UK Publishes Draft IFRS -Aligned Sustainability Reporting Standards

The UK Sustainability Disclosure TAC presented its technical recommendations and final report 20 to the Secretary of State on 18 December 2024. The TAC recommended 4 amendments. The UK government accepts all 4 amendments, subject to consultation, and we have incorporated them into the exposure drafts of UK SRS S1 and UK SRS S2.

GRI Launches New Climate and Energy Reporting Standards

GRI launches Climate Change and Energy Standards to drive corporate accountability and deliver accessible, decision-useful disclosure

Recognizing that an escalating climate crisis calls for integrated and global solutions, GRI has launched new Climate Change and Energy Standards to empower organizations to take accountability for their impacts and accelerate climate action. The new standards align with the Paris Agreement and ISSB requirements, mandating disclosures on 1.5°C-aligned transition plans, annual progress updates, and scope 1, 2, and 3 emissions data.

• GRI 102: Climate Changeemphasizes that achieving substantial reductions in greenhouse gas (GHG) emissions is the primary mitigation step organizations can take. It sets reporting expectations based on science-based targets and global climate goals – while incorporating ‘just transition’ metrics covering impacts on workers, local communities and Indigenous Peoples.
• GRI 103: Energycomprehensively addresses an organization’s energy-related impacts and activities. With disclosures on decarbonization efforts, renewable and non-renewable energy use, as well as where and how energy reductions occur, it positions responsible energy use as a central component of a company’s approach to climate change mitigation.

CBAM Simplified: What You Need to Know Now

On June 18, the EU reached a political deal to simplify the Carbon Border Adjustment Mechanism (CBAM), reducing compliance burdens while maintaining climate integrity. The agreement includes a 50-tonne/year exemption for low-volume importers and postponed certificate purchases to 2027. Final adoption is expected in September.

The proposal seeks to provide simplification and cost-efficient compliance improvements to the CBAM regulation, without compromising its climate goals, as about 99% of embedded emissions in the imported CBAM goods would remain covered. The overall aim is to reduce the regulatory and administrative burden, as well as compliance costs for EU companies, especially SMEs.

Singapore Requests Delay in Mandatory Climate Reporting for Smaller Businesses

The Singapore Business Federation (SBF)is calling for a 12- to 24-month extension of mandatory climate-related disclosures under the ISSB framework for smaller firms listed on the Singapore Exchange (SGX) from FY2027 to FY2030.

The current rule requires all listed companies to begin reporting in line with ISSB standards for financial years starting on or after January 1, 2025.

EIB Invests in Egypt’s Green Transition

Egypt signed on Sunday, June 15, 2025, an agreement to allocate a €21 million EU-funded grant aimed at supporting the country’s green transition with the European Investment Bank’s development arm, EIB Global. The grant will accelerate decarburization efforts in both the public and private sectors.

Around €20 million will be used to co-finance projects that cut carbon emissions, enhance recycling, and reduce industrial pollution, while €1 million will support the digitalization of the Egyptian Environmental Affairs Agency to boost monitoring and transparency.

New Solar Manufacturing Hub in Ain Sokhna

Egypt has launched a $200 million, 200,000 m² integrated solar manufacturing complex in Ain Sokhna. The project, expected to begin production in H1 2026, includes silicon wafer and solar module production and will generate over 1,800 green jobs.

The Financed Emissions Revolution

Financial institutions today face a critical choice, following industry standard practices that rely on broad estimates and generic averages, or pioneer precision intelligence that transform climate risk into competitive advantage.

Climate Edge platform helps the EMEA region and emerging-market banks ditch one-size-fits-all accounting. Instead of chasing minimum PCAF compliance, we build the backbone of future-focused decision-making and set the industry standard.

Poland Is Selling Green Bonds for First Time in Six Years

Poland has updated its green bond framework, the finance ministry said late on Wednesday, as one of the European Union’s most coal-reliant economies gear up for its possible first green bond issuance in six years. In January, finance ministry debt chief Karol Czarnecki said that “it’s a high probability” Poland would issue green bonds this year, without giving further specifics on the timing or the size of the issuance. It last sold them in March 2019.

The revised framework aligns with the EU Taxonomy and expands eligible categories to include renewable energy, clean transport, and sustainable water management. Proceeds will fund projects supporting Poland’s energy transition and climate goals.

Introducing the ESG Tracker Platform:

The 𝗗𝗖𝗮𝗿𝗯𝗼𝗻 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 platfrorm is a next-generation ESG data management platform designed to simplify compliance and accelerate progress. We didn’t build it to tick boxes; we built it to make ESG make sense.

Our ESG data management platform turns sustainability reporting from a regulatory obligation into a powerful enabler of progress and leadership. It offers a secure, centralized system for data collection, minimizing errors and discrepancies, while allowing organizations to review historical ESG data, verify information, and accelerate the entire ESG reporting workflow.

Today, the DCarbon Tracker is supporting ESG teams across 12+ sectors in the GCC to lead with clarity, efficiency, and confidence.

Want to see how it works?Request a demo today

Thank you for taking the time to read this edition of our newsletter. We value your engagement and look forward to your thoughts and insights. If you found this content helpful, please consider sharing it with your network.

If you have any feedback or you see an opportunity for a collaboration, please feel free to reach out to us via mail [email protected] at any time.

Stay informed, stay connected, and stay ahead with the latest trends and insights of ESG world.

Your DCarbon Beats Team