House GOP continues to hammer SEC over climate rule

The House Financial Services Committee questioned the agency’s authority to promulgate the climate disclosure regulation both in the chamber and on the road.

By Lamar Johnson • March 21, 2024

Ohio, Kentucky, Tennessee sue SEC to block climate rule, build on Republican-led backlash

The trio of states, led by Ohio Attorney General Dave Yost, have asked a federal court to review the rule and stop the agency from “overstepping its authority.”

By Zoya Mirza • March 20, 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

Federal appeals court pauses SEC climate rule implementation

The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit Court of Appeals, as the first of multiple challenges yields action.

By Lamar Johnson • March 19, 2024

Net-Zero Banking Alliance updates disclosure guidance, extends to capital markets

The UN-aligned group also stressed that all member banks should act and set climate targets independently, following a flurry of antitrust allegations.

By Lamar Johnson • March 14, 2024

As You Sow stays the course with plastic reduction resolutions despite ESG headwinds

“I think this is a really difficult year for shareholder resolutions,” said Kelly McBee, circular economy manager at As You Sow. To date, its 2024 consumer packaging efforts target Altria, Amazon and others.

By Maria Rachal • March 14, 2024

Determining if GHG is material to your company: KPMG’s ESG audit leader

Maura Hodge said companies will need to take a quantitative and qualitative approach to gauge whether to disclose scope 1 and scope 2 emissions.

By Lamar Johnson • March 13, 2024

SEC’s climate disclosure rule: from proposal to approval

A look at the agency’s two-year journey to finalizing the rule amid a backdrop of conflicting opinions on its authority.

By Zoya Mirza , Lamar Johnson • March 13, 2024

10 Republican-led states file lawsuit to block SEC’s climate disclosure rule

The challenge, led by West Virginia, was announced before the ink could dry on the agency’s final rule.

By Lamar Johnson • March 8, 2024

Gender diversity on boards correlates with high credit quality: Moody’s

Investors seek greater gender and racial diversity on corporate boards, according to the Securities and Exchange Commission.

By Jim Tyson • March 8, 2024

Conflicting views on SEC’s authority set the tone for climate disclosure rule vote

The newly-passed regulation faces criticism from supporters and detractors for not going far enough and going too far, respectively.

By Zoya Mirza , Lamar Johnson • March 7, 2024

SEC approves final climate disclosure rule, starts compliance countdown

The rule passed by a 3-2 vote Wednesday morning, absent requirements for scope 3 reporting and slimmer scope 1 and scope 2 requirements.

By Lamar Johnson • March 6, 2024

Meeting ESG requirements is ‘significantly more challenging,’ say executives: Workiva

The study found that companies are at various stages of preparedness, with new pressure on firms to refine data collection, reporting and verification systems.

By Suman Bhattacharyya • March 6, 2024

SEC drops scope 3 from final climate rule, takes phased approach to scope 1 and 2 reporting

The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.

By Lamar Johnson • Updated March 6, 2024

A primer on the SEC’s climate disclosure rule ahead of its vote

A look at the rule the agency proposed in 2022, what’s expected to change and what will be finalized at Wednesday’s vote.

By Lamar Johnson • March 5, 2024

93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC

The spotlight on confusion from a jumble of ESG frameworks arrived just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.

By Jim Tyson • March 5, 2024

Mounting ESG scrutiny could affect revenues, reputation: BlackRock

Increasing domestic and international ESG regulations could increase compliance costs and uncertainty, the firm said in its annual SEC filing.

By Lamar Johnson • March 4, 2024

Scope 3 will be a focus for large companies regardless of SEC rule outcome, KPMG says

Large companies will still need to track scope 3 emissions as part of California and European Union requirements, analysts said.

By Suman Bhattacharyya • March 1, 2024

SEC to vote on climate disclosure rule next week

The agency will “consider whether to adopt rules to require registrants to provide certain climate-related information” at a March 6 open commission meeting.

By Zoya Mirza • Feb. 29, 2024

Mercedes-Benz delays EV goal amid slowing demand

Low-cost EV sales are growing faster than more expensive luxury models, a company executive said.

By Michael Brady • Feb. 28, 2024

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

Businesses face significant data collection hurdles while meeting ESG reporting requirements, KPMG says

In a survey across industries, KPMG found that nearly half of respondents were using spreadsheets to manage ESG data.

By Suman Bhattacharyya • Feb. 23, 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

Biodiversity emerges as an ESG priority in packaging, but measurement could be a challenge

As international standards evolve, fiber-based packaging companies are in the spotlight. Smurfit Kappa, WestRock, the Sustainable Forestry Initiative and Canopy Planet weigh in on what the increased focus means for the industry.

By April Reese • Feb. 21, 2024

Exclusive: Carbon management platform Gravity Climate joins ESG Data Convergence Initiative

“The world of private equity has a massive opportunity to influence so many different companies that don't necessarily receive direct pressure,” Gravity Climate’s CEO told ESG Dive.

By Lamar Johnson • Feb. 20, 2024