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Global Regulatory Watch February 2023

New Guidelines for Greenhouse Gas Emission Reports of Enterprises in the Power Generation Industry in China from 2023 to 2025 released...

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APAC

  • China: Guidelines for Greenhouse Gas Emission Reports of Enterprises in the Power Generation Industry from 2023 to 2025. // Pilot Work for The Full Electrification of Vehicles in The Public Domain. // Shenzhen Stock Exchange Revises Industry Information Disclosure Guidelines, calling for better ESG disclosure with industry characteristics. // Supreme Court issues Opinions on Promoting Chinese climate targets…


  • Singapore: Singapore released the final consultation paper on Green Taxonomy from February 15, 2023, ~ March 15, 2023, which seeks views on the detailed thresholds and criteria for the classification of green and transition activities. The consultation also seeks views on the “Do No Significant Harm (DNSH)” criteria (as referred from EU Taxonomy)…


  • India: Securities and Exchange Board of India (SEBI) issues a consultation paper on the regulatory framework of ESG Disclosures by listed entities, ESG Ratings in the securities market, and ESG Investing by Mutual Funds…


EMEA

  • EU: Legislators strike deal on a new standard to fight greenwashing in the bond markets. // The Green Deal Industrial Plan to put Europe's net-zero industry in the lead. // The European Investment Bank commits record financing in support of EU energy security and green economy. // European Central Bank Governing Council decided on stronger tilting of corporate bond purchases during partial reinvestment, including in primary market, towards issuers with better climate performance. // The Industry, Research and Energy Committee adopted its position on the proposed revision of the Energy Performance of Buildings Directive (EPBD)…


  • France: The Sustainable Finance Disclosure Regulation: the Autorité des marchés financiers (AMF) proposes a targeted review to include minimum environmental criteria in European law that must be met by financial products in order to be classified as Article 8 or Article 9 under the Sustainable Finance Disclosure Regulation (SFDR)…


AMER

  • US: The North Carolina Deep Decarbonisation Pathways Analysis was released by Gov. Roy Cooper, which sets out three methods by which emissions can be reduced 50% from 2005 levels by 2030 and reach net-zero levels by 2050 // California bills - Senate Bill 253 (the Corporate Climate Data Accountability Act) and Senate Bill 261 (the Climate-Related Risk Disclosure Act) to require large companies to report emissions from across their supply chains and creating more stringent reporting of climate-related impacts…


  • Canada: The Government of Canada is committed to advancing the 2030 Agenda for Sustainable Development, a 15-year action plan adopted by all United Nations member countries. // The Government of Canada is unveiling the proposed path to 25 per cent ocean protection by 2025 released…




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