Daily Digest for

CARB issued a draft checklist to implement SB 261 requiring U.S. companies doing business in California with annual revenues over $500 million to biennially disclose climate-related financial risks, with initial reports due January 1, 2026. CARB will open a public docket from December 1, 2025 to July 1, 2026 for reporting entities to post the public link to their initial report and allows use of TCFD, IFRS S2, or equivalent frameworks.

The European Investment Bank (EIB) lent €200 million to BNP Paribas Leasing Services to expand financing for Polish SMEs, Mid-Caps, housing associations and individuals, aiming to support over €500 million of new investments. At least 30% of the funding is reserved for climate change mitigation measures; this is the second €200 million EIB loan to the lender following a 2021 deal.

President Vladimir Putin addressed the SCO Heads of State Council Meeting in Tianjin on 1 September 2025, endorsing the Tianjin Declaration and adopting the SCO Development Strategy through 2035 while stating the energy cooperation strategy until 2030 is being implemented in full. He proposed joint bonds, a shared payment and settlement infrastructure, and a bank for joint investment projects, and supported establishing SCO centres in Tashkent and Dushanbe.

Minister Maninder Sidhu completed a 6-day visit to Brazil and Colombia to expand trade, advance Canada‑Mercosur FTA negotiations, and promote cooperation on critical minerals, clean energy and sustainable mining. The release cites 2024 bilateral merchandise trade between Canada and Brazil at CAD $12.7 billion (Canada’s exports CAD $2.5 billion; imports CAD $10.2 billion) and notes an 8-aircraft DHC-6 sale from De Havilland to SATENA under a 2024 purchase agreement.