In Brief: EU discusses economic governance reforms; Australia proposes mandatory climate disclosure legislation

The latest ESG policy and regulatory news

Members of the European parliament have given their final approval to a new law that will ban climate neutrality claims that are not properly substantiated or are based on carbon offsets. Moreover, the law also regulates the use of sustainability labels, which will need to be based on official certification schemes. For a full overview of what the new law entails, see our previous reporting.