Importers into the EU of CBAM goods should be aware of their transitional reporting obligations under the new rules.
By Paul A. Davies, Michael D. Green, and James Bee
On 17 August 2023, the European Commission (Commission) adopted rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase,
The US Department of Energy has committed $1 billion to support clean hydrogen offtakers to kickstart the hydrogen economy.
By Joshua T. Bledsoe and Kevin A. Homrighausen
On July 5, 2023, the US Department of Energy (DOE) released a Notice of Intent (NOI) to invest up to $1 billion in a mechanism to develop reliable
The UK standards will aim to increase the comparability and value of reported information for investors.
By Paul A. Davies, Michael D. Green, and James Bee
The UK government announced on 2 August 2023 that it will develop standards for company sustainability disclosures in the UK by July 2024, leveraging the work of
The adoption of the standards marks a key milestone for reporting under the CSRD.
By Paul A. Davies, Michael D. Green, and James Bee
On 31 July 2023, the European Commission (Commission) adopted the European Sustainability Reporting Standards (ESRS),[1] following a four week-long public consultation period.
Background to the CSRD and ESRS
As the objectives gain traction, they are meeting state resistance in court.
By Robin M. Hulshizer and Malorie R. Medellin
The US Environmental Protection Agency’s (EPA’s) strategic plan for 2022–26, released in March 2022, added a new foundational principle to the agency’s mission: the advancement of environmental justice and equity. Since unveiling its strategic plan,
Following the publication of the ISSB Standards, the IFRS Foundation will take over monitoring of companies’ climate progress from 2024.
By Paul A. Davies, Michael D. Green, and James Bee
On 10 July 2023, the International Sustainability Standards Board (ISSB) and Financial Stability Board (FSB) announced that the IFRS Foundation (the organisation that
NA100 aims to propel corporate action on natural capital through investor engagement similar to the work of initiatives like Climate Action 100+.
On June 26, 2023, the Secretariat and Launching Investor Group behind Nature Action 100 (NA100) announced a set of focus areas and priority sectors for engagement with companies on
Renewable fuels of non-biological origin would play an expanded role in satisfying EU decarbonisation targets.
By Paul A. Davies, JP Sweny, Michael D. Green, James Bee, and Alexander Leighton
The European Council has formally endorsed the proposed amendments to Directive (EU) 2018/2001 on the promotion of the use of energy from
The regulation aims to minimise the EU’s contribution to deforestation and forest degradation.
By Paul A. Davies, Michael D. Green, and James Bee
The European Deforestation Regulation (EUDR) entered into force on 29 June 2023, following publication in the Official Journal of the European Union. However, the main requirements and prohibitions of the
The ASA conveyed a sense of urgency, as it believes influencing consumer behaviour will be an important part of meeting UK net zero targets.
By Paul A. Davies, Sophie J. Lamb KC, Michael D. Green, and Aleksandra Dulska
On 23 June 2023, the UK’s Advertising Standards Authority (ASA) published an update to