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Sustainability and ESG Advisory Practice Update, September 2023

California Legislature Passes Climate Corporate Data Accountability Act - Earlier this month, the California legislature approved SB 253, the Climate Corporate Data Accountability Act (SB 253). Starting in 2026, “reporting...more

California Legislature Passes Climate Bills

This week, the California legislature approved Senate Bill 253, the Climate Corporate Data Accountability Act (SB 253), and Senate Bill 261, Greenhouse gases: climate-related financial risk (SB 261), which are headed to...more

International Sustainability Standards Board Publishes Sustainability and Climate Disclosure Standards

On June 26, 2023, the International Sustainability Standards Board (ISSB) published its first two sustainability disclosure standards, International Financial Reporting Standards (IFRS S1) – General Requirement for Disclosure...more

Sustainability and ESG Advisory Practice Update, August 2023

Federal Energy Regulatory Commission (FERC) Adopts Major Generator Interconnection Reforms - Last month, FERC Commissioners unanimously approved Order No. 2023 (the Order), which represents a significant reform to its...more

Sustainability and ESG Advisory Practice Update, July 2023

Environmental Protection Agency (EPA) Completes the Launch of Greenhouse Gas Reduction Fund Opportunities - On July 14, 2023, the EPA announced two notice of funding opportunities for up to $20 billion. Up to $14 billion...more

European Council Adopts New “Fit for 55” Laws

Overview of EU “Fit for 55” The European Union (EU) recently enacted five laws in furtherance of its “Fit for 55” legislative package, which aims to ensure that EU policies are in line with EU’s climate targets of reducing...more

EU's ESG Push Goes Global: Significant Expansion of Corporate Sustainability Reporting for Companies Active in the EU

The Corporate Sustainability Reporting Directive (CSRD) entered into force on January 5, 2023. The CSRD significantly broadens the existing EU regime for non-financial disclosure requirements currently governed by...more

SEC Proposes Enhanced and Standardized Climate-Related Disclosure Rules

On March 21, 2022, a divided U.S. Securities and Exchange Commission (SEC) proposed enhanced and standardized climate-related disclosure rules to require disclosure of climate-related information in registration statements,...more

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