The Swiss government announced the release of its new proposed Federal Act on Sustainable Corporate Governance, a new law setting out updated sustainability-related reporting and due diligence obligations for large companies. The new proposed law would broadly align obligations for Swiss companies with those of their European counterparts under the EU’s recently updated Corporate Sustainability Reporting Directive (CSRD) and Corporate…
Nature-based soil carbon removal solutions provider Grassroots Carbon announced a new multi-year deal with Boeing, with the aerospace giant agreeing to offtake a minimum of 40,000 tons of durable carbon dioxide removal (CDR) credits. Launched in 2021 through the merger of grazing management software company PastureMap and carbon credit aggregator Soil Value Exchange, Texas-based Grassroots Carbon partners with ranchers across…
French energy giant TotalEnergies and clean energy developer Masdar announced a new agreement which will see the companies merge their onshore renewable activities in nine countries across Asia in a new $2.2 billion 50/50 joint venture. According to the companies, the new joint venture will bring together capital and expertise to deliver renewable energy at scale and speed, as electricity…
Singapore-based circular economy-focused investment manager Circulate Capital announced that it has raised $220 million at the first close of Circulate Capital Asia II, its new fund focused on investments to scale circular supply chains and recycling businesses across South and Southeast Asia. According to Circulate Capital, the new fund comes as regulatory changes, supply chain volatility, and consumer brand commitments…
This week in ESG news: EU kicks off ETS carbon market reforms; Nestlé, ILO launch project to improve human rights in coffee supply chain; Novisto acquires carbon accounting platform Minimum; TotalEnergies says it can’t set net zero targets due to slower than needed energy transition; new pollution reporting standards proposed by GRI; Google, Meta, McKinsey sign deals to remove carbon…
The European Commission announced a new proposed measure to adjust a key mechanism in its carbon pricing system, the EU ETS, aimed at addressing concerns from industry facing pressure from soaring energy costs as well as increasing carbon prices. The Emissions Trading System (ETS) is the EU’s internal cap and trade carbon pricing mechanism. Established in 2005, the ETS puts…
Global food and beverage company Nestlé and the International Labor Organization (ILO) announced today the launch of a new two-year project, aimed at advancing the protection of rights for workers in coffee supply chains in Brazil, Colombia and Mexico. Nestlé said that the project is supported by the Nescafé Plan, Nestlé’s global sustainability program for the flagship coffee brand. Nestlé…