On July 1, 2024, the Ministry of Environment of Taiwan issued the “Administrative measures for the transaction, auction and transfer of greenhouse gas reduction credits”. The Measures are issued based on the “Climate Change Response Act” enacted in 2023 and will come into effect on… Read More »Taiwan issues regulation to manage transaction, auction and transfer of GHG reduction credits
The Act on the Registration and Evaluation of Chemicals (AREC) (known as K-REACH) is a crucial regulatory framework in South Korea aimed at ensuring the safe management of chemical substances. Chemical producers and importers must register their materials with the Ministry of Environment (MoE) in… Read More »K-REACH Compliance: The Last Day to Register Existing Chemical Substances is Near
A major strategy under the Act on Preventing Mercury Pollution of the Environment was recently announced by Japan’s Ministry of Economy, Trade and Industry and Ministry of the Environment. The program will gradually phase out the manufacture of 10 specific items that contain mercury, with… Read More »Japan Declares a Ban on the Manufacturing of 10 Products Including Mercury
ESPR sets universal environmental sustainability requirements on products to promote circularity, energy efficiency and reduce environmental and climate footprint of products. Substances present in chemicals that negatively impact product sustainability will be restricted under ESPR. On June 28, 2024, Regulation (EU) 2024/1781 establishing a framework… Read More »EU Adopts A Sweeping Ecodesign Regulation, Prioritizing 11 Product Categories for Sustainability
The import, manufacture, or use of these three POPs and products containing them will be prohibited or restricted in New Zealand. New Zealand’s Environmental Protection Authority (EPA) is currently consulting on the proposal to include three new persistent organic pollutants (POPs) in Schedule 2A of… Read More »New Zealand to Prohibit 3 POPs under HSNO Act
Two new laws, the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) and the Eco-design Sustainable Products Regulation (ESPR), were formally enacted in the previous month. The ESPR is a framework legislation that, in the future, will force most items marketed in the EU (food and… Read More »EU Sustainability Regulations Start to Make Their Mark
From October 2023 through to March 2024, the Ministry of Trade, Industry and Energy of South Korea conducted its first phase of a pilot project with the aim of establishing a certification system for recycled materials. The pilot project covers five product groups, including electronic… Read More »South Korea to accelerate the creation of recycled material certification system
The International Accounting Standards Board (IASB), the accounting standards-setting body of the IFRS Foundation, announced today the publication of a consultation document, with a series of new proposed illustrative examples aimed at enabling companies to provide investors with better information about climate-related risks and other… Read More »IASB Publishes Proposed Guidance to Help Companies Report on Climate Risk
Enhanced alignment between TNFD Disclosure Recommendations and GRI Standards. Simplified reporting for GRI’s 14,000 global reporters. Consistent nature-related concepts and definitions used across both frameworks. Enhanced Biodiversity Reporting Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have unveiled a joint interoperability… Read More »GRI and TNFD Launch Mapping Tool for Enhanced Biodiversity Reporting
The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of limiting climate change, announced the release of a series of research publications aimed at informing its new standard for corporate climate target-setting,… Read More »SBTi Appears to Backtrack on Use of Carbon Credits in Corporate Net Zero Targets
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