The LEGO Group announced the introduction of tire pieces in its toy sets containing recycled materials, forming part of the company’s efforts to increase the use of sustainable materials in its products and reduce reliance on virgin fossil fuel-based ingredients. According to the LEGO Group, the new tires contain “rSEBS,” a material created by repurposing discarded ropes and nets from…

International banking group Standard Chartered announced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050. Among the key actions outlined in the document was a plan by the bank to engage over the next 12 months with all of its…

European automakers will be given increased breathing room to meet vehicle emissions reduction requirements, according to European Commission President Ursula von der Leyen, with a proposal to give them more time to comply with CO2 targets, enabling companies to avoid significant penalties that are slated to start this year. The EU adopted a series of clean mobility regulations in 2023,…

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…