On January 24, 2024, the Ministry of Environment (MOE) of South Korea announced that, in accordance with the full revision of the pre-existing Framework Act on Resources Circulation into the Act on Promotion of Transition to a Circular Economy Society (hereinafter “Circular Economy Act” or… Read More »South Korea proposes five subordinate regulations for fully renewed Circular Economy Transition Act

A revised set of guidelines for land vehicles has been announced by the SBTi, which includes a new way for automakers to set objectives for reducing emissions by 1.5°C. Automakers can now match 1.5°C with their main source of emissions, which comes from drivers. Automotive… Read More »SBTi’s Milestone: Enabling Automakers to Match the 1.5°C Target for Vehicle Emissions

A major step forward in the advancement of sustainability reporting in Canada has been reached with the introduction of the first proposed Canadian Sustainability Disclosure Standards (CSDS), which the Canadian Sustainability Standards Board (CSSB) is pleased to announce. By creating a new standard for the… Read More »Canada Has Released Its First Sustainability Disclosure Standards

A key piece of legislation in the EU aimed at protecting and restoring natural ecosystems was dealt a major setback on Monday, with its removal from the agenda for an approval vote in the European Council after failing to maintain the necessary support by member… Read More »EU Council Fails to Approve Landmark Nature Restoration Law

The Securities and Exchange Commission adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. The final rules reflect the Commission’s efforts to respond to investors’ demand for more consistent, comparable, and reliable information about the financial effects of climate-related… Read More »SEC Sets New Standard with Climate Disclosure Rules for Public Companies

The European Parliament announced that it has aimed at restoring and protecting natural habitats and ecosystems, including a mandated target for EU countries to implement measures to restore at least 20% of the EU’s land and sea areas by 2030, and for all ecosystems in… Read More »EU Parliament Adopts Nature Restoration law, Overcoming last-Minute Objections

New guidelines on Scope 3 embodied carbon measurement and reporting have been released by the UK Green Building Council (UKGBC) for built environment stakeholders. A company’s indirect embodied carbon emissions make up between 80 and 95 percent of its whole value chain footprint. This is… Read More »Empowering Sustainability: UKGBC’s Latest Guidance on Embodied Carbon Emissions Reporting Sets Stage for Stricter Carbon Reduction Strategies