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Pressure Mounts on EU to Delay Deforestation Rules

The EUDR has become a “bureaucratic monster” and must be re-written, says prominent centre-right MEP Peter Liese. The European Commission is under increasing pressure to delay stringent new anti-deforestation rules, as businesses, lawmakers and foreign governments warn that the requirements would be impossible to comply with. The EU Regulation on Deforestation-free Products (EUDR) would ban the import of certain commodities…

CO2 AI Launches Generative AI-Powered Product Emissions Footprinting Solution

CO2 AI Launches Generative AI-Powered Product Emissions Footprinting Solution

Sustainability platform CO2 AI announced the launch of Product Footprinting, a new AI-powered solution aimed at enabling companies to compute carbon emissions for products and reduce environmental impact. Paris-based CO2 AI provides solutions aimed at helping large and complex organizations to measure impact and identify levers to reduce impact at scale, leveraging artificial intelligence. According to the company, the new…

Vodafone Business Launches New CSRD Sustainability Reporting Solution

Vodafone Business Launches New CSRD Sustainability Reporting Solution

Telecommunications company Vodafone’s digital communications solutions unit Vodafone Business announced today the launch of Vodafone Business ESG Navigator, a new software solution aimed at enabling companies to address their sustainability reporting needs, with a particular focus on the EU’s Corporate Sustainability Reporting Directive (CSRD), in collaboration with sustainability reporting software provider Envoria. Founded in 2018, Munich-based Envoria provides solutions enabling…

Moody’s, MSCI Launch New ESG Data Solutions Partnership

Moody’s, MSCI Launch New ESG Data Solutions Partnership

Global integrated risk assessment firm Moody’s and investment data and research provider MSCI announced today the launch of a new strategic partnership, with each company gaining access to each others’ sustainability and business databases to enable the launch of new data-driven ESG investing and sustainable finance solutions. Under the new partnership, Moody’s will use MSCI’s sustainability data and models, including…

Fidelity International Launches New Sustainable Investing Framework to Meet New ESG Regulations

Fidelity International Launches New Sustainable Investing Framework to Meet New ESG Regulations

Investment management firm Fidelity International announced that it has revised its sustainable investing framework, launching a new 3-tiered system categorizing funds by their level of ESG integration, citing an evolving ESG client and regulatory landscape. The revised framework comes amidst a series of new regulatory requirements for asset management firms marketing and managing sustainability-focused investment funds, including the EU’s Sustainable…

Google, BlackRock Partner on Solar Energy Development in Taiwan

Google, BlackRock Partner on Solar Energy Development in Taiwan

Google and BlackRock announced today a new clean energy-focused partnership in Taiwan, with Google investing into solar developer and BlackRock portfolio company New Green Power (NGP), and sourcing renewable energy from its solar pipeline to power its data centers and facilities in the region. According to the Taiwan Ministry of Economic Affairs, Taiwan, which currently generates nearly 85% of its…

Investors Urged to Prioritise Nature Markets

Updates from PRI Spring and the TNFD also showcase efforts to enhance accountability on nature-related impacts. Industry experts have highlighted the importance of nature investments and potential risks arising from their underfunding, amid increased regulatory attention. Speaking at City & Financial Global’s Biodiversity and Nature Markets Summit 2024, Rhian-Mari Thomas, CEO of the Green Finance Institute (GFI), suggested that economic…