SEC poised to unveil hotly anticipated climate rule
The US Securities and Exchange Commission (SEC) is to unveil its hotly anticipated climate rule next week, when commissioners will vote on adoption of the file.
EU due diligence rules 'back to square one' as countries reject text
The EU's Corporate Sustainability Due Diligence Directive (CSDDD) is in peril after EU member states voted down the latest text, forcing it back to the European Parliament just three months before the end of its mandate.
European Parliament passes 'world first' nature restoration law
Investors have welcomed the European Parliament passing the "world first" Nature Restoration Law, calling it a "watershed" moment for a nature-positive economy.
SEC dropping Scope 3 disclosure requirement will not prevent legal action, lawyer warns
The US Securities and Exchange Commission (SEC)'s reported plan to drop a requirement that would require publicly listed companies to disclose value chain emissions will not protect the government agency from legal action, a lawyer has said.
Investors have 'sleepless nights' over net zero targets tied to estimated data
Institutional investors lose sleep over net zero targets for which progress reporting is tied to huge volumes of estimated data, particularly data relating to greenhouse gas (GHG) emissions from a company's value chain, a conference heard.
Faber issues rallying cry as regulators diverge from ISSB, jeopardising its mission
The chair of the International Sustainability Standards Board (ISSB) has issued a "call to action" for regulators to unite behind by the organisation's standards, warning that divergence from them threatens to undermine its mission.
Switzerland encouraged to use debt-for-nature swaps
The Swiss government has been encouraged to help scale up private investment in biodiversity, either through providing first-loss capital or developing debt-for-nature swaps.
Bank of America CEO pleas for regulatory consistency on ISSB adoption
Bank of America's CEO urged regulators not to diverge from the IFRS Sustainability Disclosure Standards, as the banking head warned that doing so would deepen confusion of an 'alphabet soup' of sustainability reporting.
Indonesia includes coal in green and transition taxonomy
Indonesia has taken the controversial decision to include the financing of new coal power plants as a transitional activity in its sustainable finance taxonomy.
Foresight calls for woodland's inclusion in UK ETS
Foresight Sustainable Forestry Company has called for the inclusion of woodland carbon credits in the UK Emissions Trading System (ETS), to help raise prices and encourage land to be switched from agricultural production to afforestation.