The California Air Resources Board (CARB) has proposed extending the first greenhouse gas (GHG) emissions reporting deadline under California’s Climate Corporate Data Accountability Act (SB 253). The initial reporting deadline for Scope 1 and Scope 2 emissions has been moved from August 10, 2026, to November 10, 2026, providing organizations with an additional three months…
The International Sustainability Standards Board (ISSB) has proposed allowing companies to use disclosure metrics developed by the Taskforce on Nature-related Financial Disclosures (TNFD) to help meet nature-related disclosure requirements. The proposal forms part of the ISSB's upcoming IFRS Practice Statement on nature-related disclosures, with an Exposure Draft expected to be published for public consultation in…
The New Zealand External Reporting Board (XRB) has published its Draft Climate Reporting Roadmap 2026 for public consultation, setting out a proposed pathway to align the country’s climate-related disclosure requirements with the global IFRS S2 Climate-related Disclosures standard.
The roadmap proposes introducing a new NZ IFRS S2 Climate-related Disclosures standard while retaining New Zealand-specific requirements…
Key Updates
The European Banking Authority (EBA) has finalized revised ESG disclosure requirements under its Pillar 3 framework, significantly reducing reporting burdens for banks while extending ESG reporting obligations to smaller institutions for the first time.
The updated framework reduces ESG risk-related disclosure data points for large institutions by approximately 37%, from 2,614 to 1,648…
The SBTi Corporate Net-Zero Standard Version 2.0 has been officially released, introducing a more implementation-focused approach to corporate climate action. Developed by the Science Based Targets initiative (SBTi) , the updated standard is designed to help organizations move beyond climate commitments and accelerate measurable progress toward achieving net-zero emissions.
The new SBTi…
The IFRS Foundation and the Global Reporting Initiative (GRI) have reaffirmed their commitment to aligning sustainability reporting standards, aiming to reduce disclosure complexity and improve interoperability for organizations reporting under multiple frameworks.
The collaboration focuses on strengthening alignment between the International Sustainability Standards Board (ISSB) standards and GRI Standards, helping organizations streamline sustainability disclosures while…
The European Commission has released proposed ESRS revisions to the European Sustainability Reporting Standards (ESRS) along with a new voluntary sustainability reporting standard aimed at reducing complexity, lowering reporting burdens, and improving accessibility for companies outside mandatory CSRD scope.
The proposals form part of the EU’s broader Omnibus simplification initiative focused on streamlining sustainability compliance…
The International Organization for Standardization and Greenhouse Gas Protocol are advancing a joint effort to develop a unified product-level GHG accounting standard, addressing long-standing challenges around fragmented frameworks.
What’s Changing?
Joint Working Group (JWG) Established
A global expert group has been formed from over 450 applications across 50 countries, reflecting strong demand for consistency…
The Switzerland sustainability reporting law is evolving with new proposals from the Swiss Federal Council, introducing enhanced sustainability reporting and due diligence requirements aligned with key EU frameworks such as the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
This proposed framework, part of the Federal Act on Sustainable Corporate Governance…
Overview
Boursa Kuwait has released the 2026 Edition of its ESG Reporting Guide, aimed at supporting listed companies in disclosing their environmental, social, and governance (ESG) practices and performance in a clear, consistent, and transparent manner.
The updated guide reflects recent developments in ESG reporting both locally and globally and is aligned…
The European Financial Reporting Advisory Group (EFRAG) has introduced an interactive online version of the draft simplified European Sustainability Reporting Standards (ESRS), marking a significant step in making sustainability reporting more accessible, navigable, and implementation-ready for organizations.
This development builds on EFRAG’s broader effort to simplify ESRS under the EU’s CSRD framework, while…
California regulators are evaluating a phased implementation strategy for Scope 3 greenhouse gas (GHG) emissions reporting, acknowledging the complexity involved in capturing value chain emissions at scale. This development is part of the broader rollout of the state’s climate disclosure mandates, which are expected to significantly impact large organizations operating in or with exposure…
