Nasdaq board diversity rule challenge will be reheard en banc

The case will return to the 5th Circuit with the context of the 2023 Supreme Court ruling that struck down race-conscious admissions at colleges.

By Kathryn Moody • Feb. 27, 2024

American Airlines must face pilot’s lawsuit over ESG investments

Federal Judge Reed O’Connor said the pilot has a plausible enough complaint to continue, despite not yet factually proving any harm.

By Lamar Johnson • Feb. 26, 2024

Explore the 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

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

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

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

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

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

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