The European Union is moving to expand its Carbon Border Adjustment Mechanism (CBAM), extending the carbon border levy to include car parts and household appliances, marking a significant escalation in its climate trade policy. The proposal reflects the EU’s intent to close loopholes and strengthen carbon leakage prevention across more industrial value chains.

New York Mandates Statewide GHG Disclosure for Large Emitters Starting 2027 New York State has finalized a major regulatory mandate establishing a statewide greenhouse gas (GHG) disclosure regime for large emissions sources, positioning the state as a leader in subnational climate transparency in the United States.

The International Sustainability Standards Board (ISSB), convened under the IFRS Foundation, has announced targeted amendments to its greenhouse gas (GHG) disclosure requirements under the IFRS S2 climate-related reporting standard that aim to ease and clarify Scope 3 emissions reporting for financial firms.

The Global Reporting Initiative (GRI) has published new draft exposure standards aimed at strengthening disclosure on workforce human rights issues across corporate value chains. These drafts form part of a wider review of GRI’s labor-related sustainability reporting standards under its ongoing Labor Project, initiated by the Global Sustainability Standards Board (GSSB).

Lawmakers in the European Parliament and the Council of the European Union have reached a provisional agreement to simplify and reduce corporate sustainability reporting and due diligence requirements under the Omnibus I package, part of ongoing legislative reforms of the EU’s flagship ESG compliance framework.

The European Union has agreed on a legally binding target to reduce net greenhouse gas emissions by 90 percent by 2040 compared with 1990 levels, reinforcing its long-term trajectory toward climate neutrality by 2050.

Lawmakers from European Parliament and Council of the European Union have reached a provisional agreement to simplify and postpone the EUDR, the EU’s landmark regulation aimed at rooting out deforestation from supply chains.

The EU’s sustainability-reporting framework has been substantially updated. Under the mandate from the Corporate Sustainability Reporting Directive (CSRD), EFRAG has published a draft simplified ESRS — the revised version reduces complexity and lowers compliance burden for companies.