Poland’s consumer protection authority has launched proceedings against Bolt, Tchibo, and Zara, alleging that each company may have misled consumers through environmental claims that were vague, incomplete, or presented without sufficient context.
The European Central Bank (ECB) says climate change and environmental degradation are no longer side considerations in its work, but factors that now sit firmly inside the institution’s day-to-day decision-making.
The European Securities and Markets Authority published a second thematic note on sustainability-related claims, this time homing in on how firms describe ESG strategies in their communications. The focus is squarely on two of the most frequently used, and most inconsistently explained, terms in the market of ESG integration and ESG exclusions.
After months of pressure from companies grappling with the first wave of Corporate Sustainability Reporting Directive disclosures, the European Financial Reporting Advisory Group (EFRAG) has delivered a sweeping proposal to simplify the European Sustainability Reporting Standards, cutting back disclosure requirements while keeping the EU’s broader climate and sustainability ambitions intact.
Europe’s financial supervisors are taking another step toward embedding environmental, social, and governance risks into mainstream oversight, with the publication of new Joint Guidelines on ESG stress testing by the European Supervisory Authorities.
The Philippines' Securities and Exchange Commission recently issued Memorandum Circular No. 16, Series of 2025, adopting the Philippine Financial Reporting Standards on Sustainability Disclosures and setting out new reporting rules for publicly listed companies and large non-listed entities. The circular marks a decisive shift away from the country’s earlier, more limited sustainability reporting framework and brings its sustainability reporting regime into line with global practices.
China has taken another step toward formalizing how companies report on climate risk and impact, unveiling a new national standard designed to bring greater structure and consistency to corporate sustainability disclosures.