The 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change (UNFCCC), held in Belém, Brazil, represented a highly symbolic and politically significant moment in global climate governance. For the first time, a COP was hosted on the edge of the Amazon rainforest, placing one of the world’s most critical ecosystems at the centre of international climate negotiations.
ESMA has released the 2025 European Common Enforcement Priorities (ECEP), outlining the main focus areas for national enforcers and listed companies during the upcoming reporting season. The three central priorities are IFRS financial statements, sustainability reporting under the CSRD/ESRS, and ESEF digital reporting.
The first half of 2025 has proven to be among the costliest ever in terms of economic losses caused by extreme events. According to the latest report published by Swiss Re Institute, total losses reached 143 billion US dollars, of which 135 billion were the result of natural catastrophes and 8 billion from man-made events.
