This series seeks to identify legal questions that can add definition and value to the good work that sustainability teams are doing. ...more
8/11/2025
/ California ,
CARB ,
Climate Change ,
Disclosure Requirements ,
Filing Deadlines ,
Greenhouse Gas Emissions ,
Proposed Rules ,
Reporting Requirements ,
Statutory Interpretation ,
Sustainability ,
Task Force on Climate-related Financial Disclosures (TCFD)
This series of posts seeks to identify legal questions that can add definition and value to the good work that sustainability teams are doing. Our last post focused on whether the revenue used to evaluate the applicability...more
The Global Reporting Initiative (GRI) published two new topic standards—GRI 102: Climate Change (2025) and GRI 103: Energy (2025). These standards will replace GRI 305: Emissions (2016), GRI 302: Energy (2016), and Disclosure...more
7/24/2025
/ Climate Change ,
Disclosure Requirements ,
Downstream Agreements ,
Energy Consumption ,
Energy Efficiency ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Infrastructure ,
Renewable Energy ,
Reporting Requirements ,
Supply Chain ,
Sustainability ,
Upstream Contracts
This series of posts seeks to identify legal questions that can add definition and value to the good work that sustainability teams are doing. Our last post focused on the applicability of the climate-related financial...more
On June 13, 2025, the Basel Committee on Banking Supervision released a voluntary framework for climate-related financial risk disclosures, marking a significant advancement in global banking transparency. This framework...more
6/17/2025
/ Banks ,
Basel Committee on Banking Supervision (BCBS) ,
Climate Change ,
Disclosure Requirements ,
Financial Institutions ,
Greenhouse Gas Emissions ,
International Sustainability Standards Board (ISSB) ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
Sustainable Finance ,
Task Force on Climate-related Financial Disclosures (TCFD)
On May 29, 2025, a virtual public workshop held by the California Air Resources Board ("CARB") offered direction on how it interprets certain elements of California's climate disclosure laws. While CARB has a July 1, 2025,...more
6/5/2025
/ California ,
Cap-and-Trade ,
CARB ,
Carbon Emissions ,
Climate Change ,
Disclosure Requirements ,
Environmental Policies ,
Filing Requirements ,
Government Agencies ,
Greenhouse Gas Emissions ,
Infrastructure ,
Proposed Rules ,
Reporting Requirements ,
Rulemaking Process ,
State and Local Government
The International Sustainability Standards Board (ISSB) proposed targeted amendments to IFRS S2 Climate-related Disclosures standard, followed by similar changes from the Australian Accounting Standards Board (AASB) to its...more
5/5/2025
/ Australia ,
Banking Sector ,
Climate Change ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Greenhouse Gas Emissions ,
IFRS ,
International Sustainability Standards Board (ISSB) ,
Proposed Amendments ,
Proposed Rules ,
Reporting Requirements ,
Sustainability
The California Air Resources Board (CARB) will host a virtual public workshop on May 29, 2025, to begin formal discussions on developing the state's new Corporate Greenhouse Gas Reporting and Climate-Related Financial Risk...more
During its 83rd session from April 7 to 11, 2025, the International Maritime Organisation's (IMO) Marine Environment Protection Committee (MEPC) approved, among other things, new fuel standards for ships and the first...more
The Science Based Targets initiative (SBTi) has released a 132-page draft revision of the Corporate Net-Zero Standard (Version 2.0). Key proposed changes include...more
4/1/2025
/ Carbon Emissions ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Policies ,
Greenhouse Gas Emissions ,
Net Zero ,
Reporting Requirements ,
Supply Chain ,
Sustainability
While federal policymaking has already begun to shift away from the climate change programs of the Obama and Biden administrations, many states are expected to continue pursuing expansive climate policies and building upon...more
On December 26, 2024, New York enacted a law requiring certain energy companies to contribute cumulatively $75 billion to a climate "superfund" over the next 25 years....more
1/10/2025
/ Carbon Emissions ,
Clean Air Act ,
Climate Change ,
Constitutional Challenges ,
Energy Sector ,
Environmental Litigation ,
Environmental Policies ,
Greenhouse Gas Emissions ,
New Legislation ,
New York ,
Oil & Gas ,
Regulatory Reform ,
State and Local Government ,
Superfund
New ESG regulations are expected to have a significant impact on disclosure and governance obligations for EU and non-EU companies alike, including extensive sustainability reporting and due diligence requirements on...more
12/11/2024
/ Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Coal Mines ,
Energy Policy ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Hague Convention ,
Infrastructure ,
Pollution Control ,
Shell Oil
The California legislature continues to press forward with the implementation of two of the state's sweeping climate disclosure laws after a proposal to delay the implementation dates by the governor failed to be considered...more
Business groups in California challenge the constitutionality of new climate reporting laws. ...more
This 2023 U.S. Real Estate Round-Up provides key insights to commercial and residential building owners facing a flock of new state environmental, social, and governance ("ESG") laws proposed or taken effect in 2023,...more
The Maryland Department of the Environment ("MDE") will publish proposed rules limiting greenhouse gas ("GHG") emissions from covered buildings and requiring covered building owners to submit detailed energy performance...more
12/18/2023
/ Benchmarking ,
BEPS ,
Carbon Emissions ,
Climate Change ,
Data Collection ,
ENERGY STAR Program ,
Environmental Policies ,
Greenhouse Gas Emissions ,
Net Zero ,
Property Owners ,
Proposed Rules ,
Public Comment
In Short -
The Background: As voluntary carbon credits ("VCCs") have grown in popularity, questions about their integrity and quality have arisen for investors and among regulators and lawmakers. For this reason, many have...more
12/14/2023
/ Carbon Emissions ,
Carbon Pricing ,
CFTC ,
Derivatives ,
Designated Contract Markets (DCMs) ,
Energy Market ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Greenhouse Gas Emissions ,
Investment ,
Proposed Guidance ,
Risk Management ,
SEFs
Companies within the scope of the Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive...more
In Short -
The Situation: The California legislature passed landmark climate bills that surpass emissions disclosure requirements of any other existing state law. The bills are branded as the nation's first comprehensive...more
9/28/2023
/ California ,
CARB ,
Climate Action Plan ,
Climate Change ,
Disclosure Requirements ,
Doing Business ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Legislative Agendas ,
Proposed Rules ,
Regulatory Agenda ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Sustainability