ESG Regulation & Policy News | ESG & Sustainability | OneStop ESG
201 articles · Page 16 of 17
Shell Wins Appeal on Emission Reduction Mandate
Shell wins an appeal overturning a 2021 Dutch ruling mandating a 45% emissions cut by 2030. The court noted Shell’s climate responsibility but found specific reduction targets unsupported by evidence.
13 November 2024by OnestopESG
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UK Competition Authority Ends Investigation into Unilever’s Green Claims After Adjustments
The CMA has closed its green claims investigation into Unilever, citing positive changes made by the company and overall improvements in consumer goods sustainability claims.
08 November 2024by OnestopESG
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KPMG Report Highlights EU Taxonomy Compliance Gains, Sector Gaps
The latest KPMG report reveals progress in the adoption of EU Taxonomy standards, with compliance rates climbing across Europe. Notable sectors lead, while others face challenges in alignment.
05 November 2024by Sourav Das
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IntegrityNext Expands Supply Chain Compliance Offerings with New AI-Powered Solutions
IntegrityNext introduces advanced solutions to improve supply chain sustainability and regulatory compliance, targeting visibility and adherence to EU’s deforestation-free requirements.
29 October 2024by Sourav Das
Read More →Andhra Pradesh Unveils AP Integrated Clean Energy (ICE) Policy, Targets Rs 10 Lakh Crore Investment
Andhra Pradesh launches the AP Integrated Clean Energy Policy, targeting Rs 10 lakh crore in investments for renewable energy by 2047, aiming for net zero emissions and creating 7,50,000 jobs.
18 October 2024by Sourav Das
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California Enacts Landmark Climate Disclosure Law for Large Companies
On October 1, 2024, California Governor Gavin Newsom signed a new climate disclosure law, requiring large companies operating in the state to report emissions and climate-related financial risks. The law, incorporating SB 253 and SB 261, mandates businesses with over $1 billion in revenue to disclose emissions from all scopes, while those with over $500 million must report on climate-related risks. Despite earlier concerns, the original 2026 start date remains intact. Key amendments include more flexible reporting for Scope 3 emissions and consolidated reporting at the parent company level, solidifying California’s role in advancing corporate climate transparency.
02 October 2024by Sourav Das
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EU Commission Takes Action Against 17 Member States for Failing to Implement CSRD Rules
The European Commission has initiated infringement procedures against 17 EU member states for not fully transposing the Corporate Sustainability Reporting Directive (CSRD) into their national laws. The CSRD, an update to the Non-Financial Reporting Directive (NFRD), significantly expands the scope of mandatory sustainability reporting to over 50,000 companies. It introduces stricter reporting requirements on environmental, social, and governance (ESG) impacts and risks. Despite the July 2024 deadline, countries like Germany, Belgium, and Spain have not yet complied. The Commission warned that without transposition, the harmonization of sustainability reporting across the EU would be compromised, affecting investment decisions. Member states have two months to respond before further legal action is taken. Additionally, the Commission has opened infringement cases against 26 states for failing to meet renewable energy permitting provisions, with only Denmark meeting the deadline for compliance.
01 October 2024by Sourav Das
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EU to Introduce Standardized Carbon Labels for Flights
The European Commission has proposed a new initiative, the EU Flight Emissions Label (FEL), aimed at offering passengers clear information on the carbon emissions of their flights. Part of the broader ReFuelEU Aviation regulations, the FEL will standardize how flight emissions are calculated, addressing current discrepancies across airlines. Passengers will see this information when booking flights within or departing from the EU, enabling them to make more environmentally conscious decisions. With only 5% of passengers currently having access to emissions data, despite high demand for it, the FEL will include factors like aircraft type, passenger load, and fuel used. The initiative is voluntary for airlines starting in 2025, and a dedicated website will allow public comparison of emissions across airlines. This move aims to combat greenwashing and promote cleaner operations by rewarding airlines that invest in sustainable practices, fostering competition towards lower emissions in the aviation sector.
27 September 2024by Sourav Das
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Urgent Call to Action: UNEP FI Urges Governments to Address Systemic Climate Risk
UNEP FI urges governments to urgently tackle systemic climate risks, emphasizing the need for robust regulations and collaboration to protect economies and promote sustainable finance.
25 September 2024by Sourav Das
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U.S. House Passes Controversial Anti-Woke Bill Targeting Diversity, Equity, and Inclusion in Higher Education
The U.S. House passed a controversial bill targeting DEI initiatives in higher education, sparking debate over academic freedom and inclusivity as it moves to the Senate.
24 September 2024by Sourav Das
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Accenture and UN Spotlight AI's Role in Advancing Sustainable Development Goals Amid Global Crises
Accenture and the UN highlight how generative AI can accelerate progress on Sustainable Development Goals, offering innovative solutions amid global crises.
23 September 2024by Sourav Das
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Ursula von der Leyen Unveils New EU Commission Team to Tackle Climate Action and Competitiveness
Ursula von der Leyen announces a new EU Commission team focused on climate action, security, and competitiveness, aiming to drive sustainable policies and boost economic growth in Europe.
21 September 2024by Sourav Das
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