James W. Bee

1 month ago | jdsupra.com | José María Alonso |James W. Bee |Paul Davies

The Commission’s proposal seeks to reshape EU Sustainability requirements by amending CSRD, CSDDD, EU Taxonomy, and CBAM. On 26 February 2025, the European Commission (Commission) published its much-anticipated first Omnibus Package. This first Omnibus package regarding sustainability contains a set of legislative proposals designed to reduce administrative burdens by amending a range of existing EU sustainability frameworks (the Omnibus).

Dec 2, 2024 | jdsupra.com | James W. Bee |Paul Davies |Michael Green

On 12 November 2024, the IFRS Foundation released a progress report on corporate climate-related disclosures (2024 Report). The 2024 Report analyses the progress made since the sixth and final status report that was published by the Task Force on Climate-related Financial Disclosures (TCFD) in October 2023.

Dec 2, 2024 | jdsupra.com | James W. Bee |Paul Davies |Michael Green

On 19 November 2024, the EU Council (Council) adopted a regulation prohibiting products made with forced labour on the Union market, the Forced Labour Regulation (Regulation). The Regulation marks the final step in the EU’s decision-making process to specifically address the issue of forced labour within global supply chains.

Nov 19, 2024 | jdsupra.com | James W. Bee |Paul Davies |Michael Green

The vote follows the European Commission’s proposal to delay application of the regulation by one year. On 14 November 2024, the European Parliament (Parliament) voted in favour of the European Commission’s (Commission)  to postpone the implementation of the European Deforestation Regulation (EUDR) by one year, allowing companies additional time to comply with the law. The Parliament also proposed additional amendments to the EUDR.

Nov 15, 2024 | jdsupra.com | James W. Bee |Paul Davies |Michael Green

The Prime Minister announced the new UK target of an 81% reduction in greenhouse gas emissions at COP29 in Baku, Azerbaijan. On 12 November 2024, the UK government announced a new climate target to reduce the UK’s greenhouse gas emissions by 81% by 2035, compared to 1990 levels. The target forms part of the UK’s Nationally Determined Contribution (NDC), which outlines commitments to reduce greenhouse gas emissions to mitigate climate change.