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UK Government Announces Launch of Deposit Return Scheme (DRS) in October 2027

NewsJanuary 28, 20251KViews0Likes0Comments
Increased Recycling Efforts: The UK Government has officially announced the launch of the long-anticipated Deposit Return Scheme (DRS), set to begin in October 2027. This initiative aims to incentivize consumers to recycle single-use drink containers by offering financial rewards for returning empty plastic and metal bottles, ranging from 150ml to three liters. The scheme is…

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IAASB and IESBA Launch New Global Standards to Enhance Trust in Sustainability Reporting and Assurance

NewsJanuary 27, 20251KViews0Likes0Comments
The International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) today announced a significant step forward in the global efforts to strengthen sustainability reporting and assurance. The two boards have unveiled an integrated package of standards designed to advance transparency, trust, and accountability in sustainability information. This collaboration results…

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Aquaculture: A Double-Edged Sword for Ocean Health and Economic Potential

NewsJanuary 23, 20251KViews0Likes0Comments
Aquaculture: A Double-Edged Sword for Ocean Health and Economic Potential Aquaculture, often hailed as a solution to overfishing and food insecurity, has become a leading contributor to the declining health of the ocean. Across Southeast Asia, unsustainable practices in aquaculture have wreaked havoc on marine ecosystems. Shrimp ponds in Lombok, Indonesia, have destroyed mangrove forests…

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Global Survey Reveals Rising Concern Over Climate Change and Sustainability

NewsJanuary 22, 20251KViews0Likes0Comments
A new survey by Deloitte highlights growing concerns about climate change and sustainability, revealing that many individuals believe their companies are falling short in addressing these critical issues. The survey, part of Deloitte's ongoing "ConsumerSignals" series, polled over 20,000 respondents across more than 20 countries, offering insights into consumer attitudes and behaviors shaped by climate…

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New Policymaker Guide on Taxation Released to Address Global Challenges

NewsJanuary 22, 20251KViews0Likes0Comments
As governments face increasing pressures to fund public services and achieve the Sustainable Development Goals (SDGs), a newly released policymaker guide provides comprehensive strategies to enhance tax transparency, governance, and global collaboration. The guide underscores the pivotal role of tax revenues in addressing critical societal needs, including infrastructure development, poverty reduction, and climate change mitigation, while…

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President Trump Confirms U.S. Withdrawal from Paris Agreement, Reversing Biden’s Climate Policies

NewsJanuary 21, 20251KViews0Likes0Comments
In a widely anticipated move, newly inaugurated President Donald Trump announced plans to withdraw the United States from the Paris Agreement, marking a dramatic reversal of his predecessor’s climate agenda. The decision is part of a broader strategy the White House describes as “ending Biden’s policies of climate extremism.” This will be the second time the…

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EU Plans Ban on PFAS Chemicals in Consumer Products, Eyes Industrial Exemptions

NewsJanuary 21, 20251KViews0Likes0Comments
The European Commission is preparing to propose a ban on the use of PFAS, commonly known as "forever chemicals," in consumer products, while allowing exemptions for essential industrial applications, EU Environment Commissioner Jessika Roswall revealed in an interview with Reuters. PFAS (Perfluoroalkyl and Polyfluoroalkyl Substances) are a group of synthetic chemicals that persist in the environment,…

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EFRAG Submits Endorsement Advice on Amendments to IFRS 9 and IFRS 7

NewsJanuary 20, 20251KViews0Likes0Comments
The European Financial Reporting Advisory Group (EFRAG) has finalized its due process on the Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7 and submitted its Endorsement Advice Letter to the European Commission. Background Published by the International Accounting Standards Board (IASB) on 18 December 2024, the Amendments aim to enhance the financial…

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EBA Issues ESG Risk Management Guidelines: Key Deadlines and Provisions

NewsJanuary 20, 20251KViews0Likes0Comments
The European Banking Authority (EBA) has released detailed Environmental, Social, and Governance (ESG) risk management guidelines, setting a framework for EU financial institutions to address climate, social, and governance risks effectively. Effective Dates Large institutions: Comply by January 11, 2026 Small and non-complex institutions: Comply by January 11, 2027 Core Focus Areas Governance…

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EU Moves to Simplify Sustainable Finance with Proposed Taxonomy Updates

NewsJanuary 10, 20251KViews0Likes0Comments
The Platform on Sustainable Finance (PSF) has launched a public consultation to gather feedback on proposed updates to the EU Taxonomy, the European Union's framework for classifying sustainable economic activities. The proposed revisions aim to simplify criteria, expand covered sectors, and enhance the usability of the sustainable finance system. Key Proposals and Updates: New…

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EU Modernizes Construction Standards with New Regulation to Boost Sustainability and Efficiency

NewsJanuary 10, 20251KViews0Likes0Comments
The European Union has officially enacted the updated Construction Products Regulation (CPR), replacing the 2011 framework to modernize the construction industry and enhance competitiveness across the EU Single Market. A key feature of the new regulation is the introduction of Digital Product Passports, offering detailed data on product performance, safety, and sustainability. These digital tools will…

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