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Jun 18 2025 #climate, #diversity, #environment, #equity, #esg, #human-rights, #investors, #social, #supply-chain
ISSB Expands to Thirty-Six Jurisdictions
While we are experiencing an ESG slowdown here in the US, and the EU is facing sustainability “simplification,” the IFRS’s International Sustainability Standards Board (ISSB) is chalking up a lot of wins. The IFRS has recently published seventeen “jurisdictional profiles”...
Jun 18 2025 #climate, #environment, #esg, #supply-chain
Being Nice to AI Wastes Resources
This is kind of funny, but also an example of sometimes hidden implications of human behavior and sustainability (although I say that sustainability is a business problem needing a business solution). Not long ago, I read a LinkedIn post from...
Jun 18 2025 #climate, #compliance, #diversity, #environment, #equity, #esg, #human-rights, #investors, #social
Attending the State Bar of Texas Annual Meeting 2025?
[Ed. note: In observance of Juneteenth tomorrow, our offices will be closed and no blogs will be published. Blogs will return on our regular schedule Tuesday 24.] If you are in Texas and will be attending the 2025 Annual Meeting...
Jun 17 2025 #diversity, #equity, #esg, #human-rights, #investors, #social
Tractor Supply Results Indicate DEI Isn’t Universally Material
There is a growing movement (perhaps maturity) in ESG/sustainability materiality circles that not everything is material to every company. Ashley Walter discussed this in our recent podcast, Matt Sekol frequently writes that carbon isn’t universally material, and Advisory Board member...
Jun 17 2025 #climate, #compliance, #diversity, #environment, #equity, #esg, #human-rights, #investors, #social, #supply-chain
JPMorgan: Stock Price Impact of Sustainability Controversies “Enduring” but “Challenging to Discern”
JPMorgan published a new report “First Principles – Controversy Watch: A playbook to assess the financial impact of controversies” purporting to provide a “comprehensive investor guide to navigating controversies, leveraging JPM Quantitative Research, case studies and academic research to analyse...
Jun 17 2025 #climate, #compliance, #environment, #esg, #investors, #supply-chain
BlackRock Unbanned in Texas, Still Faces Antitrust Litigation
Texas and BlackRock have locked horns in several battles over ESG. The investment firm was placed on a state “banned” list in 2022, preventing it from doing business with Texas public entities. Additionally, litigation filed by Texas last year alleges...
Jun 12 2025 #climate, #compliance, #diversity, #environment, #equity, #esg, #human-rights, #investors, #social
What’s Happening With Shareholder Proposals on ESG/Sustainability – Part 1
Here’s something interesting from Meredith’s Proxy Season blog about SEC determinations on requests to exclude shareholder proposals from company proxies. This HLS blog reports on the results of Mayer Brown’s review of SEC Staff responses to almost 280 no-action requests...
Jun 12 2025 #climate, #compliance, #diversity, #environment, #equity, #esg, #human-rights, #investors, #social
What’s Happening With Shareholder Proposals on ESG/Sustainability – Part 2
In my previous blog, I pulled from Meredith’s Proxy Season blog about SEC Staff no-action requests. Here, I continue on topic – borrowing from The Conference Board’s “Proxy Voting Weekly Digest:Week Ended May 30, 2025.” “As the 2025 proxy season...
Jun 12 2025 #climate, #compliance, #environment, #esg, #human-rights, #investors, #supply-chain
New This Week on PracticalESG.com
This week’s notable additions to PracticalESG.com are below. Blog of the week: Big Companies Stop Publishing Sustainability/DEI Reports. Should You? We added 12 new CSRD reports, which can be viewed here. Hot Topics for the Week: “2025 Anti-DEI Proposals and...
Jun 11 2025 #compliance, #esg, #human-rights, #supply-chain
Uyghur Forced Labor Prevention Act Enforcement Continues
With all the recent attention on tariffs, we might lose sight of the US Uyghur Forced Labor Prevention Act (UFLPA). Given the administration’s focus on China, the UFLPA isn’t likely to go anywhere. But there is an interesting twist. Here...
Jun 11 2025 #climate, #environment, #esg, #supply-chain
Old Operating Technologies Create Big Financial Wins for Sustainability
Usually, today’s sustainability news revolves around something new – AI, climate tech, new fuels, etc. It isn’t terribly often we see wins by using older/known solutions. A recent Yahoo Business article discussed plans by Arvind Limited, one of India’s largest...
Jun 11 2025 #climate, #compliance, #environment, #esg, #investors, #supply-chain
Canada’s New Greenwashing Guidance Gives Clarity on Forward Looking Statements
We’ve been following changes to Canada’s competition law designed to crack down on greenwashing. The amendments, passed last summer, caused some companies to change their behaviors, though not always in the intended manner. Fearing steep penalties, some companies decided to...
Jun 10 2025 #climate, #diversity, #environment, #equity, #esg, #human-rights, #investors, #social, #supply-chain
New Study on ESG Investing: Same as Non-ESG Investing?
One of my favorite disruptors in the ESG/sustainability space is London Business School prof Alex Edmans. He tackles a lot of sustainability sacred goats and re-evaluates previous studies. He, Tom Gosling and Dirk Jenter revised their paper “Sustainable Investing in...
Jun 10 2025 #climate, #compliance, #diversity, #environment, #equity, #esg, #investors, #social
Big Companies Stop Publishing Sustainability/DEI Reports. Should You?
Speaking of saying less about sustainability… Bloomberg reported last week that “Nike joins a growing list of companies that includes JPMorgan Chase & Co., Constellation Brands Inc. and Akamai Technologies Inc. that are either canceling or delaying publication of their...
Jun 10 2025 #climate, #compliance, #environment, #esg
Youth Plaintiffs Challenge Federal Energy Policy
Our Children’s Trust, the climate legal advocacy group known for state-level wins in Hawaii and Montana, has set its sights on federal policy with a new lawsuit challenging recent Executive Orders (EOs) promoting fossil fuels production. The organization summarizes its...
Jun 5 2025 #climate, #compliance, #environment, #esg, #supply-chain
EFTA Court Rules Countries Must Consider Downstream Impacts of Fossil Fuel Production
I wrote earlier this week about the US Supreme Court declining to require scope 3 analysis under NEPA. However, a European court recently made the opposite decision. The European Free Trade Association (EFTA) Court ruled that scope 3 emissions from...
Jun 5 2025 #climate, #diversity, #environment, #equity, #esg, #human-rights, #investors, #social, #supply-chain
New This Week on PracticalESG.com
This week’s notable additions to PracticalESG.com are below. Blogs of the week: Our most popular blogs this week are courtesy of The Conference Board – “From The Conference Board: ESG/DEI Risk Factor Disclosures More Important for 2025” and “More From...
Jun 4 2025 #climate, #compliance, #environment, #esg, #investors, #supply-chain
More From The Conference Board: “80% of Companies Adjusting ESG Strategies”
Yesterday, I wrote about The Conference Board – today let’s look at a new study from them indicating that “80% of companies are adjusting their ESG strategies in response to the new administration.” Among the key findings: “Tariff turbulence is...
Jun 4 2025 #climate, #diversity, #equity, #esg, #investors, #social
Federal Government Ends Defense of ERISA ESG Investing Rule
The Department of Labor (DOL) intends to end the defense of its ESG investing rule in pending litigation in the 5th circuit. The rule allowed ESG factors to be considered by ERISA fiduciaries when making investment decisions. However, that rule...
Jun 3 2025 #climate, #environment, #esg, #supply-chain
Supreme Court Limits NEPA Challenges, Allowing Agency Deference
The National Environmental Policy Act (NEPA) requires federal agencies to conduct environmental reviews and produce Environmental Impact Statements (EIS) on actions that significantly affect the environment. This often gives environmentalists legal avenues to challenge federal action. One such lawsuit was...
Jun 3 2025 #climate, #diversity, #environment, #equity, #esg, #investors
From The Conference Board: ESG/DEI Risk Factor Disclosures More Important for 2025
CNN Business reported last week “Companies are warning investors about the risks of becoming the next target of angry customers. Corporate America is required to disclose risks to their businesses in their annual regulatory filings. This year, Walmart, Target, Home...
Jun 3 2025 #climate, #environment, #esg, #investors, #supply-chain
Deutsche Bank CEO Message on Climate – Yes… No… Maybe?
Ambiguity in corporate sustainability/ESG goals and communications has long been a major bugaboo. With so much uncertainty in the space right now, the last thing anyone wants is a lack of clarity. Deutsche Bank (DB) didn’t seem to get that...
May 29 2025 #climate, #compliance, #environment, #esg, #social, #supply-chain
EU May Water Down CSRD Reporting for Some Wave 1 Companies
When the EU Commission released its Omnibus proposal and accompanying “Stop the Clock” directive, we noted that despite delays for wave 2 and wave 3 reporters, wave 1 companies were given no relief. This seemed odd because the Omnibus proposes...
May 29 2025 #compliance, #environment, #esg, #supply-chain
Enforcement Delay of EU Battery Regulation Doesn’t Mean Pausing Work
PracticalESG partner Kumi recently discussed changes to the EU Battery Regulation (EUBR), providing perspectives to those working on compliance activities. Among the EUBR revisions is “a two-year delay to the enforcement date for due diligence, moving the compliance verification deadline...
May 29 2025 #climate, #compliance, #environment, #esg, #investors, #social, #supply-chain
New This Week on PracticalESG.com
This week’s notable additions to PracticalESG.com are below. New Podcast: CSRD: Lessons Learned from Wave 1 Reporting and Omnibus Outlook Blog of the week: Kristina Wyatt on SEC Rules and Disclosing Climate Information We added 20 new CSRD reports, which...
May 28 2025 #esg, #human-rights, #social, #supply-chain
Forced Labor in Luxury: Dior Pays $2.3 Million for Supplier Worker Exploitation
CNN.com reported last week that fashion icon Dior “agreed a [sic] number of remedies to settle an Italian competition authority investigation into whether the luxury brand and two of its units misled consumers with their statements about working conditions at...
May 28 2025 #assurance, #compliance, #esg, #human-rights, #social, #supply-chain
Are Supplier Audits a Liability in the World of New US Tariffs?
Speaking of supplier risks … I’ve written that the new world of US tariffs makes supply chain due diligence professionals more directly impactful, financially material and valuable than ever before. Companies are taking extraordinary efforts to mitigate financial impacts of...
May 28 2025 #climate, #compliance, #environment, #esg, #human-rights, #social, #supply-chain
New Podcast: Datamaran Research Finds Insights from CSRD Wave 1 Reporting
I recently sat down with Donato Calace, Senior Vice President of Innovation and Accounts at Datamaran, to discuss key findings from Datamaran’s new report: CSRD Reports Uncovered: Benchmarking the First Wave of 2025 Disclosures. The report’s findings are interesting and...
May 27 2025 #compliance, #diversity, #equity, #esg, #human-rights, #investors
Verizon Gets Approval for $20B Frontier Deal After Ending DEI
At least for now, Verizon may have cashed in more than anyone in ending its DEI programs. According to The Business Times “The US Federal Communications Commission (FCC) on Friday (May 16) approved Verizon Communications’ US$20 billion deal to acquire...
May 27 2025 #climate, #environment, #esg, #investors, #supply-chain
One Company’s Failure Casts Shadow on Business Value of Sustainability
I’ve said it frequently – including in this post – if a company in the sustainability realm goes out of business, that failure adds to the lore that sustainability isn’t a viable business strategy. Such is the case in India...
May 27 2025 #climate, #compliance, #environment, #esg, #investors
Federal Government Joins Texas Lawsuit Against Asset Managers
We’ve been following litigation led by the Texas Attorney General alleging that BlackRock, State Street, and Vanguard violated antitrust laws when taking part in net-zero industry initiatives. In addition to the twelve states behind the litigation, the federal government has...
May 22 2025 #climate, #compliance, #environment, #esg, #investors
Kristina Wyatt on SEC Rules and Disclosing Climate Information
Persefoni’s CSO (and former SEC attorney who crafted much of the SEC’s climate disclosure rule) Kristina Wyatt had very good advice yesterday about keeping SEC rules in mind when disclosing “climate-related information through sustainability reports, press releases, on websites, investor...
May 22 2025 #climate, #compliance, #environment, #esg, #investors
Senate Bank Probe Investigates Bank Climate Rollbacks
For years now, red-state Attorneys General and the House Judiciary Committee have been putting pressure on banks to abandon climate goals. This strategy largely proved successful as bank climate pacts crumbled under pressure. Now, Democrats are taking their turn, as...
May 22 2025 #climate, #compliance, #environment, #esg, #human-rights, #investors, #supply-chain
New This Week on PracticalESG.com
This week’s notable additions to PracticalESG.com are below. The updated 2025 SEC 10-K Item 1A Sustainability Risk Disclosure Compendium is now available! We added 16 new CSRD reports, which can be viewed here. Blog of the Week: SEC Begins Closing...
May 21 2025 #compliance, #esg, #human-rights, #investors, #social, #supply-chain
SEC Begins Closing the Door on Conflict Minerals Rule
Last month, I predicted that the current SEC would eliminate the conflict minerals rule: “[SEC Chair Paul] Atkins may eventually address the rule in some manner, but probably not soon.” Seems like I may be wrong about the “not soon”...
May 21 2025 #climate, #environment, #esg, #supply-chain
Powerful Thoughts on What the Energy Transition Really Is
Yesterday, Daniel Yergin posted a short article about the reality of energy transition that is powerful (pun intended) and tremendously insightful. Yergin is something of a legend in Texas oil/energy circles – Vice Chairman of S&P Global and the author...
May 21 2025 #climate, #compliance, #diversity, #environment, #esg, #human-rights, #investors, #supply-chain
Study Shows Support for CSRD Among EU Companies
Omnibus is on its way, bringing with it “simplification” for the EU’s Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS). Ironically, what “simplification” means isn’t quite so simple. To some, it means adopting a common approach...
May 20 2025 #climate, #compliance, #environment, #esg
Colorado Supreme Court Allows Climate Litigation
As pending climate litigation works through the judicial system, we’re seeing high-level decisions on the key legal theories and procedural issues underpinning these cases. The Colorado Supreme Court recently joined Hawaii, becoming the latest high court to allow climate-based tort...
May 20 2025 #compliance, #environment, #esg, #human-rights, #supply-chain
German Chancellor Urges EU to Repeal CSDDD
The German government has flipped on supply chain due diligence. Once at the forefront of due diligence regulation, Germany has rapidly changed course, advocating repealing key due diligence laws. After elections ushered in a new government earlier this year, plans...
May 20 2025 #compliance, #esg, #investors
EU Publishes Draft RTS for ESG Ratings Regulation
We’ve been following developments in the EU as the long-awaited ESG Ratings Regulation moves through the legislative process. The regulation, officially adopted last November, hit another milestone recently when the European Supervisory Market Authorities (ESMA) put forward draft Regulatory Technical...
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Featured Q&A Members Only
Removing DEI from SEC 10-Ks
Are companies being advised to not discuss DEI in their 10-Ks due to the executive orders? If a company previously mentioned having a diversity policy and its diversity workforce statistics, is that going to create an issue to now remove them?
05/5/2025, Question #28369
CDP Disclosure Insight Action
We recently received a letter from CDP Disclosure Insight Action requesting that we disclose certain environmental information through their questionnaire. From what I can tell, this is not required and, as we currently disclose sustainability related information in many different places and to many different people, we’re not inclined to voluntarily add another to the list. However, I was curious what other companies who received this letter intend to do. Would appreciate your thoughts here.
04/15/2025, Question #27998
California SB 261 (climate risk reporting)
Is anyone aware of any guidance as to what specific parts/pillars of the TCFD reporting framework will be required to be disclosed in order to comply with SB 261 reporting? The metrics pillar of the TCFD reporting framework requires disclosure of Scopes 1 and 2 emissions and, if appropriate, Scope 3 emissions. It doesn’t really make sense that this information would be required to be included in the SB 261 report, since it is also required by SB 253 (duplicative), not to mention that SB 253 imposes a higher in scope requirement of $1B in revenue versus $500M in revenue for SB 261. Seems like if emission data was required to be included in the SB 261 reports, you would not need SB 253.
03/24/2025, Question #27636