slimmer scope 1 and scope 2 requirements.
By Lamar Johnson • March 6, 2024 -
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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 -
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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 Lamar Johnson • Updated March 6, 2024 -
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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 Lamar Johnson • March 5, 2024 -
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93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC
The spotlight on confusion from a jumble of ESG frameworks arrived just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.
By Jim Tyson • March 5, 2024 -
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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 Lamar Johnson • March 4, 2024 -
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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 -
Kevin Dietsch via Getty Images
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 Zoya Mirza • Feb. 29, 2024 -
Courtesy of Mercedes-Benz AG
Mercedes-Benz delays EV goal amid slowing demand
Low-cost EV sales are growing faster than more expensive luxury models, a company executive said.
By Michael Brady • Feb. 28, 2024 -
Chip Somodevilla via Getty Images
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 Zoya Mirza • Feb. 26, 2024 -
Permission granted by Schneider Electric
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 -
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Businesses face significant data collection hurdles while meeting ESG reporting requirements, KPMG says
In a survey across industries, KPMG found that nearly half of respondents were using spreadsheets to manage ESG data.
By Suman Bhattacharyya • Feb. 23, 2024 -
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OpinionA 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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Deep DiveBiodiversity 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 -
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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 -
Lamar Johnson/ESG Dive
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 -
Oli Scarff via Getty Images
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 -
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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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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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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 -
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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
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