The foundation of GHG accounting standards worldwide has been the GHG Protocol, which was created in 1998 by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD). Its Corporate Standard, which was most recently updated in 2004, and the 2011… Read More »Navigating the Integration of GHG Protocol and IFRS S2 Standards
SAF requirements will begin in 2025; by 2040, it will rise to 22%. 10,000 new employment and an estimated £1.8 billion economic gain. By 2040, emissions might be reduced by up to 6.3 MtCO2e. With the introduction of the sustainable aviation fuel (SAF) mandate, the… Read More »UK to Implement Mandate for 2% Sustainable Aviation Fuel by 2025, Increasing to 22% by 2040
ESMA supports using the EU Taxonomy as the exclusive source of sustainability information. Suggests better financial product classification and transparency. Demands policy consumer testing and regulation of ESG data goods. An opinion on improving the Sustainable Finance Regulatory Framework has been released by the European… Read More »ESMA Suggests Improving the EU Sustainable Finance Framework to Combat Greenwashing and Increase Investment Clarity
Most companies and investors are not yet measuring and targeting reductions in Scope 3 value chain emissions, leading to significant overlooked and unreported financial risks in their supply chains, according to a new report released. Regarding the study “Scope 3 Upstream: Significant Difficulties, Easy Solutions,”… Read More »Companies, Investors Overlooking Major Financial Risks from Unmeasured Scope 3 Emissions
The United Nations is starting out a program that will involve a number of regional gatherings all across the world to expedite climate action and match climate commitments with the Paris Agreement. “NDCs 3.0 Regional Fora” will assist nations in updating and reworking their Nationally… Read More »UN launches program to align regional climate action with the Paris Agreement
New ecodesign rules now apply to almost all physical goods in the EU market, not just energy-related products. Products must be energy-efficient, durable, repairable, and recyclable, among other eco-friendly traits. Companies must disclose annual product waste and reasons, and public procurement must meet green criteria.… Read More »EU Expands Ecodesign Rules to Nearly All Goods, Enhancing Sustainability and Transparency
The strategy specifies key areas, and aims to develop regulatory systems for hydrogen In June, 2024, the Environment and Ecology Bureau of Hong Kong published the Strategy of Hydrogen Development in Hong Kong to promote hydrogen energy. This strategy defines targets for hydrogen energy promotion,… Read More »Hong Kong government publishes strategy for hydrogen energy promotion
The report focuses on the construction of the National ETS, CEAs allocation and surrender, and progress made since the launch of the National Voluntary Market. In recent years, China has attached great importance to the development of a national carbon market to promote cost-effective carbon… Read More »China Reports Progress on National Carbon Market
State-Level Initiatives Drive Change: Illinois and New York introduce significant climate disclosure regulations. Federal Supplier Rule Adds Momentum: New federal rule will require GHG emissions reporting from suppliers. Broader Implications for Corporates: Thousands of entities may face new mandatory disclosure requirements. Despite pushback against Environmental,… Read More »US Climate Disclosure Advances Amid ESG Pushback
The Ministry of Finance, Economic Stabilization and National Policies of Sri Lanka has published the Standardization and Quality Control Regulations under the Import and Exports (Control) Act, No.1 of 1969, while repealing the 2017 regulations on May 17, 2024. All 161 specified goods shall be… Read More »Sri Lanka Revamps Regulations on Standardization and Quality Control of Imports and Exports
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