Sustainability and ESG News

Ava Nelson Ava Nelson

EFRAG Unveils Streamlined ESRS Drafts for Public Review

EFRAG (European Financial Reporting Advisory Group) has released revised Exposure Drafts of the European Sustainability Reporting Standards (ESRS), launching a 60-day public consultation. These standards aim to reduce complexity while maintaining alignment with the European Green Deal and the Corporate Sustainability Reporting Directive (CSRD).

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Ava Morisi Ava Morisi

EU Sets Ambitious 2030 Goals with New Circular Economy Act

The European Union is gearing up to double its circularity rate by 2030 through the newly proposed Circular Economy Act. With a strong focus on e-waste and secondary raw materials, the Act aims to reshape the EU’s industrial landscape into a more sustainable and resilient system.

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Ava Nelson Ava Nelson

EU Parliament Pushes Back on EUDR Deforestation Risk Ratings

The European Parliament rejected the Commission’s country-risk classification system under the EU Deforestation Regulation. Lawmakers say the current approach relies on outdated data, lacks transparency, and fails to reflect actual deforestation risks.


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Ava Morisi Ava Morisi

ESMA Launches First Climate Transition Plan

The European Securities and Markets Authority (ESMA) has unveiled its first Climate Transition Plan, setting ambitious emissions reduction targets for 2027 and 2030. This move signals a strong internal alignment with the EU’s climate goals and sets a precedent for regulatory bodies across Europe.

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Ava Morisi Ava Morisi

EU Charts a Bold Course to 2040 with New Climate Target

The European Commission has proposed a new climate target: a 90% reduction in net greenhouse gas emissions by 2040, compared to 1990 levels. This ambitious move aims to solidify Europe’s leadership in clean energy, boost industrial innovation, and ensure a fair, resilient transition to climate neutrality by 2050.

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Ava Morisi Ava Morisi

EFRAG Targets 50% Cut in Reporting Requirements

The European Financial Reporting Advisory Group (EFRAG) is taking bold steps to simplify sustainability reporting by aiming to cut required datapoints in the European Sustainability Reporting Standards (ESRS) by over 50%. This move is part of a broader EU initiative to ease compliance burdens while maintaining the integrity of corporate sustainability disclosures.

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Ava Morisi Ava Morisi

EU Eases CBAM Rules for SMEs Without Compromising Climate Goals

The European Union is simplifying its Carbon Border Adjustment Mechanism (CBAM) to ease the burden on small and medium-sized enterprises (SMEs), while still covering 99% of emissions from high-carbon imports. This move balances administrative relief with environmental integrity, signaling a pragmatic shift in EU climate policy.

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Haley Guerra Haley Guerra

EU's Tariff Retaliation and ESG Implications

The European Union's recent imposition of tariffs on U.S. goods marks a significant development in the ongoing trade tensions. This article delves into the specifics of the tariffs, their broader implications, and other key ESG updates.

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Haley Guerra Haley Guerra

Major ESG Developments in March 2025

The latest update from Wilson Sonsini's Sustainability and ESG Advisory Practice highlights significant regulatory and reporting developments in the ESG landscape. Key topics include the SEC's decision to end its defense of climate disclosure rules, the EPA's deregulatory actions, and updates to international ESG standards.

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Ava Nelson Ava Nelson

The Future of Europe’s Automotive Industry

The European automotive industry's path forward was a focal point of the Strategic Dialogue's second meeting on March 3rd, where innovation, clean mobility, and competitiveness took center stage. Key actions have been outlined to tackle pressing challenges and to ensure the industry stays ahead in the global arena.

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