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The Policy & Disclosure Desk 11 stories this week · 77 total

GRI plans food and beverage reporting standard as first test of faster process

It would cover food processing, beverage manufacturing and tobacco products, and extend into agricultural value chains.
September 29

ISO's draft net zero standard fails member vote required to advance

The 12-week consultation drew nearly 5,000 comments, and the draft cannot move to final publication in its current form.
September 29

ESMA will begin supervising ESG rating providers in 2027

The EU markets regulator will also process rating applications and broaden oversight of green bond reviewers, tape providers and benchmark administrators.
September 28

Ottawa develops Article 6 framework to widen Canadian access to carbon credit markets

Environment Minister Julie Dabrusin announced Canada is developing an ITMO framework that Ottawa says could draw investment into carbon removal and nature-based projects; no buyers are named.
September 28

ISO and UNDP release 53001, a management standard for corporate SDG commitments

Released Sept. 28 during ISO's annual meeting, the framework covers choosing goals, setting indicators and governing progress, and builds on 2024 guidelines.
September 28

EU's Empowering Consumers directive takes effect, banning unverified green claims

The rules bar generic environmental assertions and offset-based carbon-neutral claims, and require independent verification of advertised future climate targets.
September 28

EU anti-greenwashing directive takes effect with 4 percent revenue fines

The Empowering Consumers for the Green Transition Directive covers banking and energy marketing, and Belgium and Germany also apply it to business-to-business communications.
September 28

Carbon market's bottleneck has moved to the verification layer

SCS's Christie Pollet-Young wants verifiers at the table where carbon rules are written, as assurance becomes the market's real chokepoint.
September 24

Germany dates its fossil exit and leaves the pricing to Brussels

Coal's 2038 exit and the 80% renewables target are what capital can underwrite; the 2045 headline is a ceiling the plan does not price.
September 24

Germany's 2045 fossil-fuel exit leaves gas seven years of room

Europe's largest economy now has an end date on paper, but the financing of grids, backup power and heat rests on interim targets with no cost estimate.
September 24

Europe's green-claim ban is the cheap half of EmpCo

EmpCo lands on 27 September with a 4% turnover penalty and an audit mandate, and the compliance bill tracks claims made rather than revenue earned.
September 24

Europe's green-claim ban is cheap; the supply-chain data mandate is not

Enforcement starts 27 September 2026. The brands that keep making green claims will already be measuring their suppliers.
September 23

The G7 wants more blended finance; the cheap disclosure fix is aimed at the wrong buyer

ImpactAlpha's case for disclosure reform is a claim about price, and the buyers forming in African private markets may not be the ones the reform is priced for.
September 23

ISO’s net-zero draft stalls, and the delay is the point

A near-miss ballot sends ISO’s corporate net-zero standard back to committee, postponing the assurance layer that greenwashing claims will eventually be argued against.
September 23

45Z pays for documented output, not for new construction

With a final rule targeted for November 2026 and a credit that sunsets for fuel produced after 2029, 45Z leaves a short underwriting window that rewards producers already in production.
September 23

Brussels finalizes the ESRS and moves supply-chain data out of statute

Companies still inside the CSRD file a shorter statement from 2027; the 90% the Omnibus cut loose answer a capped voluntary standard instead.
September 22

Macron's methane delay would stack two EU disclosure deadlines into 2028

Slipping the import verification date a year buys importers political cover and costs them a year of ramp toward a 2030 intensity standard that has not moved.
September 22

Australia's climate regime cleared the compliance bar, not the analytical one

ASIC's review of the first 40 statutory sustainability reports finds governance progress and thin assumptions in the sections investors actually read, just as Treasury begins work on making the disclosures cheaper to produce.
September 22

Europe will label efficiency and still not measure what data centres consume

The Commission's 500 kW labelling proposal hands investors a comparable dataset for Europe's AI build-out and leaves the resource question for someone else to answer.
September 21

Narrower CSRD scope strips double materiality of its mandate

Without a filing deadline to force it, the companies that keep the assessment will be the ones whose findings already reach a risk register.
September 21

Brussels adds 121 million free permits for heavy industry

Member states have bought covered industry five more years of softer carbon costs, and the bill lands in the same carbon-market plumbing the 2027 reform is meant to tighten.
September 17

SEC proposes rescinding Rule 14a-8, sending proxy fights to the states

The 1942 mechanism that puts climate and pay resolutions on US ballots would go, and with it the only federal requirement that a company explain why a proposal never reached a vote.
September 17

SEC moves shareholder resolution fights to the states

A second proposal three weeks after the first deletes a federal filing rather than relocating a decision, and no state has yet written the rules that would take its place.
September 17

Repealing power-plant rules moves carbon costs to the states

The $310 billion in avoided compliance costs is an estimate the EPA controls; what a kilowatt-hour costs is decided by other people.
September 16

Parliament widens CBAM and strips the credit offset

The 464-50 mandate takes the border levy into finished goods and makes verifiable emissions data the thing importers actually have to buy.
September 16

Parliament widens carbon border tax to solar panels and heat pumps

Both co-legislators enter trilogue from a broader list than the Commission proposed, making a 450-product CBAM the starting point rather than the outer limit.
September 15

Voluntary UK sustainability standards are already biting in procurement

The FCA's autumn Policy Statement will settle the rules, but the demand for traceable sustainability numbers is already moving through supply chains.
September 15

Truckmakers ask Brussels to make the carbon price build the chargers

A 43% cut by 2030 now depends on charger buildout and grid queues the manufacturers don't control — and the industry wants ETS revenue to pay for them.
September 14

The EPA repeal has two halves, and the quiet one lasts longer

Killing the power-plant standards is a rulemaking another administration can redo; killing the finding beneath them changes what a future administration must first prove.
September 14

France trims renovation aid before naming its replacement volume

The 2026 finance bill pulls about $580 million from ANAH, leaving MaPrimeRénov' to lean on energy-supplier certificates whose 2026 volume the state has not set.
September 14

Brussels puts a quality floor under $2.9 trillion of public buying

A minimum quality weighting of 30% turns climate plans, labour practices and supply-chain data into bid documents, with national authorities holding the discretion that decides how hard it bites.
September 14

Brussels writes a quality floor into €2.5 trillion of buying

A 30% minimum quality weighting puts public demand behind the EU's climate goals and hands every contracting authority the discretion to decide what quality means.
September 14

Europe trades a slower carbon cap for a bigger industrial rebate

The Parliament's lead ETS negotiator wants three-quarters of auction revenue returned to covered industry, and the cap profile he pairs with it will decide a decade of European industrial capex.
September 11

EU lawmakers hard-wire a capital test into the transition label

The ECON committee wants companies in SFDR's new Transition category to spend more on sustainable activities than on new fossil fuel projects, setting up a fight with member states over who qualifies.
September 10

Net-zero standard's fate hinges on transition-plan clause

ISO's net-zero standard has cleared its first comment window; its transition-plan clause now faces a ratification path expected to run into 2027.
September 9

Hong Kong taxonomy draft moves beyond green-only sectors

The draft adds transition pathways for air transport and iron and steel, growing the framework from 25 to 39 activities.
September 8
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