The Securities and Exchange Commission (SEC) has announced a temporary halt in the implementation of its new climate disclosure rule as it engages in legal battles over its legality. This decision, disclosed on Thursday, comes as the SEC faces challenges in court regarding the enforcement of the measure.
The U.S. Environmental Protection Agency (EPA) has unveiled the final national pollution standards for passenger cars, light-duty trucks, and medium-duty vehicles, setting a new benchmark for climate action in the United States. These regulations, spanning model years 2027 through 2032 and beyond, promise to revolutionize the automotive industry while significantly curbing carbon emissions.
The Fifth Circuit Court of Appeals has issued an administrative stay of the Securities and Exchange Commission's (SEC) much-discussed climate disclosure rule. This rule, which was unveiled on March 6, 2024, aimed to compel public companies to provide enhanced disclosures regarding the risks they encounter due to climate change.
The European Union Council has reached a crucial agreement on the Corporate Sustainability Due Diligence Directive (CSDDD). This legislation, aimed at promoting responsible business conduct, marks a significant step forward in holding corporations accountable for their impacts on human rights.
The Sierra Club and the Sierra Club Foundation, represented by Earthjustice, have taken legal action against the Securities and Exchange Commission (SEC) over its recently finalized rule on climate risk disclosure. The lawsuit, filed in the U.S. Court of Appeals for the D.C. Circuit, contends that the SEC's final rule falls short of adequately addressing climate-related risks faced by public companies, consequently failing to provide investors with necessary information.
In a groundbreaking move, the U.S. Securities and Exchange Commission (SEC) has officially passed its first-ever climate disclosure rules, a development that promises to reshape corporate reporting and shed light on the environmental impact of publicly traded companies. The decision, reached in a Wednesday vote, is seen as a legacy-defining effort for SEC Chair Gary Gensler.
A recent Bloomberg survey of approximately 200 European financial market participants has shed light on a mounting challenge in the financial sector: the management of the ever-expanding volume of Environmental, Social, and Governance (ESG) data. The survey, conducted throughout 2023 and involving respondents from major European financial hubs including London, Stockholm, Geneva, Amsterdam, Frankfurt, Paris, and Milan, delved into key aspects of ESG data prioritization, challenges, and current management practices.