Following extended negotiations, the directive was endorsed with a significantly narrower scope that would reduce the number of companies affected.
On 15 March 2024, EU Member States endorsed the Belgian Presidency’s...more
3/18/2024
/ Belgium ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
European Council ,
European Parliament ,
Germany ,
Member State ,
Supply Chain ,
Sustainability ,
Sustainable Business Practices
The stock exchanges of Malaysia, Indonesia, Thailand, and Singapore have partnered to advance sustainability in ASEAN through the development of an interregional ESG ecosystem.
On February 15, 2024, Bursa Malaysia Berhad...more
The Civil Aviation Authority of Singapore will also launch 12 key initiatives, including a levy on sustainable aviation fuel and low-carbon electricity imports.
The Civil Aviation Authority of Singapore (CAAS) has launched...more
2/29/2024
/ Air Traffic Control Systems ,
Airlines ,
Airports ,
Aviation Industry ,
Carbon Emissions ,
Electricity ,
Net Zero ,
Singapore ,
Solar Energy ,
Solar Panels ,
Sustainability
The European Parliament and the Council of the EU have made some significant changes to the European Commission’s proposal.
Key Points:
..The agreed text includes important clarifications on the scope of the regime and...more
The directive aims to reduce waste and bolster the repair sector.
On 2 February 2024, the European Parliament (Parliament) and European Council (Council) reached a provisional deal on a directive promoting the repair of...more
For in scope companies, disclosures may be required as early as the reporting period for the 2024 financial year.
On 22 December 2023, the Commission Delegated Regulation specifying the first set of European...more
1/8/2024
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
EU ,
European Commission ,
International Regulatory Standards ,
Materiality ,
Public Consultations ,
Regulatory Standards ,
Sustainability ,
Sustainable Business Practices
Political Agreement Reached on Corporate Sustainability Due Diligence Rules -
On 14 December 2023, the European Council (Council) and European Parliament (Parliament) reached a political agreement on the Corporate...more
The new rules would oblige companies to integrate their human rights and environmental impact into their management systems.
On December 14, 2023, the European Council (Council) and European Parliament (Parliament)...more
The Taxonomy aims to define green and transition economic activities to identify and allocate capital to sustainable projects and initiatives.
On 3 December 2023, the Monetary Authority of Singapore (MAS) unveiled the...more
The FCA’s long-awaited regime seeks to raise standards, increase consumer understanding, and reduce instances of greenwashing.
On 28 November 2023, the FCA published its Policy Statement (PS23/16) containing final rules on...more
The artificial intelligence platform is the most recent development in Singapore’s green initiatives as part of Project Greenprint.
A new platform called “Gprnt.ai” (Gprnt), which launched in November 2023, aims to unify...more
The framework claims to set the “gold standard” for companies to contribute to the net zero transition while emphasising ambition, action, and accountability.
The UK Transition Plan Taskforce (TPT) launched its...more
10/12/2023
/ Climate Action Plan ,
Climate Change ,
Consultation ,
COP ,
Federal Agency Taskforce ,
Financial Conduct Authority (FCA) ,
Framework Agreement ,
Greenhouse Gas Emissions ,
Regional Greenhouse Initiative ,
Strategic Planning ,
Sustainability ,
Sustainable Business Practices ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
On September 18, 2023, the Taskforce on Nature-related Financial Disclosures (TNFD) published recommendations for organizations’ assessment, management, and disclosure of nature-related issues (the Recommendations). These...more
The UK standards will aim to increase the comparability and value of reported information for investors.
The UK government announced on 2 August 2023 that it will develop standards for company sustainability disclosures...more
8/4/2023
/ Advisory Committee ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
IFRS ,
Investors ,
Publicly-Traded Companies ,
Sustainability ,
Sustainable Business Practices ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
The adoption of the standards marks a key milestone for reporting under the CSRD.
On 31 July 2023, the European Commission (Commission) adopted the European Sustainability Reporting Standards (ESRS), following a four...more
The European Union’s Corporate Sustainability Reporting Directive (CSRD), which entered into force in January 2023, marks a new era for ESG reporting across Europe (and globally). CSRD is the latest in a wave of new rules...more
7/26/2023
/ Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
Member State ,
Portfolio Companies ,
Private Equity ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices
Following the publication of the ISSB Standards, the IFRS Foundation will take over monitoring of companies’ climate progress from 2024.
On 10 July 2023, the International Sustainability Standards Board (ISSB) and...more
On June 26, 2023, the International Sustainability Standards Board (ISSB) released its first two standards for sustainability disclosures, which are designed to facilitate the disclosure of sustainability-related information...more
The Commission issued its formal consultation on the ESRS with a number of proposed changes.
On 9 June 2023, the European Commission (Commission) issued its formal consultation on the European Sustainability Reporting...more
6/16/2023
/ Climate Change ,
Comment Period ,
Consultation ,
Corporate Governance ,
EU ,
European Commission ,
Materiality ,
Member State ,
Proposed Amendments ,
Reporting Requirements ,
Sustainability
Trialogue negotiations have begun following the parliament’s vote.
On 1 June 2023, the European Parliament voted to adopt its initial negotiating position on the EU’s proposed Corporate Sustainability Due Diligence...more
The public consultation seeks input on the priorities, strategic direction, and future work of the ISSB.
On 4 May 2023, the International Sustainability Standards Board (ISSB) launched a public consultation to seek input...more
The Commission has clarified requirements for financial product classifications and the definition of “sustainable investment” under the SFDR. ...more
5/24/2023
/ Alternative Investment Funds ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Supervisory Authorities (ESAs) ,
Financial Products ,
Investors ,
Market Participants ,
Marketing ,
Regulation Technical Standards (RTS) ,
SFDR ,
Sustainability ,
Sustainable Business Practices ,
UCITS
The government published a new document outlining its existing and proposed objectives to develop the UK’s sustainable economy.
On 30 March 2023, the UK government published an updated version of its Green Finance...more
4/28/2023
/ Carbon Capture and Sequestration ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Financial Institutions ,
Green Finance ,
Investment ,
Investors ,
Net Zero ,
Public Policy ,
Sustainability ,
Sustainable Business Practices ,
Sustainable Finance ,
Taxonomy ,
UK
The Commission is also consulting on proposed targeted amendments to the Taxonomy Climate Delegated Act and on the Taxonomy Disclosures Delegated Act.
On 5 April 2023 the European Commission opened a consultation on its...more
4/18/2023
/ Climate Change ,
Consultation ,
Disclosure Requirements ,
Environmental Policies ,
EU ,
European Union Delegated Act (EUDA) ,
Green Finance ,
Proposed Amendments ,
Sustainability ,
Sustainable Finance ,
Taxonomy
The latest proposals show the direction of travel in the increasingly expanding web of consumer protection regulation on sustainable products and initiatives.
Background -
The European Green Deal, presented by the...more