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…
22 October 2025 — The European Parliament has rejected a proposed compromise agreement on the Omnibus I Regulation, which would have substantially reduced the scope of sustainability-reporting and due-diligence obligations for companies in the EU.
What’s Behind It
The proposed agreement sought to ease compliance burdens by raising thresholds under the Corporate Sustainability Reporting…
Overview
Date: 15 October 2025
California has taken another significant step toward climate accountability. On October 10, 2025, the California Air Resources Board (CARB) released a draft reporting template and guidance memo for Scope 1 and Scope 2 greenhouse gas (GHG) emissions, forming part of the state’s broader Climate Accountability Package…
The European Financial Reporting Advisory Group (EFRAG) has enhanced its digital sustainability reporting infrastructure for small and medium enterprises (SMEs) by launching a multi-language version of the VSME Digital Template and its accompanying XBRL Taxonomy.
What’s New
The updated template enables users to switch the display language and generate inline…
The California Air Resources Board (CARB) has released a preliminary list identifying over 4,000 U.S. companies potentially subject to the state's new climate disclosure regulations, SB 253 and SB 261. This development underscores California's commitment to enhancing corporate transparency on climate-related risks and greenhouse gas emissions.
Understanding SB 253 and SB 261
SB 253 (Climate…
Spain has taken a decisive step in advancing its climate agenda with the publication of Royal Decree 214/2025 and the launch of its Climate Emergency Plan. Together, these measures move ESG reporting from voluntary to mandatory, requiring large companies and public institutions to measure, disclose, and reduce their carbon emissions while strengthening climate…
September 2, 2025: The California Air Resources Board (CARB) released a draft checklist to support companies in preparing their first climate-related financial risk reports under SB 261, also known as the Climate-Related Financial Risk Disclosure Program. These reports are due January 1, 2026, and must then be submitted biennially thereafter.
…
August 26, 2025: Hong Kong is witnessing a surge in ESG investing, especially among family offices and wealth managers. This trend is prompting regulators—including the Hong Kong Stock Exchange (HKEX)—to tighten sustainability disclosure requirements and align with global standards.
What’s New?
Impact Investments Rising: By mid-2024, over half of family office deals in…
July 31, 2025: EFRAG has released revised Exposure Drafts of the European Sustainability Reporting Standards (ESRS), marking a major step towards simplifying corporate sustainability reporting across Europe.
Following the European Commission’s March 2025 request, these revisions respond to widespread stakeholder feedback to ease the reporting burden—particularly for smaller and mid-sized entities—while preserving the standards' core…
Brussels, 30 July 2025 – The European Commission has released a recommendation introducing a Voluntary Sustainability Reporting Standard for Small and Medium-sized Enterprises (VSME). Developed by EFRAG, this new standard is designed to simplify and harmonize how non-listed SMEs report on sustainability matters—particularly when responding to requests from large corporations and financial institutions.
Read…
