The European Commission revealed on Friday that it plans to withdraw the Green Claims Directive just days prior to trilogue negotiations to finalize the proposed rules aimed at protecting consumers from greenwashing claims about the environmental attributes of products and services, following objections from lawmakers that brought its ability to be adopted into doubt. Following a question about the Commission’s…
Canadian institutional investor, Caisse de dépôt et placement du Québec (La Caisse, formerly CDPQ), announced a new sustainable investing target, aiming to reach $400 billion in “climate action” investments by the end of this decade. The pledge, unveiled as part of La Caisse’s 2025–2030 climate strategy, marks a major acceleration in the asset owner’s efforts to drive global decarbonization and…
Rock band Coldplay announced that it will re-release each of its albums on “EcoRecords” made from recycled plastic bottles. The band said that the move forms part of its sustainability mission, and its efforts to make music more sustainable, including cutting the carbon footprint of its ‘Music Of The Spheres World Tour’ by 59% to date. The band’s most recent…
ESG-focused software analytics platform provider Datamaran announced the launch of Datamaran Core, a new solution aimed at supporting companies in identifying, managing, and disclosing ESG issues, risks and opportunities. Targeted at sustainability, legal, and risk teams, the new solution is designed to help users to deliver insights and to manage regulatory alignment in areas such as climate change, resource use,…
Cleantech company Carbon Upcycling announced that it has raised $18 million in a new investment round, with proceeds aimed at scaling its solution to capture and utilize CO2 to produce building materials. The round was led by impact platform Builders Vision. Founded in 2014, Calgary-based Carbon Upcycling delivers carbon and waste circularity solutions aimed at decarbonizing hard-to-abate industries, including upcycling…
Australia-based climate venture platform Climate Tech Partners (CTP) announced that it has reached the first close of a new fund, anchored by separate $15 million commitments from Australian Ethical Investments (AEI) and the Clean Energy Finance Corporation (CEFC). In addition to an aviation-focused fund that recently announced A$15 million in commitments from Airbus and Qantas, CTP said that it has…
The European Financial Reporting Advisory Group (EFRAG) released a draft status report on its work to revise the European Sustainability Reporting Standards (ESRS) as part of the EU’s efforts to reduce sustainability reporting and compliance burdens on companies, with the organization revealing that it expects to reduce the number of datapoints required for CSRD reporting by more than half in its…
The European People’s Party, the largest political party in the EU Parliament, has called on the European Commission to withdraw the proposed Green Claims Directive, aimed at protecting consumers from greenwashing claims about the environmental attributes of products and services, arguing that the new rules would be overly burdensome and complex, and that the positive impact of the directive is…
You’ve poured your energy into crafting a credible sustainability strategy. It aligns with global frameworks, tracks metrics in real-time, and supports long-term resilience. But when it comes time to secure budget or executive backing, you hit a wall.