The growth of building level greenhouse gas emission legislation continues to intensify across the United States. Starting in New York City in 2024, under Local Law 97 (LL 97) - the centerpiece of the City’s Climate Mobilization Act – building owners will be required to furnish a report detailing their property’s annual energy use while facing steep penalties for non-compliance. A flurry of rulemaking activity is expected throughout the remainder of the year to help building owners understand their compliance obligations. In this edition of The ESG 411, Rusty Pomeroy focuses on the intent ..read more

In this edition of The ESG 411, Rusty Pomeroy and Eric Requenez set their focus on a proposed rule by SEC released earlier this summer, requiring enhanced ESG disclosure for certain investment advisors and investment companies. Why is the SEC taking this action and what are the implications for asset managers? Get the 411 ..read more

In a special Earth Day edition of The ESG 411, Rusty Pomeroy and Eric Requenez provide a high-level overview of the SEC's 500-page proposed rule governing ESG disclosures and reporting. The proposed rule, released for public comment on March 21, 2022, will likely have to overcome several legal challenges before its final form is put into effect ..read more

In Episode Four of The ESG 411, Stroock attorneys Evan Hudson, Eric Requenez and Rusty Pomeroy discuss the very practical implications of ESG and focus on the implications at oil & gas giant ExxonMobil ..read more

On a new episode of The ESG 411, Rusty Pomeroy, Eric Requenez and Evan Hudson dive into a discussion about ESG in relation to the investment strategies of sovereign wealth funds and how many funds are increasing their focus on green and sustainable investing ..read more

Last week, in our debut episode of The ESG 411, we discussed the recent activity at the SEC around ESG statements and disclosures – including the call from Acting Chair Herren Lee for public input regarding potential new rules and standards for ESG disclosures, and the SEC’s new ESG enforcement initiative. This week,  in Episode Two, Stroock attorneys Evan Hudson, Eric Requenez and Rusty Pomeroy focus in on the SEC’s ESG enforcement initiative and provide some thoughts with respect to steps the regulated community should be considering to mitigate enforcement risk. This week, the team wil ..read more

On this episode of The ESG 411, Rusty Pomeroy, Eric Requenez and Evan Hudson kickoff 2022 with a review of the last year in ESG and a discussion of what they expect to come, breaking down the complexities of everything from SEC rulemaking focusing on climate change-related disclosures to the push to electrification in cities like New York ..read more

In Episode Six of The ESG 411, Evan Hudson, Eric Requenez and Rusty Pomeroy tackle a recently released sample letter from the SEC detailing how the regulated community may be required to disclose climate change-related matters — including the physical impacts of climate change, relevant new climate change regulations and the indirect effects of climate change on business trends — under the agency’s existing rules ..read more

In Episode Five of The ESG 411, Stroock attorneys Evan Hudson, Eric Requenez and Rusty Pomeroy are joined by our litigation partner Ellen Murphy, as the group talks about the automotive industry, vehicle emissions, and takeaways from recent legal action against manufacturers who skirted the EPA’s regulations ..read more

In Episode Three of The ESG 411, Stroock attorneys Evan Hudson, Eric Requenez and Rusty Pomeroy focus in on REITs and provide some thoughts with respect to publicly traded REITs and how they are dealing with all three prongs of ESG ..read more