Impact News

The European Commission announced the adoption of a series of “quick fix” amendments to the European Sustainability Reporting Standards (ESRS), delaying the addition of new requirements for large companies already reporting under the Corporate Sustainability Reporting Directive (CSRD), including new disclosures in areas including biodiversity, workers in the value chain, and Scope 3 emissions. The […]

HSBC announced that it has decided to withdraw from the Net-Zero Banking Alliance (NZBA), following its North American peers to become the first major UK bank to exit the UN-backed coalition dedicated to advancing global net zero goals through their financing activities. Despite its departure from the NZBA, however, HSCB reiterated its commitment to pursue […]

Neue CDR-Standards für den Schiffsbau: Erstmalige Aufnahme von Kriterien für Methoden zur abiotischen Entfernung von Kohlenstoff aus dem Meer wie „Ocean Alkalinity Enhancement“ und „Direct Ocean Removal“. Verbesserte Messung und Verifizierung: Die Kriterien für 2025 betonen direkte Messung, Fernerkundung und automatisierte Überwachung, um die CDR-Buchhaltung zu verbessern. Anleitung auf Grundlage realer Daten: Erkenntnisse aus Microsofts […]

Carbon removal buyer coalition Frontier announced a new $41 million offtake agreement with bioenergy carbon capture & storage (BECCS) company storage Arbor, to remove 116,000 tons of CO2 between 2028 and 2030, on behalf of companies including Google, Shopify, and H&M Group. The new offtake agreements will enable Arbor to proceed with its first commercial-scale […]

The UK government announced that it has reached a new partnership deal with Japan’s Sumitomo Corporation aimed at channeling major investments in clean energy and infrastructure over the next decade. Under the new partnership, Sumitomo said that it will aim to facilitate £7.5 billion (USD$10.2 billion) of investment into key UK infrastructure and clean energy […]

Microsoft announced a new long-term offtake agreement with energy infrastructure investment manager Copenhagen Infrastructure Partners (CIP) and Denmark-based waste-to-energy (WtE) company Vestforbrænding, for the delivery of nearly 3 million tons of carbon removal generated through a new large-scale carbon capture and storage project at a WtE facility in the greater Copenhagen region. Under the new […]

EU markets regulator the European Securities and Markets Authority (ESMA) announced the release of a new thematic note aimed at guiding market participants including issuers and fund managers on its expectations for sustainability-related claims, and avoiding greenwashing risks in investor communications. Marking the first in a series of thematic notes, the new publication focuses on […]

Snacking, food, and pet care products provider Mars announced the launch of the Mars Sustainability Investment Fund (MSIF), a new $250 million fund aimed at providing capital to companies developing solutions to address key industry sustainability challenges. According to Mars, the new fund will deploy capital across investment funds as well as through direct investments, […]

The European Commission announced the adoption of a series of measures aimed at simplifying the application of the EU Taxonomy, and reducing the administrative burden on companies, including dramatically reducing the number of datapoints in the taxonomy’s reporting templates, and exempting companies from assessing taxonomy alignment for non-material activities.

This week in ESG news: European Commission’s new 2040 climate target includes carbon credits; Microsoft signs new 1 million ton+ carbon removal deal; companies, investors campaign to keep EU sustainable reporting rules intact; JPMorgan tokenizes carbon credits; Nestlé scales program to boost cocoa supply chain sustainability; EU Commission confirms anti-greenwashing law has not been withdrawn; […]