Greenhouse gas (GHG) emissions in carbon-intensive sectors covered by the EU’s Emissions Trading System fell by 5% year-over-year in 2024, reaching approximately a 50% reduction since the ETS was established in 2005, according to a new report released by the European Commission. Established in 2005, the ETS puts a price on carbon emissions for key GHG intensive sectors, including electricity…
This week in ESG news: EU Commission asks to fast-track development of new sustainability reporting standards; DWS fined $27 million for greenwashing; Unilever acquires sustainable personal care brand Wild; KPMG finds most senior execs have incentive pay ties to ESG goals; EU Parliament agrees to delay sustainability reporting requirements; ISS launches new sustainability bond ratings; Roche sets science-based emissions reduction…
Support across majority of political spectrum suggests that MEPs are open to reaching compromise on EC’s omnibus proposal. Members of European Parliament (MEPs) have overwhelmingly voted in favour of the European Commission’s (EC) ‘stop-the-clock’ proposal as part its omnibus agenda, which will see application of the bloc’s flagship sustainability directives postponed. The Parliament comprises eight parties, which collectively hold 720…