ESG Reporting Archives

EU Approves Extended Timeline for Deforestation Regulation Compliance

NewsDecember 17, 20242KViews 0Likes 0Comments

The European Parliament has approved a one-year delay for the EU deforestation law, which aims to ban products sourced from deforested or degraded land. Initially set to take effect in December 2024, large companies now have until December 30, 2025, to comply, while small and micro enterprises will have until June 2026. Why the Delay? The…

EU Adopts New Rules to Cut Packaging Waste, Mandates Recyclability by 2030

NewsDecember 16, 20242KViews 0Likes 0Comments

The European Council announced today the adoption of groundbreaking regulations to significantly reduce packaging waste across the EU. Key measures include a requirement for all packaging placed on the market to be recyclable by 2030. The decision marks the final legislative step following the European Parliament's approval in April 2024. Initially proposed by the European Commission…

Why Carbon Accounting is Critical for Your ESG Strategy

BlogsDecember 16, 20243KViews 0Likes 0Comments

Understanding the Role of Carbon Accounting in ESG What is ESG? ESG stands for Environmental, Social, and Governance, representing key factors used to assess a company's sustainability and ethical impact. Businesses are increasingly expected to adopt sustainable practices across these areas, with growing pressure from investors, consumers, and regulators to disclose their ESG efforts. Carbon Accounting in ESG Carbon…

ESMA Publishes Q&A on ESG and Sustainability-Related Fund Naming Guidelines

NewsDecember 13, 20242KViews 0Likes 0Comments

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has released a new set of Questions and Answers (Q&As) to clarify the practical application of its Guidelines on funds' names using ESG or sustainability-related terms. The Q&As aim to promote consistency and a shared understanding among market participants and regulators on…

EU Climate Chief Rejects Calls to Weaken Car CO2 Emissions Rules

NewsDecember 12, 20242KViews 0Likes 0Comments

The European Commission will not ease its climate policies on car CO2 emissions despite mounting pressure from automakers, national governments, and the European People's Party (EPP), the bloc's largest political group. EU climate policy chief Wopke Hoekstra confirmed the stance in an interview with Reuters on Thursday. "No. The answer is no," Hoekstra said when asked…

EPA Mandates Safety Upgrades at Central Valley Meat Company After Chemical Violations

NewsDecember 11, 20242KViews 0Likes 0Comments

The U.S. Environmental Protection Agency (EPA) has announced a settlement with Central Valley Meat Company Inc., resolving claims of violations under the Clean Air Act (CAA) and the Emergency Planning and Community Right-to-Know Act (EPCRA). The Hanford-based meat processing company will pay $210,332 in civil penalties and implement substantial safety measures to align with federal…

Collaborative Efforts by ACER and ESMA Aim to Safeguard Energy Markets from Abusive Practices

NewsDecember 9, 20242KViews 0Likes 0Comments

The 7th Annual Energy Trading Enforcement Forum (ETEF) brought together over 75 representatives from the EU Agency for the Cooperation of Energy Regulators (ACER), the European Securities and Markets Authority (ESMA), energy National Regulatory Authorities (NRAs), and financial National Conduct Authorities (NCAs) to strengthen cooperation and alignment in the oversight of energy and financial markets. The…

UN Paper Recommends GRI and ISSB Standards for Sustainable Finance Framework at FfD4

NewsDecember 6, 20242KViews 0Likes 0Comments

Preparations are underway for the United Nations Fourth International Conference on Financing for Development (FfD4), set to take place in June 2025 in Seville, Spain. A recently published Elements Paper will guide these negotiations, emphasizing the critical role of sustainability reporting in aligning finance with the Sustainable Development Goals (SDGs). The paper recommends that nations adopt…

Meta Secures Green Energy Credits from U.S. Solar Projects to Support Sustainability Goals

NewsDecember 5, 20241KViews 0Likes 0Comments

Meta Platforms Inc. has announced a new agreement to purchase green energy credits from four large-scale solar energy projects in the United States, marking another significant step toward meeting its clean electricity objectives. As the demand for power from its data centers continues to grow, the company has increasingly focused on securing sustainable energy sources. The…

Greenwashing vs. Genuine Impact: How to Ensure Transparency in ESG Reporting

BlogsDecember 5, 20248KViews 0Likes 0Comments

Sustainability has become a cornerstone of corporate responsibility, with stakeholders demanding clear and genuine efforts to address environmental, social, and governance (ESG) concerns. However, the rise of greenwashing, where companies misrepresent or exaggerate their ESG achievements, threatens to undermine trust and investor confidence. Unlike greenwashing, genuine impact involves measurable, transparent ESG practices that align with…

EU Institutions Finalize Compromise on Deforestation Regulation, Implementation Delayed to December 2025

NewsDecember 4, 20242KViews 0Likes 0Comments

Negotiators from the European Union's key institutions reached a consensus on Tuesday to delay the implementation of the EU Deforestation Regulation by one year. The revised timeline sets the enforcement date for December 30, 2025, while maintaining the regulation’s original provisions without incorporating proposed amendments. The European Commission had proposed the delay in October, citing concerns…

European Commission Announces €4.6 Billion Investment in Net-Zero and Clean Hydrogen Technologies

NewsDecember 3, 20242KViews 0Likes 0Comments

The European Commission today revealed a significant investment plan, committing €4.6 billion toward decarbonization and renewable hydrogen projects. This funding, sourced through the EU Emissions Trading System (ETS), underscores the Commission’s dedication to advancing the EU’s climate neutrality goals and strengthening the competitiveness of its green industries. Investment Overview Net Zero Technologies: Two calls for…