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

Barclays ceases direct funding of new fossil fuel projects

The London-based bank will also require all its portfolio energy companies to report their scoped emissions reductions targets and any expansion plans by Jan. 1, 2025.

By Lamar Johnson • Feb. 12, 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

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

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

Global standard-setter proposes ethics guidelines to curb greenwashing risks

The International Ethics Standards Board for Accountants prepared a pair of ethics standards to help sustainability experts foster trust.

By Lamar Johnson • Jan. 31, 2024

A dozen state GOP agriculture heads probe Net Zero Banking Alliance members’ climate targets

None of the six banks — which include JPMorgan, Goldman Sachs and Citi — have published climate targets for the sector, according to their websites.

By Lamar Johnson • Jan. 30, 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

Walgreens reports spike in scope 3, points to business travel and downstream transportation

The retail pharmacy chain said it had reduced its overall carbon footprint by almost 25% compared to a 2019 baseline, despite a surge in scope 3 emissions.

By Zoya Mirza • Jan. 29, 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

Global Reporting Initiative updates biodiversity reporting standards

The standard for the first time includes increased transparency on impacts through the supply chain, as biodiversity loss is affecting every region of the world.

By Lamar Johnson • Jan. 26, 2024

2024 proxy outlook: What’s driving the ESG proposal approval dip?

Major asset managers and a spate of anti-ESG proposals helped push approval rates down, yet even more ESG proposals are expected after a record 2023.

By Lamar Johnson • Jan. 25, 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

76% of companies link pay to ESG performance in rising trend: WTW

The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.

By Jim Tyson • Jan. 25, 2024

Crown, IP, Smurfit Kappa among ‘early adopters’ for nature-related financial disclosures

As biodiversity loss becomes more of a concern in sustainability reporting, multiple packaging companies have agreed to align reporting with recommendations from the Taskforce on Nature-related Financial Disclosures.

By Maria Rachal • Jan. 23, 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

ESG to factor strongly in 2024 executive pay plans despite pushback: WTW

Environmental, social and governance strategies are “here to stay,” consultants said. But U.S. company boards are also seeking a more tailored approach.

By Ryan Golden • Dec. 22, 2023

Wyoming to require disclosure of the use of social investment factors

The secretary of state adopted the rule because of ongoing concerns about ESG strategies negatively affecting state industries like coal and agriculture.

By Lamar Johnson • Dec. 20, 2023

Unilever under UK investigation for alleged greenwashing of products

The British competition regulator will scrutinize environmental claims for consumer goods made by the CPG giant, including Dove, Comfort and Cif.

By Iulia Gheorghiu • Updated Dec. 20, 2023

Companies setting their own carbon prices without global standard: Reuters

The new analysis from the Climate Disclosure Project has found companies’ internal carbon prices range anywhere from under $1 to $1,600 per metric ton of carbon emissions.

By Lamar Johnson • Dec. 13, 2023

Lidl US’s first corporate social responsibility report outlines a dozen top goals for the company

The discounter said it aims to narrow its gender pay gap as well as reduce scope 1 and scope 2 greenhouse gas emissions by 70% by 2030.

By Catherine Douglas Moran • Dec. 8, 2023

Disney says ESG policies could cut into profits

Oklahoma’s state treasurer said the filing proves taking environmental, social and governance factors into account diminishes shareholder returns.

By Lamar Johnson • Dec. 4, 2023

Bloomberg tool to map data based on UN Sustainable Development Goals

The company said the enterprise tool is the first to allow investors to assess how corporations are impacting the UN’s 2030 agenda.

By Lamar Johnson • Nov. 28, 2023

NYU’s Stern calls for system overhaul in ESG ratings

Environmental, social and governance investing should center on companies’ impacts on the environment and society rather than shareholder profit, the report argues.

By Lamar Johnson • Nov. 27, 2023