California's state Senate has approved a landmark bill that would require large companies to disclose their carbon footprints. The legislation is now awaiting Governor Gavin Newsom's decision, with a deadline of October 14th for him to sign it into law. This move aims to position California ahead of the federal government in establishing corporate climate regulations.
The European Securities and Markets Authority (ESMA) has recently issued a stark warning against corporate greenwashing in the wake of increased investments in biodiversity funds. ESMA, the European Union's securities regulator, has detected a notable rise in investments into biodiversity funds, which it highlights in its recent market report. In response, it calls for greater industry oversight to prevent potential greenwashing.
Puma, the sportswear brand, has voiced its concerns faced in meeting the new European Union (EU) sustainability reporting requirements. The company's head of sustainability, Stefan Seidel, discussed these challenges at the Reuters IMPACT conference in London, highlighting the growing regulatory landscape in the EU.
A coalition of investors wielding a combined asset value exceeding $1 trillion has made a resounding call to the International Sustainability Standards Board (ISSB), urging it to forge global reporting standards for companies to disclose information related to human capital and human rights. The collective appeal comes at a pivotal juncture as the world grapples with defining the parameters of responsible business practices amid evolving global challenges.
As Two Chevron LNG plants plan to go on strike at the beginning of next month, gas prices in Europe spike which may be foretelling of rising global LNG prices.
The European Securities and Markets Authority (ESMA) has unveiled an insightful report that sheds light on the growing issue of "greenwashing" within the financial sector. This initiative aims to address the rising concerns related to misleading sustainability claims, particularly as the demand for environmental, social, and governance (ESG) products continues to surge across the European Union's financial markets.
A coalition of environmental advocacy groups is exerting pressure on U.S. securities regulators to block the New York share listing of JBS SA, the world's largest meatpacker, over concerns related to deforestation, climate change, and other environmental issues. The Brazilian company aims to leverage a U.S. listing to attract a wider investor base, thereby gaining access to more cost-effective capital.