In the wee hours of this morning in Europe, the Legal Affairs Committee Members of the European Parliament and the European Council reached a provisional political agreement on the Omnibus I package amending the EU’s...more
12/9/2025
/ Corporate Social Responsibility ,
Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
European Commission ,
European Council ,
European Parliament ,
New Legislation ,
Omnibus Guidance ,
Regulatory Requirements ,
Reporting Requirements ,
Supply Chain ,
Sustainability
US public companies are gearing up for the 2026 proxy season. In this post, we take a look at some of the legal and other developments that will influence environmental and social proposals and company responses....more
12/5/2025
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Diversity and Inclusion Standards (D&I) ,
Environmental Social & Governance (ESG) ,
Institutional Investors ,
New Guidance ,
Proxy Advisors ,
Proxy Season ,
Proxy Voting Guidelines ,
Rule 14a-8 ,
Schedule 13G ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Shareholder Meetings ,
Shareholder Proposals
As many were settling back into work after the Thanksgiving holiday, the California Air Resources Board (CARB) published an Enforcement Advisory and opened up its public docket for voluntary submissions of SB 261 climate risk...more
12/2/2025
/ California ,
CARB ,
Climate Change ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Filing Deadlines ,
Non-Enforcement ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
State and Local Government ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
Voluntary Disclosure
The California Air Resources Board held its third workshop last week on California’s pending corporate climate disclosure mandates. Health & Safety Code 38532 (SB 253) requires greenhouse gas emissions disclosures, while...more
11/24/2025
/ California ,
CARB ,
Climate Change ,
Compliance ,
Disclosure Requirements ,
Greenhouse Gas Emissions ,
New Legislation ,
New Regulations ,
Preliminary Injunctions ,
Public Workshops ,
Regulatory Requirements ,
Reporting Requirements ,
Rulemaking Process ,
Task Force on Climate-related Financial Disclosures (TCFD)
Ropes & Gray – in conjunction with leading law firms across Europe – has published a new update of its monthly CSRD Transposition Tracker....more
11/24/2025
/ Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
European Commission ,
European Parliament ,
New Legislation ,
New Regulations ,
Omnibus Guidance ,
Proposed Legislation ,
Reporting Requirements ,
Sustainability
Today’s post took an unexpected turn. We were planning to write about yesterday’s California Air Resources Board (CARB) public workshop on SB 253 and SB 261, which require subject companies to report on greenhouse gas...more
11/19/2025
/ Appeals ,
California ,
California Air Resources Board ,
CARB ,
Climate Change ,
Constitutional Challenges ,
Corporate Counsel ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
New Legislation ,
Preliminary Injunctions ,
Reporting Requirements ,
Rulemaking Process ,
Sustainability
Yesterday afternoon, the California Air Resources Board announced that it will be holding another virtual public workshop on its greenhouse gas emissions (SB 253) and climate risk reporting (SB 261) mandates. This will be the...more
11/7/2025
/ California ,
California Air Resources Board ,
Climate Change ,
Compliance ,
Disclosure Requirements ,
Greenhouse Gas Emissions ,
Proposed Rules ,
Public Workshops ,
Regulatory Requirements ,
Reporting Requirements ,
Rulemaking Process ,
State and Local Government
Ropes & Gray – in conjunction with leading law firms across Europe – has released a new update of its monthly CSRD Transposition Tracker. The Tracker describes Corporate Sustainability Reporting Directive transposition and...more
In this episode of Ropes & Gray’s Fully Invested podcast series, asset management partner Jessica Marlin and capital markets counsel Marc Rotter discuss the rise of ‘34 Act funds and what sets them apart in today’s investment...more
On Friday, the California Air Resources Board published its proposed template for reporting on Scope 1 and 2 greenhouse gas emissions under California Health and Safety Code Section 38532, which is more commonly referred to...more
10/13/2025
/ California ,
California Air Resources Board ,
Climate Change ,
Comment Period ,
Corporate Counsel ,
Disclosure Requirements ,
Environmental Policies ,
Greenhouse Gas Emissions ,
New Guidance ,
Proposed Rules ,
Regulatory Requirements ,
Reporting Requirements ,
State and Local Government
On October 8, the European Parliament reached political agreement on its negotiating position concerning the Omnibus simplification of the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due...more
10/10/2025
/ Corporate Social Responsibility ,
Corporate Sustainability Reporting Directive (CSRD) ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Parliament ,
New Legislation ,
Paris Agreement ,
Reporting Requirements ,
Risk Management ,
Supply Chain ,
Sustainability
On September 23, the California Air Resources Board (CARB) published its preliminary list of entities that may be subject to SB 253 (greenhouse gas emissions) and SB 261 (climate risk) reporting. We discuss the list – and...more
Reporting obligations under the European Union’s Corporate Sustainability Reporting Directive are created under EU member state national legislation adopted pursuant to the CSRD. This updated tracker reflects the...more
9/23/2025
/ Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
Member State ,
New Legislation ,
Omnibus Guidance ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Sustainability
Hearings, rulings and speeches, oh my (to paraphrase and with apologies to The Wizard of Oz). During the back half of last week, there were “anti-ESG” hearings in the House of Representatives on shareholder proposals and...more
Last night, the California Air Resources Board (CARB) released draft guidance on the Climate‐Related Financial Risk Act (Health & Safety Code Section 38533/Senate Bill 261). This disclosure mandate will require subject...more
Over the last few years, we have kept our US multinational company readers current on the progress and timing of Singapore corporate climate reporting. Singapore’s climate reporting requirements capture many larger US-based...more
On August 21, the US and EU announced that they have agreed on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade. The Framework Agreement expands upon earlier official statements on the US-EU trade deal and...more
8/26/2025
/ Carbon Emissions ,
Corporate Counsel ,
Corporate Social Responsibility ,
Customs and Border Protection ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Forced Labor ,
International Labor Laws ,
International Trade ,
Popular ,
Regulatory Requirements ,
Reporting Requirements ,
Supply Chain ,
Trade Agreements ,
US Trade Policies
Yesterday, the California Air Resources Board held its second marathon virtual public workshop on California’s pending corporate climate disclosure laws. These laws will require subject companies to publicly report on...more
8/22/2025
/ California ,
California Air Resources Board ,
CARB ,
Climate Change ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Filing Deadlines ,
Greenhouse Gas Emissions ,
New Guidance ,
New Regulations ,
Regulatory Requirements ,
Reporting Requirements ,
Rulemaking Process ,
State and Local Government
Reporting obligations under the European Union’s Corporate Sustainability Reporting Directive are created under EU member state national legislation adopted pursuant to the CSRD. We have again updated our tracker to reflect...more
8/20/2025
/ Corporate Social Responsibility ,
Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Member State ,
New Legislation ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Sustainability
ISS has announced that it will be updating its Environmental & Social Disclosure QualityScore (ESQS) scoring methodology. ESQS covers approximately 8,000 issuers across 25 industry groups in the Americas, Europe and...more
8/15/2025
/ Corporate Social Responsibility ,
Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
Greenhouse Gas Emissions ,
Institutional Investors ,
Investors ,
Reporting Requirements ,
Risk Management ,
Sustainability ,
Sustainable Business Practices ,
Sustainable Finance
As many of our readers will remember, during summer 2023, we published a 10+-part series that examined the requirements of ESRS 1, which is the cross-cutting standard that contains the general requirements for reporting under...more
8/14/2025
/ Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Popular ,
Public Consultations ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Sustainability ,
Sustainable Finance
Late yesterday, the California Air Resources Board scheduled a new virtual public workshop. The workshop will be held on Thursday, August 21 at 9:30 a.m. Pacific Time. More information on what will be covered at the workshop...more
Reporting obligations under the European Union’s Corporate Sustainability Reporting Directive are created under EU member state national legislation adopted pursuant to the CSRD. We have again updated our tracker to reflect...more
7/24/2025
/ Corporate Governance ,
Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
EFTA ,
EU ,
European Commission ,
European Economic Area (EEA) ,
Member State ,
New Legislation ,
Omnibus Guidance ,
Regulatory Requirements ,
Reporting Requirements ,
Sustainability ,
Taxonomy
Many US-based multinationals are required to comply with current UK climate disclosure requirements. Last month during London Climate Action Week, the UK launched three consultations on sustainability reporting, which are...more
7/15/2025
/ Carbon Emissions ,
Climate Change ,
Consultation ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
International Sustainability Standards Board (ISSB) ,
Multinationals ,
Regulatory Requirements ,
Reporting Requirements ,
Sustainability ,
UK
The California Air Resources Board (CARB) has published seven pages of FAQs on California’s corporate greenhouse gas reporting and climate-related financial risk disclosure programs. These disclosure requirements are...more
7/14/2025
/ California ,
CARB ,
Climate Change ,
Compliance ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management