ESG Regulation
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August 9, 2023
European Commission adopts European Sustainability Reporting Standards
The European Commission has adopted the European Sustainability Reporting Standards (ESRS) for use by all companies subject to the Corporate Sustainability Reporting Directive…
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July 27, 2023
EC adopts list of essential services for Critical Entities Resilience Directive
The EC has adopted a list of essential services in the eleven sectors covered by the Critical Entities Resilience Directive (CER) which entered…
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July 27, 2023
Act presented in US Congress to force insurers to disclose fossil fuel support
Democratic congressman Adam Schiff and congresswoman Rashida Tlaib have introduced the Polluter Portfolio Disclosure Act, which would require insurance companies with more than…
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July 26, 2023
Ferma urges Spanish presidency to push key legislation over the line
Ferma has called on the Spanish presidency of the Council of the EU to help deliver a more risk-based approach…
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July 18, 2023
German insurers call for policies to be excluded from EU due diligence directive
German insurance association GDV has warned the EU that, as it currently stands, the proposed Corporate Sustainability Due Diligence Directive…
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July 18, 2023
Australian risk managers put on greenwashing alert as regulator warns of concerns
The Australian Competition & Consumer Commission (ACCC) has published draft guidance designed to improve the integrity of environmental and sustainability…
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July 14, 2023
EU parliament adopts nature restoration law as food security risk rises
The European Parliament has adopted its position on the EU nature restoration law with 336 votes in favour, 300 against…
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July 13, 2023
UK polluters face unlimited fines under new legislation
UK companies will soon run the risk of unlimited civil fines and penalties for polluting waterways and other ecosystems, with…
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July 4, 2023
UK backs away from mandatory deforestation due diligence
The UK government has rejected a key amendment to the Financial Services and Markets Bill that would force financial institutions…
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July 3, 2023
EU Deforestation Regulation that targets supply chains comes into force
The EU regulation on deforestation-free products entered into force on 29 June. This means that any operator or trader in…
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June 30, 2023
European business demands more ‘reasonable’ due diligence directive
A total of 36 groups representing European businesses have issued a joint statement on the planned EU Corporate Sustainability Due…
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June 29, 2023
Australia plans to bring in mandatory climate risk reporting from 2024
The Australian Government has issued a consultation on plans to bring in mandatory reporting requirements for disclosure of climate‑related financial…
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June 29, 2023
New standard on DEI in the workplace from BSI
New guidance on diversity, equity and inclusion (DEI) in the workplace has been issued by the British Standards Institution (BSI).…
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June 29, 2023
German industry calls for reduction in red tape to cope with transition risk
German industry has called for a reduction in red tape, regulation and bureaucracy to help it cope with the painful…
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June 28, 2023
ISSB launches sustainability standards
The International Sustainability Standards Board (ISSB) has issued its inaugural standards – IFRS S1 and IFRS S2 — in a…
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June 20, 2023
Rapid growth in global ESG regulations in past decade
There has been rapid growth in sustainability-based policy interventions since 2011, with a 155% increase in global ESG regulations over…
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June 16, 2023
EC waters down sustainability reporting standards under CSRD
The EC has opened a consultation on the latest draft of its sustainability reporting standards which appears to water down…
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June 16, 2023
IPSASB kicks off public sector sustainability reporting standards project
Respondents to the International Public Sector Accounting Standards Board’s (IPSASB) May 2022 consultation paper on advancing public sector sustainability reporting…
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June 16, 2023
Regulator urges Dutch insurers to raise climate risk management game
Bert Boertje, Head of Department Policy Supervision Pensions at the National Bank of the Netherlands (DNB), was the keynote speaker during the…
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June 14, 2023
EC to regulate ESG ratings providers
The European Commission has tabled a new package of measures that it says will build on and strengthen the foundations…