Regulations: Page 3

  • An oil pumpjack is seen near a field of wind turbines
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    American Sustainable Business Council sues Texas over anti-ESG law

    The organization alleged that the 2021 law violates its members rights to speech and free association, as well as due process, and are seeking an injunction.

    By • Aug. 29, 2024
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    Retrieved from FHWA.
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    Low-carbon materials a ‘huge opportunity’ to green the transportation sector

    The Department of Transportation is releasing $800 million to reimburse builders for using cleaner construction products, Federal Highway Administrator Shailen Bhatt said

    By Julie Strupp • Aug. 28, 2024
  • Visual displaying components of ESG. Explore the Trendline➔
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    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
  • Hawaii wildfires litigation
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    Justin Sullivan via Getty Images
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    Hawaii $4B fire settlement would prevent insurers’ clawback claims

    A deal to resolve hundreds of lawsuits from the devastating 2023 Maui fires could collapse without a resolution on insurers’ recoupment rights against defendants.

    By Justin Bachman • Aug. 28, 2024
  • A close-up of a plastic water bottle in a bucket of ice as the Sun shines down on a hot Summer day.
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    cmannphoto via Getty Images
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    Deer Park water owner has microplastics greenwashing suit dismissed

    Earlier this month, a federal judge ruled that the class-action complaint against BlueTriton was preempted by federal law, but the plaintiffs recently amended their complaint.

    By • Aug. 27, 2024
  • Flags fly above the entrance of the BlackRock offices.
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    Andrew Burton via Getty Images
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    BlackRock hit with cease-and-desist by Indiana secretary of state

    The Hoosier State alleged 54 counts of securities violations in what BlackRock called “a politically motivated attack.”

    By • Aug. 26, 2024
  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building.
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    Chip Somodevilla via Getty Images
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    Friend or foe: Unpacking what the amicus briefs say about the SEC’s climate rule

    Amicus briefs in the Securities and Exchange Commission’s ongoing lawsuit concerning its climate disclosure rule find institutional investors and businesses largely on opposite sides.

    By • Aug. 20, 2024
  • Aerial view of Kansas City with a KC Streetcar present in street
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    TriggerPhoto via Getty Images
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    Federal judge issues permanent injunction on Missouri anti-ESG rules

    The court ruled that a pair of the state’s rules on socially responsible investing are preempted by national laws covering securities and pensions — and also unconstitutional.

    By • Aug. 16, 2024
  • An aerial view of a Texas Oil Refinery
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    Brandon Bell via Getty Images
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    Texas adds NatWest to its fossil fuel divestment list

    The list that now includes 16 companies has only one U.S. firm, BlackRock, raising questions on whether Texas avoids punishing Wall Street giants for their fossil fuel stance.

    By Rajashree Chakravarty • Aug. 16, 2024
  • A United Airlines plane takes off from San Francisco International Airport in front of the San Francisco skyline on March 13, 2023 in San Francisco, California.
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    Justin Sullivan via Getty Images
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    United Airlines gets sustainable fuel greenwashing lawsuit tossed

    A federal court dismissed a class-action suit brought against the airline that alleged it deceptively advertised its sustainable aviation fuel efforts.

    By • Aug. 15, 2024
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    Justin Sullivan/Getty Images via Getty Images
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    EPA unveils labels for green construction materials

    The program will support the Biden administration’s Buy Clean Initiative to boost lower-carbon building products on federal projects.

    By Julie Strupp • Aug. 13, 2024
  • The Louisiana State Capitol Building in Downtown Baton Rouge
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    CRobertson via Getty Images
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    Louisiana gives NZBA members underwriting approval despite anti-ESG law

    Net-Zero Banking Alliance members were approved as underwriters for state bonds “under a yellow caution flag.”

    By • Aug. 12, 2024
  • Senate Holds Hearing On Reform Of US Financial Market Regulations
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    Brendan Smialowski / Stringer via Getty Images
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    SEC defends its authority for climate disclosure rule in court

    The agency said its climate rule will help to better inform investors with “more detailed, consistent, and comparable information” in replying to legal challengers.

    By • Aug. 8, 2024
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    Biden administration appealing injunction against LNG pause

    A district court judge dismissed 11 of 16 charges against the administration but restricted it from further halting or pausing approvals for new liquefied natural gas export terminals.

    By • Aug. 7, 2024
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    Edwin Tan via Getty Images
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    Nat’l Association of Counties defends against attacks on its fiduciary duties

    The organization representing about 3,000 U.S. counties passed a resolution opposing interference in its investment decisions as part of its 2024-25 platform.

    By • Aug. 6, 2024
  • SEB vs. Wells Fargo, DEI hiring
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    Wells Fargo faces lawsuit for alleged sham DEI hiring effort

    The bank is said to have interviewed diverse candidates for jobs that were already filled or for which they weren’t qualified to polish its DEI credentials.

    By Robert Freedman • Aug. 6, 2024
  • Rep. Bill Huizenga speaks with glasses and a pen in one hand.
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    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.
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    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
  • 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."
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    Chip Somodevilla via Getty Images
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    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
  • An exterior shot of the U.S. Department of Labor's headquarters.
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    Kate Tornone/ESG Dive
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    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
  • The front facade of the Oklahoma State Capitol building.
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    Elizabeth Lara via Getty Images
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    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.
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    Jack Taylor via Getty Images
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    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.
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    Kate Tornone/ESG Dive
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    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
  • ESG reporting misrepresentation
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    Reduced shareholder lawsuit risk doesn’t mean more ESG reporting: study

    The lower risk of being sued means companies don’t need the social credibility that comes with the reports, a study finds.

    By Robert Freedman • 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
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    Drew Angerer via Getty Images
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    ‘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
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    Drew Angerer via Getty Images
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    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