The Platform on Sustainable Finance (PSF), an expert group appointed by the European Commission to advise on sustainable finance policies, has announced a new consultation focused on updates to the EU Taxonomy. These updates aim to simplify and broaden the classification system used to define… Read More »EU Platform on Sustainable Finance Unveils Proposals to Simplify, Expand EU Taxonomy

The Ministry of Environment has announced import restrictions on detergents containing nonylphenol and nonylphenol polyethoxylate due to their harmful environmental distribution and risks to human health. To provide importers time to adapt, the restrictions will be implemented in two phases. The first phase, effective from… Read More »Taiwan Imposes Import Ban on Detergents Containing Nonylphenol and Nonylphenol Polyethoxylates

The new Construction Products Regulation has officially entered into force, introducing modernized rules to replace those established in 2011. This updated Regulation aims to simplify the sale of construction products within the EU Single Market, promote innovative building techniques, and enhance the sector’s competitiveness and… Read More »EU Introduces New Regulations to Promote Sustainability and Innovation in the Construction Sector

The European Commission has unveiled new regulations for smitheries and foundries aimed at reducing their environmental and human health impacts. These regulations, known as Best Available Techniques (BAT) conclusions, will be enforced across approximately 1,000 ferrous and non-ferrous metal foundries. For the first time, they… Read More »New EU Regulations Aimed at Reducing the Environmental Impact of Smithies and Foundries

Japan has announced plans to reduce greenhouse gas (GHG) emissions by 60% from 2013 levels by 2035, an increase from its previous target of a 46% reduction by 2030. The updated plan also reaffirms Japan’s commitment to achieving net-zero emissions by 2050. Balancing Ambition and… Read More »Japan Sets New Climate Goal: 60% GHG Emission Reduction by 2035

Introduction of Basic Standards:China has unveiled its Basic Standards for corporate sustainability disclosures, designed to align with global ESG frameworks. These standards aim for full implementation by 2030. Voluntary Phase:Before mandatory compliance begins, enterprises can voluntarily adopt the standards, offering businesses the flexibility to prepare… Read More »Launching China’s First Corporate Sustainability Disclosure Standards

The Hong Kong Institute of Certified Public Accountants (HKICPA) announced the publication of its new sustainability- and climate-related reporting standards, providing the framework underlying Hong Kong’s upcoming new corporate disclosure requirements. The new standards, HKFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, and… Read More »Hong Kong Releases Sustainability, Climate Reporting Standards

The Government of Canada has announced a new climate target, aiming to reduce greenhouse gas (GHG) emissions by 45% to 50% by 2035, relative to 2005 levels. While the government positioned the new target as “the next step” toward achieving net-zero emissions by 2050, it… Read More »Canada aims to achieve a 45% to 50% reduction in greenhouse gas emissions by 2035