The U.S. Securities and Exchange Commission has adopted long-anticipated rules requiring public companies to provide standardized disclosures on climate-related risks, marking a significant shift in how environmental factors are incorporated into financial reporting.
UK water regulator Ofwat has proposed a £44.7 million enforcement package against Dŵr Cymru Welsh Water following an investigation that uncovered what it described as serious breaches in how the company operated and maintained parts of its wastewater system.
Poland’s competition authority has launched an investigation into the practices of the country’s electricity transmission system operator after complaints from renewable energy producers raised concerns about how generation curtailments are being applied across the market.
Chevron has agreed to pay just over $1 million to settle allegations that it violated the Clean Air Act’s Renewable Fuel Standard program by generating and selling renewable fuel credits that should never have entered the market.
The Monetary Authority of Singapore has issued new supervisory guidance aimed at strengthening how financial institutions prepare for the economic transition associated with climate change. The regulator released three sets of Guidelines on Environmental Risk Management – Transition Planning, setting out expectations for banks, insurers, and asset managers on how to assess and manage climate-related risks within their business models and portfolios.
California Air Resources Board has approved a new regulation aimed at implementing two of the state’s landmark corporate climate disclosure laws, marking a significant step toward operationalizing climate-related reporting requirements for large companies doing business in California.
The UK government has formally released its finalized UK Sustainability Reporting Standards, a move that brings Britain into closer alignment with the global sustainability reporting baseline developed by the IFRS Foundation and its standard-setting arm, the International Sustainability Standards Board.