On 25 June 2025, the UK government launched three consultations as part of London Climate Action Week, which are intended to form key parts of the government’s programme to make the UK the “sustainable finance capital of the...more
6/27/2025
/ Clean Energy ,
Climate Change ,
Consultation ,
Corporate Governance ,
Corporate Sustainability Reporting Directive (CSRD) ,
Financial Institutions ,
Green Finance ,
Investment ,
Publicly-Traded Companies ,
Regulatory Reform ,
Reporting Requirements ,
Sustainability ,
UK
Singapore shows leadership in a diverse APAC market where the race is on to strengthen transparency in environmental claims and combat greenwashing....more
5/16/2025
/ Asia Pacific ,
Australia ,
Climate Change ,
Consumer Protection Laws ,
Corporate Governance ,
Environmental Claims ,
Greenwashing ,
Hong Kong ,
Investment Funds ,
Japan ,
Popular ,
Regulatory Requirements ,
Singapore ,
South Korea ,
Sustainability
The European Council has approved the Directive, which offers a temporary relief to companies facing requirements under the CSRD and CSDDD....more
5/5/2025
/ Business Entities ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Corporate Sustainability Reporting Directive (CSRD) ,
Due Diligence ,
EU ,
Filing Deadlines ,
Reporting Requirements ,
Sustainability ,
Time Extensions
The European Council has approved the Directive, which offers a temporary relief to companies facing requirements under the CSRD and CSDDD....more
The Commission’s proposal seeks to reshape EU Sustainability requirements by amending CSRD, CSDDD, EU Taxonomy, and CBAM.
On 26 February 2025, the European Commission (Commission) published its much-anticipated first...more
3/4/2025
/ Amended Regulation ,
Carbon Emissions ,
Corporate Governance ,
Due Diligence ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Regulatory Requirements ,
Renewable Energy ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices ,
Taxonomy
The Corporate Governance Code recommends that the board of directors promote, in the most appropriate forms, dialogue with shareholders and other stakeholders relevant to the company, thus tying the goal of "sustainable...more
1/23/2025
/ Board of Directors ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Investors ,
Italy ,
Regular Business Communications ,
Reporting Requirements ,
Shareholders ,
Sustainability ,
Transparency
The guidelines set out requirements for institutions regarding the identification, measurement, management, and monitoring of ESG risks....more
1/14/2025
/ Banking Sector ,
Capital Requirements ,
Capital Requirements Directive IV (CRDIV) ,
Compliance ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
European Banking Authority (EBA) ,
Financial Institutions ,
Green Finance ,
Regulatory Requirements ,
Risk Management ,
Sustainable Finance
Through the course of 2024, the development of the ESG and sustainability landscape was dynamic. We anticipate that this dynamism will intensify in 2025, given the implementation and potential amendment of ESG-related...more
The consultation covers new methodologies for the financial sector’s GHG emissions reporting, including regarding avoided emissions, or “scope 4” emissions.
On 3 December 2024, the Partnership for Carbon Accounting...more
12/24/2024
/ Climate Change ,
Consultation ,
Corporate Governance ,
European Banking Authority (EBA) ,
Financial Institutions ,
Financial Services Industry ,
Greenhouse Gas Emissions ,
IFRS ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices ,
UK
Jurisdictions representing approximately 57% of global GDP have taken steps to incorporate ISSB standards into legal and regulatory frameworks.
...more
12/2/2024
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
EU ,
GDP ,
Greenhouse Gas Emissions ,
IFRS ,
Information Reports ,
Publicly-Traded Companies ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
The announcement follows declarations to simplify regulatory frameworks for businesses, and an overall drive to increase competitiveness in Europe.
On 8 November 2024, European Commission President Ursula von der Leyen...more
11/13/2024
/ Climate Change ,
Competition ,
Corporate Counsel ,
Corporate Governance ,
Corporate Social Responsibility ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Regulatory Requirements ,
Reporting Requirements ,
Sustainable Business Practices
On 23 September 2024, the Singapore Exchange Regulation (SGX RegCo) announced that it will begin incorporating the IFRS Sustainability Disclosure Standards (IFRS Standards) issued by the International Sustainability Standards...more
10/8/2024
/ Climate Change ,
Corporate Governance ,
Corporate Issuers ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
IFRS ,
Policies and Procedures ,
Publicly-Traded Companies ,
Reporting Requirements ,
Singapore ,
Sustainability ,
Sustainable Business Practices
The EU Corporate Sustainability Reporting Directive (CSRD, or the Directive) took effect beginning 2024 and requires mandatory sustainability reporting by a first set of companies in 2025. Under the terms of the CSRD, the...more
10/2/2024
/ Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
Infringement ,
Member State ,
Reporting Requirements ,
Risk Assessment ,
Sustainability ,
Sustainable Business Practices
In the December 2023 edition of Regulatory Updates in Asia ESG we provided an update on how jurisdictions across Asia are responding to the International Sustainability Standards Board (ISSB) standards. Several regulators in...more
9/3/2024
/ Asia ,
Climate Change ,
Consultation ,
COP ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Hong Kong ,
IFRS ,
International Regulatory Standards ,
International Sustainability Standards Board (ISSB) ,
IOSCO ,
Regulatory Standards ,
Sustainability ,
Sustainable Business Practices
The FAQs aim to clarify key aspects of the CSRD, including the scope of the rules, compliance dates, and exemptions.
On 7 August 2024, the European Commission (Commission) published a set of frequently asked questions...more
8/14/2024
/ Climate Change ,
Corporate Counsel ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Parent Corporation ,
Small and Medium-Sized Enterprises (SMEs) ,
Subsidiaries ,
Sustainability ,
Sustainable Business Practices ,
Third Country Entities (TCEs)
On 5 July 2024, the final text of the Corporate Sustainability Due Diligence Directive (CSDDD) was entered into the Official Journal of the EU. The CSDDD will enter force on 25 July 2024. This marks the final key step in the...more
7/15/2024
/ Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
Member State ,
Reporting Requirements ,
Supply Chain ,
Sustainability ,
Sustainable Business Practices
The CSDDD is set to impose mandatory human rights and environmental due diligence obligations for in-scope companies.
On 5 July 2024, the Corporate Sustainability Due Diligence Directive (CSDDD) was published in the...more
7/9/2024
/ Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
Member State ,
Reporting Requirements ,
Supply Chain ,
Sustainability ,
Sustainable Business Practices
The Standards provide a framework for all Chinese companies’ sustainability disclosures and the applicability extends beyond listed companies.
On May 27, 2024, China’s Ministry of Finance published the new Corporate...more
7/5/2024
/ China ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
IFRS ,
Ministry of Finance ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Reporting Requirements ,
Risk Management ,
Sensitive Business Information ,
Sustainability ,
Sustainable Business Practices
The ISSB’s new two-year work plan aims to reduce complexity and build on market-leading frameworks and standards.
...more
Denmark’s unprecedented carbon removals fund has facilitated the coexistence of corporate and national carbon claims in carbon accounting.
In the past few years, stakeholders in the carbon market have debated how to...more
6/20/2024
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Climate Change ,
Corporate Governance ,
Denmark ,
Disclosure Requirements ,
Energy Projects ,
Market Participants ,
Paris Agreement ,
Subsidies ,
Sustainability ,
Sustainable Business Practices
This guidance aims to support the preparation and analysis of reports using the European Sustainability Reporting Standards.
On 31 May 2024, EFRAG published the first three Implementation Guidance (IG) documents relating...more
6/19/2024
/ Climate Change ,
Compliance ,
Corporate Governance ,
EU ,
EU Directive ,
Materiality ,
New Guidance ,
Reporting Requirements ,
Risk Assessment ,
Supply Chain ,
Sustainability ,
Sustainable Business Practices
On 16 May 2024, the government published updated guidance regarding the UK Sustainability Disclosure Requirements (SDR) framework.
The SDR was first set out in Greening Finance: A Roadmap to Sustainable Investing in...more
5/28/2024
/ Climate Change ,
Consultation ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
New Guidance ,
Publicly-Traded Companies ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices ,
Transitional Arrangements ,
UK
On 24 March 2024, the European Parliament approved the Corporate Sustainability Due Diligence Directive (CSDDD) with a vote of 374 in favour (compared with 235 votes against and 19 abstentions)....more
4/26/2024
/ Compliance ,
Corporate Governance ,
Disclosure Requirements ,
Due Diligence ,
EU ,
EU Directive ,
European Parliament ,
Member State ,
Supply Chain ,
Sustainability ,
Sustainable Business Practices
For the first time, the Court has confirmed that the adverse impacts of climate change fall within the ambit of human rights protection under the European Convention of Human Rights, obliging States to implement effective...more
The Eighth Circuit is poised to determine the fate of the SEC’s final climate regulation, potentially by the end of the year.
On March 21, 2024, the US Court of Appeals for the Eighth Circuit was selected as the court that...more
4/9/2024
/ Administrative Procedure Act ,
Case Consolidation ,
Chevron Deference ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Final Rules ,
Greenhouse Gas Emissions ,
Rules of Civil Procedure ,
Securities and Exchange Commission (SEC) ,
Statutory Interpretation ,
Sustainable Business Practices