Regulations: Page 4
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EEI joins AEP, Duke, other utilities in suing EPA over power plant greenhouse gas rule
The trade group for investor-owned utilities contends it is “premature” to set emission limits based on carbon capture technology.
By Ethan Howland • May 29, 2024 -
Joe Raedle / Staff via Getty Images
American Airlines pilot’s anti-ESG lawsuit certified as class action
The size of the certified class is expected to exceed 100,000, according to court documents, as the airline is accused of violating its ERISA duties.
By Lamar Johnson • May 28, 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, 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 -
Sean Gallup via Getty Images
Opinion3 ESG lessons CFOs can learn from SOX compliance
ESG reporting may be a relatively new challenge but there is nothing new about C-suite leaders facing “perfect storm” reporting requirements, Wolters Kluwer's Alessio Lolli writes.
By Alessio Lolli • May 28, 2024 -
Brandon Bell via Getty Images
Anti-ESG laws hurting Texas economically, unpopular with voters: research
Pro-ESG group Unlocking America’s Future said Texas’ anti-ESG laws are hurting the state’s reputation as being “good for business.”
By Lamar Johnson • May 21, 2024 -
Sean Pavone via Getty Images
BlackRock, State Street retain Oklahoma pension system contracts after anti-ESG law pause
Contract renewals for the two firms were on hold due to Oklahoma’s 2022 Energy Discrimination Elimination Act, which got blocked by a district court judge earlier this month.
By Lamar Johnson • May 20, 2024 -
Courtesy of BCG
Q&AHow companies should approach compliance under multiple climate reporting regulations: BCG
Companies may need to reorganize as climate disclosure mandates take shape, says Tim Mohin, a partner and director at Boston Consulting Group.
By Suman Bhattacharyya • May 20, 2024 -
image via Getty Images
Schneider Electric purchases IRA tax credits from solar manufacturer
The senior director of renewables for Schneider’s sustainability business called the Inflation Reduction Act’s transferable credits a “revolutionary development.”
By Lamar Johnson • May 17, 2024 -
Bilanol via Getty Images
Clean energy tax credit market poised to grow under new transferability rules
The transferability mechanism makes it easier for clean energy project developers and owners to sell IRA tax credits for cash.
By Brian Martucci • May 17, 2024 -
Stock via Getty Images
Q&ARegulations could improve ESG in fashion, but Worldly exec says it’s not enough
James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.
By Laurel Deppen • May 16, 2024 -
Drew Angerer via Getty Images
Congressional Democrats urge SEC to finalize ‘critical’ ESG greenwashing rule
The lawmakers said the rule will address misleading information about sustainable funds “and other exaggerated or unfounded ESG-related claims amongst funds and investment advisers.”
By Lamar Johnson • May 15, 2024 -
Alex Wong via Getty Images
Biden hikes tariffs on China-made EVs, batteries, semiconductors
The tariffs align with U.S. efforts to get ahead of China in clean energy and advanced technology manufacturing, while also increasing supply chain control.
By Kate Magill • May 15, 2024 -
Justin Sullivan/Getty via Getty Images
California Gov. Newsom says climate bills are ‘funded’ in his revised state budget
The governor’s original budget proposal for 2024-2025 left out funding needed to implement climate disclosure bills SB 253 and SB 261 — an omission met with much criticism.
By Zoya Mirza • May 14, 2024 -
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Challenge to SEC’s enhanced proxy reporting rule dismissed by appeals court
The Fifth Circuit Court of Appeals said the lawsuit put forward by four Republican-led states lacked standing and failed to provide evidence of alleged increased compliance costs.
By Lamar Johnson • May 13, 2024 -
Courtesy of Red Hat
Red Hat’s DEI program discriminatory, lawsuit says
A senior manager says he was fired for being white and male and retaliated against for his merit-based hiring advocacy.
By Robert Freedman • May 13, 2024 -
Getty Creative via Getty Images
81% of companies not covered by CSRD still plan to comply: Workiva
Workiva’s global vice president of ESG said the EU’s Corporate Sustainability Reporting Directive is becoming the “gold standard,” with or without the SEC’s climate rule.
By Lamar Johnson • May 7, 2024 -
Chip Somodevilla via Getty Images
FTC greenlights $64.5B Exxon-Pioneer merger, bars former CEO from board seat
The Federal Trade Commission blocked the former CEO of Pioneer Natural Resources from joining the new company’s board of directors over concerns of colluding with OPEC.
By Zoya Mirza • May 6, 2024 -
Carl Court via Getty Images
EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply
Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.
By Zoya Mirza • May 2, 2024 -
Ryan Golden/ESG Dive
EEOC finalizes harassment guidance, addressing remote work and gender identity
Harassment can include “outing” individuals, misgendering, and prohibiting workers from using sex-segregated bathrooms consistent with their gender identity, the agency said.
By Emilie Shumway • May 1, 2024 -
Mario Tama via Getty Images
IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism
“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said Ray Long, CEO and president of the American Council on Renewable Energy.
By Diana DiGangi • April 29, 2024 -
Nick van Bree via Getty Images
EPA finalizes fossil-fueled power plant emission rules
Electric utilities called the power plant rules “disappointing” and “unlawful” and say the rules will create reliability and affordability challenges.
By Robert Walton • April 26, 2024 -
Leon Neal via Getty Images
Human rights and environmental legislation approved by European Parliament
The Corporate Sustainability Due Diligence Directive holds companies and supply chain partners accountable for ESG compliance.
By Lauren Schenkman • April 26, 2024 -
Elizabeth Lara via Getty Images
Oklahoma group raises red flag on anti-ESG law as Republicans weigh rollback
The Oklahoma Rural Association said municipalities are facing increased borrowing costs, as state representatives look to exempt subdivisions from the law.
By Lamar Johnson • April 24, 2024 -
Drew Angerer via Getty Images
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 -
pidjoe via Getty Images
OpinionThe time is ripe for utilities to play a larger role in the energy transition
Utilities should provide upfront support to low- and moderate-income customers customers for residential electrification and decarbonization measures to prevent them from being stuck on the existing fossil fuel systems.
By Dan Bakal • April 18, 2024 -
Sean Gallup via Getty Images
Volkswagen subsidiary to pay nearly $49M in SEC fraud case
The SEC claims the finance unit sold bonds at a time when senior Volkswagen executives knew that more than 500,000 of their vehicles in the United States “grossly exceeded legal vehicle emissions limits.”
By Haley Cawthon • April 12, 2024
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