The U.S. Justice Department and Environmental Protection Agency (EPA) have reached a $241.5 million settlement with Marathon Oil Company over Clean Air Act violations in North Dakota. The agreement, announced on Thursday, July 11, 2024, marks the largest civil penalty ever imposed for Clean Air Act violations at stationary sources.
The European Securities and Markets Authority (ESMA) has taken steps to enhance and standardize sustainability reporting across the European Union. On July 5, 2024, ESMA released two key documents aimed at supporting the consistent application and supervision of sustainability reporting requirements.
The last few years have shined a light on GRC (governance, risk management, and compliance) processes and shifted many attitudes towards risk. Yet, many organizations are left with numerous questions: What are the best practices to identify, analyze, monitor, and manage risks specific to your organization? Do these risk activities support future business growth, and should you implement ESG controls or reporting?
Australia's financial sector is poised for a transformative journey as it embraces the Sustainable Finance Roadmap, a pivotal strategy unveiled by Treasurer Hon Jim Chalmers MP. This roadmap not only charts a course towards a sustainable economy but also mandates stringent compliance measures and integrates Environmental, Social, and Governance (ESG) considerations into financial practices.
The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), France's financial regulators, have published their 4th annual report assessing climate commitments made by banks, insurers and asset managers in the Paris financial center.
Companies are anticipating business upsides as they prepare to comply with the European Union's Corporate Sustainability Reporting Directive (CSRD), even as they grapple with major operational hurdles, according to a new global survey by PwC.
The Council of the European Union has adopted its negotiating stance on proposed EU legislation aimed at combating greenwashing and ensuring environmental marketing claims about products and services are accurate and verifiable.