Fast forward

Brussels and London explore UK participation in EU electricity market 

Negotiations aim to establish a framework for cross-border energy cooperation.

UK employment rights bill clears House of Lords 

Legislation expanding day one rights and limiting zero hours contracts moves closer to becoming law.

Commission refers Portugal to ECJ over Natura 2000 sites 

The European Commission alleges that Portugal has failed to properly assess plans and projects that may have a significant impact on Natura 2000 sites, as required by the Habitats Directive.

EU unveils Bioeconomy Strategy 

The European commission says it will create a “coherent and simplified regulatory framework” that rewards circular and sustainable business models – with faster approvals for companies offering innovative solutions. 

Canada scraps emissions cap and anti-greenwashing rules in climate policy overhaul

The Canadian government has confirmed it will abandon its planned oil and gas emissions cap and roll back anti-greenwashing provisions, as part of its 2025 budget and new “climate competitiveness strategy”.

EBA sets out final rules for banks’ environmental scenario analysis

The European Banking Authority (EBA) has finalised its guidelines on environmental scenario analysis, outlining how EU banks should assess and manage environmental risks.

Natural England publishes new biodiversity recovery strategy

‘Recovering Nature for Growth, Health and Security’ sets out how Natural England will move beyond protection to systemic, large-scale recovery of nature.

State AGs question tech companies over renewable energy claims

Sixteen state attorneys general have written to Amazon, Meta, Microsoft and Google, alleging ‘environmental accounting gimmicks’ relating to the companies’ claims that they are 100% powered by renewable energy.

US administration sued over DEI cuts to agriculture funding

The Center for Biological Diversity has launched a lawsuit to compel the US Department of Agriculture to disclose public records relating to the cancellation of funding for socially disadvantaged and marginalised farmers.

Republicans to cancel billions in green and DEI funding

Russell Vought, White House director of the office of management and budget, announced cuts to ‘Green New Scam’ and DEI-based funding.

UK opposition leader vows to repeal Climate Change Act

Kemi Badenoch, leader of the Conservative Party, says “Conservatives want to leave a cleaner environment for our children, but not by bankrupting the country.”

EU to set new NDCs before COP 30 

“We are firmly on track to meet our 2030 target to cut emissions by 55% and ahead of COP30 in Belem we will set NDC targets for 2035 and 2040,” said Ursula von der Leyen. 

Brazil to push for new forum on climate-trade complaints

Brazil will propose the creation of a forum to address how climate policy intersects with trade, two officials familiar with the plan told Reuters, with the goal of launching it at COP30 in November.

Business scholars warn against weakening EU sustainability laws

More than 260 European business scholars argue in the Copenhagen Declaration that the EU’s push to simplify regulations risks weakening key sustainability frameworks. 

Philippines pushes landmark climate accountability law

Philippines lawmakers have reintroduced the Climate Accountability Bill, aiming to make major emitters pay for damage caused by climate change. 

Multilateral banks deliver record US$137 billion in climate finance 

Multilateral development banks delivered a record US$137 billion in global climate finance in 2024, a 10% increase compared with 2023.

EU launches CBAM consultations

The European Union has launched three public consultations on the Carbon Border Adjustment Mechanism, inviting feedback on its proposals for the carbon price paid in a third country, certificates and methodology for 2026.

NZBA to vote on abandoning membership model

The Net-Zero Banking Alliance will vote on moving from a membership-based alliance to a new framework initiative – after increased scrutiny in the US of ESG activities led to a wave of banks withdrawing from the group.

France and Germany pledge greater harmony on energy markets

At the 25th Franco-German Council of Ministers, the French president and German chancellor committed to greater cooperation on cross-border energy market integration and CBAM reform – and called for a widening of the definition of small mid cap companies.

South Korean energy company faces climate lawsuit

Six farmers have filed a lawsuit against the state-owned Korea Electric Power Corporation (KEPCO), seeking financial compensation for alleged climate-related damages.

California climate disclosure laws survive legal challenge

A federal judge declined the US Chamber of Commerce’s request that the court enjoin the state’s disclosure rules.

ESG ratings are not measuring anything real, says report

The Fraser Institute argues in ‘A Lawsuit Waiting to Happen’ that ESG ratings are ‘low validity’ because they vary widely from one rating agency to another.

Renewables: majority of lawsuits are linked to transition minerals mining

A report by the Business & Human Rights Resource Centre identifies a “growing wave of legal action” around the energy transition – with transition...

HSBC exits NZBA

The bank is the first in the UK to leave the Net Zero Banking Alliance – saying it remains “resolute” in its ambition to reach net zero by 2050.

Oregon senator announces resolution to protect children

On the heels of Lighthiser v Trump, Jeff Merkley and eight other senators have introduced a resolution “to protect the fundamental rights of the nation’s children to a safe, habitable environment in the face of climate chaos”.

US federal agencies roll back core environmental protections

US federal agencies have revoked longstanding regulations implementing the National Environmental Policy Act, says Earthjustice.

ILC report: rising seas should not affect borders or statehood

A report by the International Law Council says that rising oceans should not impose legal obligations on states to update geographical boundaries.

Investors call for restraint over Omnibus reforms

198 signatories have issued a joint statement calling for regulatory simplification without compromising the substance of CSRD and CSDDD.

Norway sets 70–75% emissions cut by 2035 in new Paris Agreement pledge

Norway has submitted its updated nationally determined contribution (NDC) under the Paris Agreement, committing to reduce greenhouse gas emissions by 70–75% by 2035 compared to 1990 levels.

ISSB to publish amended guidance to and IFRS S2 and SASB

The International Sustainability Standards Board says it expects to publish two exposure drafts on 3 July.

Susman Godfrey defeats Trump executive order in federal court

“Every court to have considered a challenge to one of these orders has found grave constitutional violations and permanently enjoined enforcement of the order”, says judge as she follows suit and grants permanent injunctive relief to the law firm.

Switzerland pauses implementation of climate disclosures

The Swiss Federal Council is waiting for clarity from the EU on its Omnibus Simplification Package so it can properly align its updated reporting standards with CSRD.

SEC withdraws proposed greenwashing rules

The US Securities and Exchange Commission has formally withdrawn rules intended to give investors information on ESG investing.

EU Council reveals its Omnibus negotiating position

Among other significant proposals, the European Council says CSDDD thresholds should be increased to 5,000 employees and a €1.5 billion net turnover – and that the focus should change from an entity-based approach to a risk-based approach.

Banks urged to tackle growing climate litigation risks

A new report by CETEx and the Grantham Research Institute warns that climate-related litigation poses growing financial risks to banks, both directly and through exposure to clients facing legal action.

Oxford University publishes guide to navigating carbon trading

A team of University of Oxford-led researchers has published a set of principles which, it says, will enable countries and business entities to meaningfully engage with Article 6 of the Paris Agreement.

Fashion brands are failing to integrate worker rights, says report

A report by the Business and Human Rights Resource Centre claims that clothing retailers are driving rapid decarbonisation but excluding workers from participating in the transition.

Omnibus: European Parliament seeks further concessions

The European Parliament has published draft proposals to raise thresholds for corporate sustainability directives to €450 million in turnover and 3,000 employees.

EU launches Ocean Pact

The European Commission says that the single reference framework, which includes a forthcoming ‘Ocean Act’ for 2027, is “a comprehensive approach that builds upon existing laws and initiatives.” 

TotalEnergies greenwashing dispute in court

Three environmental NGOs challenged TotalEnergies in court last week over greenwashing claims.

Norges Bank will expect net zero plans from portfolio companies 

Norges Bank Investment Management, which manages Norway’s US$1.8 trillion Government Pension Fund Global – the world’s largest sovereign wealth fund – has released its 2025 Climate Action Plan.  

Freshfields client sustainability head moves to academia

New York partner Timothy Wilkins is retiring from the firm to focus on his academic career.

EBA announces consultation on amended disclosure requirements for ESG risks

The European Banking Authority proposes a “proportionate ESG disclosure framework aligned with the European Commission’s initiative to simplify sustainability reporting.”

EU adds four rules to Net Zero Industry Act

The commission says it has adopted an act listing net-zero technology final products and their main specific components – as well as introducing new rules for non-price criteria in member state auctions for renewable energy deployment and public procurement.

US Senate to vote on California waivers roll back

The US Senate has said it will vote this week to repeal waivers allowing the state to end the sale of gasoline-powered vehicles by 2035.

UK CCC publishes carbon budgets for Scotland

“Getting to Net Zero by 2045 will require immediate action,” the Climate Change Committee says as it recommends a 57% emissions reduction over the next five years.

Macron calls for EU to abandon CSDDD

The French president aligns himself with German chancellor Friedrich Merz who last week called for the directive to be repealed.

Omnibus risks “seriously undermining insurers’ ability to support climate goals”

A study shows that up to 85% of European insurers covered by the CSRD may be excluded from reporting obligations under the EU’s Omnibus simplification measures.

Bank of England consults on managing climate risks

The consultation paper sets out the Prudential Regulatory Authority’s (PRA) proposals on updated supervisory expectations for banks and insurers to help them manage the effects of climate change on their businesses.

UK passes Great British Energy bill

The act creates a publicly owned energy company which will invest in UK clean power projects.

Leaked EU committee document proposes major changes to Omnibus

A leaked document from the ECON committee suggests a 3,000-employee threshold and €450 million global turnover for in-scope companies – and to remove the need for companies to adopt a transition plan.

California to extend cap-and-trade programme

The US state has announced plans to extend the system by 15 years, renaming it ‘cap-and-invest'.

Report highlights UK modern slavery risks in construction

The Achilles UK Ethical Business Report 2025 reveals frontline insights into modern slavery risks across construction sites.

Nature study says machine learning can predict climate-friendly outcomes

The authors compared several nations and identified four predictors with consistent positive effects: environmentalist identity, trust in climate science, internal environmental motivation and the UN’s Human Development Index.

States join lawsuit against Vermont’s climate superfund

Twenty-four US states have joined the American Petroleum Institute and the US Chamber of Commerce in their lawsuit against Vermont’s climate superfund law.

Chile hosts Global Conference on Biodiversity Finance

The hosts say it is the “world’s largest-ever gathering” on biodiversity funding, as 130 countries attended the 6th edition of the Global Conference on Biodiversity Finance in Santiago.

Indian government consults on climate finance taxonomy

India's Department of Economic Affairs says the proposed taxonomy will "facilitate greater resource flow to climate-friendly technologies and activities, enabling India to achieve the vision of being Net Zero by 2070".

California agrees to drop zero emission trucks rule 

The decision follows mounting pressure from Congress and a lawsuit brought by 17 US states to prevent California from introducing stringent emissions rules for automotives.

Commission issues SFDR call for evidence

The European Commission announced on 2 May a call for evidence to help it carry out an impact assessment of the EU Sustainable Finance Disclosures Regulation (SFDR).

ESMA consults on rules for ESG rating providers

The European Securities and Markets Authority (ESMA) launched a Consultation Paper on draft Regulatory Technical Standards (RTS) under the ESG Rating Regulation on 2 May.

NGOs petition African court for climate change advisory opinion

The groups are seeking an opinion on states’ human rights obligations in the context of climate change from the African Court on Human and Peoples’ Rights.

Puerto Rico drops climate lawsuit

The lawsuit was originally filed in July 2024 in the Court of First Instance of San Juan and sought US$1 billion in damages from several energy companies.

US Senate votes to nullify EPA air pollutants rule

The 52-46 vote expresses congressional disapproval of the rule which requires the sources of seven air pollutants to comply with emission standards.

Republicans consider full repeal of IRA

Thirty-eight Republican members of Congress have signed a letter which argues that the US Inflation Reduction Act and its green energy subsidies will cost taxpayers approximately US$1 trillion over the next decade. 

Canada brings 200 charges against ArcelorMittal under the Fisheries Act

The Canadian government says the charges were brought against the steel and mining company following investigations into alleged deposits of toxic substances into fish-bearing waterways.

House votes to cancel California’s Clean Air Act pre-emption waivers

The US House of Representatives voted on 30 April to rescind waivers granted to California by the Environmental Protection Agency (EPA) which enabled the state to demand that manufacturers produce an increasing number of zero-emission heavy-duty vehicles.

Bank of Canada ‘retires’ sustainable finance commitment

The bank blames both its reporting methodology and amendments to prevent greenwashing in Canada’s Competition Act for terminating its C$500 billion sustainable finance goal.

FCA pauses introduction of SDR to portfolio managers

The UK’s Financial Conduct Authority says that while there is broad support for extending its sustainability disclosure requirements (SDR) to portfolio managers, it wants to “take time to carefully consider the challenges”.

EPA cancels almost 800 IRA grants

The US agency confirms it has cancelled hundreds of grants given under the Inflation Reduction Act which do not align with the Trump administration’s policies.

Hong Kong Monetary Authority publishes sustainability report

“It is here in Asia, the driving engine of global economic growth and also the region most vulnerable to the effects of climate change, that the battle for net zero will ultimately be won or lost,” says the HKMA.

Colorado air quality plan remanded to EPA for re-approval

The Center for Biological Diversity has successfully challenged a 2019 revision to Colorado state’s ambient air quality plan, which the EPA approved.

Maine proposes climate superfund act

The US state has introduced a bill to enact a superfund that aims to hold fossil fuel companies accountable for the financial impacts of climate change. 

Activists pause shareholder climate resolutions

The group Follow This says it will not file climate resolutions for the AGMs of major oil and gas companies in 2025.

ISSB releases amendments to climate-related disclosures

The proposed changes will affect IFRS S2 which should, the board says, make it easier for companies to apply the standards. 

Kenya reveals Green Finance Taxonomy  

The guidance is released in tandem with the Climate Risk Disclosure Framework and updates the 2021 rules on climate-related risk management.

EFRAG announces ESRS workplan

The EU advisory group has set out a roadmap to overhaul the European Sustainability Reporting Standards, which form a core part of the CSRD.

New York state pension fund increases sustainable holdings 

The US’s third-largest retirement fund has announced it has allocated an additional US$2.4 billion to three funds as part of its Sustainable Investments and Climate Solutions (SICS) Program. 

Omnibus decision-making process flawed, say NGOs

A group of NGOS led by ClientEarth has challenged the decision-making process behind the EU’s Omnibus Simplification Package, calling it “undemocratic, untransparent and rushed”.

Nature study assigns environmental cost to energy companies

“We argue that the scientific case for climate liability is closed,” say the authors of a study that claims to use ‘end-to-end’ attribution to allocate specific economic costs to individual energy companies via their contributions to climate change.

UK to ban solar panels made with forced labour 

Ed Miliband, the UK’s secretary of state for energy and climate change, will introduce an amendment to ban any solar panels suspected of originating from the Xinjiang province of China.

Harvard University sues Trump administration

In a lawsuit aimed at multiple government agencies, the university says “the government’s actions flout not just the first amendment, but also federal laws and regulations.”

McCarthy Tétrault partner appointed as chair of CSSB

The Canadian Sustainability Standards Board (CSSB) has announced that Wendy Berman will lead the organisation.

NZBA weakens 1.5 degrees target

The Net-Zero Banking Alliance has issued new guidelines that say its members should help aim to limit global temperature increases to “well-below 2°C, striving for 1.5°C”.

Nature study examines carbon pricing policies

The study analysed 21 OECD countries which implemented carbon pricing policies between 1990 and 2022 and argues that a government’s position constitutes a decisive element for climate policy measures.

US administration sued for deleting online climate tools

NGOs are suing the EPA and DOE over deleted websites that they say are key sources for information about environmental justice and climate change.

WCC inclines towards climate activism with litigation seminar

The World Council of Churches (WCC) organised climate litigation training in Dhaka, Bangladesh, on 11 April. “The training built the capacity of participants on avenues for legal action to address root causes of the climate emergency,” it said.

Four major firms reach $500m settlement over DEI policies

Kirkland & Ellis, Latham & Watkins, Simpson Thacher & Bartlett and A&O Shearman have entered into a settlement agreement with the US Equal Employment Opportunity Commission (EEOC) – and will provide a combined US$500 million in pro bono work to the US government.

Council approves ‘stop-the-clock’ directive

The European Council has given the go-ahead to delay CSRD reporting by two years to 2028 and to push back the application of CSDDD by one year to July 2028.

Trump EO boosts ‘beautiful clean’ coal industry

The White House has issued an executive order to reinvigorate the US domestic coal industry - with the aim of providing sufficient electricity to meet the needs of a growing manufacturing base and a surge in AI data centres.

New UK consumer law to target greenwashing

The Digital Markets, Competition and Consumers Act (DMCC) came into force on 6 April giving the UK's Competition and Markets Authority (CMA) the power to fine companies up to 10% of global turnover.

Republicans demand SEC withdraws greenwashing rules

In a letter, the Financial Services Committee says the SEC has “lost sight of its mission to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.”

Nature study finds experienced professionals are susceptible to greenwashing

An experiment examined whether purchasing managers can reliably differentiate between greenwashed and certified sustainable products – and found that they could not.

EU Parliament votes for stop-the-clock Omnibus proposal

The European Parliament has given the go-ahead to delay CSRD reporting by two years to 2028 and to push back the application of CSDDD by one year to July 2028. The proposal passed by 531 to 69, with 17 abstentions.

US embassies issue warnings against DEI policies

Government contractors and suppliers to US embassies around the world have been told they must comply with the US administration’s anti-DEI stance.

EU fast-tracks vote on stop-the-clock proposal

MEPs voted today to schedule another vote on Thursday to postpone the application of social and environmental reporting and due diligence measures.

WilmerHale responds to executive order

The law firm targeted in an executive order by President Trump on Friday has filed a complaint for declaratory and injunctive relief. “The President’s sweeping attack on WilmerHale and other law firms is unprecedented and unconstitutional,” it says.

ASIC publishes sustainability reporting guide

Regulatory Guide 280 provides guidance for entities that are required to prepare a sustainability report containing climate-related financial information under Chapter 2M of the Corporations Act 2001.

US anti-DEI activism spreads to France 

France has rejected US attempts to prevent DEI policies at French companies that operate in the US – whilst the US Federal Communications Commission has opened investigations into hiring practices at Disney and ABC.

UK government releases green finance standards 

The government-backed pioneering green finance standards were introduced on 25 March and are, the government says, the first standard for collective nature markets of its kind in the UK.

Nature journal publishes paper on China’s climate policies 

The study examines the alignment between individual climate policies and China’s NDCs.

UK issues updated modern slavery guidance

The document explains how entities should comply with section 54 of the Modern Slavery Act 2015, which requires large businesses to prepare an annual slavery and human trafficking statement.

Disney shareholders reject withdrawal from CEI

Disney shareholders rejected an NCPPR proposal on 20 March to withdraw its participation in the Human Rights Campaign's Corporate Equity Index. 

Paul Weiss executive order rescinded 

President Trump has withdrawn his executive order against Paul Weiss after Brad Karp, the chair of the law firm, met with him this week. 

UK parliament to debate Modern Slavery Act

The Backbench Committee will hold a debate on the tenth anniversary of the 2015 Modern Slavery Act on 27 March, it said in a press statement. 

Amazon loses record GDPR fine appeal 

Luxembourg’s National Commission for Data Protection (CNPD) said on 19 March that its administrative court had dismissed Amazon's appeal against a fine of €746 million. 

Germany extends borrowing for net zero fund 

The German government has proposed a debt-financed fund of €500 billion euros which will fund infrastructure, defence and progress towards climate neutrality. In doing so it suspended the ‘debt brake’ which limits government borrowing.

EU announces action on defence and decarbonising steel industry 

The European Commission announced on 19 March a white paper for European defence-readiness by 2030 and an action plan to efficiently decarbonise the steel and metals industry.

BlackRock, State Street and Vanguard move to dismiss Texas lawsuit 

Three of the world’s largest investment managers asked a federal court on 17 March to throw out a lawsuit which alleges they are engaged in a conspiracy to manipulate energy prices. 

European convention to protect lawyers adopted 

The Council of Europe has backed what it calls the first-ever international treaty aiming to protect professional rights and freedom to practice. 

US exits two major international climate finance agreements

The Trump administration is stepping away from the Just Energy Transition Partnership initiative and the UN’s Loss and Damage Fund.

ClientEarth denounces ‘disastrous’ Omnibus

ClientEarth has published an open letter, saying the Omnibus proposals send a “clear political signal” that the EU is deprioritising human rights and environmental protections.

French bill proposes CSRD repeal

Various amendments to the EU Corporate Sustainability Reporting Directive (CSRD) were proposed in the French parliament on 3 March, including the repeal of a directive transposing the CSRD into French law.

Japan launches sustainability disclosure standards

The Sustainability Standards Board of Japan (SSBJ) announced the release of its sustainability disclosure standards on 5 March.

EUDR guidance published

The European Union guidance, ‘Understanding your company position in beef, cocoa, coffee, palm oil, rubber, soy and wood supply chains’, aims to assist with implementation of the EU Regulation on Deforestation-free Products (EUDR).

ECA: member states failing to enforce maritime pollution laws

The European Court of Auditors (ECA) has released a report which says that the European Union has improved its regulations on pollution from ships – but significant implementation weaknesses mean that member states are failing to enforce them.

US Senate overturns Biden levy on methane emissions

A Senate majority voted on 27 February to reverse the proposed charge.

UK’s advisory body on climate proposes ambitious targets

UK’s advisory body on climate proposes ambitious targets 

UK introduces criminal liability and blocks bonuses for polluting water companies 

The UK government announced the Water (Special Measures) Act on 24 February.  

Apple shareholders reject anti-DEI policy

The National Center for Public Policy Research (NCPPR) lost its anti-DEI shareholder vote on 25 February. The Apple board had previously advised shareholders to reject it. 

WCC pushes ICC on criminal liability for climate disinformation 

The World Council of Churches (WCC) has announced that it has submitted comments to the International Criminal Court (ICC) after it launched a consultation in December 2024 to advance accountability for environmental crimes under the Rome Statute. 

SEC bulletin rescinds previous guidance on ESG-related shareholder proposals

The SEC says that under its new framework “proposals that raise issues of social or ethical significance may be excludable, notwithstanding their importance in the abstract”.

UN business and human rights group urges commission not to reopen CSDDD

The UN Working Group on Business and Human Rights has released a statement encouraging the European Union to ensure that any developments relating to the Corporate Sustainability Due Diligence Directive are in alignment with the UN Guiding Principles on Business and Human Rights.

UK HoL committee launches nitrogen inquiry

The UK House of Lords Environment and Climate Change Committee - chaired by Baroness Sheehan - has launched an inquiry into efficient nitrogen use. 

UK publishes 2035 NDC

The UK published its 2035 Nationally Determined Contribution (NDC) emissions reduction target on 30 January 2025. The submission provides “information to facilitate clarity, transparency and understanding” on the UK’s NDC target to reduce all greenhouse gas emissions by at least 81% by 2035 compared to 1990 levels.

Environmental group challenges Irish government in High Court over climate plan

Friends of the Irish Environment (FIE) is arguing in the High Court this week that the government’s 2023 Climate Action Plan fails to outline sufficiently how emissions will be kept within Ireland’s legally binding carbon budgets.

US Climate Alliance commits to Paris Agreement despite Trump’s exit

In a letter addressed to UN climate change executive secretary Simon Stiell, the US Climate Alliance – a group of governors from 24 states and territories – has outlined its continued commitment to protect and advance climate action across America.

EU plans to ban PFAS in consumer products

The European Commission is likely to propose a ban on so-called 'forever chemicals' -Perfluoroalkyl and Polyfluoroalkyl Substances (PFAS) - with exemptions for industrial use.

EFRAG publishes paper to help with CSRD reporting 

The European Financial Reporting Advisory Group (EFRAG) has published a paper, Understanding the synergies between ESRS and EMAS, which aims to help entities that report under both the European Sustainability Reporting Standards (ESRS) and Eco-Management and Audit Scheme (EMAS) frameworks. 

US Federal Reserve quits NGFS

The Federal Reserve announced that it had left the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) on 17 January.

Ireland’s High Court rules that planning body must comply with climate law

A wind farm was wrongly denied planning permission because the planning authority did not give due regard to the relevant provisions in Irish climate law, according to the decision in Coolglass Wind Farm v An Bord Pleanála.

CARB withdraws plans to phase out diesel trucks and locomotives

The California Air Resources Board has announced the withdrawal of a number of clean air laws that it submitted for approval by the United States’ Environmental Protection Agency (EPA) on 14 January.

US government adds 37 companies to UFLPA Entity List

The Biden administration has added the Chinese firms to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List.

New York climate lawsuit dismissed 

The Supreme Court of the State of New York, County of New York, dismissed a lawsuit against Exxon Mobil, BP and Shell on 14 January. 

EU schedules omnibus legislation for February 

The omnibus legislation is scheduled for oral discussion or possible publication on 26 February in the EU’s Register of Commission Documents.  

Tanzania introduces mandatory climate and sustainability reporting for banks 

The Bank of Tanzania issued new guidelines on 10 January, under which financial institutions must integrate climate and sustainability risks into their governance and reporting frameworks. 

Belgium implements CSRD

The Belgian parliament formally adopted the Corporate Sustainability Reporting Directive on 28 November. The law will be published in the Belgian State Gazette before entering into force.

Kennedys achieves STBi validation for net zero target

Science-Based Targets initiative has approved Kennedys’ plans to reduce the firm’s global Scope 1, 2 and 3 greenhouse gas (GHG) emissions by 90% by FY2040, from a FY2020 base year.

Committee says UK workers’ rights bill not fit for purpose 

A Regulatory Policy Committee report on the UK government’s Employment Rights Bill has branded the proposed legislation as “not for purpose”. 

Ursula von der Leyen announces Global Energy Transition Forum

The President of the European Commission announced the partnership with the United Kingdom in a speech at the G20 in Rio de Janeiro, Brazil.

BNP Paribas launches Future Forest Fund

BNP Paribas Asset Management announced its Future Forest Fund on 20 November. The fund will invest in sustainable forestry “to generate financial returns to...

IFRS: investors lack sufficient information to assess climate risks and opportunities

More than 1,000 companies have referenced the International Sustainability Standards Board (ISSB) in their reports and 30 jurisdictions are making progress towards introducing ISSB Standards in their legal or regulatory frameworks, the International Financial Reporting Standards Foundation (IFRS) revealed in a survey published on 12 November.

EU Council pushes ahead with carbon removal certification framework

The European Council has approved a regulation on that establishes the first EU-level certification framework for permanent carbon removals, carbon farming and carbon storage in products.

EU adopts ban on products made with forced labour

The European Union announced the formal adoption of its legislative ban on products in the supply chain made with forced labour in a press...

IPSF launches green taxonomy comparison for China, the EU and Singapore

The International Platform on Sustainable Finance (IPSF) launched the multi-jurisdiction common ground taxonomy (M-CGT) on 14 November at COP29 in Baku, Azerbaijan. The M-CGT compares...

Kramer Levin merger bolsters HSF’s global ESG team

Global law firm Herbert Smith Freehills and US east coast firm Kramer Levin announced their plans to merge on 11 November. The new firm will be named Herbert Smith Freehills Kramer.

UK government pledges 81% emissions reduction at COP29

The UK prime minister Keir Starmer announced an ambitious emissions reduction target of 81% by 2035 at COP29 – and called on other countries...

Coca-Cola and Pepsi sued in plastic pollution lawsuit

Los Angeles County announced on 30 October that it has filed a lawsuit against PepsiCo and Coca-Cola over alleged misrepresentations relating to the effects...

Gucci denied motion for dismissal of ethical slaughter lawsuit

Gucci America moved to dismiss claims made against itself and parent company Kering on 21 October 2024 in the District Court for the Northern...

Denmark receives EU state aid approval for €724 million GHG tax reduction scheme

The scheme reduces the rate of a new greenhouse gas emissions (GHG) tax for certain sectors prone to carbon leakage.

EU ploughs €4.8 billion from emissions trading scheme into Net Zero projects

The European Commission announced on 23 October that it has selected 85 Net Zero projects around the European Union to receive almost €5 billion of grants. The funding for the grants comes from the EU's Emissions Trading Scheme Innovation Fund.

Historic Japanese climate litigation begins

The first hearing of Japan’s historic youth climate lawsuit will begin in the Nagoya District Court on 24 October.  A group of 16 youths is...

Kirkland sponsors GLAAD annual Spirit Day

For the 12th year in a row, Kirkland & Ellis sponsored GLAAD's annual Spirit Day, "the world’s largest and most visible campaign to accelerate acceptance of LGBTQ+ youth".

Gas company caught up in $51 billion climate lawsuit

NW Natural, an Oregon-based utility company, has been added as a defendant in ongoing litigation against fossil fuel companies by Multnomah County, Oregon.

Greece ramps up renewable energy targets

The country's revised national energy and climate plan (NECP) aims for 82% of electricity to come from renewable sources by 2030.

European Commission refers Italy to ECJ over gaps in employment legislation

The European Commission has announced that it is referring Italy to the European Court of Justice because it lacks the rules needed to ban...

No appeal from West Cumbria Mining over UK High Court decision

Friends of the Earth confirmed on 14 October that West Cumbria Mining have not lodged any appeal papers, missing the deadline to appeal against...

Rio Tinto expands energy transition business

British-Australian mining company Rio Tinto announced on 9 October that it has purchased US-based Arcadium Lithium for US$6.7 billion.

ASIC targets substandard SMSF auditors

The Australian Securities and Investments Commission (ASIC) has taken action against the registration of 13 self-managed superannuation fund (SMSF) auditors.   The regulatory body has disqualified...

UK becomes first G7 country to abandon coal power

The United Kingdom’s last remaining coal-fired power plant closed on 30 September.

Fossil fuel advertising banned in The Hague 

The Dutch city became the world’s first to pass a law banning fossil fuel-related advertising in public spaces on 13 September.  The city council voted...

ESMA recommends increased disclosures on financial products for retail investors

The European Securities and Markets Authority (ESMA) published on 24 July its non-binding recommendations for the Sustainable Finance Regulatory Framework that – if taken...

Latin American nations introduce food eco-labelling programme

This week sees the launch of the Environmental Alliance of America (or Alianza Ambiental de América – AAA), a voluntary regional food-labelling programme that...

US report alleges plastic producers knew of recycling ‘inadequacies’ for decades

A new report released by the Washington-based Center for International Environmental Law (CIEL), “Making Plastic Polluters Pay: How Cities and States Can Recoup the...

Just Stop Oil protestors given record sentences

On 18th July, five activists from UK-based environmental protest organisation Just Stop Oil were sentenced at London’s Southwark Crown Court for 4-5 years. These lengthy...

UK government proposes legislative agenda with environmental underpinning

In last week’s King’s Speech, Britain’s new Labour government opened its legislative agenda with the announcement of 40 bills, a number of which included a...