EU member states in the European Council announced that they have adopted a new regulation aimed at banning products made with forced labor from being sold on the EU market, or exported. The adoption of the new rules by the EU Council marks the last major legislative step in the process for the new regulation, following an agreement with the…
Mercedes-Benz announced an update to its sustainability strategy, with the company shifting to focus on a set of six key strategic environment, social and corporate governance topics assessed to have a significant impact on the company’s stakeholders and society. The new focus areas, presented at the company’s 17th Mercedes-Benz Sustainability Dialogue, include Decarbonisation, Resource Use & Circularity, Employees, Human Rights,…
Global professional services firm Deloitte announced today the expansion of its “ESG accelerators” on the Workiva platform, with the launch of four new solutions aimed at helping companies comply with the regulatory requirements of the EU’s new Corporate Sustainability Reporting Directive (CSRD). Key CSRD requirements targeted by the new solutions include double materiality, financed emissions calculation, regulatory gap assessments, and…
The European Council announced that it has given final approval for the establishment of the first EU-level certification framework for permanent carbon removals, carbon farming and carbon storage in products, creating a voluntary framework aimed at craeing a certification system to quantify, monitor and verify carbon removals, and to counter greenwashing. The adoption of the new rules by the EU…
BNP Paribas Asset Management (BNPP AM) announced today the launch of the BNP Paribas Future Forest Fund (FFF), a new fund targeting investments in sustainable forestry. BNPP AM said that the new fund is being launched amid global demand for sustainable managed timberland investments. According to BNPP AM, the new fund, categorized as Article 9 under the EU’s SFDR regulation,…
Global asset manager Janus Henderson and UC Berkeley Executive Education announced today the launch of The Janus Henderson x Berkeley Insight Collective, a new partnership to provide research and education programs for the Janus Henderson’s investment teams, covering the financial impacts of climate change and biodiversity. In the initial phase of the new partnership, Janus Henderson and UC Berkeley faculty…
Starbucks has appointed former Mars sustainability executive Marika McCauley Sine as its new Chief Sustainability Officer. McCauley Sine takes on the role from departing CSO Michael Kobori, who has led sustainability, social impact, and ESG efforts at the company since 2020. McCauley Sine joins Starbucks after nearly ten years at snacking, food, and pet care products provider Mars, most recently…
The EU’s financial regulators announced the release of the results of the “Fit-For-55” climate stress test, examining the resilience of banks, investment funds and the pension and insurance sectors to the transition to a low carbon economy. The stress test found that while transition risks alone are unlikely to threaten financial stability, the sector could see substantial losses and disruption…
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