Amazon announced that it has signed nine new power purchase agreements (PPAs) in Australia, marking its largest renewable energy investment in the country in a single year, and bringing its total renewables capacity in Australia to nearly 1 GW. The new agreements will provide the tech giant with 430 MW of energy from projects located across New South Wales and…
EU banking supervisor The European Banking Authority (EBA) announced the publication of a significant proposed update to its ESG supervisory reporting framework, aimed at simplifying ESG-related disclosure requirements for banks, and introducing proportionality measures to enable reduced reporting for smaller institutions. Among the key changes proposed by the EBA is the removal of several reporting EU Taxonomy-related reporting templates, including…
Guest post by: Aaron Saw, Head of Corporate Reporting Insights – Financial, ACCA As expectations around sustainability reporting continue to rise, many organisations are discovering a fundamental challenge: the data isn’t ready. Across complex value chains, sustainability information is often incomplete, uncertain, or simply unavailable. Yet the pressure to disclose continues to increase. Regulators, investors and stakeholders are demanding clear,…
London-based assurance services provider LRQA announced the acquisition of responsible business advisory organization Partner Africa, aimed at strengthening its responsible sourcing capabilities and expanding its initiatives across Africa. Founded in 2011, UK-based Partner Africa is a non-governmental organization focused on improving working conditions and livelihoods across Africa through audits, training and advisory services. The transaction is LRQA’s first in the…
U.S.-based energy storage and battery materials provider Redwood Materials and electric vehicle maker Rivian announced the launch of a new partnership aimed at deploying energy storage systems using second-life battery packs at Rivian’s manufacturing plant in Normal, Illinois. Under the agreement, Rivian will supply EV battery packs to Redwood, which will integrate them into a Redwood Energy system supported by…
Investor services and proxy advisory company Institutional Shareholder Services (ISS) announced that it has filed a lawsuit in a federal U.S. court aimed at challenging a new Indiana law – that has been replicated in several states – that would require proxy advisers to provide what it called “a regime of state-law mandated warnings” when recommending voting against company management. The…
Global consumer brands and industrial products company Henkel announced a broad set of new sustainability targets, aimed at accelerating progress on climate action, circular economy, employee equity and supply chain standards through 2030. The company said the updated mid-term goals reflect a strategic push to scale impact across its operations and value chain. Henkel CEO Carsten Knobel said: “In today’s…
Logistics giant DHL and International Airlines Group’s (IAG) cargo handling business IAG Cargo announced today a new five-year agreement, to increase the use of sustainable aviation fuel (SAF), aimed at reducing lifecycle emissions from air freight operations. Under the new agreement, DHL Express will receive the Scope 3 emissions reductions from approximately 40 million liters of neat SAF per year….
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…