News & Analysis as of

Climate Change Compliance

Procopio, Cory, Hargreaves & Savitch LLP

California’s Unique Greenhouse Gas Emissions Laws Remain in Effect—For Now

Relief is not immediately in sight for companies subject to key California greenhouse gas emission laws. A federal court in California recently denied a motion for a preliminary injunction to pause compliance with SB-253,...more

ArentFox Schiff

How the ICJ Climate Change Advisory Opinion Raises Global Legal and Compliance Risks for Multinational Corporations

ArentFox Schiff on

The climate debate has whipsawed in recent years. Businesses frequently have been caught in the middle, with stakeholders including government regulators, activist investors, consumers, non-governmental organizations, and...more

Wilson Sonsini Goodrich & Rosati

Preparing for SB 261: Climate-Related Financial Risk Disclosure Reports Due by January 1, 2026, for Covered Companies

SB 261 requires companies with over $500 million in total annual revenue that do business in California to publish a climate-related financial risk report (Risk Report) by January 1, 2026, and every two years thereafter,...more

Akin Gump Strauss Hauer & Feld LLP

CARB Publishes FAQs: More Questions than Answers?

In its latest move to provide companies and other stakeholders with much needed guidance regarding the implementation of California’s climate-related disclosure regime, the California Air Resources Board (CARB) has unveiled a...more

Thomas Fox - Compliance Evangelist

Compliance and AI: Navigating Risk Management in the AI Era with Gaurav Kapoor

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are just three of the many we will explore in this cutting-edge podcast series, Compliance and AI,...more

Ropes & Gray LLP

Five Takeaways from CARB’s July 9 FAQs on California’s New Corporate Climate Disclosure Requirements

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The California Air Resources Board (CARB) has published seven pages of FAQs on California’s corporate greenhouse gas reporting and climate-related financial risk disclosure programs. These disclosure requirements are...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: June 4, 2025, The Climate Disaster Management Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News....more

Foley & Lardner LLP

SEC Climate Disclosures Rules One Step Closer to the Grave; GHG Emissions Disclosures One Step Closer to Becoming a Multi-State...

Foley & Lardner LLP on

The slow death of the Securities and Exchange Commission’s (SEC) climate disclosure rules continued on March 27, 2025, with the SEC Commissioners voting to discontinue the defense of such rules before the Eighth Circuit, Iowa...more

Paul Hastings LLP

EU Omnibus: Adjustments to the Carbon Border Adjustment Mechanism — What Do They Mean for Businesses?

Paul Hastings LLP on

European Central Bank President Mario Draghi’s report The Future of European Competitiveness highlights the need for a regulatory environment that enhances Europe’s competitiveness and resilience. Similarly, the Budapest...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Implementing National Enforcement and Compliance Initiatives Consistently with Executive Orders and Agency Priorities: U.S. EPA...

The United States Environmental Protection Agency (“EPA”) Office of Enforcement and Compliance Assurance (“OECA”) issued a March 12th memorandum titled: Implementing National Enforcement and Compliance Initiatives...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Transportation/Hazardous Materials: Pipeline and Hazardous Materials Safety Administration Interpretive Letter Addressing Carbon...

The United States Pipeline and Hazardous Materials Safety Administration (“PHMSA”) addressed in a January 3rd Interpretive Letter the applicability of the federal Hazardous Materials Regulations (“HMR”) to a device designed...more

Snell & Wilmer

U.S. Environmental Protection Agency Announces 31 Actions

Snell & Wilmer on

On March 12, 2025, the U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin announced that the agency is undertaking 31 significant actions in furtherance of the President’s Inaugural Day Executive Orders....more

K&L Gates LLP

Green, But Lean: EU Eases Sustainability Rules Without Ditching Climate Goals

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On 26 February 2025, the European Commission published the Omnibus Simplification Package, a set of proposals designed to streamline key EU sustainability regulations, eliminate redundancies, and reduce administrative burden...more

Harris Beach Murtha PLLC

NYC Large Building Owners May Owe Compliance Reports by May 1, 2025

New York Local Law 97 (“LL97”) is a landmark piece of climate legislation enacted as part of New York City’s broader Climate Mobilization Act. Passed in 2019, LL97 aims to drastically reduce greenhouse gas emissions from...more

Mayer Brown

California’s Climate Disclosure Laws: Navigating the Latest Updates

Mayer Brown on

In late 2023, California enacted “first-of-its-kind” climate-related disclosure laws comprising the following: Climate Corporate Data Accountability Act (California Senate Bill 253 (SB253)) – relating to greenhouse gas...more

A&O Shearman

Carbon fraud is on the rise—but so is the regulatory counteroffensive

A&O Shearman on

At COP29 in Baku, new rules were adopted for carbon markets under Article 6 of the Paris Agreement. These rules are meant to increase the transparency of the country-to-country trading of carbon credits under Article 6.2....more

NAVEX

The Future of ESG: Navigating a Fragmented Landscape 

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In today’s polarized and politically charged climate, few topics spark as much debate as ESG. Once a niche concern limited to green investors and idealistic board members, ESG has evolved into a mainstream business priority....more

Nossaman LLP

UPDATED: New Transportation Secretary Gets to Work with New Directives

Nossaman LLP on

February 24, 2025 Update (Diversity, Equity, and Inclusion) - The evening of February 21, 2025, Judge Adam B. Adelson, United States District Judge for the District of Maryland, issued a preliminary injunction enjoining...more

Walkers

Amendments To Air Navigation (Overseas Territories) Orders 2024

Walkers on

Two key UK statutory instruments which apply to Bermuda, the British Virgin Islands and the Cayman Islands are amended. The Air Navigation (Overseas Territories) Order 2013 is amended to, among other things, bring the...more

Mitchell, Williams, Selig, Gates & Woodyard,...

California Sustainable Insurance Strategy (SIS) Allows FAIR Plan Assessment Recoupment

The devastating wildfires in the Los Angeles region earlier this year have caused enormous financial strain on recovery mechanisms, such as the state insurer of last resort - the California FAIR (Fair Access to Insurance...more

Proskauer - Regulatory & Compliance

Streamlining Sustainable Finance: Simplification of the EU Taxonomy

On 5 February 2025, the EU Platform on Sustainable Finance (the ‘‘Platform’’) published a report with recommendations on how to simplify the EU Taxonomy (the ‘‘Report’’). The EU Taxonomy is the EU’s classification system for...more

Morrison & Foerster LLP

Corruption Perceptions Index 2024: A “Dangerous Problem” Globally, with More Expected from Governments in Asia Pacific

On February 11, 2025, Transparency International (TI) published its annual Corruption Perceptions Index (CPI) for 2024. TI observes that corruption remains “a dangerous problem in every part of the world, but change for the...more

Davies Ward Phillips & Vineberg LLP

The Canadian Competition Bureau’s Draft Guidance for Going Green

In June 2024, amendments to the Canadian Competition Act (Act) garnered significant attention (and criticism) from both business and legal communities in Canada for the introduction of new “greenwashing” provisions. The new...more

Mintz

California Climate Disclosure Laws Survive Significant Challenge

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Judge Wright (C.D. Cal.) has significantly narrowed the Chamber of Commerce's lawsuit challenging California's climate disclosure laws. (These disclosure laws mandate disclosure of Scope 1, Scope 2, and Scope 3 greenhouse...more

J.S. Held

2025 J.S. Held Global Risk Report: Global Supply Chain Challenges

J.S. Held on

The importance of the global supply chain has never been more apparent since the COVID-19 pandemic resulted in worldwide shortages of products and drove prices and inflation skyward. Supply chain disruptions have become the...more

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