With the first reports scheduled to start the following year, based on the 2024 financial year, the European Commission today announced the release of a new series of frequently asked questions (FAQs) designed to assist businesses and other stakeholders, including auditors, in implementing the sustainability… Read More »The EU Commission Releases the CSRD FAQ to Assist Businesses in Adopting the New Sustainability Reporting Regulations

The Integrity Council for the Voluntary Carbon Market said carbon credits issued under existing renewable energy methodologies won’t qualify for its Core Carbon Principles label. Existing renewable energy methodologies won’t receive the CCP label due to insufficient rigor. New methodologies for methane leak detection and… Read More »Integrity Council Tightens Standards for Carbon Credits in Renewable Energy

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

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

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