Sustainability and ESG News

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BCG Survey: AI-Powered Decarbonization

A new survey from Boston Consulting Group (BCG) highlights how companies worldwide are leveraging AI to significantly enhance their decarbonization efforts, resulting in substantial financial benefits. Despite these advancements, overall progress in emissions reduction has stalled, highlighting a complex landscape of opportunities and challenges.

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Steering Sustainability Reporting: A Guide for European Boards from EY

A recent insight from EY outlines how European boards are navigating a monumental shift in corporate reporting due to the Corporate Sustainability Reporting Directive (CSRD). This directive offers a unique opportunity to align corporate strategy with sustainability goals, driving long-term value creation.

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COP16: A Catalyst for Change for Financial Institutions

COP16 is set to drive significant and lasting changes in the financial sector by prioritizing nature and biodiversity investments. The conference aims to engage the private sector in making permanent shifts towards sustainable finance.

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Climate Week NYC 2024: A Global Call to Action

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.

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Biden-Harris Administration to Invest $50 million to Boost EV Manufacturing

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.

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Missouri Court Blocks Anti-ESG Rules

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.

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EU Commission Publishes FAQs on New Corporate Sustainability Reporting Rules

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.

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CEOs on Creating Value with Climate Action

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.

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Britain to Propose Law Regulating ESG Raters

The UK government is set to introduce legislation next year aimed at regulating environmental, social, and governance (ESG) rating providers. This move is part of a broader effort to enhance transparency and accountability in the ESG sector.

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IASB Releases Draft Guidelines for Corporate Climate Risk Reporting

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.

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