The European Commission plans to adopt a new directive requiring companies operating within the bloc to have their environmental claims verified independently, and clearly disclose their use of offsets to achieve emissions commitments.
This year's Global 100 rankings of the most sustainable corporations has revealed an ongoing correlation between environmental business and high returns, with Australian logistics operator, Brambles continuing its climb up the table despite increasing competition.
A UN taskforce has released a report aimed at reducing greenwashing and improving the reliability of corporate net-zero pledges and climate commitments.
The Council representing Australia's four top financial regulators has given "in-principle support" for the local adoption of global sustainability and climate disclosure reporting standards.