GRC Report Staff

The European Commission’s push to simplify sustainability reporting is gaining institutional support, but not without caveats. Over the past week, both the European Securities and Markets Authority and the European Banking Authority have backed efforts to streamline the European Sustainability Reporting Standards. At the same time, they have urged the Commission to tighten specific elements before the revised standards are locked in through a delegated act expected by summer 2026.

Sweden’s financial watchdog has formally reprimanded Samhällsbyggnadsbolaget (SBB), concluding that the property group’s 2021 consolidated financial statements painted a rosier picture than reality allowed.

On a narrow strip of land between River Rouge and Detroit, heavy industry has shaped the skyline for generations. This week, it also shaped a major federal court ruling. The U.S. District Court for the Eastern District of Michigan has ordered DTE Energy Company and three related entities to comply with the Clean Air Act and pay a $100 million civil penalty tied to sulfur dioxide emissions from the EES Coke facility on Zug Island.

India’s securities regulator is revisiting the rules that govern how sustainability performance is measured and translated into market signals. The Securities and Exchange Board of India announced that it will review the regulatory framework applicable to ESG Rating Providers, a move that places the broader sustainability ratings architecture under examination rather than any single firm or methodology.

California has secured its largest settlement yet under the California Consumer Privacy Act, with Attorney General Rob Bonta announcing that The Walt Disney Company will pay $2.75 million to resolve allegations that it failed to fully honor consumers’ requests to opt out of the sale or sharing of their personal information.

Poland’s competition and consumer protection authority has launched proceedings against HBO Europe, alleging that the streaming provider may have infringed the collective interests of consumers by unilaterally restricting access to its service on certain devices while subscriptions remained active.

The International Organization for Standardization has now published ISO 14092:2026, a new International Standard focused specifically on climate change adaptation planning for local governments and communities. The standard replaces ISO/TS 14092:2020, upgrading what had been a Technical Specification into a full International Standard and incorporating technical revisions.