Spain’s Real Decreto (Royal Decree) 214/2025 is set to start on June 12, 2025, strengthening climate regulations through emissions tracking, reporting, and transparency. Carbon footprints and emission reduction plans will now be mandatory for large companies and public entities.

The Partnership for Carbon Accounting Financials (PCAF) now includes over 600 financial institutions worldwide. The group continues to drive transparency and consistency in financed emissions reporting.

The European Commission has proposed a 90% cut in greenhouse gas emissions by 2040. The goal signals ambition, but EU countries remain split on how to make it happen.

The European Banking Authority (EBA) has proposed simplified ESG disclosure requirements for small and non-complex institutions (SNCI). The changes aim to reduce the compliance burden while maintaining data quality and transparency.

Singapore has released a new guidebook to improve the quality and consistency of sustainability reporting training. This move supports its broader goal to enhance ESG capabilities across industries.

The European Securities and Markets Authority (ESMA) has released draft technical standards to regulate ESG rating providers under a new EU regulation. These rules aim to bring greater consistency, transparency, and accountability to a rapidly growing industry that influences trillions in investment decisions.

The Science Based Targets initiative (SBTi) has released the consultation draft of its Net-Zero Standard V2, aimed at helping businesses set clear, science-backed targets to reach net-zero emissions. This draft outlines the necessary steps and criteria for companies to follow in reducing their carbon footprint and achieving net-zero by 2050.

The Science Based Targets initiative (SBTi) has reached a significant milestone with over 10,000 businesses committing to sustainability goals. This achievement highlights the growing recognition of the importance of climate action for long-term business success.

The European Union achieved an impressive 8% reduction in greenhouse gas emissions in 2023, marking the largest annual drop in decades, second only to the COVID-19 pandemic year of 2020.

California Governor Gavin Newsom has signed a landmark climate disclosure bill into law, requiring large companies to report their greenhouse gas emissions and climate-related financial risks starting in 2026. This legislation aims to enhance transparency and accountability in corporate environmental practices.

The IFRS Foundation and EFRAG have released guidance to simplify sustainability reporting alignment between ISSB and ESRS standards, easing the burden on EU companies. The document focuses on climate-related disclosures, providing practical support for applying ISSB's standards alongside ESRSs. Despite differing approaches, the guidance aims to ensure consistency in reporting requirements and reduce duplication in sustainability disclosures.

On October 7, 2023, California Governor Gavin Newsom made a significant move in the fight against climate change by signing into law two landmark bills - SB-253, the "Climate Corporate Data Accountability Act," and SB-261, "Greenhouse Gases: Climate-Related Financial Risk." These laws represent the first industry-agnostic climate regulations in the United States, and mandate the disclosure of greenhouse gas emissions and climate-related financial risks by large public and private companies operating in California.