Sustainability and ESG News

How European Businesses will be Affected by ESG Regulations in 2025

In 2025, European ESG regulations are undergoing a major transformation aimed at simplifying compliance while preserving sustainability goals. The new Omnibus Simplification Package brings relief to SMEs and shifts focus toward impactful environmental and social initiatives.

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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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EU Pauses Sustainability Reporting: What the Two-Year Delay Means for Businesses

The European Union has officially delayed the implementation of enhanced sustainability reporting rules for large companies by two years. This move gives businesses more time to prepare for the Corporate Sustainability Reporting Directive (CSRD), but it also raises questions about the EU’s climate and transparency ambitions.

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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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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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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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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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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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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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