The European Financial Reporting Advisory Group (EFRAG) and the Global Reporting Initiative (GRI) released a joint statement announcing the interoperability of their respective reporting standards, enabling companies subject...more
In August 2023, the UK government announced that it would publish guidance on emissions monitoring and reporting for public sector organizations in order to help achieve its aim to reduce direct greenhouse gas emissions from...more
In August 2023, S&P Global announced that it would be changing its approach to its ESG Scores on corporate sustainability performance, citing inconsistent company disclosures. The “S&P Global ESG Scores Methodology” is an...more
In August 2023, the UK Parliament’s Environmental Audit Committee launched an inquiry into the current and future role of private finance in nature recovery, in order to meet its goal of reaching Net Zero by 2050 while...more
On July 31, 2023, the European Commission adopted the long-anticipated European Sustainability Reporting Standards (ESRS) for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD). The...more
9/20/2023
/ Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
European Commission ,
Investment ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices
On June 29, 2023, the Financial Conduct Authority, the UK’s financial markets regulator, released a summary of its concerns over the market for sustainability-linked loans (SLLs). Responding to concerns that banks overstate...more
On June 21, 2023, the General Court of the European Union rejected an action brought by a Member of the European Parliament (MEP) seeking to annul European Commission legislation that identified certain activities related to...more
8/2/2023
/ Climate Action Plan ,
Climate Change ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Parliament ,
Natural Gas ,
Nuclear Power ,
Sustainable Business Practices ,
Taxonomy
On June 2, 2023, the European Financial Reporting Advisory Group (EFRAG) issued a draft letter requesting comments on the International Sustainability Standards Board’s (ISSB) proposal to improve the international...more
In April, the International Auditing and Assurance Standards Board (IAASB) announced that the public consultation period for its proposed new sustainability assurance standard will begin in late July or early August 2023...more
On April 18, 2023, eight Greenpeace organizations (the organizations) filed a lawsuit against the European Commission at the European Court of Justice following the Commission’s inclusion of natural gas and nuclear energy in...more
5/24/2023
/ Climate Action Plan ,
Climate Change ,
Court of Justice of the European Union (CJEU) ,
Environmental Justice ,
Environmental Social & Governance (ESG) ,
European Commission ,
Greenpeace ,
Infrastructure ,
Natural Gas ,
Nuclear Power ,
Oil & Gas ,
Taxonomy
On April 25, the UK All-Party Parliamentary Group on ESG (APPG) published a report on environmental, social and governance issues. All-Party Parliamentary Groups are informal groups of Members of the House of Commons and...more
5/10/2023
/ Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Net Zero ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Small and Medium-Sized Enterprises (SMEs) ,
Sustainability ,
UK
The European Central Bank (ECB) has published its first climate-related financial disclosures. The disclosures provide information on ECB portfolios, including detailing their carbon footprints and exposure to climate risks,...more
On December 9, 2022, S&P Dow Jones Indices (DJI) announced the results of its 2022 Dow Jones Sustainability Indices (DJSI) Annual Review.
The top five worldwide additions by market capitalization added this year are:...more
A report released by Dutch environmental advocacy group Changing Markets Foundation has highlighted alleged “greenwashing” in the UK and German food sectors, including via claims such as ‘carbon neutral,’ ‘climate positive,’...more
The Swiss Federal Council has published a position paper on the “prevention of greenwashing in the financial sector.” The Federal Council is composed of seven members—each a head of a government department—who, collectively,...more