Italy ESG GEMS - November 2023

In this edition we discuss the latest developments in European sustainability and environmental policies, such as disclosure and reporting requirements, climate change initiatives, environmental crime legislation, and critical raw materials. We also focus on expected trends in construction & infrastructure disputes in connection with developments in the ESG space.

Disclosure & Reporting

• EU Taxonomy: Delegated Acts with TSC for remaining four environmental objectives and amending climate TSC published in Official Journal
• CSRD: European Sustainability Reporting Standards faced a number of challenges but survived the scrutiny period

Climate Change and Environment

• Proposal for EU certification framework for carbon removals can now proceed to trilogues
• Environmental Crime Directive: European Parliament and Council agree to introduce an “offence comparable to ecocide”
• European Parliament and Council reach deal to cut methane emissions in energy sector
• EU: Parliament and Council agree on Critical Raw Materials Act
• EU: political agreement reached on Nature Restoration Law

In case you missed it

• Webinar recording | Human rights litigation - emerging trends and mitigation strategies in key jurisdictions