Reporting: Page 6
-
Zolnierek via Getty Images
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 -
Chip Somodevilla via Getty Images
Climate risks ‘highly uncertain and challenging to measure,’ banks tell Fed
In the climate scenario exercise, the nation’s six biggest banks found data gaps in real estate exposure, insurance, debtors’ transition risk management and infrastructure, the Fed said.
By Caitlin Mullen • May 10, 2024 -
Explore the Trendline➔
TarikVision via Getty Images
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 -
Jose Gulias Trigas via Getty Images
OpinionThere are 3 fundamental problems with scope 2 emissions accounting. Here’s how to fix them.
Society cannot afford actions and expenditures to support claims of progress while not accomplishing real-world emission reductions.
By Neil Fisher, Roger Ballentine and Armond Cohen • May 8, 2024 -
Max Kegfire via Getty Images
More companies are tying ESG metrics to executive compensation: WTW
Despite political blowback in the U.S., companies are increasingly incorporating ESG metrics into performance measures and incentive plans, according to the insurance services provider.
By Suman Bhattacharyya • May 8, 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 -
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 -
Jack Taylor / Stringer via Getty Images
EY acquires Denkstatt to boost sustainability consulting services
The two consulting firms will collaborate to provide clients ESG-relevant services such as emissions reporting, circular economy strategies and sustainability assessments.
By Zoya Mirza • May 1, 2024 -
Rodin Eckenroth via Getty Images
CalSTRS reports issues in calculating emissions of $336B portfolio
The California pension fund said it would delay disclosing its 2023 carbon footprint until 2025, citing significant data and calculation issues.
By Zoya Mirza • April 30, 2024 -
Chris Hondros / Staff via Getty Images
Citi achieves $441B of its $1 trillion sustainable finance 2030 goal: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
By Lamar Johnson • April 30, 2024 -
Sean Gallup via Getty Images
Apple reports it’s halved emissions since 2015 for goal of carbon neutrality by 2030
The Cupertino, California-based tech giant also set new 2030 goals for clean energy and clean water last week.
By Lamar Johnson • April 22, 2024 -
Courtesy of Ford Motor Co.
Ford, GM, Honda collaborate on standardized scope 3 emissions reporting
A new supplier questionnaire can streamline how suppliers report on climate goals and consumption.
By S.L. Fuller • April 22, 2024 -
Wanan Yossingkum via Getty Images
Net-Zero Asset Owner Alliance’s updated target-setting to cover all private assets
The fourth edition of the protocols will also include guidance for members to set 2030 goals aligned with the Paris Agreement.
By Lamar Johnson • April 19, 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 -
Moeru Matsunoo via Getty Images
SBTi walks back carbon offset policy changes after staff backlash
The Science Based Targets initiative backtracked on expanding the use of environmental offsets in corporate scope 3 plans after staff called for its CEO’s resignation.
By Lamar Johnson • April 16, 2024 -
Joe Raedle / Staff via Getty Images
Capital One shareholders urged to approve scope 3 target-setting proposal
The New York State Common Retirement Fund said the targets are necessary to fully assess the bank’s climate risk exposure and mitigation strategies.
By Lamar Johnson • April 15, 2024 -
Courtesy of Henkel
Henkel to engage packaging suppliers in bid to lower scope 3 emissions
The German consumer goods company behind brands like Dial soaps and Soft Scrub cleaners says about a quarter of its value chain emissions are caused by packaging and raw materials. It’s targeting decreases by 2030.
By Maria Rachal • April 15, 2024 -
Fahroni via Getty Images
SBTi to allow for expanded carbon credit use in net-zero plans despite staff opposition
The organization said it will not evaluate the quality of carbon credits when assessing how corporations’ strategies for scope 3 emissions abatement align with climate science.
By Lamar Johnson • April 12, 2024 -
Mario Tama via Getty Images
Insurers falling short on climate commitments: ShareAction
Most insurers surveyed had few or no restrictions on conventional oil and gas in both their underwriting and investment activities.
By Suman Bhattacharyya • April 12, 2024 -
Kevin Dietsch via Getty Images
House GOP begins congressional challenge to SEC climate disclosure rule
House Financial Services Committee Chair Patrick McHenry said the agency’s voluntary pause is “not enough.”
By Lamar Johnson • April 11, 2024 -
Andrii Kozlytskyi via Getty Images
Majority of fashion brands won’t meet their emissions goals: report
About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.
By Lauren Schenkman • April 11, 2024 -
Mark Wilson/Newsmakers via Getty Images
SEC reiterates no scope 3 in final climate rule
Agency officials are starting to educate industry stakeholders and investors on the paused rule’s required disclosures, while defending it in court.
By Lamar Johnson • April 9, 2024 -
Brandon Bell via Getty Images
Two-thirds of ‘sustainable’ passive funds are supporting fossil fuel expansion: Reclaim Finance
Greenwashing threatens efforts to advance sustainability goals, researchers from the climate nonprofit say.
By Suman Bhattacharyya • April 8, 2024 -
Matt Cardy via Getty Images
RBC joins Citi, JPMorgan in disclosing green financing ratios
New York City Comptroller Brad Lander announced this week that the shareholder proposals put forward by the city’s retirement system have been pulled at all three banks.
By Lamar Johnson • April 5, 2024 -
Brendan Smialowski via Getty Images
SEC stays climate-risk disclosure rule as it works through legal challenges
The agency maintains that the regulation is within the agency’s authority and said it “will continue vigorously defending the Final Rules’ validity in court.”
By Lamar Johnson • April 4, 2024 -
Tasos Katopodis via Getty Images
Climate rule ‘mandates disclosures not financially material to investors,’ says SEC Commissioner
Commissioner Mark Uyeda’s comments Tuesday mirrored his March 6 testimony opposing the passage of the agency’s climate disclosure rule.
By Zoya Mirza • April 4, 2024
Previous
