The Taskforce for Nature-related Financial Disclosures (TNFD) has released its ultimate recommendations concerning nature-related risk management and disclosure. Its objective is to offer a structured approach for organizations to navigate environmental risks and opportunities, ultimately directing capital towards constructive initiatives

On August 17, 2023, the European Commission revealed its decision to implement reporting regulations targeting importers involved in the Carbon Border Adjustment Mechanism (CBAM) during a transitional phasing in of the new tariff.

On August 17, 2023, the European Commission revealed its decision to implement reporting regulations targeting importers involved in the Carbon Border Adjustment Mechanism (CBAM) during a transitional phasing in of the new tariff.

On July 5, 2023, a long-awaited proposition from the European Commission was revealed, outlining plans to establish a mandatory extended producer responsibility (EPR) system for textiles across all member states. The proposed EPR scheme would place the onus on producers to oversee the entire lifespan of textile products and facilitate the sustainable handling of textile waste throughout the European Union (EU), as outlined by the commission.

On July 25, The International Organization of Securities Commissions (IOSCO) announced its endorsement of the International Sustainability Standards Board’s (ISSB) Standards following its comprehensive review of the Standards.

On May 3, 2023, the Canadian Parliament made an announcement regarding the passage of Bill S-211, an Act to implement the “Fighting Against Forced Labour and Child Labour in Supply Chains Act”. If it receives royal assent in 2023, the Act will come into effect on January 1, 2024, which will require initial reports for the Act to be submitted no later than May 31, 2024.