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TPT publish sector-specific guidance | European
Parliament adopts directive on delaying European sustainability
reporting standards | UK competition regulator issues fresh
guidance on green collaborations for sustainability
TPT publish sector-specific guidance
The Transition Pathway Taskforce (TPT) has published its final set of sector-specific guidance to assist
companies in preparing climate transition plans.
There is specific guidance for asset owners, asset managers,
banks, electric utilities and power generators, food and beverage,
metals and mining, and oil and gas.
The TPT has also published a sector summary which gives practical guidance
for thirty financial and real economy sectors. This new guidance
will assist companies in preparing their climate transition
plans.
European Parliament adopts directive on delaying European
sustainability reporting standards
Following the provisional agreement
reached between the European Parliament and Council on
postponing sector-specific European Sustainability Reporting Standards
(ESRS), the European Parliament has, on 10 April, formally
adopted a directive implementing the delay.
Under the directive, the ESRS will be delayed from 30 June 2024
to 30 June 2026 in a bid to ease the regulatory burden on
companies.
The council is expected to formally adopt the directive at one
of its next meetings, after which it will be published in the
Official Journal of the European Union and enter into force.
UK competition regulator issues fresh guidance on green
collaborations for sustainability
As businesses strive to develop more sustainable practices, the
Competition and Markets Authority has published its second informal
guidance under its “open door” policy in relation to
green agreements. Its willingness to provide such guidance provides
businesses with an opportunity to obtain clarity and assurance for
their own agreements with competitors on sustainability collaborations.
EU Environmental Crime Directive receives formal approval
Please see Environment.
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