On 3 July 2026, the European Commission (“EC”) adopted revised European Sustainability Reporting Standards (“ESRS”) and, for smaller companies, a voluntary reporting standard.
The revised ESRS are intended to simplify sustainability reporting under the EU Corporate Sustainability Reporting Directive. The target of the EC is to reduce the administrative burden on EU businesses whilst maintaining
All across the world, climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating this past year from numerous governmental authorities and non-governmental organizations.
At Mayer Brown, I had the honor of leading a group of 21 partners from across 14 of the
The Securities and Exchange Commission (the “SEC”) has adopted new rules that require public companies to disclose substantial information about the material impacts of climate-related risks on their business, financial condition, and governance (the “Final Rules”). The SEC says that “climate-related risks, their impacts, and a public company’s response to those risks can significantly affect