The European Financial Reporting Advisory Group (EFRAG) announced the appointment of Kerstin Lopatta as its new EFRAG Sustainability Reporting Board Chair. Lopatta will assume the role for a term of three years, beginning in May. EFRAG’s mission is to serve the European public interest in both financial and sustainability reporting by developing and promoting European views in the field of…
The International Organization for Standardization (ISO) announced the release of ISO 14001:2026, the new edition of its flagship environmental management standard, aimed at enabling organizations to design and implement environmental management systems to improve environmental performance, minimize impact, and comply with laws and regulations. According to ISO, the new standard is being launched as organizations come under increasing pressure to…
Neil Doherty, executive director at IFM Investors Renewable energy and battery storage can potentially provide a strategic hedge against volatility in fossil fuel prices as their operations are not directly linked to movements in global commodity prices. The price of natural gas has tended to shift materially due to difficult-to-control factors, including cold weather freezing well-heads (impacting domestic production) at…
The European Commission announced on Tuesday the approval of a series of climate-focused state aid schemes, including a €1.3 billion plan by Germany to reduce greenhouse gas emissions by increasing carbon storage in peatlands, and a €3.7 billion Czech program to increase sustainable biomethane production. According to the Commission, the draining of peatlands, which are currently used for agriculture and…
Green technology provider Envision Energy announced that it has secured a $500 million vendor financing agreement with Spanish bank BBVA, aimed at accelerating its renewable energy projects across Europe, Asia and Latin America. Founded in 2007, Shanghai-based Envision provides renewable energy system solutions for global enterprises, governments and institutions, focusing on areas including smart wind turbines, energy storage and green…
Netherlands-based international food retailer Ahold Delhaize announced that it will implement Product Carbon Footprint (PCF) capabilities, aimed at enabling the company to track, measure, and address emissions of the products that it sells. According to Ahold Delhaize, the announcement comes as approximately 95% of the firm’s reported greenhouse gas footprint sits in its value chain (Scope 3), with 80% linked…
Standards-setting organizations the International Organization for Standardization (ISO) and Greenhouse Gas Protocol (GHG Protocol) announced the finalization of a new Joint Working Group (JWG) for the development of an updated and harmonized product-level GHG accounting standard. The formation of the new working group follows the launch last year of a strategic partnership between ISO and GHG Protocol, aimed at unifying the…