Public companies in Brazil will be required to provide annual sustainability and climate-related disclosures, starting in 2026, according to a new announcement from Brazil’s Securities and Exchange Commission (CVM) and Ministry of Finance. According to the CVM, the new reporting requirements will be based on the recently published sustainability and climate-related disclosure standards issued by the IFRS Foundation’s International Sustainability…
Industrial gases and services supplier Air Liquide and Sweden-based electricity and heat provider Vattenfall signed a new Power Purchase Agreement (PPA) for 115 MW of renewable installed power capacity in Benelux. The new PPA marks Air Liquide’s second major renewable energy agreement in Benelux, bringing the renewable power capacity available to the company in the region to 270 MW, representing over 70%…
Compliance and administrative services provider TMF Group today announced the launch of its new environmental, social and governance (ESG) administration services, aimed at helping companies and fund managers meet their ESG reporting requirements. According to TMF Group, the new service comes as companies face a series of ESG reporting challenges, including complying with new regulations, understanding a variety of reporting…
The Council of the European Union announced today the adoption of a regulation creating a new European Green Bond Standard, marking the last major step for the establishment of a new European Green Bonds (EuGB) label, aimed at fighting greenwashing and helping advance the sustainable finance market in the EU. In addition to setting out the requirements for issuers wishing…
Fashion and design brands company H&M Group announced the issuance ofits inaugural green bond, raising €500 million (USD$530 million) to support the company’s environmental initiatives, including its climate and circularity roadmap. The offering of the 8-year bonds under H&M’s Euro Medium Term Note (EMTN) program saw strong demand, with the issuancemore than 3.5 times oversubscribed with a total order book…
Deutsche Bank announced the publication of its initial Transition Plan, outlining the bank’s methodologies, targets and achievements on its path to net-zero by 2050, across its own operations and supply chain, as well as financed emissions. The publication includes new targets for emissions reductions from financing carbon-intensive sectors including coal mining, cement and shipping, as well as new goals for…
Demand for fossil fuels including coal, oil and natural gas are expected to peak this decade under today’s policy setting, according to the International Energy Agency’s (IEA) flagship World Energy Outlook (WEO) 2023 report, marking the first time the report has forecast this under its current policies scenario, as rapid growth in clean energy technologies and structural economic and geopolitical…
The Australian Accounting Standards Board (AASB) announced today the release of a new exposure draft, outlining its proposed standards for companies to report climate-related information, based on the recently released sustainability disclosure standards by the IFRS Foundation’s International Sustainability Standards Board (ISSB). The launch of the new proposed standards follows plans released by the government of Australia earlier this year…