Australia’s ambitious goal of achieving net-zero emissions by 2050 is mapped out in a comprehensive new report. This detailed analysis outlines the necessary steps and technologies to transition to a low-emissions economy.

Climate Week NYC 2024 is set to be the largest annual climate event, bringing together leaders from various sectors to drive meaningful climate action. With over 600 events planned, this week-long event aims to inspire and mobilize individuals and organizations worldwide.

California’s latest proposed amendments to its climate laws aim to enhance transparency and accountability in greenhouse gas (GHG) emissions and climate risk reporting. These changes reflect the state’s commitment to leading climate action despite ongoing budget negotiations and deployment challenges.

Sustaira partner Capgemini’s latest report highlights the pivotal role of AI and data mastery in driving sustainability efforts, despite significant deployment challenges. The report underscores the importance of integrating sustainable practices into AI strategies to mitigate environmental impacts.

Australia has taken a significant step towards climate accountability with the Senate passing a new mandatory climate disclosure law. This legislation aims to enhance transparency and drive corporate responsibility in addressing climate change.

A recent McKinsey and Company report highlights how electric vehicles (EVs) are gaining traction in Europe, with 16% of new-car sales being EVs. Despite challenges like high costs and charging infrastructure, consumer interest continues to grow.

Cushman and Wakefield’s recent Sustainability Megatrends Report reveals that 60% of global investors believe ESG investing leads to higher performance yields. This finding underscores the growing financial benefits of sustainability and the increasing demand for ESG-focused investment products.

The Biden-Harris Administration has announced a $50 million investment to support America’s auto communities and bolster domestic electric vehicle (EV) manufacturing. This initiative aims to help small- and medium-sized suppliers adapt to the evolving EV supply chain, ensuring the retention of good-paying, union jobs.

A Missouri Court has issued a permanent injunction against the state’s anti-ESG rules, marking a significant victory for proponents of ESG investing. The ruling highlights the ongoing legal battles surrounding ESG regulations and the implications for the financial industry.

The International Capital Market Association (ICMA) is set to release new guidance on sustainable commercial paper (CP) by the end of 2024. This move aims to address the growing interest in sustainable finance instruments and provide a framework for users.

The European Commission (EC) has released a set of frequently asked questions (FAQs) to aid in the implementation of the Corporate Sustainability Reporting Directive (CSRD). These FAQs aim to clarify various aspects of the CSRD and the first set of the European Sustainability Reporting Standards (ESRSs), ensuring stakeholders can comply with regulatory requirements effectively.

In a recent survey by PwC, 4,700 CEOs shared their insights on how climate action can drive business value. Despite the challenges, many CEOs are finding that addressing climate-related opportunities and risks can lead to better financial performance.

The International Accounting Standards Board (IASB) has recently published a consultation document aimed at helping companies improve their reporting on climate-related risks and other uncertainties. This initiative responds to growing investor demand for clearer and more consistent climate-related information in financial statements.

As part of their “Jet Zero” strategy to achieve net-zero emissions in aviation by 2050, the UK government has mandated that 2% of jet fuel must come from sustainable aviation fuel by 2025. With the new mandate, the government hopes to significantly reduce greenhouse gas emissions and support economic growth.

Earlier this year SBTi caused controversy by suggesting they would allow the use of Environmental Attribute Certificates to scope 3 emissions. In new publications by the organization, there are suggestions that this move is being reversed. The implications of this will be the need for new and clearer guidance by SBTi on the use of carbon credits and for companies whom were earlier relying on the use of credits to achieve reduction targets to rethink this.

According to PwC’s Global CSRD Survey 2024, Dutch companies are leading in readiness and confidence for implementing the new Corporate Sustainability Reporting Directive (CSRD). An impressive 79% of Dutch businesses expect to comply with the CSRD on time, significantly surpassing the global average of 63%. This optimism is fueled by progress made in CSRD implementation, even as challenges related to data quality, value chain complexity, and human resources persist

The European Securities and Markets Authority (ESMA) has issued a Public Statement urging companies to prepare for the new Corporate Sustainability Reporting Directive (CSRD) requirements. The CSRD expands sustainability reporting obligations for over 50,000 companies, emphasizing governance arrangements, materiality assessments, and data collection systems. ESMA highlights the importance of readiness to meet detailed reporting standards and conduct double materiality assessments.

In the ever-evolving landscape of Mergers & Acquisitions (M&A), environmental, social, and governance (ESG) factors are gaining prominence. Deloitte’s 2024 M&A Trends Survey reveals that successful dealmakers embrace uncertainty, prioritize value creation, and bridge gaps between private equity and corporate approaches. By understanding and leveraging ESG considerations, companies can navigate the changing M&A landscape effectively.

The European Commission has launched the Climate City Capital Hub to provide financial support and advice to cities aiming for climate neutrality. With a €650 billion investment target, this initiative will leverage public and private capital, supported by the European Investment Bank (EIB). A group of 112 cities committed to eliminating their net greenhouse gas emissions by 2030 will require a combined €650 billion in investments to fulfill this pledge, according to a European Union initiative.