California Governor Gavin Newsom signed two new landmark climate-related disclosure bills on Saturday, which will require large companies to disclose their value chain emissions and report on climate-related financial risks, but has signaled that the bills’ timelines will be pushed out and cost impacts on businesses addressed before the new laws are implemented. Both bills, SB 253, the “Climate Corporate…
Lawmakers in the European Parliament and Council announced that they have reached a provisional agreement on new legislation that will result in a massive reduction in greenhouse gas (GHG) emissions from fluorinated gases (F-gases) and ozone-depleting substances (ODS). According to a statement by the European Commission welcoming the agreement, the proposed legislation would prevent nearly 500 million tonnes of GHG…
Lawmakers in the European Parliament voted 418-79 on Thursday to approve the adoption of a new European Green Bond (EuGB) label, aimed at fighting greenwashing and providing investors with confidence that their investments are being appropriately directed towards financing sustainable business activities and technologies. Under the new standard, companies issuing bonds under the voluntary EuGB designation will be required to…
ESG (Environmental, Social, and Governance) is a series of standards that are used to measure the impact that a business or organisation has on the environment and society. It also measures how accountable the business or organisation is for its actions, as well as how transparent it is.