The International Sustainability Standards Board (ISSB), operating under the International Financial Reporting Standards (IFRS), recently took a significant step in sustainability reporting by announcing the IFRS Sustainability Disclosure Taxonomy (“ISSB Taxonomy”). This digital tool is poised to fundamentally change how
On April 25, 2024, the UK government announced that it had approved a target mandating at least 10% sustainable aviation fuel (SAF) in jet fuel blends by 2030. Sustainable aviation fuel, typically produced from renewable sources like waste oils and
On April 9, 2024, the Science Based Targets initiative (SBTi), a significant organization focused on aligning corporate environmental sustainability actions with global targets to limit climate change, announced plans to expand the use of environmental attribute certificates, such as emissions
On April 12, 2024, the European Council approved the revision of the Industrial Emissions Directive (“IED”) and the regulation for the establishment of the Industrial Emissions Portal (“IEP”), two complementary legal frameworks aimed at regulating and monitoring the environmental impact
The UK government has announced that the UK Carbon Border Adjustment Mechanism (“UK CBAM”) will be implemented by 2027, one year after the European Union Carbon Border Adjustment Mechanism (EU CBAM) becomes fully operational in 2026. The UK CBAM implementation
The European Parliament approved the adoption of a new European Green Bond (EuGB) label on October 5, 2023, aimed at combating greenwashing and providing confidence to investors that their investments are directed towards financing sustainable business activities and technologies.
On February