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 UK Sustainability Disclosure Technical Advisory Committee (TAC), a government-mandated body, has released its recommendations to endorse the IFRS Foundation’s International Sustainability Standards Board’s (ISSB) climate and sustainability reporting standards for use in the UK. Published by the Financial Reporting Council (FRC), these recommendations align… Read More »UK Advisory Committee Recommends Implementing IFRS Sustainability Reporting 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

The Ministry of Environment of South Korea recently submitted a notification to the World Trade Organization (WTO) regarding the revision of the Designation of Restricted Substance and Prohibited Substance. This revision aims to strengthen the restrictions on the use of lead and its compounds as… Read More »South Korea to Ban the Following Chemicals! Impact Expected on Paints, Cleaners, and Related Industries

The California Air Resources Board (CARB), tasked with implementing and enforcing regulations requiring large companies to disclose value chain emissions and report climate-related financial risks, announced plans to ease initial reporting requirements under the new rules. CARB stated it would not pursue enforcement actions during… Read More »California to Give Companies an Extra Year Before Fully Enforcing New Climate Reporting Rules

The Hong Kong government has unveiled its Roadmap on Sustainability Disclosure, detailing plans to implement sustainability reporting requirements for companies. The roadmap outlines the introduction of reporting based on the IFRS Foundation’s International Sustainability Standards Board (ISSB) standards for certain listed companies on a “comply… Read More »Hong Kong will mandate sustainability reporting that is in line with IFRS beginning in 2025