Sixteen U.S. state attorneys general have raised concerns with Deloitte, EY, KPMG and PwC over their involvement in climate-related disclosure initiatives, bringing renewed attention to the role of accounting firms in the evolving sustainability reporting landscape.

Australia is considering measures to reduce the compliance burden associated with mandatory climate-related financial disclosures, while maintaining the country's broader sustainability reporting framework. The Australian Treasury has opened a consultation on proposed efficiency measures designed to reduce reporting costs for companies and ease the information-request burden placed on businesses within corporate value chains. The consultation is open from 24 August to 2 October 2026.

The European Commission has released a new set of 10 guidance documents to help businesses and non-EU producers navigate compliance with the Carbon Border Adjustment Mechanism (CBAM) during its definitive phase.

Canada has reached an agreement to support nearly C$70 billion (US$50.5 billion) in new hydroelectric and wind energy projects, marking a major investment in the country's clean electricity infrastructure and energy transition.

Germany has approved legislation aimed at providing greater stability and predictability for carbon prices through 2027, as the country prepares for the transition toward the European Union's expanded carbon-pricing framework.

The GHG Protocol has announced key updates to its standards development process, marking an important step in the ongoing evolution of the world's leading greenhouse gas accounting framework. The updates are intended to strengthen the consistency, transparency, and reliability of emissions reporting as organizations respond to growing sustainability disclosure requirements.