The U.S. Securities and Exchange Commission (SEC) may reconsider its rules allowing foreign companies to file financial statements using International Financial Reporting Standards (IFRS) accounting standards due to the IFRS Foundation’s formation and backing of the International Sustainability Standards Board (ISSB), according to a warning issued by SEC Chair Paul Atkins on Wednesday. The remarks, made during Atkins’ keynote address…

By: Rachael Bratt, Senior Consultant, Climate Risk – EcoAct, part of Schneider Electric Many of us learned the basics of water stewardship early on – don’t leave the tap running, have a shower rather than a bath. Don’t waste what is essential. But somewhere along the path to industrial scale, that principle faded from view. In business, water is invisible:…

Venture capital fund Una Terra announced that it has raised €50 million (USD$54.5 million) for its Circular Economy Growth Fund, aimed at investing in and scaling companies providing technologies to transform industries with circular models to eliminate waste and reduce greenhouse gas emissions. Founded in 2021, Una Terra invests in growth-stage technology-led companies in Europe, the Middle East and North…

Based on an interview with Alex Bexon, LDC (the private equity arm of Lloyds Banking Group).

Cleantech startup Nitricity announced today that it has raised $50 million in a Series B funding round, with proceeds aimed at scaling up its technology for the production of organic, low-emission nitrogen fertilizer. Production and use of nitrogen fertilizers account for approximately 5% of global greenhouse gas (GHG) emissions, and also contributed to waterway toxicity and biodiversity loss, according to…

Digital workflow company ServiceNow and sustainability risk management tech company Socialsuite announced the launch of a new combined solution aimed at helping companies to integrate their sustainability and risk management capabilities using AI and software and meet ESG reporting compliance requirements. The new integrated solution follows the launch earlier this year by SocialSuite a new software platform aimed at helping…

Sustainability certification provider Planet Mark announced today the appointment of Avital Johanan as Managing Director, taking leadership of the business as it accelerates its focus on supply chain sustainability. Johanan takes on the position from Planet Mark founder Steve Malkin, who will be assuming a new role as Founder and Senior Advisor. Founded in 2013, London-based Planet Mark provides sustainability…

The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the release of a draft update of the Hong Kong Taxonomy for Sustainable Finance – its classification system for defining and classifying environmentally sustainable economic activities in order to mobilize capital to these areas – with proposals to expand the Taxonomy to include transition activities as well as…

The European Parliament announced the adoption by lawmakers of a series of new rules aimed at preventing and reducing textile and food waste in the EU, including measures requiring textile producers to cover the cost of collecting, sorting and recycling their products. The announcement marks the last major legislative step in the revision of the EU’s Waste Framework Directive, following…

Forward-looking companies increasingly recognize that supply chain data is not just a sustainability reporting tool, it is a compliance necessity and a strategic asset. By: Saravanan Parisutham, Chief Operating Officer, TrusTrace Regulatory pressure on supply chains is intensifying across industries. The EU Deforestation Regulation (EUDR) takes effect at the end of this year, while U.S. forced labor laws and upcoming…