Japan has taken a major step toward global sustainability reporting alignment by mandating ISSB-aligned sustainability disclosures for major listed companies. The country’s Financial Services Agency (FSA) has finalized new rules requiring large companies listed on the Tokyo Stock Exchange (TSE) Prime Market to report sustainability information using standards issued by the Sustainability…

California’s corporate climate disclosure framework has reached a major milestone. The California Air Resources Board (CARB) has officially approved the implementing regulations for SB 253 (Climate Corporate Data Accountability Act) and SB 261 (Climate-Related Financial Risk Act), confirming that corporate climate reporting will soon become a formal compliance requirement for many…

The Securities and Exchange Board of India (SEBI) has set up a working group to examine the current regulatory framework applicable to ESG Ratings Providers. This follows SEBI’s earlier introduction of regulatory oversight for ESG ratings providers through its 2023 Master Circular. The regulator stated that the review has been initiated after receiving input from…

Summary The UK’s FCA (Financial Conduct Authority) Proposes IFRS‑Aligned Sustainability Reporting Requirements for Companies Beginning 2027, ESG Today consultation has been launched by the UK Financial Conduct Authority (FCA) to overhaul sustainability reporting for UK listed companies. Key Details The FCA is proposing to replace existing TCFD-aligned climate reporting rules with…

The Philippine Securities and Exchange Commission (SEC) has formally adopted the Philippine Financial Reporting Standards (PFRS) on Sustainability Disclosures, introducing mandatory sustainability and climate-related reporting requirements for large and listed companies in the Philippines. The new standards are based on the International Sustainability Standards Board (ISSB) framework issued by the IFRS Foundation…

China has officially released a new Corporate Climate Reporting Standard, marking a significant step toward more structured, comparable, and transparent climate disclosures by companies operating in the country. Issued by China’s Ministry of Finance in coordination with financial and regulatory authorities, the Corporate Sustainable Disclosure Standard No. 1 – Climate (Trial) establishes a…

The California Air Resources Board (CARB) will conduct a public hearing to consider the proposed Climate Data and Financial Risk Reporting Fee Regulation, which includes establishing the reporting deadline for Scope 1 and Scope 2 greenhouse gas (GHG) emissions under California’s climate disclosure framework.   Key Points Public Hearing Details Date…

Australia has announced a significant step-up in its climate ambition, committing to reduce greenhouse gas emissions by 62–70% below 2005 levels by 2035. This revised target marks a notable increase from the country’s earlier 2030 commitment and reinforces Australia’s long-term objective of achieving net-zero emissions by 2050. The updated target will be submitted…

December 2025 The European Financial Reporting Advisory Group (EFRAG) has formally submitted the revised European Sustainability Reporting Standards (ESRS) to the European Commission, marking a significant step toward simplified, more proportionate sustainability reporting across the EU. These revisions follow months of consultation and feedback from preparers, industry groups, and regulators, all aiming…

The Comptroller and Auditor General of India (CAG) has begun integrating SEBI’s ESG framework—specifically the Business Responsibility and Sustainability Reporting (BRSR) criteria—into its audits of state-run companies. This marks a significant step toward mainstreaming ESG assessments within public-sector governance. About the BRSR Framework SEBI’s BRSR format is currently mandatory for the top 1,000 listed…

The Taskforce on Nature-related Financial Disclosures (TNFD) has released Guidance on Nature in Transition Plans (Version 1.0) to support organisations in embedding nature-related considerations within strategic transition planning. The guidance aligns with the Kunming–Montreal Global Biodiversity Framework (GBF) and highlights the need to integrate nature and climate strategies to achieve nature-positive outcomes.…

Date: 27 October 2025 — The Greenhouse Gas Protocol (“GHG Protocol”) has released a draft revision of its Scope 2 Guidance — the standard that governs how organisations report their emissions from purchased electricity, steam, heat and cooling. The consultation period is open through 19 December 2025. What’s New The updated guidance aims…