On 1 February, India’s Finance minister Nirmala Sitharaman unveiled the government’s budget for 2026, which included a new US$2.2 billion funding push for carbon capture technologies.
Palm oil players welcomed the new standard, which also covers traceability requirements for Scope 3 emissions. However, it does not cover the measurement of forest carbon yet, which the standard setter said it needs more time to develop.
But the majority SGX-listed firms polled have begun adopting the ISSB standards already, which they say can attract investors and improve corporate reputation, an industry study finds.
The latest framework, which is aligned with international sustainability reporting standards, is currently in effect on a voluntary basis as Chinese regulators determine its application scope and timeline.