Logistics giant DHL Group announced a new agreement with U.S.-based energy products manufacturer Phillips 66 for the purchase of more than 240,000 metric tons (314 million liters) of sustainable aviation fuel (SAF), to be delivered to U.S. airports over three years. The deal marks one of the largest SAF agreements by a U.S. producer to date, and is anticipated to reduce…
A group of major companies* including Nestlé, Mars Wrigley and Ferrero, among several others, issued a new letter calling on European lawmakers not to implement potential new delays and changes to the EU Deforestation Regulation (EUDR), a new law aimed at ensuring that products imported to or exported from EU markets no longer contribute to deforestation and forest degradation globally….
The U.S. Securities and Exchange Commission (SEC) announced that it will not express opinions to requests from companies asking to exclude shareholder proposals from their proxy voting materials during the 2025-2026 proxy season, effectively allowing companies to avoid voting on issues proposed by investors such as climate, sustainability and diversity at annual meetings. In a statement released by the SEC, the…
Deutsche Bank announced a series of new updates to its sustainability strategy, including expanding its sustainable finance strategy to target opportunities for funding net zero transitions in hard to abate sectors, with the release of a new framework outlining its rules and parameters for transition finance transactions, and a new €900 billion by 2030 sustainable finance, ESG investment and transition…
Renewable energy technology startup Exowatt announced that it has raised $50 million, with proceeds to be used to help deploy its round-the-clock renewable energy technology near AI data centers and industrial sites across the U.S. The new funding brings Exowatt’s capital raised to date to $140 million in under two years, including a $70 million Series A round earlier this…
By Mark Vaessen, Chair of the KPMG Global Corporate & Sustainability Reporting Topic Team The European Union’s ambitious drive towards a more sustainable economy has been a defining characteristic of its regulatory landscape in recent years. This year, the focus of the EU has shifted more towards competitiveness of the economy with a number of measures to reduce the administrative…
The Global Reporting Initiative (GRI) announced the launch of the Integrity Matters Checklist, a new resource aimed at helping companies reporting using the GRI standards to align their climate commitments, transition plans and disclosures with the UN’s net zero guidance. The new tool provides a mapping between the UN Integrity Matters report – which includes a series of recommendations for…
Amazon announced the launch of a series of new global replenishment projects across the U.S., UK and Mexico, expected to restore over 2 billion liters of water annually through nature-based solutions that will also improve habitats and ecosystems. Amazon has set a series of water stewardship goals, including a target to be water positive in AWS, returning more water to…