Mining associations, representing nearly 100 companies, have launched a 60-day public consultation on the Consolidated Mining Standard Initiative, aimed at creating a unified ESG standard for the sector. Led by the Copper Mark, the Mining Association of Canada, and the International Council on Mining and Metals, the initiative seeks to simplify and broaden ESG standards…

Indonesia, Malaysia, and the European Union will jointly develop a practical guide to the EU Deforestation Regulation (EUDR) for smallholders by November, according to the Council of Palm Oil Producing Countries (CPOPC). This intergovernmental body, which includes major palm oil producers such as Indonesia, Malaysia, and Honduras, announced that the collaboration aims to support smallholders…

The European Securities and Markets Authority (ESMA) is reviewing new rules on naming sustainable investment funds after concerns were raised that they may limit funding for polluters seeking to decarbonize. The rules, effective Nov. 21, restrict funds labeled as "green" or "sustainable" from investing in high-pollution sectors like oil, gas, and coal. Fund managers may need…

The European Securities and Markets Authority (ESMA) has released the 2024 EU Carbon Markets Report, detailing the performance of the EU Emissions Trading System (EU ETS). Key Findings: Prices: EU ETS prices have dropped in 2023 due to lower demand, falling gas prices, and increased supply for the REPowerEU plan. Auctions: 10 participants bought…