ESG

Council Moves Forward on Revising EU Deforestation Law as Industry Coalition Calls for Staying on Schedule

EU governments have agreed on their starting position for revising the EU Deforestation Regulation, signalling that the legislation may not apply as early as previously planned. Member States endorsed a one-year postponement alongside several changes aimed at easing administrative pressure on companies and national authorities.

New Deloitte Report Finds Sustainability Holding Strong as AI Accelerates Progress

Deloitte Global’s 2025 C-suite Sustainability Report suggests that corporate sustainability is sharing the front row with technology adoption and artificial intelligence, not just holding steady in a crowded field of business priorities. Now in its fourth year, Deloitte’s survey of more than 2,100 executives across 27 countries paints a picture of organizations still pushing toward long-term sustainability goals even as the operating environment shifts under their feet.

EU Pushes SFDR Reform Forward Amid a Broader Push for Simplification

The European Commission is once again adjusting the shape of the EU’s sustainability rulebook, this time turning its attention to the Sustainable Finance Disclosure Regulation. Published on 20 November 2025, the proposal aims to make sustainability disclosures far simpler, far shorter, and far easier for investors to understand. It is the clearest sign yet that Brussels is reassessing the administrative load of its sustainability agenda and looking for ways to bring consistency across a landscape that has grown unwieldy.

Ninth Circuit Pauses Enforcement of California Climate Risk Disclosure Law

The Ninth Circuit Court of Appeals has put a temporary hold on California’s Climate-related Financial Risk Act, SB 261, granting an injunction that pauses enforcement while the law faces an ongoing legal challenge. The court’s brief, one-page order did not explain its reasoning, but it drew a clear line between the state’s two major climate disclosure laws. First, SB 261 is paused for now, and second, SB 253 will continue moving forward as planned.

Spain Issues Interim Guidance to Steer Sustainability Reporting Ahead of CSRD Transposition

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.

Coalition of Global Food & Commodity Companies Push EU to Keep EUDR on Schedule

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.

Business Coalition Seeks Supreme Court Pause on California’s Climate Transparency Push

California’s sweeping new climate-reporting requirements are headed to the U.S. Supreme Court, as some of the country’s most influential business groups push for an emergency halt before the rules take effect.