Industrial software provider IFS announced today the launch of IFS Zero, a new agentic AI-powered platform aimed at users in asset-intensive industries to measure, disclose, and optimize carbon emissions across Scope 1, Scope 2, and Scope 3 According to IFS, the new platform is designed to address emissions management challenges facing sustainability teams, including fragmented data, manual reconciliation, and time-intensive reporting,…
McDonald’s revealed significant progress in its operational climate and sustainability goals, but acknowledged that it does not expect to achieve its 2030 Scope 3 value chain emissions reduction targets, due to energy and supply chain challenges beyond the company’s control. Despite anticipating missing its interim goal, however, in a statement by Jon Banner, Global Chief Impact Officer and Warren Anderson,…
Environmental impact-focused investment platform Elemental Impact, alongside tech giants Amazon, Google, Meta, and Microsoft, announced today the launch of the Data Center Innovation Initiative (DCII), a new initiative aimed at investing in clean energy and materials technology startups, and testing their solutions in data center environments for future deployment across broader energy and industrial applications. According to Elemental Impact, the…
The IFRS Foundation and the Global Reporting Initiative (GRI) released a new statement reaffirming their commitment to work together to align GRI and ISSB sustainability reporting standards as part of their joint efforts to enable a seamless, global and comprehensive sustainability reporting system. The new statement describes the common disclosures that the GSSB and ISSB have been working together to…
The City of Stockholm announced that it has entered into a long-term 750,000-tonne carbon removal deal with Swedish energy company Stockholm Exergi, making the city the fifth largest buyer of permanent carbon removals globally. Under the new agreement, the City of Stockholm will purchase the equivalent of 50,000 tonnes of carbon removal annually for 15 years from Stockholm Exergi’s bio-energy…