March 4, 2024

US regulator drops some emissions disclosure requirements from draft climate rules

Commvault, pe-newsfeed, potentia / By

The U.S. Securities and Exchange Commission (SEC) has scaled back some of its ambitious greenhouse gas emissions disclosure requirements in its draft climate rules, notably dropping the requirement for U.S.-listed companies to disclose Scope 3 emissions. This adjustment marks a significant departure from earlier proposals aimed at enhancing transparency around the environmental impact of corporations. The move is seen as a concession to corporate lobbyists and a deviation from stricter European Union standards, potentially complicating global compliance efforts.

CSDDD back to square one as council blocks legislation

Commvault, pe-newsfeed, potentia / By

The European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) has encountered a significant obstacle as the European Council did not provide the necessary endorsement, effectively halting its progress. This development casts uncertainty on the directive’s future, especially with the approaching European elections. Despite efforts to modify the directive for broader acceptance, opposition from key member states like Germany and Italy was a major hurdle. The directive’s aim to enforce stringent human rights and environmental standards for companies now faces a delay and potential reevaluation after the elections. For more detailed insights, you can read the full article https://www.commercialriskonline.com/csddd-back-to-square-one-as-council-blocks-legislation/

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