As regulations, policies and standards related to sustainability become more prevalent and important for businesses around the world, it becomes harder for organisations to effectively manage the compliance and strategic aspects of them.With increasing demand for consistent, comparable, and transparent information about climate and other environmental, social, and corporate governance (ESG) issues, driven by investor and stakeholder pressure, as well as regulatory action, many companies are now working to formalise and integrate their sustainability efforts into their business strategy, as well as improving communication and transparency around these efforts.
Click to explore our latest insights and guidance across regulations, policies & standards
Corporate Sustainability Reporting Directive – CSRD
The CSRD is a new law governing the requirements for sustainability reporting in the EU and is a significant step up from the existing and relatively limited EU sustainability reporting requirements. While EU-specific, this legislation has broad implications for companies across the globe and will have direct and indirect impacts on many organisations. Companies will be expected to comply with the Directive as soon as the 2024 fiscal year.
Sustainable Finance Disclosure Regulation – SFDR
The European Union (EU) has started to implement the Sustainable Finance Disclosure Regulation (SFDR), which sets out rules for classifying and reporting on sustainability and ESG factors in investments.
SFDR was developed to improve transparency, which of course helps to prevent greenwashing, as well as to direct capital towards more sustainable investments/ products and businesses.
A Guide to the EU Sustainable Finance Disclosure Regulation for Financial Institutions
The Sustainable Finance Disclosure Regulation (SFDR), also known as Disclosure Regulations, came into force on 10th March 2021, imposing new transparency and sustainability-related disclosure requirements to the financial services sector. Find out more about the regulation.
SEC Climate Disclosure Regulations
On March 21st, 2022, the U.S. Securities and Exchange Commission (SEC) proposed a new rule, called The Enhancement and Standardization of Climate-Related Disclosures for Investors, which seeks to enhance and further standardise mandatory climate change disclosures for all publically listed U.S. companies.
Under the proposed climate disclosure rule, companies must provide detailed reporting of their climate-related risks, greenhouse gas (GHG) emissions (Scopes 1,2 & 3), Net Zero plans, as well as governance approaches based on these factors. The proposal from the commission has further laid out plans to increase pressure on organisations asserting environmental claims and Net Zero commitments.
From Voluntary to Mandatory: How Companies Can Incorporate Climate Risk to Increase Resilience and Prepare for SEC Required Climate Disclosures
How is your company taking proactive steps to ensure your company’s disclosure and reporting practices align with SEC requirements by leveraging voluntary disclosure practices? Learn more about how your company can incorporate climate risk to prepare for the upcoming SEC climate disclosure rulings.
Task Force on Climate-Related Financial Disclosures – TCFD
The TCFD’s aim is to develop consistent climate-related financial risk – and opportunity – disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. The TCFD framework is being adopted internationally at a rapid pace and has become the backbone of climate-related disclosure, companies now have to demonstrate TCFD alignment over a brief period.
Other regulations and policy information
The EU Energy Efficiency Directive (EED) is a pan-European mandatory compliance scheme obligating large EU final customer organisations to complete mandatory independent energy audits.
The Department for Environment, Food and Rural Affairs (Defra) has now published the outcomes to the government’s 2019 consultation on a Deposit Return Scheme (DRS) in England, Wales and Northern Ireland.
Mike Jennings, Sustainable Finance Director, collated this guide to help banks to better understand the approaches of different regulatory regimes.
ESOS is a mandatory assessment scheme in the UK, requiring large organisations to undertake energy efficiency audits every four years. The scheme incorporates all organisational energy consumption from buildings, industrial processes and transport.
Watch the webinar to discover the latest updates to the Energy Savings Opportunity Scheme (ESOS) Phase 3, what these changes mean for your business and how to reach compliance in volatile energy markets.
What do coming changes like the SEC’s proposed climate disclosure rules mean for companies? Investor pressure demanding greater quality of ESG data cannot be overstated, particularly in light of recent progress towards regulating and standardising ESG-related disclosures. Learn more about mature ESG data quality now with this guidance.
On 30th November, the European Commission published an update to the Packaging and Packaging Waste Directive (PPWD) as part of the Circular Economy package.
The UK government has introduced an extended producer responsibility (EPR) for packaging. This means that the way UK organisations responsible for packaging must carry out their recycling responsibilities is changing.
The objective of the act is for German business to comply with due diligence obligations to improve compliance with human rights and material standards within supply chains.
The new Ecodesign for Sustainable Products Regulation (ESPR) has landed, meaning brands all over the world must grapple with the need to understand and then implement a raft of new requirements.
Find out more about the number of regulations being implemented around the external reporting of environmental and climate-related risks.
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