California’s climate disclosure rules withstand legal challenge
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Republicans urge regulators to ban ESG and DEI considerations
February 6, 2025
Republican finance officials from 18 states have urged leaders of the Securities and Exchange Commission (SEC) and Department of Labor (DOL) to prohibit asset and retirement plan managers …
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FRC finds inconsistent quality in climate-related disclosures
January 22nd, 2025
The Financial Reporting Council (FRC) has found that while companies have made efforts to comply with climate-related financial disclosures requirements, the quality of these disclosures varies significantly.
In a review …
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Judge rules American Airlines unlawfully considered ESG factors in 401(k) plan
January 15th, 2025
A Texas federal judge has ruled that American Airlines violated federal law by allowing ESG factors to influence its employee retirement plan, Reuters reports.
Judge …
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US regulators have made significant progress on climate-related risks, scorecard finds
December 18th, 2024
Ceres’ latest scorecard revealed that while the 10 US financial regulators have taken hundreds of actions over the last 18 months to address the systematic financial …
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California lawmakers threaten regulator
December 18th, 2024
California lawmakers have threatened the California Air Resources Board (CARB) in a letter concerning legislative oversight hearings.
California State Senators Scott Wiener and Henry Stern have warned the regulator with legislative oversight hearings …
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Hong Kong releases climate reporting standards
December 17th, 2024
Hong Kong’s Institute of Certified Public Accountants (HKICPA) has published new climate reporting standards.
Both new standards, HKFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and HKFRS S2 …
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Switzerland proposes expanding scope of mandatory climate reporting
December 13, 2024
Switzerland has proposed broadening the scope of companies subject to mandatory climate reporting.
The Swiss Federal Council has launched a consultation on proposed updates to its sustainability-related disclosure rules, …
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