'Several negative impacts' on SFDR if taxonomy reporting made voluntary

EFRAG mulls pivot from financial institution standards to guidance after Omnibus

The European Financial Reporting Advisory Group (EFRAG) is preparing to decide how it can help financial institutions report in line with the Corporate Sustainability Reporting Directive (CSRD) after the EU's Omnibus package withdrew the prospect of sector-specific standards.

NatureMetrics launches geospatial tool

EIOPA says Omnibus means it needs to delay insurers' sustainability risk standards

The EU's insurance supervisor has asked for a delay to its work on standards for insurers' sustainability risk disclosures, arguing that the proposed Omnibus package creates uncertainty that makes its work harder.

About 2,700 companies subject to California climate risk rule, Ceres estimates

Almost 2,700 companies are set to be subject to California rules that require them to say how climate change poses risks to their global operations, in alignment with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), Ceres has estimated.

EU Platform identifies core elements of a transition plan

Analysis of EU companies' transition plans "lays the foundation for minimum requirements" for credible plans, according to independent advisors to the European Commission.

Omnibus debate exposes divisions in European Parliament

Glass Lewis to acquire Swedish data platform Esgaia

Corporate governance and proxy voting specialist Glass Lewis will acquire Stockholm-based stewardship and engagement platform Esgaia for an undisclosed sum.

EU warned against undermining taxonomy as advisers unveil transition monitoring tool

The EU has been warned it could undermine its sustainability taxonomy if it follows through with plans to significantly reduce the scope of reporting requirements, in a report by independent expert advisers.

French regulator says it will use AI to assess SFDR reporting - but not taxonomy reports

Octopus launches nature-based carbon due diligence tool

SDI AOP launches impact-focused outcomes data

Public sector disclosure standards should use double materiality, GRI says

One-fifth fewer 'sustainability'-named funds since ESMA rules, MSCI says

Canada regulator's guidance muddies waters on legality of net-zero plans, says accounting body

Guidance from Canada's Competition Bureau on how regulation of environmental claims such as net-zero plans will be enforced has "not mitigated the issues created by the legislation ... in fact it may have exacerbated them," according to an accounting body.

Japan publishes sustainability disclosure standards based on ISSB