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.
Clean energy metals-focused predictive explorer and driller Earth AI announced that it has raised $20 million in Series B funding, with proceeds aimed at driving its AI and drilling technology development and capacity. Founded in 2017, California-based Earth AI utilizes AI technology to discover untapped critical metal deposits rapidly and at low cost. The company’s AI platform repeatedly discovers new…
Mining giant Rio Tinto announced today a new partnership with Norway-based aluminum and energy company Norsk Hydro aimed at exploring carbon capture technologies to reduce carbon output in the aluminum production process. Together, the partners expect to invest approximately $45 million over the next five years to support this initiative, with most of the work conducted at Rio Tinto’s facilities…
Meta announced that it has signed four environmental attribute purchase agreements (EAPAs) with Madrid-based Zelestra for production of 595 MW of renewable energy to help power the company’s data centers in Texas. Meta, the owner of Facebook, Instagram, and WhatsApp, has set a target to reach net-zero emissions across its value chain by 2030, and is one of the largest…
Zurich Insurance Group announced today a agreement with bioengineered CO2 removal-focused startup Nellie Technologies, for the purchase of up to 17,500 tons of carbon removal generated through the production of biochar over 5 years. The deal marks Zurich’s largest carbon removal purchase agreement to date, and places the company within the top 20 corporate CO2 removal purchasers, according to carbon…
The Swiss government announced that it has approved a new climate goal, targeting a 65% reduction in greenhouse gas (GHG) emissions by 2035, on a 1990 basis. The new decarbonization goal will form the basis of Switzerland’s second Nationally Determined Contribution (NDC) under the Paris Agreement, which the Swiss Federal Council said will be submitted to the UN Framework Convention…
As global attention on climate change intensifies, the regulatory landscape for sustainability reporting is evolving rapidly. Governments, investors, and industry groups are introducing new standards to ensure greater transparency and accountability, leaving sustainability managers with a pressing question: how can we keep up?