The UK government announced today the release of exposure drafts of new UK Sustainability Reporting Standards (UK SRS), based on the sustainability and climate-related standards developed by the IFRS Foundation’s International Sustainability Standards Board (ISSB), aimed at forming the basis of a framework to deliver sustainability-related financial information to the financial markets. The new standards were released by the government…
By: Isabel Fernández de la Fuente, Schneider Electric Sustainability Business As companies accelerate their climate ambitions, traditional net-zero frameworks have become the gold standard. But these models can sometimes fail to account for the full climate impact of companies whose products enable decarbonisation in other sectors. In other words: we risk holding back the very solutions we need to scale….
JPMorganChase and 1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy) announced a new agreement, with the bank purchasing 50,000 metric tons of carbon dioxide removal (CDR) credits over 10 years from a new DAC plant in Texas. According to the companies, the new agreement forms part of JPMorganChase’s strategy to address operational emissions, in addition to…
The IFRS Foundation announced the release of a new guidance document, aimed at supporting companies beginning reporting using the International Sustainability Standards Board’s (ISSB) climate-related standard to disclose information on their climate-related transition, and on their transition plans. The new guidance follows the IFRS Foundation’s assumption of responsibility for the Transition Plan Taskforce (TPT) framework last year, in a move…