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Environmental Social & Governance (ESG) Climate Change

Mintz

Federal District Court Rejects Challenge to California's Climate Disclosure Law

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On August 13, 2025, the challenge to the State of California's mandatory climate disclosure regulations was resoundingly rejected by Judge Wright (C.D. Cal.). The preliminary injunction-- sought by the U.S. Chamber of...more

Blake, Cassels & Graydon LLP

Projets de conversion de dette pour la nature : Nouvelles normes de pratique à adhésion volontaire

Information générale En juin 2025, un groupe d’organismes de conservation, présidé par The Nature Conservancy, a publié de nouvelles normes de pratique à adhésion volontaire pour les projets de conversion de dette, intitulé...more

Troutman Pepper Locke

Clarity on California’s Climate Disclosure Rules Could Be on the Horizon

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As the January 1, 2026, deadline to make the first required disclosure under California’s landmark climate laws approaches, the California Air Resources Board (CARB) has announced that it will host another virtual public...more

Cooley LLP

Antitrust Regulators Provide Guidance About When Shareholder Engagement Might Become An Issue

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I’m not well-versed in antitrust law – nor do I want to be – but this recent FTC/DOJ Statement of Interest from the antitrust lawsuit filed by the State of Texas against BlackRock, State Street and Vanguard bears on...more

McDermott Will & Schulte

California’s mandatory climate risk disclosure is almost here: Is your company ready?

US public companies put aside their attention on new climate-related disclosure rules adopted in 2024 by the US Securities and Exchange Commission (SEC) because of ongoing litigation challenging these rules and recent changes...more

Jones Day

FCA Publishes Its Findings On TCFD Climate Reporting Following A Multi-firm Review

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On August 6, the UK Financial Conduct Authority ("FCA") released its findings following a multi-firm review of climate reporting by asset managers, life insurers and FCA-regulated pension providers....more

Fenwick & West LLP

CARB Announces Second Virtual Public Workshop on California’s Climate Disclosure Rules

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The California Air Resources Board (CARB) announced last week that it will hold its second virtual public workshop to support the development of California’s Corporate Greenhouse Gas Reporting Program, established by Senate...more

Alston & Bird

Sustainability Spotlight | Q2 2025

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Welcome to the latest edition of the Sustainability Spotlight, your place to keep up with all the ESG action – federal and state enforcement, shareholder proposals and litigation, and state attorney general actions. This...more

Ropes & Gray LLP

California Air Resources Board Announces Second Virtual Public Workshop – Thirteen Days to Go

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Late yesterday, the California Air Resources Board scheduled a new virtual public workshop. The workshop will be held on Thursday, August 21 at 9:30 a.m. Pacific Time. More information on what will be covered at the workshop...more

Blake, Cassels & Graydon LLP

Debt-for-Nature Conversion Projects: New Voluntary Practice Standards

Background In June 2025, a group of conservation organizations, chaired by The Nature Conservancy, published a new set of voluntary practice standards for debt conversion projects: the Practice Standards for Debt Conversion...more

Morgan Lewis

Antitrust Scrutiny of ESG Initiatives by State Attorneys General Heats Up

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Recent actions by state attorneys general in Texas and Florida highlight rising antitrust scrutiny of environmental, social, and governance (ESG)-aligned investment strategies and climate disclosure groups. Companies with...more

Hogan Lovells

International Court of Justice Advisory Opinion on the Obligations of States in respect of Climate Change: what it may mean for...

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In a landmark advisory opinion dated 23 July 2025, the International Court of Justice (“ICJ”) has unanimously found that States are legally bound to protect the environment from greenhouse gas emissions (“Opinion”). We...more

Mintz

Red State AGs' ESG Antitrust Complaint Against Asset Managers Survives Motion to Dismiss

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Last fall, a coalition of eleven Republication attorneys-general filed an antitrust complaint against three major asset managers, alleging that the asset managers' adherence to climate-friendly principles--which discourage...more

Mintz

European Union Proposes Reduction in Climate Reporting Obligations

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Last week, significant revisions were proposed to the European Union's ESG reporting rules, which reflect a major simplification and reduction in reporting obligations. Among other things, the revisions would reduce...more

A&O Shearman

UK Pensions: What's new this week? August 4, 2025

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TPR blog post on managing systemic risks - The latest blog post from the Pensions Regulator (TPR) highlights the importance of managing systemic risks, including climate change, nature loss and broader ESG factors, as "a...more

Mintz - Energy & Sustainability Viewpoints

Sustainable Energy & Infrastructure Litigation Updates — August 2025

There was a noteworthy development in the ongoing legal challenge to the SEC’s mandatory climate disclosure law (dating from the Biden administration), which is currently pending in the Eighth Circuit. Following the decision...more

Wilson Sonsini Goodrich & Rosati

Sustainability and ESG Advisory Practice Update, July 2025

We are pleased to share the July 2025 issue of Wilson Sonsini's Sustainability and ESG Advisory Practice Update. Each issue combines news, key legal developments, and resources related to sustainability and environmental,...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

DLA Piper

Horizon - ESG Regulatory News and Trends - July 2025

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Welcome to Horizon, DLA Piper’s monthly bulletin reporting on late-breaking legislative and policy developments in ESG. Our aim is to scan the litigation, enforcement, and regulatory horizon to help inform business decisions....more

Latham & Watkins LLP

SEC Responds to Eighth Circuit, Asking Eighth Circuit to Rule on Climate Disclosure Litigation

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The SEC has stated that a ruling would help it determine the relevance of future rulemaking. On July 23, 2025 the US Securities and Exchange Commission (SEC or Commission) submitted a status report ordered by the Eighth...more

A&O Shearman

FCA publishes final rules on POATR framework and UK Listing Rules

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The UK Financial Conduct Authority (FCA) has published final policy statement (PS25/9) to implement the new Public Offers and Admissions to Trading Regulations 2024 (POATRs), which will replace the UK Prospectus Regulation....more

A&O Shearman

The UK consults on its draft Sustainability Reporting Standards

A&O Shearman on

What do businesses need to know, and how can they prepare? Introduction - On June 25, 2025, the UK government initiated a consultation (the Consultation) on the exposure draft of the UK Sustainability Reporting Standards...more

Mintz

Florida AG Announces Investigation into Climate Nonprofits for Alleged Violations of Consumer Protection and Antitrust Laws Based...

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3 On July 28, 2025, the Republican Attorney-General of Florida announced that his office had “issued subpoenas to investigate whether the CDP (formerly the Climate Disclosure Project) and the Science Based Targets Initiative...more

DLA Piper

SEC Asks Eighth Circuit Court of Appeals to Rule on Climate Rules Litigation

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The Securities and Exchange Commission (SEC) has asked the Eighth Circuit Court of Appeals to lift its stay and issue a ruling in Iowa v. SEC, the case challenging the validity of its landmark Climate Disclosure Rules...more

K&L Gates LLP

June 2025 ESG Policy Update—Australia

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Australian Update - ASIC Includes Climate-Related Disclosures in its Financial Reporting and Audit Focus Areas for FY2025-26 - The Australian Securities and Investments Commission (ASIC) has published its financial reporting...more

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