EU Microplastics Regulation
On September 25, 2023, the European Commission announced a series of measures to combat microplastic pollution, including the ban on the sale of a wide range of products containing microplastics, such as cosmetics, detergents, and toys. Microplastics are added to many products as texturing agents in various industries. However, these substances end up in marine, freshwater,
EU – Green Claims
On September 19, 2023, the legislative bodies of the European Union (EU) Parliament and the EU Council announced a provisional agreement on new rules aimed at protecting consumers from misleading sustainability claims and greenwashing practices. This proposal intends to amend the Unfair Commercial Practices Directive (UCPD) and the Consumer Rights Directive (CRD), aligning them with the
EFRAG – ESRS DRAFT GUIDE
The European Financial Reporting Advisory Group (EFRAG) released the final version of the European Sustainability Reporting Standards (ESRS) on November 15, 2022, which sets out the rules and requirements for reporting on sustainability impacts, opportunities, and risks under the Corporate Sustainability Reporting Directive (CSRD). Recently, EFRAG also published a draft guide containing 1178 data entry points
California Climate Disclosure Bills
On October 7, 2023, California Governor Gavin Newsom signed two new climate disclosure bills that require large companies to disclose their value chain emissions and report climate-related financial risks. The accepted laws will mandate large companies to disclose their value chain emissions and report climate-related financial risks. However, it has been noted that the timelines for
BRAZIL MANDATORY SUSTAINABILITY REPORTING
According to a recent announcement from the Brazilian Securities and Exchange Commission (CVM) and the Ministry of Finance, publicly traded companies in Brazil will be required to make annual sustainability and climate-related disclosures starting from 2026. According to CVM, the new reporting requirements will be based on the sustainability and climate disclosure standards recently released by
Newsletter concerning the European Union Supply Chain Compliance Directive
Subject : Newsletter on the European Union Directive on Mandatory Human Rights, Environmental and Good Governance Due Diligence Date : 10.03.2022 What is the European Union Supply Chain Directive? The European Union Supply Chain Directive(EU Directive on Mandatory Human Rights, Environmental and Good Governance Due Diligence) (the Directive") has been on the agenda of the European Union
Newsletter on the Draft Guideline on Green Debt Instruments and Green Lease Certificates Published by the Capital Market Board
Subject: Newsletter on the Draft Guideline on Green Debt Instruments and Green Lease Certificates Published by the Capital Market Board Date: 16.11.2021 Draft Guideline on Green Debt Instruments and Green Lease Certificates The Draft Guideline on Green Debt Instruments and Green Lease Certificates (the "Guideline"), published by the Capital Market Board on its website on 03.11.2021
EU Corporate Sustainability Due Diligence and Proposed Directive regarding the Amendment to the Directive Numbered 2019/1937 (the “Proposal”)
EU Corporate Sustainability Due Diligence and Proposed Directive regarding the Amendment to the Directive Numbered 2019/1937 (the "Proposal") has been published on 23.02.2022 Within the scope of the long-awaited Proposal, companies shall pay required attention to the identification, prevention, mitigation, and remediation of external damages resulting from adverse human rights and environmental impacts in their operations.
Internal Carbon Pricing
II. What is Internal Carbon Pricing? For What Purpose is Internal Carbon Pricing Used? In today's economic order, companies are subject to certain financial obligations through carbon pricing mechanisms based on the carbon dioxide emissions they cause. As this situation led companies to reduce their carbon emissions, conducting an examination of the economic profit-loss balance of
Regulation Amending the Environmental Permit and License Regulation
Introduction A set of amendments have been made to the Environmental Permit and License Regulation by the Regulation Amending the Environmental Permit and License Regulation (the "Regulation"), which has been published in the Official Gazette dated 16.10.2021 and numbered 31630. Within the scope of this newsletter of ours, the amendments made to the mentioned Regulation shall