News Archives

California Proposes Phased Scope 3 Reporting Under SB 253

California is proposing to limit the initial Scope 3 emissions disclosures required under Senate Bill 253 to five commonly reported categories. The California Air Resources Board (CARB) presented the proposed approach during a public workshop on the state's Corporate Greenhouse Gas Reporting Program. The regulator said stakeholder feedback had raised concerns about the cost, complexity…

Mandatory Sustainability Reporting in Korea: What the 2028 Roadmap Means for KOSPI-Listed Companies

NewsJuly 22, 2026111Views 0Likes 0Comments

Korea is significantly expanding its planned mandatory sustainability reporting regime. The country’s Financial Services Commission (FSC) has finalized a roadmap that will extend the rules to major KOSPI-listed companies in stages from 2028. This article explains what changed, who it covers, the timeline, and how to prepare. The roadmap does not apply to all Korean…

Europe Adopts Simplified ESRS and Introduces Voluntary Sustainability Reporting Standard

NewsJuly 15, 2026182Views 0Likes 0Comments

The European Commission has formally adopted a revised set of European Sustainability Reporting Standards (ESRS) on 3 July 2026 as part of its broader efforts to simplify sustainability reporting across the European Union. The revised standards aim to reduce the administrative burden on companies while maintaining the quality, consistency, and comparability of sustainability disclosures required…

EU Regulators Propose New Measures to Simplify EU Taxonomy Reporting

NewsJuly 10, 2026184Views 0Likes 0Comments

The European Supervisory Authorities (ESAs)—comprising the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), and the European Insurance and Occupational Pensions Authority (EIOPA)—have published a package of proposed amendments aimed at simplifying reporting requirements under the EU Taxonomy Regulation. The proposals were developed in response to the European Commission’s request for technical…

CARB Proposes Extending California SB 253 Reporting Deadline to November 10, 2026

NewsJuly 9, 2026219Views 0Likes 0Comments

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…

ISSB Proposes Allowing TNFD Metrics to Support Nature-Related Disclosures Under IFRS

NewsJuly 6, 2026247Views 0Likes 0Comments

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…

New Zealand Releases Draft Climate Reporting Roadmap Aligned with IFRS S2

NewsJuly 2, 2026410Views 0Likes 0Comments

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…

EBA Cuts ESG Reporting Burden for Banks While Expanding Requirements to Smaller Institutions

NewsJune 24, 2026512Views 0Likes 0Comments

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…

SBTi Net-Zero Standard V2.0 introduces new requirements for target setting, transparency, and net-zero implementation.

SBTi Releases Finalized Corporate Net-Zero Standard Version 2.0

NewsJune 17, 2026256Views 0Likes 0Comments

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…

IFRS and GRI Align Sustainability Reporting Standards

IFRS Foundation and GRI Strengthen Alignment to Simplify Sustainability Reporting

NewsJune 3, 2026724Views 0Likes 0Comments

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…

EU Releases Proposed ESRS and New Voluntary Sustainability Reporting Standard for Public Consultation

NewsMay 13, 2026664Views 0Likes 0Comments

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…

ISO and GHG Protocol Advance Joint Product-Level GHG Accounting Standard

NewsApril 30, 2026812Views 0Likes 0Comments

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…