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Harmony Analytics

Adapting to the Expanding Landscape of Environmental and Social Regulations

The landscape of environmental and social governance is rapidly evolving, with significant regulatory developments across the globe. Here’s a concise overview of the key changes and the numerical targets driving this transformation:

China’s Regulatory Tightening

China aims to include approximately 70% of its national emissions in the carbon market by 2030. This initiative is part of China’s broader strategy to achieve net zero emissions by 2060, introducing stricter penalties for non-compliance and false data reporting.

Mexico’s Sustainable Framework

Mexico’s Sustainable Taxonomy, mirroring the EU’s approach, incorporates additional social objectives. This taxonomy is a comprehensive framework aiming to address critical environmental and social issues, including gender equality and financial inclusion.

Brazil Leads with ISSB Standards

Brazil has emerged as the first country to formally integrate the International Sustainability Standards Board (ISSB) standards, signaling a significant shift towards standardized global reporting.

South Africa’s Green Finance Taxonomy

Following the launch of its Green Finance Taxonomy in 2022, South Africa is moving towards mandating sustainability requirements consistent with the ISSB standards, urging companies to integrate sustainability into their operations.

South Korea’s ESG Guidelines

With new guidelines to enhance ESG transparency, South Korea’s Financial Supervisory Service is setting a precedent for reliability in ESG bond certifications and rating methodologies.

India’s ESG Investment Fund Rules

India mandates that ESG funds invest at least 80% of their assets in securities aligned with specified ESG strategies. Asset managers must also provide monthly ESG scores, enhancing investment transparency.

Australia’s Sustainability Standards Consultation

Australia is consulting on national sustainability standards, heavily leveraging ISSB standards, to foster sustainable practices across industries.

These developments highlight a global shift towards more stringent environmental and social governance, with countries setting ambitious targets for emissions control, sustainable finance, and corporate accountability.

Navigating with Harmony Analytics

As regulations become more complex and widespread, Harmony Analytics offers the tools and insights needed for businesses to remain compliant and strategically aligned with these global shifts. Our platform enables precise analysis and benchmarking against over 11,000 companies, assisting in meeting regulatory requirements and embracing sustainable practices.

For detailed support in navigating these changes and leveraging our analytics capabilities, visit our page: Harmony Analytics.

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