French engineering software company Dassault Systèmes announced that it has set a new target to achieve net zero greenhouse gas emissions across its value chain by 2050, which has been validated by the Science Based Targets initiative (SBTi). The new target follows the company’s achievement of its initial SBTi targets ahead of schedule. According to Dassault, it reduced its operational…
The European Central Bank (ECB) announced plans to extend the use of climate factors in the collateral framework to eligible loans to non-financial corporations, significantly expanding its initiative to adjust the value assigned to assets pledged by banks as collateral for central bank loans, based on their exposure to climate transition risks. The announcement follows the recent rollout by the…
Germany-based testing, certification, auditing, and advisory services provider TÜV SÜD announced today the acquisition of climate impact verification platform SustainCERT, in a move aimed at expanding its capabilities in digital carbon verification and strengthening its position in global carbon markets. Founded in 2018 by the Gold Standard Foundation as its official certification body, Luxembourg-based SustainCERT now operated as an independent…
The European Financial Reporting Advisory Group (EFRAG) announced the release of its new Exposure Draft of the European Sustainability Reporting Standards for certain non-EU undertakings (ESRS-40a ED), outlining proposed sustainability reporting requirements for non-EU companies included in the scope of the EU’s Corporate Sustainability Reporting Directive (CSRD). While based largely on the European Sustainability Reporting Standards (ESRS) for EU companies, the…
This week in ESG news: California to limit initial supply chain emissions reporting requirements to key categories after companies raise cost, data concerns; EcoVadis opens up supply chain sustainability networking platform to all suppliers; BlackRock, Temasek JV leads funding round for sustainability software provider Asuene; CSRD reporting companies increasingly disclosing climate transition plans; Airbus, Air Canada launch sustainable aviation fuel…
Business sustainability ratings and solutions provider EcoVadis announced the expansion of its peer-to-peer sustainable supply chain-focused platform, Community, to all procurement organizations and non-EcoVadis customers. Launched earlier this year, Community was established by EcoVadis as a platform to bring procurement leaders and sustainability practitioners together to exchange sustainability best practices, tackle challenges, and strengthen their performance, with features including discussion…
BlackRock announced a collaboration with impact investing specialist Phenix Capital Group’s advisory arm PCG Impact, on a new offering aimed at helping institutional investors to build and manage impact portfolios that seek to generate sustainable outcomes alongside financial returns. According to BlackRock, the new offering comes as client demand for impact investing continues to grow, with many institutional investors seeking…
Global mining and metals company Rio Tinto announced today that it has signed a five-year offtake agreement with renewable biomass charcoal company SuperChar for the supply of locally produced bio pellets to assess its use as a replacement for coal at its alumina refineries in Gladstone, Australia, with deliveries targeted to commence in 2028. Rio Tinto is one of the…
Tokyo-based sustainability solutions provider Asuene announced today the acquisition of supply chain carbon management platform Secaro for approximately $37 million, in a deal described by Asuene as aimed at expanding its presence in the UK, European and US markets as global pressure mounts on manufacturers to measure and disclose emissions in their supply chains. Launched in 2018 as Manufacture 2030,…