On November 11, 2024, one of the first substantive outcomes of the 29th Session of the UN Conference of the Parties to the UN Framework Convention on Climate Change (COP29) was approved. The President of COP19 introduced a draft decision of the Conference of the Parties Serving as the Meeting of the Parties to the Paris Agreement (CMA) Bodies. The…
Environmental data provider Iceberg Data Lab (IDL) announced the launch of a new tool, aimed at enabling investors to measure their deforestation impact of companies, or the surface of forest which is destroyed by their activity each year. The tool currently covers 3,500 listed companies in the world, producing seven sensitive raw materials – beef (livestock), cocoa, timber, coffee, soy,…
Amsterdam-based TRACT, which offers sustainability measurement systems for supply chains, announced that it has raised $11.2 million in new funding. The funds will be used to expand the scope of the company’s services, which include a SaaS platform that enables companies in the agricultural and food industries to assess and develop methods to reduce their carbon footprints. The new funding…
Climate solutions platform Watershed announced that it has facilitated the purchase of sustainable aviation fuel certificates (SAFc) on behalf of customers including BlackRock, Ripple, Samsara, and Block. These certificates will be utilized by the companies to supply sustainable aviation fuel (SAF) to Alaska Airlines passenger flights. In return, the companies will receive carbon offset credits for the emissions generated by…
EU member states in the European Council announced today that they have adopted new rules to regulate ESG ratings providers, aimed at improving the reliability and comparability of ESG ratings and boosting investor confidence in sustainable financial products. The adoption of the new rules by the EU Council marks the last major legislative step in the process to regulate ESG…
The IFRS Foundation announced today the publication of a new guide aimed at helping companies to identify and disclose material information about sustainability-related risks and opportunities that could have an impact on their short- or long-term cash flows, access to finance or cost of capital, and to assess materiality. According to the IFRS Foundation, the new guide comes as “investors…
By: Daisy Shen, Head of Climate Change and Sustainability at KPMG in China As I arrived in Baku this week, I was pleasantly surprised to see so many delegates from across the world and from across different industries, civic groups and governments. In recent months, the increased politicization of the climate debate has sparked much talk about the relevance of…
Nearly nine out of ten business executives plan to increase investments in technology to advance their companies’ sustainability efforts over the next year, as most view sustainability-related IT investments as a growth opportunity, and a significant majority believe that AI will have a positive impact on their progress towards their sustainability goals, yet only half currently express confidence in their…