Other authors: Dušan Stojković On 26 February 2025, the European Commission (“Commission”) published its “Omnibus I” or “Sustainability Omnibus” package as part of its mission to improve the competitiveness of the European Union. The Omnibus Package foresees changes to several EU instruments pertaining to sustainability reporting under the Corporate Sustainability Reporting Directive (“CSRD”) and Taxonomy Regulation, sustainability due diligence under the Corporate Sustainability…
The IFRS Sustainability team is pleased to announce that, with a single IFRS login, anyone can now access SASB Standards in both PDF and HTML formats, free of charge for non-commercial use, via the new SASB Standards Navigator. Previously, accessing SASB Standards in PDF format required form submission. Now, users can directly access SASB Standards in both PDF and HTML…
Carbon capture technology firm CarbonQuest announced that it has raised $20 million in a funding round, with proceeds aimed at advancing and expanding its low-cost solution to capture CO2 from buildings and power generation systems. Founded in 2019, Spokane, Wa-based CarbonQuest has developed a modular point-source system to capture CO2 before it is emitted from natural gas sources in buildings…
Climate solutions provider Watershed announced today the launch of a new request for proposals (RFP), aimed at adding 1 megatonne (1 million tonnes) of carbon removal credits to its decarbonization-focused platform for companies. According to Watershed, the new RFP is being opened amidst growth in its customer base, with the company forecasting a need for 1 million tonnes of carbon…
UK pension fund manager The People’s Pension (TPP) announced the appointment of Amundi and Invesco to manage £28 billion (USD$35.5 billion) in assets, with a strong focus on responsible investment, including climate-focused and net zero-aligned equity and fixed income mandates. The new mandates represent the bulk of TPP’s approximately £32 billion in assets, which had been exclusively managed by State…
Wells Fargo revealed that it has dropped some of its key climate-related goals, including its target to achieve net zero financed emissions by 2050, and its sector-specific 2030 interim financed emissions targets. The announcement, made available on the Wells Fargo’s website, marks the latest move in a series of retreats from climate finance commitments set by banks over the past…