|
California climate bills become law
On Oct. 7, Gov. Gavin Newsom of California signed into law two landmark climate bills – the Climate Corporate Data Accountability Act (SB 253) and the Greenhouse Gases: Climate-Related Financial Risk Act (SB 261) – known collectively as the Climate Accountability Package (CAP). The CAP will require new corporate emissions and climate risk reporting.
Read more about the CAP
SEC is reviewing climate rule, adopts names rule
The Securities and Exchange Commission (SEC) chair confirmed the agency is still reviewing comments about the proposed climate-related disclosure rule and would consider amendments. The SEC also finalized amendments to the Investment Company Act of 1940 names rule that includes specific provisions for ESG-related funds to combat false sustainability claims.
Read more of the SEC chair’s testimony
Read the final names rule
EPA finalizes PFAS reporting rule, updates chemical ingredients list
The rule requires manufacturers of perfluoroalkyl and polyfluoroalkyl substances (PFAS) and PFAS-containing articles to report chemical identity, uses, volumes made and processed, byproducts, worker exposure, disposal, and health and environmental risks to the Environmental Protection Agency (EPA). The EPA also added 10 chemicals to its Safer Chemical Ingredients List (SCIL).
Read the final PFAS rule
Get more information about the SCIL
Treasury publishes net-zero financing guidance
The U.S. Department of the Treasury published the “Principles for Net-Zero Financing and Investment” guide, which promotes best practices for financial services organizations that make net-zero commitments.
Read the 9 principles
Federal departments issue statements on UFLPA
The U.S. Department of State (DOS) and other federal departments issued an addendum to the 2021 updated Xinjiang Supply Chain Business Advisory that provides information on supply chain risks associated with state-sponsored forced labor in Xinjiang. Additionally, the U.S. Department of Homeland Security (DHS) added three entities to the Uyghur Forced Labor Prevention Act (UFPLA) Entity List, which now includes 27 companies. Finally, the chairs of the Congressional-Executive Commission on China (CECC) urged the DHS and the DOS for further implementation and enforcement of the forced labor import prohibition.
Read the DOS addendum
Read the DHS press release
Read the CECC press release
Center for Climate and Energy Solutions reports on climate policies
Twenty-four states and the District of Columbia adopted specific greenhouse gas reduction targets to address climate change. As states fit policies to their unique circumstances, they help innovate and test climate policy design.
Find out more about the policies in each state
European Commission reviews PFAS restriction proposal, adopts microplastics ban
The comment period for the European Union’s (EU) proposed PFAS restriction closed on Sept. 25, and a final rule is anticipated in 2025. Additionally, the European Commission adopted a microplastics ban that restricts microplastics intentionally added to products on the EU market.
Read the PFAS restriction proposal
Read more about the rolling implementation
Reporting rules for EU’s new carbon tax are now in effect
October is the first month EU importers must start collecting data on the embedded emissions of imported products as part of the Carbon Border Adjustment Mechanism.
Learn how the rules might affect your company
Countries issue guidance on countering Russian sanctions evasion
The joint guidance focuses on four tiers of high-priority items critical to restricting Russian procurement of foreign weapons in the war with Ukraine.
Find out more about the 4 priority tiers
|