The Securities and Exchange Commission (SEC) just proposed rescinding the climate-related disclosure requirements it adopted in March 2024, a rule package that had consumed years of debate, generated fierce opposition from business groups and Republican lawmakers, and become one of the defining regulatory initiatives of former SEC Chair Gary Gensler's tenure.
ASIC has delivered its first substantive assessment of Australia's new mandatory climate reporting regime, telling companies that while the initial wave of disclosures has established a foundation for comparability, significant work remains before reporting practices reach a mature and consistent standard.
Buried inside the New Zealand Financial Markets Authority's latest review of New Zealand’s climate disclosure regime is a fairly direct message to companies that have gotten comfortable speaking in broad climate abstractions. The easy part was learning the vocabulary. The harder part is explaining, in plain terms, what actually gets damaged, where, and how badly.
There was a line in Chee Hong Tat’s speech that probably would have sounded strange to anyone expecting the usual polished climate conference choreography.
New Zealand’s Financial Markets Authority has released updated guidance aimed at giving issuers clearer direction on how to disclose and communicate financial products with sustainability-related characteristics.
In a statement released Tuesday, ESMA published the results of a Common Supervisory Action examining how investment firms and credit institutions have integrated sustainability considerations into suitability assessments and product governance frameworks under MiFID II. The review, conducted alongside national competent authorities throughout 2024 and 2025, paints a picture of an industry still working through the practical realities of embedding ESG preferences into investment advice.
The European Commission is moving to scale back the complexity of the EU’s sustainability reporting regime, unveiling proposed revisions to the European Sustainability Reporting Standards that officials say will sharply reduce compliance burdens for businesses without dismantling the broader goals of the Corporate Sustainability Reporting Directive.