Regulations: Page 5
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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 Zoya Mirza • Feb. 26, 2024 -
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 -
Explore the Trendline➔
Mario Tama via Getty ImagesTrendlineSustainability initiatives gain traction against backdrop of climate disclosure rules
Several companies have already committed to achieving net-zero emissions by 2050 and many have also set near-term targets to curb their carbon footprint by the end of the decade.
By Sudaten staff -
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 -
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 Lamar Johnson • Feb. 21, 2024 -
Retrieved from House of Representatives.
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 -
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 -
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 -
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 -
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 Lamar Johnson • Feb. 9, 2024 -
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 Lamar Johnson • Feb. 8, 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 -
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 Zoya Mirza • Feb. 5, 2024 -
Arjuna Capital, Follow This pull Exxon climate proposal after lawsuit
Natasha Lamb, Arjuna Capital’s chief investment officer, warned the lawsuit will silence investors concerned about climate risks.
By Lamar Johnson • Feb. 5, 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 -
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 -
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 -
US solar industry awaits federal moves on interest rates, tax credits as global M&A activity drops 15%
Global corporate solar funding rose to $34.3 billion last year with help from IRA incentives, while high interest rates slowed acquisition activity, said Mercom Capital Group CEO Raj Prabhu.
By Diana DiGangi • Jan. 26, 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 -
New Hampshire bill would make use of ESG in investments a felony
The bill would punish “knowingly” using ESG factors in investment decisions with at least a year in prison.
By Lamar Johnson • Jan. 22, 2024 -
Top court appears mixed on keeping Chevron deference
The doctrine was recently cited to support the dismissal of a lawsuit challenging a Labor Department rule allowing employee retirement fund managers to consider ESG factors.
By Robert Freedman • Jan. 19, 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 -
Sudaten
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 -
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 Lamar Johnson • Jan. 18, 2024 -
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