The International Society of Automation (ISA), a leading global authority on automation, has published a new position paper, “Advancing Precision Agriculture Through Control System Technologies,” to emphasize the essential role of industrial control systems (ICS) in precision agriculture. Precision agriculture leverages technologies like GPS, sensors, data analytics, and automation to enhance productivity and sustainability. However, rapid…

A new IFRS Foundation report reveals that more than 1,000 companies have begun referencing International Sustainability Standards Board (ISSB) standards in their reports, with 30 jurisdictions moving towards incorporating these standards into regulatory frameworks. The report, presented to the Financial Stability Board (FSB), highlights significant progress in aligning with the Task Force on Climate-related Financial…

At COP29, CDP and EFRAG announced a significant advancement in their partnership to enhance efficiency in the environmental data ecosystem. This strengthened cooperation brings the CDP’s global disclosure system into closer alignment with the European Sustainability Reporting Standards (ESRS), marking a pivotal step toward unified environmental reporting for companies worldwide. The collaboration, which involved joint mapping…

Former President Donald Trump secured a second term this week, defeating Vice President Kamala Harris in a highly divisive election focused on issues such as abortion, foreign policy, and the economy. With Trump’s return to the White House, the GOP's control of the Senate, and a conservative-leaning Supreme Court, experts are sounding alarms on potential…

A new California law requiring large corporations to disclose value chain emissions and climate-related financial risks survived an initial legal challenge by the U.S. Chamber of Commerce. This decision by U.S. District Judge Otis Wright II allows regulations SB 253 and SB 261, signed by Governor Newsom in October 2024, to move forward. However, the…

The European Union (EU) is pushing to finalize a trade agreement with the South American Mercosur bloc by the end of 2024, EU Commissioner for Crisis Management Janez Lenarcic revealed last week. Despite ongoing negotiations, Lenarcic acknowledged that differences remain, particularly regarding a new EU law banning imports of products tied to deforestation, a contentious…

 In a significant environmental breakthrough, the European Union achieved an 8.3% reduction in greenhouse gas (GHG) emissions in 2023, marking one of the largest year-over-year declines outside of the COVID-19 pandemic, according to a new report from the European Commission. This marks a major milestone in the EU’s pursuit of climate neutrality and reinforces its…

By Peter Paul van de Wijs, Chief Policy Officer Corporate accountability is now a pressing global focus, underscored by recent international discussions on environmental action. Companies' roles in tackling sustainability challenges were central to last month's Biodiversity COP16 in Colombia, September's Climate Week NYC, and remain a high priority for the upcoming Climate Change COP29 in…

The European Securities and Markets Authority (ESMA) has released its 2024 European Common Enforcement Priorities (ECEP) Statement, outlining stringent new standards for corporate reporting under the Corporate Sustainability Reporting Directive (CSRD). This directive will now require over 50,000 companies to expand their disclosures on environmental, social, and governance (ESG) impacts. Key priorities for the upcoming reporting…

Today, the three European Supervisory Authorities (ESAs)—the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA)—released their Final Report on the draft implementing technical standards (ITS). These standards pertain to the tasks of collection bodies and the functionalities of the upcoming European Single Access Point…

Corporate biodiversity disclosures have surged by 43% since the adoption of the Global Biodiversity Framework (GBF) in 2022, often referred to as the “Paris Agreement for nature,” according to new data from CDP. The latest findings come as global leaders gather in Colombia for COP16 to discuss the Kunming-Montreal GBF implementation and set ambitious policies…

The European Securities and Markets Authority (ESMA), the European Union's regulator and supervisor for financial markets, has released its annual European Common Enforcement Priorities (ECEP) Statement for corporate reporting in 2024. For 2025, ESMA and European enforcers will focus on the following key areas: IFRS Financial Statements: Emphasizing liquidity considerations, accounting policies, judgements, and significant estimates.…