In a significant regulatory development, the Canadian Securities Administrators (CSA) has announced a pause on the introduction of new mandatory climate-related and diversity disclosure requirements. The decision comes amid ongoing global economic uncertainty, with the CSA citing a renewed focus on maintaining market competitiveness and economic resilience. While the rollout is on hold, companies are…

The IFRS Foundation, in collaboration with the Inter-American Development Bank (IDB) and IDB Invest, has announced a landmark strategic partnership to promote the widespread adoption and implementation of the IFRS Sustainability Disclosure Standards across Latin America and the Caribbean. This regional initiative is designed to accelerate the integration of globally recognized sustainability reporting frameworks into…

The European Union has launched a bold five-year initiative to drive sustainability and energy efficiency across key product sectors, as part of its broader green transition agenda. The new roadmap, released on Wednesday under the Ecodesign for Sustainable Products Regulation (ESPR), aims to enforce stricter standards for durability, repairability, and environmental performance between 2025 and…

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has officially launched a generational review of its Sustainability Framework — a landmark update that will shape the future of environmental and social (E&S) standards across emerging markets. Influencing more than $4.5 trillion in financial flows globally, the IFC framework serves…

Europe’s Hottest Year on Record: 2024 Brings Unprecedented Heat, Floods, and Human Impact Europe endured its hottest year ever recorded in 2024, marked by record-breaking heatwaves, widespread flooding, and escalating climate damages, according to the European State of the Climate 2024 report released by the Copernicus Climate Change Service (C3S) and the World Meteorological Organization…

The United Nations Development Programme (UNDP) and the German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) have announced new funding support for the International Sustainability Standards Board (ISSB)’s Nature-related Disclosure Projects. The initiative, backed through BMUV’s International Climate Initiative (IKI), represents a significant expansion of the ongoing partnership between…

In a major move to ease compliance and promote sustainability, the European Commission has introduced new guidance and simplification measures to support the effective implementation of the EU Deforestation Regulation (EUDR), which comes into force at the end of 2025. The updated guidance is designed to reduce the administrative burden on companies and ensure a…

The Philippine Department of Finance (DOF) is ramping up its push for a greener economy by enhancing the mandate and structure of the Inter-Agency Technical Working Group on Sustainable Finance (ITSF), widely known as the “Green Force,” as it lays out strategic priorities for 2025. Led jointly by the DOF and the Climate Change Commission…

In a pivotal shift for corporate sustainability, businesses worldwide are moving beyond greenwashing, driven by increased scrutiny and demand for measurable environmental and social impact. For years, companies have relied on vague sustainability claims, green logos, and buzzwords to present an eco-friendly image without delivering substantial results. This practice, known as greenwashing, is now under…

In a pivotal shift for corporate sustainability, businesses worldwide are moving beyond greenwashing, driven by increased scrutiny and demand for measurable environmental and social impact. For years, companies have relied on vague sustainability claims, green logos, and buzzwords to present an eco-friendly image without delivering substantial results. This practice, known as greenwashing, is now under…

The European Securities and Markets Authority (ESMA) has published the findings of its 2024 Common Supervisory Action (CSA) on ESG disclosures under the Benchmarks Regulation (BMR), marking a significant step in the EU’s ongoing efforts to enhance transparency and consistency in sustainable finance. The review, conducted in collaboration with national competent authorities, represents ESMA’s first…

In a significant shift from its long-standing domestic emissions strategy, the European Union is considering the inclusion of international carbon credits as part of its 2040 climate plan—a move that could reshape the region’s climate policy and ripple across global carbon markets. What’s on the table? ▫️ A potentially lower domestic emissions reduction target ▫️…