Regulations Listing: Sustainability Reporting

REGULATORY RADAR - At the end of July 2022, Riley Moore, the treasurer of West Virginia, formally barred the state from doing business with five major financial institutions that have “published written environmental or social policies categorically limiting commercial relations with energy companies engaged in certain coal mining, extraction, or utilization activities.”

This month the Biden Administration proposed that all federal contractors (except those receiving less than $7.5 million annually in contracts) be required to disclose their GHG emissions; disclose climate-related financial risks; and set science-based emissions reduction targets.

On October 18, 2022, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) issued a proposed data collection rule to assess climate-related financial risk across the United States.

On October 17, 2022, the City Council of Atlanta, Georgia passed an ordinance that amends its existing anti-discrimination law to include protections on the basis of criminal history status and gender expression.

Japan will soon be the first country to issue guidelines for ESG data and ratings providers, as global regulators step up scrutiny of firms that measure companies on their ESG practices.

Under a new set of G20-backed global rules written by the International Sustainability Standards Board (ISSB), companies will face more pressure to disclose how climate change is affecting their business

The Financial Conduct Authority (FCA) has published its final rules on the UK’s Sustainability Disclosure Requirements (SDR) regime.

The Financial Conduct Authority (FCA), Britain’s financial regulator, is setting forth a rule to fight greenwashing among investment firms.

The European Council has formally adopted the Corporate Sustainability Due Diligence Directive (CSDDD).