California Targets New and Expanded Logistics Facilities

Posted on October 17, 2024

Posted in Air Quality and Climate Change, California, CEQA

Assembly Bill 98 imposes stringent design requirements applicable to new and expanded warehouse development as soon as January 1, 2026.

By Marc Campopiano, Joshua Bledsoe, Brian McCall, and John Detrich

On September 29, 2024, Governor Gavin Newsom signed Assembly Bill 98 (AB 98) into law, marking a significant shift in the regulatory landscape for the logistics industry in California. AB 98 continues the trend of shifting regulation of logistics uses away from local jurisdictions to more regional…

SGX RegCo to Incorporate IFRS Standards Into Mandatory Climate Reporting Rules

Posted on October 7, 2024

Posted in Air Quality and Climate Change, Environmental, Social, and Governance

Top view of the Singapore landmark financial business district with skyscraper. Fountain of Wealth at Suntec city in Singapore

Listed issuers will be subject to additional emissions disclosure requirements as the Singapore Exchange Regulation announces enhancements to its sustainability reporting regime.

By Paul A. Davies, Farhana Sharmeen, Michael D. Green, James Bee, and Kevin Mak

On 23 September 2024, the Singapore Exchange Regulation (SGX RegCo) announced that it will begin incorporating the IFRS Sustainability Disclosure Standards (IFRS Standards) issued by the International Sustainability Standards Board (ISSB) into its sustainability reporting regime.

The announcement comes after…

European Commission Proposes One-Year Delay to European Deforestation Regulation

Posted on October 3, 2024

Posted in Air Quality and Climate Change, Environmental Regulation, Environmental, Social, and Governance, European Environmental and Public Law

The Commission published guidance documents to the regulation and proposed to postpone its entry into application to 30 December 2025.

By Paul A. Davies, Michael D. Green, and James Bee

On 2 October 2024, the European Commission (Commission) adopted a proposal for a one-year delay to the implementation of the European Deforestation Regulation (EUDR), which was set to take effect from December 30, 2024. The Commission noted the proposal is a response to feedback from global partners and…

Ruling Requires South Korean Government to Review Climate Targets

Posted on September 24, 2024

Posted in Air Quality and Climate Change

South Korea’s Constitutional Court has issued a “first of its kind” decision in Asia, requiring South Korea to update its greenhouse gas reduction targets.

By Paul A. Davies, Wonsuk (Steve) Kang, Michael D. Green, James Bee, Stephanie Forrest, and Jiou (Alex) Park

On 29 August 2024, South Korea’s Constitutional Court (the Court) ruled unanimously that a provision of the 2021 Framework Act on Carbon Neutrality and Green Growth for Coping with Climate Crisis (the Framework)…

Understanding the New Ecodesign for Sustainable Products Regulation

Posted on August 5, 2024

Posted in Environmental, Social, and Governance, European Environmental and Public Law

Environment Concept - Crystal Earth On moss In Forest With Ferns And Sunlight - Environment, save clean planet, ecology concept. Earth Day banner with copy space.

The ESPR aims to make sustainable products the norm in the EU, replacing the current Ecodesign Directive and introducing broader measures for sustainability.

By Paul A. Davies, Cesare Milani, José María Alonso, Michael D. Green, James Bee, and Telmo Iriondo

On 18 July 2024, the Ecodesign for Sustainable Products Regulation (ESPR) entered into force. The ESPR forms part of a package of measures central to achieving the objectives of the European Commission’s 2020 Circular Economy…

German Federal Government Adopts Draft CSRD Implementation Act

Posted on July 30, 2024

Posted in Air Quality and Climate Change, Environmental, Social, and Governance, European Environmental and Public Law

Modern green building with innovative high rise vertical garden

The draft represents the next step in transposing the CSRD into national law.

By Axel Schiemann and Dominik Schöneberger

On 24 July 2024, the German Federal Government adopted the governmental draft of the Act implementing the EU Directive on Sustainability Reporting (Directive (EU) 2022/2464 – CSRD) into German law (the Government Draft). The adoption of the Government Draft constitutes the next significant step in the legislative process after the German Ministry of Finance published the first draft implementing law on…

EU Adopts Corporate Sustainability Due Diligence Directive

Posted on July 8, 2024

Posted in Environmental Regulation, Environmental, Social, and Governance, European Environmental and Public Law

The CSDDD is set to impose mandatory human rights and environmental due diligence obligations for in-scope companies.

By Paul A. Davies, Michael D. Green, and James Bee

On 5 July 2024, the Corporate Sustainability Due Diligence Directive (CSDDD) was published in the Official Journal of the EU, marking a significant milestone in the growing regulatory environment in relation to companies being required to embed responsible business conduct into due diligence processes and policies.

Initially proposed in February 2022…

China’s Ministry of Finance Publishes Corporate Sustainability Disclosure Standards

Posted on July 5, 2024

Posted in China, Environmental, Social, and Governance

The Standards provide a framework for all Chinese companies’ sustainability disclosures and the applicability extends beyond listed companies.

By Paul A. Davies, Farhana Sharmeen, Michael D. Green, James Bee, and Qingyi Pan

On May 27, 2024, China’s Ministry of Finance published the new Corporate Sustainability Disclosure Standards (Draft for Comment) (the Standards). The Standards set out the general provisions, disclosure objectives, and information quality requirements, which aim to lay the ground for China’s unified national sustainability disclosure standard system, expected to launch by 2030. The goal of the Standards is to promote transparent disclosure throughout the value chain and to enhance the competitiveness of Chinese companies globally.

UK Supreme Court Requires EIAs to Consider Likely Direct and Indirect Environmental Effects on Climate if Readily Quantifiable

Posted on July 2, 2024

Posted in Air Quality and Climate Change, Environmental Litigation, Power, Oil, Gas, and Minerals

portion of trees against office buildings

Finch v. Surrey calls for assessment of all likely direct and indirect environmental effects in EIAs, including certain Scope 3 emissions if a reasonable estimate is feasible.

By Paul A. Davies, Michael D. Green, Stephanie Forrest, and James Bee

On 20 June 2024, the UK Supreme Court (the Court) in Finch v. Surrey CC [2024] UKSC 20 considered whether certain downstream emissions fell within the scope of direct or indirect environmental effects for the purposes of an…

ESG — US State-Level Developments for Private Capital and Financial Institutions

Posted on June 21, 2024

Posted in Environmental, Social, and Governance

Private capital providers, investors, asset managers, and financial institutions will likely continue to face a fragmented regulatory landscape on ESG matters.

By Betty M. Huber, Matthew Green, Henry Miller, Austin J. Pierce, Catherine G. Willis, and Sam Wong

Various US states have taken and continue to take action on ESG investing and other matters, with new variants emerging regularly. Some of the state bills, laws, and actions overlap thematically, and indeed some are based on…

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California Targets New and Expanded Logistics Facilities

Ruling Requires South Korean Government to Review Climate Targets

UK Supreme Court Requires EIAs to Consider Likely Direct and Indirect Environmental Effects on Climate if Readily Quantifiable

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