Decarbonization-focused consultancy and carbon project developer and solutions provider South Pole announced today the appointment of Daniel Klier as its new Chief Executive Officer. Klier will assume the role beginning in May 2024, taking over from interim CEO John Davis. Klier joins South Pole from sustainability data and technology platform ESG Book, where he currently serves as CEO. Prior to…
Singapore will implement mandatory climate-related reporting requirements for listed and large non-listed companies, with obligations for some to begin disclosing in line with the IFRS’ International Sustainability Standards Board (ISSB) standards starting as early as 2025. The new rules were announced today in the Parliament of Singapore by Second Minister for Finance Chee Hong Tat, with details of the new…
A key piece of EU legislation setting mandatory obligations for companies to address their negative impacts on human rights and the environment was dealt a significant blow today, failing to achieve final approval by the European Council, following objections from countries including Germany and Italy, despite a provisional agreement on the regulation reached earlier by the Council with the EU…
Index provider S&P Dow Jones Indices (S&P DJI) announced today the launch of biodiversity-focused versions of its flagship S&P 500 and Global LargeMidCap indices, aimed at offering investors with a benchmarking solution integrating sustainability factors including biodiversity, the UN SDGs, and climate change. The new indices mark an expansion of the sustainability-focused benchmarks offered by S&P, and follows the recent…
Verizon Communications announced that it has completed a new $1 billion green bond offering, with proceeds from the issuance to be allocated entirely towards renewable energy investments. The offering marks the sixth green bond issuance for Verizon, raising $6 billion since the launch of the company’s inaugural green bond in 2019. The new green bond offering follows the company’s announcement…
The Government of Canada announced that it will issue its second green bond this week, aimed at unlocking financing to accelerate green infrastructure and nature conservation projects, and supporting the achievement of the country’s climate goals. According to media reports, the new offering will aim to raise $4 billion through the issuance of 10-year notes. The new offering follows Canada’s…
By: Peter Walsh, Director, ESG Market Strategy & Partnerships at Benchmark Gensuite The introduction of the Corporate Sustainability Reporting Directive (CSRD) marks a significant shift in European sustainability reporting. As companies gear up to align with these expanded requirements, understanding the intricacies of CSRD is crucial. Here are five key considerations: 1. Getting to grips with the scope and compliance…
The European Parliament announced today that it has adopted aimed at restoring and protecting natural habitats and ecosystems, including a mandated target for EU countries implement measures to restore at least 20% of the EU’s land and sea areas by 2030, and for all ecosystems in need of restoration by 2050. The new law passed with a narrow majority of…