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SEC adopts watered down climate rule in landmark moment
06 March 2024The US Securities and Exchange Commission (SEC) has approved a landmark rule on climate-related disclosures, although it watered down elements of it, including no longer requiring disclosures on Scope 3 greenhouse gas (GHG) emissions.
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Belgium pitches pared-back CSDDD in bid to secure EU countries' approval
06 March 2024Belgium has pitched a pared-back version of the Corporate Sustainability Due Diligence Directive (CSDDD) in a last-ditch bid to gain approval of other EU countries.
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UK needs to give clarity on its CBAM strategy, EcoAct says
06 March 2024The UK risks falling further behind international peers if it does not provide details of how its proposed Carbon Border Adjustment Mechanism (CBAM) and Emissions Trading Scheme (ETS) will work in tandem, it has been warned.
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Australian disclosure standards' divergence from ISSB risks fragmentation, NBIM says
05 March 2024The divergence of proposed Australian climate disclosure standards from International Sustainability Standards Board (ISSB) standards risks undermining comparability of sustainability reports, according to Norges Bank Investment Management (NBIM).
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SEC poised to unveil hotly anticipated climate rule
29 February 2024The 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.
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EU due diligence rules 'back to square one' as countries reject text
28 February 2024The 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.
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European Parliament passes 'world first' nature restoration law
28 February 2024Investors have welcomed the European Parliament passing the "world first" Nature Restoration Law, calling it a "watershed" moment for a nature-positive economy.
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SEC dropping Scope 3 disclosure requirement will not prevent legal action, lawyer warns
26 February 2024The 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.
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Investors have 'sleepless nights' over net zero targets tied to estimated data
26 February 2024Institutional 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.
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Faber issues rallying cry as regulators diverge from ISSB, jeopardising its mission
23 February 2024The 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.