Sustainability and ESG News

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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