Insurance and investment group Allianz’s commercial insurance unit, Allianz Commercial, announced the launch of Climate Adaptation & Resilience Services (CAReS), a new platform aimed at enabling companies to identify and mitigate climate risk exposures facing their businesses. According to Allianz Commercial, the new platform comes as businesses face growing climate risk management challenges, with climate change having a severe impact…
The Global Reporting Initiative (GRI) announced today the release of two draft standards addressing how companies report on labor issues including disclosures on measures to tackle discrimination and to protect the human rights of workers. GRI Sustainability Reporting Standards are one of the most commonly accepted global standards for sustainability disclosure by companies, developed to enable consistent reporting across companies…
The European Commission announced today a new proposed climate target, aiming to reduce net greenhouse gas (GHG) emissions across the EU by 90% by 2040, compared to 1990 levels. The new target introduces several key proposed changes from the EU’s current goals, including the ability to utilize international carbon credits to achieve a portion of the 2040 target, and for…
By: Lorenzo Saa, Chief Sustainability Officer, Clarity AI Something shifted in the first half of 2025. The era of vague optimism and feel-good ESG slogans is over. What comes next demands harder questions, sharper tools, and a deeper tolerance for uncomfortable answers and trade-offs. We’re not watching a collapse; we’re witnessing a necessary reset. Regulation is fragmenting, political winds are…
UK companies are making progress on cutting greenhouse gas emissions, but will need to move faster to meet international climate goals, according to a recently released report. Experts from the University of Exeter and J O Hambro Capital Management (JOHCM) have jointly developed a probabilistic forecasting model, Horizon, which is used to project emissions from UK-listed firms from 2025 to 2050. …
Zurich-based Carbon removal solutions provider Climeworks announced today that it has raised $162 million in a new equity funding round, with proceeds from the financing aimed at further developing its direct air capture (DAC) technology to reduce the cost of removals, and to expand its carbon removal portfolio service. Founded in 2009 by Christoph Gebald and Jan Wurzbacher, Climeworks provides…