Key Impact Points: UN Launches Regional Hub to Drive Private-Sector Sustainability The UN Global Compact has officially launched its Country Network for Central Asia, a new regional hub based in Kazakhstan that will serve five countries — Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, and Turkmenistan. This milestone aims to integrate over 140
Key Impact Points: Commission Pulls Plug on Greenwashing Proposal The European Commission has announced it plans to withdraw its proposed Green Claims Directive, a central piece of its Green Deal strategy designed to curb greenwashing in corporate marketing. The legislation aimed to ensure companies’ environmental claims were “accurate, substantiated and
Key Impact Points: Government Moves to Curb Destructive Fishing Practices The UK government has proposed new measures to ban bottom trawling—a fishing method that drags heavy nets along the seabed—in 41 Marine Protected Areas (MPAs), covering approximately 30,000 square kilometers of English waters. The initiative is designed to protect fragile
Key Impact Points: California Sticks to 2026 Climate Disclosure Timeline California’s sweeping climate laws will go into effect as planned in 2026, with no delays to reporting requirements despite the California Air Resources Board (CARB) falling behind on regulatory development. KPMG’s June 2025 update confirms that reporting under SB-253 (GHG
Key Impact Points: Basel Committee Publishes Voluntary Climate Disclosure Framework The Basel Committee on Banking Supervision has released a voluntary framework for disclosing climate-related financial risks, allowing individual jurisdictions to decide whether and how to implement it domestically. Built-in Flexibility for Evolving Data Recognizing the rapid evolution of climate-related data,
Key Impact Points: A New Resource for CSOs The Weinreb Group has launched the CSO Hub, a new centralized platform for Chief Sustainability Officers, curating cutting-edge insights, research, and strategic guidance tailored to current and aspiring sustainability leaders. “The CSO Hub is your one-stop shop for expert advice and the
Key Impact Points: Brazil’s Landmark Carbon Credit Deal Faces Legal Challenge Federal prosecutors in Brazil have filed a lawsuit seeking to annul a $180 million carbon offset deal signed in 2023 by the state of Para. The agreement, part of the LEAF Coalition initiative, was designed to conserve the Amazon
Key Impact Points: EU Moves to Safeguard Shared Fish Stocks The Council of the EU and European Parliament have struck a provisional deal to revise Regulation (EU) 1026/2012, strengthening the bloc’s ability to tackle non-sustainable fishing practices by third countries. The new rules aim to secure long-term sustainability of fish
Key Impact Points: DOE Terminates $3.7 Billion in Climate Awards The U.S. Department of Energy has rescinded $3.7 billion in previously announced awards for carbon capture and decarbonization projects. Among those affected are Calpine Texas CCUS Holdings, LLC, ExxonMobil, Ørsted Star P2X LLC, and PPL Corporation, according to a project
Key Impact Points What’s under scrutiny The EU Ombudswoman Teresa Anjinho opened an inquiry on 21 May 2025 into how the European Commission drafted its Omnibus I simplification package. That package proposes to limit the Corporate Sustainability Reporting Directive to companies with over 1,000 employees and €50 million turnover and
