The Global Reporting Initiative (GRI) and the IFRS Foundation announced an expanded partnership designed to maximize the potential of each organization’s sustainable reporting standards when utilized in tandem. The announcement expands upon a 2022 initial collaboration agreement between the organizations, which aimed to ensure the… Read More »GRI and IFRS Work Together to Promote Interoperability
Background The energy sector is responsible for over 75% of the EU’s greenhouse gas emissions. In order to achieve the objective of reducing emissions by at least 55% by 2030 and attaining climate neutrality by 2050, it is imperative to increase the share of renewable… Read More »EU Adds Feedstocks for the Production of Biofuels and Biogas
The IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy), a new digital tool designed to help investors analyze sustainability-related financial disclosures based on the ISSB’s recently released sustainability and climate-related reporting standards, was released by the IFRS Foundation’s International Sustainability Standards Board (ISSB). The new Taxonomy “will… Read More »Sustainability Disclosures: A Digital Taxonomy Published by ISSB
Once the draft regulation titled The Producer Responsibility Obligations (Packaging and Packaging Waste) Regulations 2024 is approved, designated producers shall conduct recyclability assessment for all primary packaging and shipment packaging they supply. Starting from April 1, 2027, designated producers shall additionally ensure that such packaging… Read More »UK Introduces Recycling Labelling Requirements for Packaging Producers
On April 18, 2024, the House of Representative introduced a Congressional Bill H.R.8074(IH) – Forever Chemical Regulation and Accountability Act of 2024 which aims to phase out all non-essential uses of perfluoroalkyl or polyfluoroalkyl substance (PFAS) in 10-year period. As defined under the Bill, PFAS… Read More »US to Phase Out All Non-Essential Uses of PFAS in 10 Years
The Emissions Trading Scheme (ETS) Authority of the UK government announced the beginning of a new round of consultations. The proposals center on integrating greenhouse gas removals into the ETS and extending the carbon pricing system of the ETS to new industries, such as waste… Read More »UK Offers Carbon Removals and the Expansion of the Emissions Trading Scheme to New Sectors
Proposals have been made by the Securities and Exchange Board of India (SEBI) to facilitate the disclosure of environmental, social, and governance (ESG) information by listed firms and their value chain partners. Only value chain participants that together account for two percent or more of… Read More »SEBI suggests measures to facilitate listed businesses’ ESG disclosures
Overview As part of Canada’s plan to move toward the goal of zero plastic waste by 2030, the Government of Canada is taking ambitious action to reduce plastic pollution and help Canadians move towards a circular economy through an evidence-based and comprehensive plan that addresses… Read More »The Canadian Federal Plastics Registry
With an average worldwide temperature that is about 1.5°C above pre-industrial levels, 2023 was officially the hottest year on record, according to the World Meteorological Organization. Additionally, data indicate that, since the 1980s, temperatures have increased with each passing decade,with the last nine years being… Read More »Hong Kong Establishes a Green Finance Taxonomy to Strengthen the City’s Position in Fundraising
On March 28, 2024, the South Korea’s Ministry of Employment and Labor (MOEL) issued a Notice on the Names, Hazards, Risks, and Annual Manufacture and Import Quantities of New Chemical Substances and Measures to Be Taken (MOEL Notice No. 2024-162). The Ministry stated that it… Read More »South Korea’s Ministry of Labor publishes hazards and risks of 71 new chemical substances pursuant to OSHA
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