Insights

The United States Securities and Exchange Commission (SEC) released its long-anticipated proposal for climate-related financial disclosure in March 2022. The proposal is historic as it marks the first effort by any US financial regulator to standardize climate-related disclosure. Back in June 2021, the finance ministers and...

US energy companies Chevron [CVX:US] and ExxonMobil [XOM:US] have separately inked agreements with Indonesia’s state-owned refiner PT Pertamina to explore business opportunities in Indonesia’s low-carbon technology development, as reported by Reuters on May 13. Chevron seeks potential business in new geothermal technology, carbon offsets through...

On April 21, 2021, the European Commission adopted the Corporate Sustainability Reporting Directive (CSRD) proposal, which would amend the existing requirements of the Non-Financial Reporting Directive (NFRD). The CSRD envisages the adoption of the European Sustainability Reporting Standards (ESRS). It identifies the European Financial Reporting...

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