As readers of this newsletter know only too well, working on sustainability means never having time to get bored. This is particularly true at this time when the EU's governing sustainability frameworks are being upended. ◾ EU Sustainability Frameworks Shifting: The EU Parliament voted on the "stop-the-clock" proposal delaying CSRD and CSDDD implementation, while EFRAG is being requested to provide technical advice on modifying the ESRS. ◾ US Senate Action on CSDDD: Senate Republicans have introduced the PROTECT USA Act to shield US companies from EU regulations. ◾ Japan's New Sustainability Disclosure Standards: Japan has issued its first-ever Sustainability Disclosure Standards, modeled on ISSB standards, with a phased approach to mandatory application. ◾ SBTi's Net-Zero Standard Version 2: SBTi has released a consultation draft of its updated Corporate Net-Zero Standard, aiming to accelerate decarbonization and address existing challenges. ◾ UK Modern Slavery Act at 10: Marking its 10th anniversary, the UK anti-modern slavery law sees a revised guidance from the UK Home Office. Want to dive deeper into these updates? Check out our next release of the regulatory round-up!
Revised guidelines to UK Modern Slavery Act are insightful.
A bold and pragmatic move from SBTi. By acknowledging the complexity of Scope 3 and introducing “non-emission” metrics, this update shows a clear understanding of the operational realities companies face — especially across value chains. Separating Scope 1 and 2 is more than technical fine-tuning: it's a step toward clarity and accountability. And offering flexibility based on geography and company size is crucial if we want global, inclusive progress on climate targets. This evolution could help more companies commit — and deliver — without diluting ambition. #NetZero #SBTi #Scope3 #Decarbonization #SustainabilityLeadership #ClimateAction #ESG
Technical Lead Specialist Environmental Services, Climate Diplomat and Advocacy
1wNot just upended, but well simplified to make entities start accounting before the regulation gets to work. So for all those banter of delays voices, the it is start now to avoid penalties and red tapes