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.

The CSRD is set to revolutionize ESG reporting. What exactly is it, who will be impacted, what will be required and when does it take effect? Here’s everything you need to know.