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political agreement

Political agreement reached to delay adoption deadlines for sector-specific ESRS and ESRS for certain non-EU companies

The Council and the European Parliament have reached an interim decision on the European Union (EU) Commission’s proposal to delay the publication of sector-specific European Sustainability Reporting Standards (ESRS) and…

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China sustaibility reporting

Focus: sustainability reporting in China, Taiwan and Hong Kong

In February 2023, China’s three major stock markets, the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Beijing Stock Exchange (BSE), announced the publication of new sustainability reporting guidelines…

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Climate

Securities and Exchange Commission Adopted Climate-related Risk Disclosure Rules

On March 6, 2024 the Securities and Exchange Commission (SEC) adopted rules that recognize climate risk as financial risk. The final rule requires more consistent and comparable disclosure about the…

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Workplace violence plan

California Senate Passes Bill on Workplace Violence Prevention Plans

On October 2, 2023, on the California Legislative website, the California Senate passed a bill relating to occupational safety. The bill amends Section 6401.7 of and adds Section 6401.9 to…

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EU market

Prohibition for products made with forced labour on the EU market proposed

On 26 January 2024, the Council adopted its position on the proposed Regulation on prohibiting products made with forced labour on the European Union (EU) market and has a mandate…

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GHG emission

Additional GRI Standards and Mapping Resource for GHG Emissions Reporting

As of January 2024, companies can consult the revised GRI 101 Biodiversity Standard and the new GRI 14: Mining Sector 2024. Furthermore, companies can access the new mapping resource for…

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ESRS efrag

EFRAG prepares Q&A Explanations and upcoming workshops for draft sector classification for ESRS

On 5 February 2024, the European Financial Reporting Advisory Group (EFRAG) published the first set of 12 Explanations to questions submitted via the EFRAG ESRS Q&A Platform. Furthermore, EFRAG announced…

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two hand helping planting young tree for save world

Public Consultation on Sustainability Reporting Standards for Small and Medium-Sized Enterprises

On 22 January 2024, the European Financial Reporting Advisory Group (EFRAG) published 2 exposure drafts on European Sustainability Reporting Standards (ESRS) for SMEs. The consultation period is open until 21…

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European work council

Commission opens feedback period to review the European Works Councils (EWCs) Directive towards strengthening their role.

From 26 January to March 2024, a feedback period is open on the site of the European Commission on a potential future revision of the European Works Council (EWCs) Directive,…

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Industry safety

Michigan Department of Labor and Economic Opportunity Proposes Amendments to General Industry Safety and Health Standards

On December 15, in the Michigan Register, the Michigan Department of Labor and Economic Opportunity (MIOSHA) Proposed amendments to General Industry Safety and Health Standards. The proposal, if enacted, would…

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