ESG Archives

IFAC Updates Global Standards to Strengthen Sustainability Reporting and Assurance

News16 hours ago2KViews 0Likes 0Comments

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 –…

UK Financial Regulators Scrap Proposed Diversity & Inclusion Rules

News5 days ago2KViews 0Likes 0Comments

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 Key Regulatory Decisions D&I Regulations Withdrawn – Mandatory…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 Recognized as a Top Brand in Corporate Sustainability 2025

News5 days ago2KViews 0Likes 0Comments

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…

EPA Advances Chemical Review Process to Strengthen Public Health Protections

NewsMarch 11, 20252KViews 0Likes 0Comments

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…

U.S. Rejects UN Sustainable Development Goals

NewsMarch 10, 20252KViews 0Likes 0Comments

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,…

Japan Aligns with Global Sustainability Reporting Standards

NewsMarch 6, 20252KViews 0Likes 0Comments

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: …

EU Extends CO2 Compliance Deadline for Automakers to 3 Years

NewsMarch 4, 20252KViews 0Likes 0Comments

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…

WEF 2025 Global Risks Report Highlights Environmental and Misinformation Threats

NewsMarch 3, 20252KViews 0Likes 0Comments

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…

EU Unveils Major Regulatory Reforms to Boost Business & Investment

NewsFebruary 27, 20252KViews 0Likes 0Comments

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…

EBA Report Highlights Gaps in ESG Data and Challenges in Standardizing Credit Risk Assessment

NewsFebruary 25, 20252KViews 0Likes 0Comments

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…

The 5 Main Challenges of ESG Reporting and Best Practices

BlogsFebruary 25, 20252KViews 0Likes 0Comments

Environmental, Social, and Governance (ESG) reporting has become a critical aspect of corporate transparency, enabling businesses to showcase their commitment to sustainability, social responsibility, and ethical governance. With investors, regulators, and consumers demanding greater transparency, organizations are under increasing pressure to integrate ESG considerations into their corporate strategies and financial disclosures. While ESG reporting presents significant…

Canada Delays Climate Disclosure Rules for Banks & Insurers

NewsFebruary 24, 20252KViews 0Likes 0Comments

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…