The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) have committed to build upon the TNFD recommendations in the ongoing work of the International Sustainability Standards Board (ISSB), to enable nature-related financial disclosures for use by capital markets. The ISSB has been a TNFD Knowledge Partner since its inception in 2021, and its SASB sector classification, legacy CDSB…
Nature Positive partners with RMS to identify biodiversity impact of forest management
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 Signs Sustainable Aviation Fuel Purchase Deal with IAG to Tackle Scope 3 Emissions
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…
The Nuclear Option
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 Startup Fairly Made Raises $16 Million to Help Brands Track Supply Chain Impact
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…
Edmond de Rothschild Appoints Eric de Tessières as Chief Sustainability Officer
Private banking and asset management company Edmond de Rothschild announced the appointment of Eric de Tessières as Group Chief Sustainability Officer, overseeing the firm’s sustainability initiatives, across asset management and private banking. de Tessières joins Edmond de Rothschild after nearly 20 years at BNP Paribas, most recently as Chief Operating Officer of the Sustainability Center and Head of Solidarity Investments…