The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) announced today a new agreement, formalizing the collaboration between the organizations to enable nature-related financial disclosures for capital markets, including building upon the TNFD recommendations in the work of the IFRS’ International Sustainability Standards Board (ISSB). Erkki Liikanen, Chair of the IFRS Foundation Trustees, said: “We are delighted to…
Sustainability consultancy Nature Positive is working with Resource Management Service (RMS), a forest investment adviser, to identify, prioritise and understand the biodiversity impacts of its forest management activities. Nature Positive carried out materiality assessments, site visits and workshops to quantify and demonstrate the biodiversity value of RMS’s client-owned land in the south-eastern US. The project aims to demonstrate RMS’s ability…
Microsoft and International Airlines Group (IAG), the parent company of airlines including Aer Lingus, British Airways, Iberia, Vueling and LEVEL, announced that they have extended an agreement for the purchase of Sustainable Aviation Fuel (SAF), in a deal aimed at supporting Microsoft’s goal to reduce Scope 3 lifecycle emissions from business travel and air freight. According to the companies, through…
Investor interest in nuclear power is burgeoning as demand trends alter perspectives on a previously taboo energy source. Nuclear energy has not been a priority for institutional investors in recent decades. Significant safety concerns are a key factor, following disasters such as Three Mile Island (1979), Chernobyl (1986) and Fukushima (2011). New nuclear projects often mean high upfront costs and…
Sustainable fashion tech start-up Fairly Made announced that it has raised €15 million (USD$16.4 million) in a Series B funding round, with proceeds from the financing aimed at advancing its supply chain tracing solutions to enable fashion brands to accurately measure the environmental and social impact of their products. Founded in 2018 by Laure Betsch and Camille Le Gal, Paris-based…