Daily Digest for

The Conference Board provides a comprehensive analysis of evolving ESG regulations impacting U.S. companies and international firms.

• The U.S. Securities and Exchange Commission (SEC) has indefinitely stayed its proposed federal climate disclosure rule amid legal challenges, signaling a shift away from federal ESG mandates under new leadership.
• California’s climate disclosure laws SB 253 and SB 261, effective from 2023 with ongoing litigation, are poised to become de facto U.S. climate disclosure standards affecting about 10,000 companies including 75% of Fortune 1000 firms.
• EU regulations such as the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) mandate broad ESG disclosure and due diligence, with recent proposals potentially simplifying compliance scope and timelines.
• Companies are advised to strengthen governance frameworks, streamline ESG data collection, and maintain compliance readiness amid shifting regulatory landscapes in both the U.S. and Europe.

These regulatory shifts underscore increased complexity and compliance demands for corporate ESG strategies moving forward.