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.
The Department of Justice announced a slate of major prosecutions for environmental crimes in May 2024, providing a stark reminder of the regulatory risks facing companies that fail to prioritize environmental, social, and governance (ESG) issues.
The journey towards comprehensive Environmental, Social, and Governance (ESG) reporting and assurance continues to challenge businesses, according to the latest findings from KPMG's second annual ESG Assurance Maturity Index. The survey highlights both advancements and persistent gaps in companies' readiness to meet new regulatory requirements for credible ESG disclosures.
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for an integrated platform to help financial authorities identify, monitor and manage climate-related risks in the financial system.
The U.S. Securities and Exchange Commission (SEC) has kicked off its biennial effort to collect self-assessments on diversity policies and practices from regulated entities.
A Federal Court in Australia has ruled that Active Super, a $13.5 billion (AUD) superannuation fund, made misleading representations about its environmental, social, and governance (ESG) credentials and investments.
In a coordinated move, the European Supervisory Authorities (ESAs) – comprising the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) – published their final reports on greenwashing risks on Tuesday.