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Sustainability agenda: Key regulations and what lies ahead

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THE Philippines' sustainability landscape is fast evolving. As 2024 comes to an end, here's a rundown of sustainability regulations issued this year and the expected regulatory changes that businesses should look out for in 2025 and beyond.
The article from MSN discusses the evolving landscape of sustainability regulations and what businesses can expect in the future. It highlights the increasing importance of Environmental, Social, and Governance (ESG) criteria in corporate governance, driven by both regulatory bodies and investor demands for transparency and accountability in sustainability practices. Key regulations mentioned include the EU's Sustainable Finance Disclosure Regulation (SFDR), which requires financial market participants to disclose how they consider sustainability risks in their investment decisions. Additionally, the article touches on the Corporate Sustainability Reporting Directive (CSRD), expanding the scope of companies required to report on sustainability matters. Looking ahead, the piece suggests that there will be a rise in mandatory climate-related financial disclosures, stricter emissions targets, and potential carbon pricing mechanisms. It also notes the trend towards integrating sustainability into core business strategies, not just as compliance but as a competitive advantage, with an emphasis on circular economy principles, renewable energy adoption, and sustainable supply chain management.

Read the Full MSN Article at:
[ https://www.msn.com/en-ph/money/general/sustainability-agenda-key-regulations-and-what-lies-ahead/ar-AA1wEZug ]