Finance: Page 5

  • Rep. Bill Huizenga speaks with glasses and a pen in one hand.
    Image attribution tooltip
    Kevin Dietsch via Getty Images
    Image attribution tooltip

    House Republicans issue final ESG Working Group report

    The Republican group housed within the House Financial Services Committee said the current proxy system is “an environment ripe for abuse.”

    By • Aug. 5, 2024
  • The exterior of the U.S. Capitol building in Washington, D.C.
    Image attribution tooltip
    Jemal Countess via Getty Images
    Image attribution tooltip

    Window to repeal SEC climate disclosure rule closes

    While congressional Republicans failed to repeal the rule through the Congressional Review Act, the rule is still being targeted by policy riders in the appropriations process.

    By • Aug. 2, 2024
  • Visual displaying components of ESG. Explore the Trendline➔
    Image attribution tooltip
    TarikVision via Getty Images
    Image attribution tooltip
    Trendline

    Top 5 stories from ESG Dive

    This year has shaped 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
  • Jim Jordan sits behind a podium with his right hand around a pen and resting on his chin. Out of focus, the podium reads "Mr. Jordan, Chairman."
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    House Judiciary probes Climate Action 100+ members as ESG investigation continues

    The Republican heads of the Judiciary Committee and one subcommittee sent letters to over 130 U.S.-based companies, systems and funds associated associated with CA100+.

    By • Aug. 1, 2024
  • A factory is seen with a cloud of smoke behind it, demonstrating emissions.
    Image attribution tooltip
    Lukas Schulze/Getty Images via Getty Images
    Image attribution tooltip

    Dems back CFTC’s proposed guidance for voluntary carbon markets

    Nine Democratic lawmakers expressed support for the Commodity Futures Trading Commission’s proposed guidance for companies looking to list and trade carbon credits.

    By • Aug. 1, 2024
  • Executives are seen speaking during a meeting.
    Image attribution tooltip
    AzmanL via Getty Images
    Image attribution tooltip

    Approval rates for environmental, social proposals continue to crater despite record submissions

    Average support for environmental and social shareholder proposals was at just 16.2% through the first half of the year, Diligent Marketplace Intelligence reported.

    By • July 31, 2024
  • Spools of thread on a weaving machine
    Image attribution tooltip
    Courtesy of Unspun
    Image attribution tooltip

    Weaving tech company scores $32M to decarbonize fashion supply chains

    Unspun plans to expand the use of its 3D machinery which boosts circular production by localizing manufacturing capabilities.

    By Lara Ewen • July 31, 2024
  • Tree on stack of silver coins and crystal globe
    Image attribution tooltip
    Wanan Yossingkum via Getty Images
    Image attribution tooltip

    SBTi: ‘Clear risks’ to using carbon credits to offset emissions

    Recent research from the climate target validation organization found that “various types of carbon credits are ineffective in delivering their intended mitigation outcome.”

    By • July 30, 2024
  • Paris town hall draped with the city's 2024 Olympic logo and a plaza with people.
    Image attribution tooltip
    Pascal Le Segretain via Getty Images
    Image attribution tooltip

    Olympics aim to boost UN’s sustainable development goals

    The Olympics’ governing body and France held a pre-opening summit to discuss how to use sports to drive the United Nations’ 2030 sustainability targets.

    By • July 29, 2024
  • Computer screen shows data, images & moving graphics associated with climate change.
    Image attribution tooltip
    Laurence Dutton via Getty Images
    Image attribution tooltip

    Data platform Paces nabs $11M to scale clean energy development

    The new funding will help the company improve its platform, enhance its data intelligence and make certain data tools more available throughout the United States.

    By • July 29, 2024
  • An exterior shot of the U.S. Department of Labor's headquarters.
    Image attribution tooltip
    Kate Tornone/ESG Dive
    Image attribution tooltip

    Labor Dept. defends ESG rule in a post-Chevron landscape

    An ongoing challenge to a rule allowing pension fund managers to consider ESG factors stands as a litmus test under a recent Supreme Court ruling.

    By • Updated Oct. 21, 2024
  • JPMorgan Chase global head of sustainable solutions Chuka Umunna
    Image attribution tooltip
    Jack Taylor via Getty Images
    Image attribution tooltip

    JPMorgan appoints new global head of sustainable solutions

    Chuka Umunna, a former British MP, will lead the bank's ESG and sustainable solutions arm alongside his role overseeing Europe, the Middle East and Africa.

    By • July 25, 2024
  • Modern container battery energy storage power plant system rendering
    Image attribution tooltip
    Petmal via Getty Images
    Image attribution tooltip

    Energy storage industry sees 117% increase in corporate funding in H1 2024: Mercom

    Storage deal volume reached $15.4 billion in the six months ending June 30, but funding for smart grid companies dropped 11% from the year-earlier period to $1.8 billion, Mercom Capital Group said.

    By Brian Martucci • July 25, 2024
  • H&M's logo is pictured on a sign on a building.
    Image attribution tooltip
    Justin Sullivan/Getty Images via Getty Images
    Image attribution tooltip

    H&M’s ‘green’ financing tool supports supplier sustainability

    The collaborative program aims to help manufacturers overcome the funding hurdles of implementing sustainable practices. Here's how.

    By Kelly Stroh • July 24, 2024
  • Mukhtar Babayev, COP29 President-Designate, speaks on stage.
    Image attribution tooltip
    Sean Gallup via Getty Images
    Image attribution tooltip

    COP29 president lays out climate action priorities ahead of summit

    Azerbaijan’s Mukhtar Babayev said he’s committed to boosting climate finance and finalizing the implementation of the Paris Agreement’s Article 6 at this year’s summit.

    By • July 23, 2024
  • The front facade of the Oklahoma State Capitol building.
    Image attribution tooltip
    Elizabeth Lara via Getty Images
    Image attribution tooltip

    Oklahoma judge permanently blocks state’s anti-ESG law

    The ruling extends a temporary injunction against the law issued in May, though Oklahoma Attorney General Gentner Drummond said he will bring an appeal to the state Supreme Court.

    By • July 23, 2024
  • The Deloitte logo is shown on an office building.
    Image attribution tooltip
    Jack Taylor via Getty Images
    Image attribution tooltip

    Sustainability reporting, ESG management roles on the rise: Deloitte

    The accounting firm’s survey of 300 executives at public companies pointed to an increase in sustainability oversight as disclosure requirements mount.

    By • July 22, 2024
  • A U.S. Department of Labor sign is see outside the agency.
    Image attribution tooltip
    Kate Tornone/ESG Dive
    Image attribution tooltip

    Challenge to Labor Dept. ESG rule kicked back to lower court

    A U.S. Appeals Court vacated a prior ruling, which relied on the overturned Chevron doctrine, and sent it back to Texas’ Northern District “given the upended legal landscape.”

    By • July 22, 2024
  • Truck driving along road with a field of wind turbines stretching across the land behind it and a storm coming in from the left side of the sky.
    Image attribution tooltip
    Mario Tama/Getty Images via Getty Images
    Image attribution tooltip

    Vanguard clients ask new CEO to prioritize climate risk

    Over 8,000 clients urged Salim Ramji to “steer Vanguard in a new direction” and prioritize climate risk as part of the firm’s risk management strategies.

    By • July 19, 2024
  • michael hsu acting head of the OCC rests his chin on his hand in front of a christmas tree at a federal regulatory meeting
    Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip

    ‘Polarizing’ state laws risk ‘fragmenting’ system: bank regulator

    Acting Comptroller of the Currency Michael Hsu said banks are increasingly asked by state policies to “pick a side in service of performative politics rather than deliberative policy.”

    By • July 18, 2024
  • Image of SEC Chair Gary Gensler
    Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip

    SEC rule jumpstarts Corpay CAO’s ESG push

    The climate disclosure rule’s March passage helped push the payments player to double down on its ESG reporting strategy, Chief Accounting Officer Alissa Vickery said.

    By Maura Webber Sadovi • July 18, 2024
  • Wind turbines spin behind a solar energy park.
    Image attribution tooltip
    Sean Gallup via Getty Images
    Image attribution tooltip

    LevelTen Energy scores $65M to scale clean energy transition

    The transaction infrastructure company connects renewable energy buyers, sellers and advisors and plans to use the financing to expand its platform.

    By • July 17, 2024
  • A man on a rooftop looks at approaching flames.
    Image attribution tooltip
    David McNew via Getty Images
    Image attribution tooltip

    5 takeaways on costs, challenges of climate disclosure compliance

    Complacency regarding the SEC’s now-stayed rules could leave companies “scrambling to try to get ready” once they are put in place, PwC’s Marc Siegel said.

    By Maura Webber Sadovi • July 16, 2024
  • Shot of BlackRock building from below with company logo centered and U.S. flag visible to the right of company name.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    BlackRock updates climate stewardship policies, targeting $150B in funds

    The policies will initially apply to 83 European investment funds with $150 billion in assets under management and prioritize sectors and companies “critical” to the clean energy transition.

    By • July 15, 2024
  • Oklahoma Republican Representative Tom Cole at a hearing
    Image attribution tooltip
    Zach Gibson via Getty Images
    Image attribution tooltip

    House panel approves FY25 budget that strikes Labor Dept. ESG rule

    The Republican-led House Appropriations Committee advanced a funding bill for the agency containing the policy rider.

    By • July 12, 2024
  • Image attribution tooltip
    Alex Wroblewski via Getty Images
    Image attribution tooltip

    Senators press Jamie Dimon on alleged climate turnabout

    The lawmakers, including Sen. Elizabeth Warren, D-MA, demanded answers from the JPMorgan Chase CEO on the bank's environmental "commitments" and "aspirations."

    By Gabrielle Saulsbery • July 12, 2024