The European Council announced that it has approved the Net-Zero industry Act (NZIA), a new law introducing a framework of measures aimed at scaling up Europe’s manufacturing capacity for technologies key to achieving the EU’s climate goals. The announcement marks the last major step in… Read More »EU Adopts Net Zero Industry Act to Scale up Decarbonization Technologies
Singapore remains a frontrunner in corporate sustainability reporting. The survey polled over 2,000 corporate reporting professionals across North America, Europe, and Asia. Transparency and Financial Performance Singaporean companies are strong advocates for transparency in environmental, social, and governance (ESG) practices. An impressive 97% of respondents… Read More »Singapore Leads in Corporate Sustainability Reporting
According to recent official pronouncements, the European Union legally enacted two pieces of broad labor and sustainability law in May: the Corporate Sustainability Due Diligence Directive and the Ecodesign regulation. Sustainability standards pertaining to longevity, a product’s environmental impact, and ease of repair, reuse, and… Read More »2 significant human rights and sustainability rules adopted by the EU
The European Council announced that it has approved the Net-Zero industry Act (NZIA), a new law introducing a framework of measures aimed at scaling up Europe’s manufacturing capacity for technologies key to achieving the EU’s climate goals. The announcement marks the last major step in… Read More »EU Adopts Net Zero Industry Act to Scale up Decarbonization Technologies
The European Council stated that member states have approved standards for a new “Ecodesign” framework, which would define sustainability requirements for almost all items marketed in the EU. Additionally, the destruction of unsold textiles and footwear will no longer be permitted. The declaration by the… Read More »EU Approves New Regulations on Product Sustainability and Prohibits Destruction of Unsold Clothes and Shoes
On April 12, 2024, the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE) and Beijing Stock Exchange (BSE) published guidelines for sustainability reports by listed companies. These set out requirements for environmental, social and governance (ESG) information disclosure by listed companies. The guidelines of the… Read More »China’s major stock exchanges issue ESG report guidelines
The UK Emissions Trading Scheme Authority has published a package of consultations on expanding the UK Emissions Trading Scheme, to further limit carbon emissions. More details on intentions to include the waste incineration and electricity from waste industries in the UK Emissions Trading Scheme. Increasing… Read More »UK Suggests Adding Waste Sectors and Greenhouse Gas Removal to the Emissions Trading Scheme
A new proposal to extend the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) to portfolio managers has been made public. The FCA is the UK’s conduct regulator for financial services firms and financial markets. The rules in the SDR are intended to help investors… Read More »FCA Offers Portfolio Managers Anti-Greenwashing and Sustainability Disclosure Guidelines
In May, 2024, the European Union (EU) issued Commission Delegated Decision (EU) 2024/14411, introducing a methodology to measure microplastics in water intended for human consumption. The move comes as a supplement to Directive (EU) 2020/2184 on the quality of water intended for human consumption2, which… Read More »EU Introduces Methodology for Measuring Microplastics in Water Intended for Human Consumption
The United Kingdom government declared that it has verified its intention to require a minimum of 10% sustainable aviation fuel (SAF) in the country’s jet fuel blend by 2030. Emissions from the aviation sector are mostly caused by fuel. SAF is considered one of the… Read More »UK will mandate 10% of jet fuel mix to be sustainable aviation fuel by 2030
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