The International Federation of Accountants (IFAC) has announced significant updates to the International Education Standards (IESs), making sustainability-focused competencies mandatory in the training of professional accountants. The revisions aim to enhance transparency, accountability, and assurance in sustainability reporting as global demand for high-quality ESG disclosures continues to rise. Key Updates: ✔ Integrated Sustainability Approach –…

The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have announced they will withdraw proposed diversity and inclusion (D&I) regulations for the financial sector, opting instead for voluntary industry-led initiatives. The decision follows industry concerns over regulatory burdens and the need to align with existing frameworks. Key Regulatory Decisions D&I Regulations Withdrawn – Mandatory…

EcoActive has been honored with the Top Brand Corporate Sustainability 2025 recognition by EUPD Research, a prestigious award that highlights its leadership in advancing corporate sustainability and ESG (Environmental, Social, and Governance) compliance. Commitment to Sustainable Business Practices This recognition reflects EcoActive’s unwavering commitment to helping businesses navigate the evolving landscape of sustainability regulations and…

The U.S. Environmental Protection Agency (EPA) has introduced a strategic initiative to enhance the review and regulation of chemicals under the Toxic Substances Control Act (TSCA). This effort is aimed at strengthening public health protections, improving environmental safety, and increasing regulatory efficiency. The initiative will focus on: Strengthening Risk Assessments – Ensuring chemicals meet…

The United States, under the Trump administration, has formally rejected and denounced the United Nations Sustainable Development Goals (UN SDGs), a global framework adopted in 2015 as part of the 2030 Agenda for Sustainable Development. The announcement was made by Edward Heartney, Counselor for Economic and Social Affairs at the U.S. Mission to the UN,…

The Sustainability Standards Board of Japan (SSBJ) has announced its first-ever Sustainability Disclosure Standards, marking a significant step toward enhancing transparency and international comparability in corporate ESG reporting. The new framework closely aligns with the ISSB’s IFRS Sustainability Disclosure Standards, reinforcing Japan’s commitment to global sustainability practices. Key Developments: Three new disclosure standards introduced: …

The European Commission has announced an extension of the compliance period for automakers to meet CO2 emissions targets, shifting from one year to three. The move aims to provide car manufacturers with more flexibility in meeting stringent climate regulations while avoiding significant fines. Industry Relief vs. Environmental Concerns Automakers Welcome the Change – Volkswagen and…

The World Economic Forum (WEF) has released its 2025 Global Risks Report, identifying environmental threats and misinformation as the most pressing global challenges. Key Findings: Environmental Risks Dominate – Five of the top ten long-term risks include extreme weather, biodiversity loss, and critical Earth system disruptions. The report emphasizes the increasing impact of climate-related challenges…

The European Commission has announced two sweeping legislative packages, Omnibus I & II, aimed at reducing bureaucratic hurdles, simplifying compliance, and driving investment while maintaining the EU’s sustainability commitments. Key Measures: €6.3 billion in cost savings – Streamlined reporting and compliance measures will reduce administrative burdens for businesses. CSRD scope cut by 80% – Small…

The European Banking Authority (EBA) has released a new report assessing the availability of ESG (Environmental, Social, and Governance) data and the feasibility of a standardized methodology for identifying credit exposures to ESG risks. While data availability has improved in recent years, significant gaps remain, posing challenges for financial institutions. The report highlights key regulatory…

Canada’s financial regulator, the Office of the Superintendent of Financial Institutions (OSFI), has announced a three-year delay for banks and insurance companies to report financed and insured emissions under its climate-related financial disclosure framework. Originally set to begin in 2025 for large institutions and 2026 for smaller firms, Scope 3 emissions reporting will now start…

The staggering USD $4.2 trillion annual financing gap for achieving the Sustainable Development Goals (SDGs) is more than just a figure—it represents an urgent challenge requiring action and innovation. Addressing this gap extends beyond mobilizing private capital; it necessitates a fundamental shift in how organizations measure progress, manage their impact, and transform sustainability ambitions into…