Key Impact Points: Transparency Challenges in Article 6.2 Despite efforts to strengthen oversight, the agreement on Article 6.2 at COP29 offers only marginal improvements. Countries are now required to publish some information on Internationally Traded Mitigation Outcomes (ITMOs), but the timing remains problematic. The lack of a robust review process
Key Impact Points The Growing Challenge of Greenwashing KPMG Law’s latest report, The Challenge of Greenwashing: An International Regulatory Overview, examines how evolving greenwashing regulations are impacting multinational companies. Covering 25 jurisdictions, including the U.S. and EU, the study offers key insights into compliance challenges and legal risks tied to
By Nikos Avlonas, President of the Center for Sustainability and Excellence (CSE) The prospect of Donald Trump’s return to the U.S. presidency in 2025 has sparked discussions about how his policies might impact sustainable development and climate action in the US and globally. During his previous term, Trump pulled the
Key Impact Points: Progress on Net Zero Policies The Taskforce on Net Zero Policy, an initiative rooted in the UN Secretary General’s High-Level Expert Group (HLEG) on Net Zero Emissions Commitments of Non-State Entities, has released its first report: Net Zero Policy Matters: Assessing Progress and Taking Stock of Corporate
Key Impact Points: Powering Change Through Business Advocacy “Governments are competing for business investment and intention,” says Thomas Lingard, Unilever’s Global Head of Sustainability, Environment. At COP28, over 100 countries committed to tripling renewable capacity by 2030. Lingard emphasizes that business action can set the pace for policy, encouraging national
Key Impact Points: Navigating EU Taxonomy Standards KPMG’s latest report, Navigating EU Taxonomy: Progress and Pathways to Compliance, provides a detailed analysis of EU Taxonomy disclosures from 291 European entities, offering critical insights for U.S. companies preparing to comply with evolving global sustainability standards. The EU Taxonomy mandates companies to
3 Key Impact Points: The European Securities and Markets Authority (ESMA) is considering revising its forthcoming rules on the naming of sustainable investment funds following concerns from industry players. Set to take effect on November 21, the new regulations aim to clamp down on greenwashing by banning funds with names
Key Impact Points: In 2024, the sustainability profession has reached a pivotal point, driven by the rapid increase in regulatory requirements. The eighth biennial State of the Sustainability Profession report, published by Trellis, highlights how the role of sustainability leaders is evolving to meet these new challenges. What began as
Key Impact Points: Canada’s Commitment to Net-Zero The Canadian federal government is advancing a bold climate strategy to achieve net-zero emissions by 2050, requiring annual investments of $125 billion to $140 billion. A key component of this plan is a $93 billion suite of economic tax credits designed to attract
EU Delays Deforestation Law Amid Global Pressure and Internal Challenges The European Union has postponed the enforcement of its ambitious deforestation law until the end of 2025, succumbing to extensive global and internal pressures. Originally set to enforce stringent measures to curb global deforestation effectively by the end of the
