On Oct. 7, 2023, California Governor Gavin Newsom signed into law Senate Bill (SB) 253 and SB 261, both of which dramatically expand corporate climate disclosures for both private and
Continue Reading California Enacts First-of-Their-Kind Laws Requiring Corporate Climate Disclosures
The European Parliament (Parliament) enacted significant change to the proposed European Union (EU) Regulation for a Carbon Border Adjustment Mechanism (CBAM) in June 2022, as reported in an earlier GT
Continue Reading CBAM on Track to Take Effect in October 2023
Kaitlyn R. Maxwell, a shareholder in Greenberg Traurig’s Philadelphia office, was recognized in the City & State Pennsylvania “2022 Impact 50” issue. The magazine touts Maxwell as
Continue Reading Kaitlyn R. Maxwell Recognized as a City & State PA ‘2022 Impact 50’
Some institutional investors, like pension funds, have insisted that their portfolio only include stock in corporations with high ESG ratings. That, of course, has led corporations to look for ways meet that investor demand.
Continue Reading Clients: How Risky Is a Shift in Your ESG Approach?
EU law requires certain large companies to disclose non-financial information on the way they operate and manage social and environmental challenges. The current disclosure regime was introduced in 2014 by
Continue Reading EU to Make Changes to Its Sustainability Reporting Rules and Impose New Obligations on Non-European Companies
After much anticipation, on March 24, 2022, the Securities and Exchange Commission (SEC) proposed a series of new and extensive disclosure rules that would require all registered companies, including foreign
Continue Reading SEC Proposes Comprehensive Package of Climate-Related Disclosure Rules
On the heels of Gov. Kathy Hochul’s State of the State address, in which she endorsed a suite of progressive environmental policies including product stewardship laws governing the paper and
Continue Reading Environmental Sustainability Is Fashionable, But New Bill Presents Hurdles to Industry
Never has there been such global consensus on the requirement to reduce greenhouse gas (GHG) emissions. There is rarely a single day without media reports of the current climate consequences
Continue Reading Batteries Not Included: Challenges and Opportunities for Electric Vehicles and Decarbonisation in the United Kingdom
On March 10, 2021, “Regulation (EU) 2019/2088 of the European Parliament and of the Council of November 27, 2019 on sustainability‐related disclosures in the financial services sector” (as amended
Continue Reading The EU Sustainable Finance Disclosure Regulation Enters into Force
Recent statements from domestic and international securities regulators suggest that development of consistent environmental disclosure standards may soon be forthcoming, with a nearer-term emphasis on sustainability goals and methodologies for
Continue Reading Domestic and International Securities Regulators Focus on Sustainability Standards