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Submission: On January 23 via api from CA — Scanned from CA
Effective URL: https://www.esgdive.com/
Submission: On January 23 via api from CA — Scanned from CA
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Skip to main content CONTINUE TO SITE ➞ DON’T MISS TOMORROW’S ENERGY, SUSTAINABILITY AND GOVERNANCE INDUSTRY NEWS Let ESG Dive’s free newsletter keep you informed, straight from your inbox. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. * Deep Dive * Library * Press Releases * Topics Sign up * Search * Sign up Search * Sustainability * Social Responsibility * Corporate Governance * Reporting * Regulations * Technology * Finance Brandon Bell via Getty Images EXXONMOBIL SUES ESG INVESTORS TO BLOCK CLIMATE PROPOSALS The natural gas giant alleges shareholder proposals from Arjuna Capital and Follow This are a violation of federal securities laws and “driven by an extreme agenda.” Read more ➔ TOP STORIES 1. NEW HAMPSHIRE BILL WOULD MAKE USE OF ESG IN INVESTMENTS A FELONY 2. BLACKROCK EASES ON ESG MESSAGING AMID INCREASED SCRUTINY 3. TURNING DEI POLICIES INTO ASPIRATIONS UNLIKELY TO STEM BIAS LAWSUITS 4. HOUSE GOP SAYS SEC IS OVERSTEPPING AUTHORITY, CANNOT DEMAND CLIMATE DISCLOSURES 5. BCG, 1POINTFIVE INK CARBON CAPTURE REMOVAL CREDITS DEAL THE LATEST * * Kevin Dietsch via Getty Images Deep Dive 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. Sustainability * Chip Somodevilla via Getty Images 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. Regulations * Mario Tama via Getty Images EXCLUSIVE: PRO-ESG GROUP TALLIES $150M IN BIG OIL DONATIONS TO REPUBLICANS OPPOSING SEC CLIMATE RULE A broad majority of the nearly 250 Republican state and congressional lawmakers have also expressed concerns about the rule’s inclusion of scope 3 disclosure, according to Unlocking America’s Future. Regulations * Drew Angerer via Getty Images ANTI-ESG CRUSADER VIVEK RAMASWAMY DROPS OUT OF 2024 PRESIDENTIAL RACE The political newcomer ended his GOP White House bid after finishing fourth place in the Iowa caucuses and endorsed former President Donald Trump shortly after. Sustainability * SCALE YOUR CONTENT MARKETING PROGRAM, FUEL YOUR CHANNELS, AND BUILD TRUST. DIVE IN WITH 2,200 OF THE WORLD’S BEST PUBLISHERS. Learn More * Fadel Dawod via Getty Images JOHN KERRY LEAVING WHITE HOUSE CLIMATE POST, PER MULTIPLE REPORTS The United States special presidential envoy for climate will leave his current post in the coming months to focus on Joe Biden’s presidential reelection campaign, per reports. Sustainability * Getty Images via Getty Images CIRCULARITY COULD REDUCE DEPENDENCE ON CHINA FOR RARE EARTHS: STUDY Reuse and recycling could help the U.S. meet up to 40% of its demand for materials critical to the energy transition, according to a new scientific paper. Sustainability * Kaarin Vembar/ESG Dive WALMART TO PAY $60K OVER CLAIM IT DID NOT PROMOTE WOMAN WITH YOUNG CHILDREN The retailer promoted an employee who did not have young children, amounting to sex discrimination, the EEOC alleged. Social Responsibility * Anna Moneymaker via Getty Images Deep Dive 4 ESG TRENDS THAT SET THE TONE FOR 2024 It’s shaping up to be a big year for ESG with a packed SEC agenda, fights over corporate DEI efforts and shareholder rights and a focus on financing the net zero transition. Sustainability * Sponsored by Chomp Food Waste Solutions: Composting vs Anaerobic Digestion Find the best food waste solution with this guide that explores composting and on-site anaerobic digestion to convert organic waste into valuable resources. Download the Guide * Spencer Platt via Getty Images BLACKROCK BUYS GLOBAL INFRASTRUCTURE PARTNERS, MAKES $12.5B BET ON INFRASTRUCTURE MARKET The asset manager cited “a movement toward decarbonization and energy security in many parts of the world” as a reason for the deal. Sustainability * Justin Sullivan via Getty Images RECYCLING TECH COMPANY RESYNERGI SECURES $6.4M TO ACCELERATE PLASTIC CIRCULARITY The funding will help scale the company’s Continuous Microwave Assisted Pyrolysis reactor, which generates clean products with a 68% reduction in carbon dioxide equivalent. Sustainability * Courtesy of Hertz/GM HERTZ REVERSES COURSE ON ELECTRIC VEHICLES The company, which once said EVs would account for a quarter of its rental fleet by 2025, is selling some 20,000 electric vehicles and replacing them with gas-powered cars. Sustainability * Joe Raedle via Getty Images CHESAPEAKE, SOUTHWESTERN ENERGY CREATE NEW OIL GIANT WITH $7.4B MERGER The combined portfolios, which will operate under a new company, will create the largest natural gas producer in the United States. Sustainability * Scott Olson via Getty Images SPHERA ACQUIRES SUPPLYSHIFT TO IMPROVE SCOPE 3 TRACKING CAPABILITIES The deal comes as companies across the globe are facing increased regulatory pressure to report on their scope 3 emissions and carbon footprint. Sustainability * Retrieved from California Governor Gavin Newsom/YouTube. CLIMATE FUNDING TAKES HIT IN CALIFORNIA GOVERNOR’S 2024 BUDGET PROPOSAL Transit funding, however, was relatively unscathed in Gov. Gavin Newsom’s proposed 2024-25 fiscal year budget, which represents $20 billion in cuts from last year. Sustainability * Scott Olson via Getty Images NEIMAN MARCUS BEATS 2025 DEI GOAL, INCREASES DIVERSITY ACROSS SENIOR LEADERSHIP The luxury retailer said it had increased diversity across leadership roles, vice president level and up, by 21%, and was adopting external standards to measure and advance workplace equity. Sustainability * Mario Tama via Getty Images RHODIUM: US GREENHOUSE GAS EMISSIONS FELL IN 2023, DESPITE ECONOMIC GROWTH Preliminary estimates show emissions are now 17.2% below pre-2005 levels, but the emissions reduction rate needs to more than triple to reach Paris Agreement goals. Sustainability * Anna Moneymaker via Getty Images WHAT CONGRESS’ NEW ATTEMPT TO STRENGTHEN AGE BIAS LAWS MEANS FOR EMPLOYERS The Protecting Older Workers Against Discrimination Act would restore the “mixed-motive” test struck down by a 2009 U.S. Supreme Court decision. Social Responsibility * Joe Hendrickson via Getty Images MISSOURI’S BID TO DISMISS ANTI ESG-RULES SUIT IS DENIED The U.S. federal judge’s decision greenlights a lawsuit challenging two of the state’s ESG rules that affect financial institutions. Sustainability * Joe Raedle via Getty Images HOW 3 STATES ARE ATTACKING CARBON EMISSIONS FROM TRANSPORTATION While 21 states sued the federal government over its new rule requiring transportation emission reduction targets, others are forging ahead to clean up the sector. Sustainability * Courtesy of Beyond Yoga DOL: BEYOND YOGA CONTRACTORS TO PAY OVER $1M IN WAGES, DAMAGES TO GARMENT WORKERS The U.S. Department of Labor’s settlement for 165 Los Angeles-based workers is the largest one to date for garment workers in the Golden State. Sustainability * Justin Sullivan via Getty Images SPEARMINT ENERGY BRINGS ITS FIRST TEXAS BATTERY ENERGY STORAGE PLANT ONLINE The company’s 300 megawatt Revolution project marks the debut for one of the largest battery storage companies in one of the largest battery storage markets in the nation. Sustainability * Courtesy of Hanwha. QCELLS, MICROSOFT EXPAND SOLAR PANEL SUPPLY PARTNERSHIP The new agreement could provide enough solar energy to power up to 1.8 million homes a year. Sustainability * David McNew via Getty Images SEC RULES DISNEY, APPLE CAN’T DODGE AI SHAREHOLDER PROPOSALS The entertainment and tech conglomerates must vote on the AFL-CIO’s request for the companies to disclose their AI standards, setting the stage for more AI votes this proxy season. Social Responsibility * Alex Wong via Getty Images WORLD BANK LAUNCHES $5B SUSTAINABLE DEVELOPMENT BOND The 7-year benchmark bond will mature in January 2031 and seeks to support the financial institution’s goals to “end extreme poverty and boost prosperity.” Sustainability * Tanaonte via Getty Images EMISSIONS COMPLIANCE PERIOD BEGINS FOR NYC’S LOCAL LAW 97 Even though 89% of covered buildings are set to meet 2024 emissions targets, facilities managers must act promptly to achieve 2030 goals, experts say. Sustainability More stories POSITION YOURSELF AS A THOUGHT LEADER TO ESG COMPANY EXECUTIVES AND DECISION-MAKERS. ESG DIVE, YOUR TARGET MARKET ALL IN ONE PLACE. Download Media Kit GET THE FREE NEWSLETTER Subscribe to ESG Dive for top news, trends & analysis Email: * Select user consent: By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. MOST POPULAR 1. New Hampshire bill would make use of ESG in investments a felony 2. BlackRock eases on ESG messaging amid increased scrutiny 3. Deep Dive To keep or not to keep: The fate of scope 3 emissions in SEC’s climate disclosure rule 4. House GOP says SEC is overstepping authority, cannot demand climate disclosures LIBRARY RESOURCES * Webinar - on demand Easily Scale Energy-Saving Projects Faster and with Zero Capital Custom content for Redaptive * Infographic Harness Data to Power Your Decarbonization Strategy Custom content for NextEra 360 * Trendline Driving supply chain sustainability Supported by Sedex View all WHAT WE’RE READING * Inside Climate News DeSantis Called for “Energy Dominance” During White House Run. His Plan Still is Relevant to Floridians, Who Face Intensifying Climate Impacts * The Guardian Why 2024 will be a crucial year for climate litigation * The Washington Post How meat and milk companies are racing to ease your climate guilt View all EVENTS * 24 JAN Webinar | 2 p.m. ET Proactive Steps to Make Retail EV Charging a Success Presented by studioID and FLO Sponsored by Chomp Food Waste Solutions: Composting vs Anaerobic Digestion Find the best food waste solution with this guide that explores composting and on-site anaerobic digestion to convert organic waste into valuable resources. Download the Guide ESG DIVE NEWS DELIVERED TO YOUR INBOX Get the free daily newsletter read by industry experts Email: * Select user consent: By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Sign up A valid email address is required. 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