GRC Report Staff

Spain’s financial and audit regulators are trying to bring some stability to the sustainability reporting landscape as the clock ticks toward the 2025 reporting cycle. This week, the Comisión Nacional del Mercado de Valores (CNMV) and the Institute of Accounting and Auditing (ICAC) issued a joint statement outlining how Spanish companies should approach their disclosures while the Corporate Sustainability Reporting Directive (CSRD) is still in the process of being transposed into national law.

The UK’s Financial Reporting Council has issued a new thematic review highlighting persistent weaknesses in the corporate reporting of smaller listed companies and offering practical guidance aimed at narrowing the quality gap with larger firms.

The European Commission has presented a package of digital measures intended to reduce administrative burdens and support business growth across the EU. The initiative is designed to help companies focus more on innovation while maintaining the bloc’s standards for fundamental rights, data protection, safety, and fairness.

Optus Mobile has paid a penalty of about $537,000 (AUD $826,320) after Australia’s communications regulator found the company failed to follow required anti-scam rules, leaving several customers vulnerable to financial losses and identity theft.

The Environmental Protection Agency has taken enforcement action against Apple Inc., citing a series of hazardous-waste management lapses at one of the company’s Santa Clara facilities and reaching a settlement that brings the site back into compliance with federal law.

The European Supervisory Authorities have taken a step in bringing the Digital Operational Resilience Act to life, unveiling the first set of technology firms that will fall under direct EU oversight for the stability of the financial system. The designations set the formal launch of DORA’s supervision regime for critical ICT third-party providers.

A coalition of companies, non-governmental organizations, and multi-stakeholder groups from the food, cocoa, coffee, palm oil, rubber and timber sectors is calling on the European Commission to proceed with the EU Deforestation Regulation (EUDR) as scheduled. The group is reiterating its position that there should be no “stop-the-clock” mechanism, simplification review clause, or one-year delay to the regulation’s implementation.