ESG News

Companies globally are only incrementally improving the quality of their climate-related disclosures, with only around a third referencing the climate-related financial impact on their financial statements, and nearly sixty percent not yet disclosing transition plans, according to a new study released by global professional services firm EY. The study also found that to date, most […]

Delegates at the ongoing UN Climate Change Conference (COP29) achieved an important breakthrough on the first day of the event in Baku, Azerbaijan, reaching consensus on standards for the creation of carbon credits under Article 6.4 of the Paris Agreement, key for advancing the establishment and growth of a global carbon market. The consensus will […]

Zwei Jahre ist es nun her, seit die schwarz-grüne Landesregierung in Nordrhein-Westfalen ihren Zukunftsvertrag auf den Weg gebracht hat. Nordrhein-Westfalen solle zur ersten klimaneutralen Industrieregion Europas werden; dafür soll die klimaneutrale Transformation der Wirtschaft angekurbelt werden, so die Kernbotschaft. Aber auch hinsichtlich der Gründungsförderung hat sich die Landesregierung einiges vorgenommen: Nicht nur möchte man die […]

Recently elected Prime Minister Keir Starmer unveiled a new climate target today, committing to cut UK greenhouse gas (GHG) emissions by 81% by 2035, on a 1990 basis. The new target, announced at the COP29 climate conference in Baku, Azerbaijan, raises the UK’s climate ambition from the 78% target set under Prime Minister Boris Johnson […]

Climate research provider and environmental disclosure platform CDP and the European Financial Reporting Advisory Group (EFRAG) announced today that they have achieved a high degree of commonality and interoperability between CDP’s disclosure platform and the EU’s recently adopted European Sustainability Reporting Standards (ESRS). The organizations added that they will continue to work together to further […]

A Dutch appeals court issued a ruling in Shell’s favor, reversing a landmark 2021 ruling holding the company responsible for greenhouse gas (GHG) emissions resulting from its customers’ use of its products, and ordering the company to dramatically reduce emissions by the end of the decade. In a statement following the ruling, Friends of the […]

Temasek-owned decarbonization solutions-focused investment platform GenZero and global commodities trading company Trafigura announced today a commitment to invest more than $100 million in Brújula Verde, a nature-based project in Colombia anticipated to produce high-integrity carbon removal credits, by restoring land degraded by intensive agricultural activities and fires. Located in Orinoco River Basin, the Brújula Verde […]