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The Scope 3 disclosure requirements have drawn strong criticism from many corporations, who claim the regulations are too burdensome. The climate disclosure rule was first proposed in March 2022. Since Congress has not passed major climate legislation for years, opponents of the SEC's climate rule will likely sue the SEC and cite West Virginia v. EPA, again arguing that Congress has not granted specific authority for the SEC to act on climate change. The disclosures required from the proposed SEC rule may shuffle the deck on companies that are considered "green" or "not so green." Arne Noack, manager of the Xtrackers S&P 500 ESG ETF and DWS Head of Systemic Investment Solutions for the Americas, will be the guest on ETF Edge at 1:10 p.m.
Persons: Gary Gensler, Gensler, overreach, Joe Biden, Kathleen McLaughlin, Arne Noack, Noack, Todd Sohn, He'll, Dave Nadig Organizations: SEC, U.S ., Banking, Housing, Urban Affairs, Capitol, Washington , D.C, The Institute, New York University School of Law, Environmental Defense Fund, Reuters, Securities, Exchange, Walmart, APA, EPA, Act, America, Corporate, Equity, Systemic Investment Solutions, Edge Locations: Washington ,, America, West Virginia, Virginia, ESG, Americas, ETFedge.cnbc.com
Jared Fogle was once the face of Subway sandwiches. In 2015, Fogle was sentenced to 15 years in federal prison for having sex with minors. AdvertisementFor the last eight years, Jared Fogle, once the face of Subway sandwiches, has been living on an even blander diet at a federal prison mess hall. AdvertisementThe BOP declined to comment on Fogle's release date, per security policy, and it is unclear when his release was scheduled. An attorney for Fogle could not immediately be identified, as he represented himself in his last federal court matter.
Persons: Jared Fogle, Fogle, , Fogle's, Kathleen McLaughlin, AP Fogle Organizations: Service, FCI, Business, Subway, FBI, AP, of, of Prisons Locations: FCI Englewood, Colorado, Indiana, Littleton , Colorado
Jared Fogle was known as Subway's spokesperson up until 2015 when his home was raided by the FBI. A new documentary of Fogle is coming in March, as Subway teases a possible sale of the company. As Subway considers a potential sale of its more than $10 billion restaurant chain, and with a documentary on Fogle set to air in just a few weeks, here's how he went from Subway celebrity to shunned spokesman. Jared Fogle. APA Subway spokesman is bornIn a 2004 interview with CBS, Jared said he weighed 425 pounds before using Subway sandwiches to aid in his over 200-pound weight loss.
Sustainability leaders from Walmart, JUST Capital, Dow, Honeywell, Cognizant, Deloitte, Bank of America, AB InBev, and Carlyle participated. If you're just looking for a science partner, you're going to go and get the science. So then we started building debriefs for our portfolio companies, actually making them sit down and have a conversation with us. Because as long as you do it with integrity, you're going to probably get to the right place. I remember him saying when we talked about the idea, "what you're trying to achieve with that, is somewhere between really, really, really, really hard and impossible."
Gary Gensler, the chair of the SEC, told Insider the proposed plan is to make environmental, social, and governance, or ESG, reporting more formalized. The most popular is TCFD, a set of letters you should get used to if you're interested in climate policy. The task force developed its own set of international recommendations for climate reporting, with "core recommendations" centered around governance, strategy, risk management, and metrics and targets. How synced should ESG reporting be with preexisting quarterly and annual reports? "We believe ESG reporting will mature far more quickly but needs to follow a similar path."
The UN's Sustainable Development Goals are not being met because the ESG bond market is way behind. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. But funding is still way behind when it comes to the environmental aspect, said Karen Fang, the managing director and global head of sustainable finance at Bank of America. Kathleen McLaughlin, the executive vice president and chief sustainability officer at Walmart, said that ESG issues are connected to the long-term prospects of any company. McLaughlin said that Walmart has high ESG ambitions as a company and eventually wants to become regenerative.
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