ESG Regulation & Policy News | ESG & Sustainability | OneStop ESG

U.S. Banks Exit Net-Zero Banking Alliance Amid Political and Legal Pressures

Several U.S. banks, including Morgan Stanley, Citi, and Bank of America, exit the Net-Zero Banking Alliance, citing political pressures, legal concerns, and a commitment to independent decarbonization goals.

Vietnam Introduces Landmark Electricity Law to Boost Renewable Energy Growth

Vietnam’s revised Electricity Law, effective February 2025, enhances renewable energy growth, fosters market competitiveness, and aligns with PDP8 goals, targeting over 60% renewables by 2050.

New York Enforces Landmark $75 Billion Climate Law Targeting Fossil Fuel Giants

New York enforces a $75 billion climate law, holding fossil fuel companies accountable for climate damages, funding infrastructure repairs, and setting a precedent for climate accountability nationwide

Germany and Netherlands Among 10 Leading Fossil Fuel Subsidizers in 2023

Global fossil fuel subsidies hit $1.5 trillion in 2023, with Germany and the Netherlands among the top spenders. Experts urge immediate action to transition funds to renewable energy projects.

EU Postpones Deforestation Regulation Enforcement to 2025 Without Changing Core Objectives

Landmark Climate Case at UN's Top Court: Small Island Nations Demand Accountability

European Commission Issues FAQ to Simplify EU Taxonomy for Investors

Microsoft Introduces Free Webinar Series 'Microsoft Sustainability Academy'

Microsoft's free Sustainability Academy webinars provide tools and insights for professionals to tackle ESG challenges, optimize reporting, and leverage AI for sustainable business strategies.

PUMA Sets Ambitious 2030 Sustainability Goals to Cut GHG Emissions by 90%

PUMA announces ambitious climate and human rights goals for 2030, including cutting GHG emissions by 90% and achieving circularity with 100% recycled polyester, alongside diversity and pay equity targets.

EU Parliament Delays and Softens Deforestation Ban, Drawing Concerns Over Environmental Impact

The European Parliament's recent vote to delay the EU deforestation regulation has raised concerns among environmental groups and industry leaders alike.

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.

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.