The energy transition is underway, and oil and gas companies are under increasing pressure to align their investment strategies with sustainability goals. From regulatory frameworks to stakeholder expectations, the impetus to integrate sustainability considerations into decision-making has never been greater. But how can companies practically align their investments with these objectives while maintaining profitability?
Microsoft and nature-based carbon removal startup Chestnut Carbon announced today a new 25-year offtake agreement, with Chestnut providing Microsoft with more than 7 million tons of nature-based carbon removal credits, generated from its forest projects in the Southern U.S. The deal marks the largest-ever voluntary corporate investment in conservation forestry in the U.S., according to Chestnut Carbon, restoring approximately 60,000…
The IFRS Foundation announced the publication of a new guide, aimed at supporting companies beginning to apply the ISSB standards for sustainability reporting with their initial disclosures focused only on climate-related information. The IFRS Foundation’s International Sustainability Standards Board (ISSB) was launched in November 2021, with the goal to develop IFRS Sustainability Disclosure Standards to provide investors with information about companies’…
As sustainability regulations like the CSRD and ISSB standards take center stage, the pressure is on for oil and gas companies to deliver transparent, accurate, and actionable sustainability disclosures. For sustainability managers, this often means navigating complex frameworks, managing vast amounts of sustainability data, and ensuring compliance across global operations.