
Sustainability and ESG News
BlackRock Survey: 99% of Insurers Set Climate Transition Goals
A recent BlackRock survey reveals that an overwhelming 99% of insurers have set climate transition goals within their investment portfolios, marking a significant shift towards sustainability in the insurance industry.
GRESB’s 2024 ESG Benchmark Insights: Real Estate Sector Embraces Net Zero Goals
The latest GRESB (Global Real Estate Sustainability Benchmark) 2024 ESG Benchmark reveals a significant increase in net zero targets among real estate participants, with 65% now committed to achieving net zero emissions. This marks a notable shift towards sustainability in the real estate sector.
De-Risking the Energy Transition in Europe: PwC’s Insights
PwC's latest report delves into the challenges and strategies for de-risking the energy transition in Europe, highlighting the importance of sustainable practices and regulatory frameworks.
Climate Bonds Initiative and EMF-ECBC Partner to Align EU Covered Bonds with Sustainable Finance Goals
The Climate Bonds Initiative and the European Mortgage Federation-European Covered Bond Council (EMF-ECBC) have partnered to develop standards that align EU covered bonds with the EU Taxonomy, promoting sustainable finance.
KPMG Releases 2024 ESG Due Diligence Study
A recent KPMG study reveals that 61% of investors in the European Market for Alternative Investment Funds (EMA) prioritize ESG due diligence, driven by the potential for monetary gains.
Britain to Invest up to $28.5 billion for Carbon Capture Projects
Britain has committed to investing up to £217 billion in cleaner energy by 2035, aiming to significantly reduce carbon emissions and transition to renewable energy sources.
California Passes New Climate Disclosure Law
California Governor Gavin Newsom has signed a landmark climate disclosure bill into law, requiring large companies to report their greenhouse gas emissions and climate-related financial risks starting in 2026. This legislation aims to enhance transparency and accountability in corporate environmental practices.
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.