Three-quarters of firms globally are not ready for new ESG rules, KPMG finds

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Three-quarters of firms globally are not ready for new ESG rules, KPMG finds
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Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) data audited externally months before new regulations kick in, according to a new report from KPMG published on Tuesday. Stricter European Union, U.S. and global rules are being introduced, mostly in time for the 2024 reporting season, to replace a patchwork of voluntary private sector practices for listed companies to make climate-related disclosures. Regulators say external auditing of sustainability-related data - while not as extensive as financial auditing - is crucial for giving investors information free of misleading environmental claims, known as greenwashing.

TORONTO — Ontario's legislature resumed sitting Monday after a summer recess, with a controversy about Greenbelt land removals looming large, despite Premier Doug Ford saying last week that he is reversing the decision. Ford said in question period that he admitted he made a mistake with the move to open up the protected area for development, and he is moving forward. "My message on Thursday to the people of Ontario, that's what you call it leadership," he said.

Biden told a meeting on Historically Black Colleges and Universities that failure by Congress to fund the federal government would have dire consequences for the Black community, including by reducing nutritional benefits, inspections of hazardous waste sites and enforcement of fair housing laws. He said he and House Speaker Kevin McCarthy had agreed a few months ago on spending levels for the government.

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