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…

California regulators have released a detailed Frequently Asked Questions (FAQ) document to assist companies in preparing for the state’s upcoming mandatory climate disclosure requirements under two climate-related laws: the Climate Corporate Data Accountability Act (SB 253) and the Climate-Related Financial Risk Disclosure Act (SB 261). What the FAQ Covers SB…