Sustainability and ESG News
EU Commission Warns 17 Member States Over CSRD Implementation
The European Commission has issued warnings to 17 EU member states for failing to implement the Corporate Sustainability Reporting Directive (CSRD) by the July 2024 deadline. This directive aims to enhance transparency and accountability in corporate sustainability reporting across the EU.
Leading CEO Climate Alliance Achieves Major Emissions Reductions and Revenue Growth
The Alliance of CEO Climate Leaders has successfully reduced its aggregate emissions by 10% while achieving an 18% revenue growth over the past three years. This demonstrates that significant climate action can coincide with robust economic performance.
IFRS Foundation releases guide for voluntarily applying ISSB Reporting Standards
The IFRS Foundation has taken a significant step in promoting sustainability reporting by launching a comprehensive guide for companies. This guide is designed to help businesses voluntarily adopt the International Sustainability Standards Board (ISSB) Sustainability Reporting Standards, ensuring they can meet the growing investor demand for transparent and comparable sustainability information.
Data-Driven Sustainability: Capgemini and Sweep’s Insights
The “Sustainability in Action” report by Capgemini and Sweep highlights the critical role of data in driving sustainability efforts across various industries. It emphasizes the need for robust data management to meet regulatory demands and achieve sustainability goals.
A World in Balance 2024: Accelerating Sustainability Amidst Geopolitical Challenges
The Capgemini Research Institute’s latest report highlights significant strides in sustainability, focusing on circular economy practices, sustainable design, and biodiversity. Despite geopolitical challenges, companies are making notable progress in integrating sustainability into their core operations.
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.
EU Achieves Significant GHG Emissions Reduction Amid Economic Growth
The EU’s latest energy report reveals a remarkable 32.5% decrease in greenhouse gas (GHG) emissions since 1990, despite a 67% growth in the economy. This achievement highlights the EU’s successful integration of sustainability into its economic development strategies.
Deloitte’s 2024 CxO Sustainability Report: A Surge in Global Sustainability Investments
Deloitte’s 2024 CxO Sustainability Report reveals a significant increase in sustainability investments among global executives. The report highlights the growing importance of sustainability in business strategies and the innovative approaches companies are adopting to address climate change.
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.
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.
Australia Publishes Net Zero ‘Sector Pathways’ to Reach Net Zero by 2050
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: 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.
California’s Climate Laws: Navigating New Amendments for a Sustainable Future
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.
Capgemini Report: Despite Challenges, AI and Data Mastery are Key to Sustainable Progress
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.
New Mandatory Climate Disclosure Law Passed by Australia Senate
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.
McKinsey & Company: How European Consumers Perceive Electric Vehicles
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.
Sustainability Megatrends Report: Global Investors Reporting Higher Performance Yields after ESG Investing
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.
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.
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.
ICMA to Release New Guidance on Sustainable Commercial Paper by End of 2024
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.