
Sustainability and ESG News
China’s Landmark Energy Law: A Step Towards Carbon Neutrality
China has passed its first-ever energy law, set to take effect on January 1, 2025, marking a significant step towards carbon neutrality by 2060. This comprehensive legislation addresses various aspects of energy management, aiming to ensure sustainable and secure energy growth.
EU Emissions Drop by 8% in 2023
The European Union achieved an impressive 8% reduction in greenhouse gas emissions in 2023, marking the largest annual drop in decades, second only to the COVID-19 pandemic year of 2020.
EY Survey: Over Half of CFOs Fear Greenwashing Risks Amid Sustainability Data Challenges
A recent EY survey reveals that over half of CFOs are concerned about greenwashing risks due to persistent sustainability data problems, highlighting the need for improved data quality and transparency.
Bloomberg Insights: Advancing the ESG Data Ecosystem
A recent Bloomberg report discusses the critical need for decision-useful ESG data and the emerging standards designed to address data quality and coverage issues. This advancement is crucial for investors navigating the evolving landscape of sustainable finance.
MSCI Releases Funds and the European Sustainable Finance Landscape Report
A recent MSCI report reveals that European sustainability funds have surged to €8 trillion under the SFDR Article 8 and 9 rules, highlighting a significant shift towards sustainable investing in the region.
Green Climate Fund Commits $2.7 Billion to Combat Climate Change in Egypt and Beyond
The Green Climate Fund has approved a massive $2.7 billion for climate projects across several countries, including Egypt. This funding aims to support sustainable development and combat climate change on a global scale.
BCG Releases 2024 Sustainability in Private Equity Report
Boston Consulting Group's (BCG) latest report reveals that 85% of investors plan to prioritize sustainability in the next three years, driving private equity firms to accelerate their net-zero efforts.
BSR Report: C-Suite Collaboration Key to Ambitious Sustainability Goals
BSR’s recent report “The CSO at a Crossroads” highlights that 83% of Chief Sustainability Officers (CSOs) believe collaboration with other C-Suite leaders is crucial for driving ambitious sustainability goals. This teamwork is essential for aligning sustainability with core business functions.
Canada Introduces Mandatory Climate Disclosure Requirements for Large Companies
Canada is taking a bold step towards sustainability by introducing mandatory climate disclosure requirements for large companies. This move aims to enhance transparency and drive the country's transition to a low-carbon economy.
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.