The LEGO Group revealed progress in its efforts to shift its products towards using more sustainable materials, announcing that it has seen an 83% increase in renewable content in its bricks in the first six months of 2024, with 30% of the resin used by the company sourced under a “mass balance” approach, translating to 22% renewable sources in its…
The Hong Kong Institute of Certified Public Accountants (HKICPA) announced the publication of new exposure drafts with proposed sustainability-related and climate-related reporting standards for companies, fully aligned with the standards issued by the IFRS Foundation’s International Sustainability Standards Board (ISSB). The HKICPA proposal aims to have the standards effective from August 2025. The publication of the new proposals follows the…
Singapore Exchange’s (SGX) market regulator SGX RegCo announced updates to its sustainability reporting rules for listed companies, including pushing back mandatory value chain, or Scope 3, emissions reporting requirements for smaller issuers. The update follows the announcement earlier this year by the government of Singapore that it will implement mandatory climate-related reporting requirements for listed and large non-listed companies, alongside…
Brookfield Asset Management announced today that it has raised $2.4 billion for its Catalytic Transition Fund (CTF), aimed at driving clean energy investments in underserved emerging economies, only three months after the fund’s official launch in June 2024. Initially unveiled in December 2023 at the COP28 climate conference in Dubai, with a $1 billion anchor commitment from newly launched UAE-backed…
HVAC and climate control solutions company Trane Technologies announced today a new commitment to reduce embodied carbon – greenhouse gas emissions associated with a product’s lifecycle, including the extraction of raw materials, manufacturing, transportation and recycling of materials and products – by 40% by 2030. As part of its efforts to target its embodied carbon, Trane said that it will…
HSBC Asset Management and climate change investment and advisory firm Pollination joint venture Climate Asset Management announced that it has raised over $1 billion for natural capital projects with the final close of its Natural Capital and Nature Based Carbon Funds, alongside its Restore Fund with tech giant Apple. Climate Asset Management was launched by HSBC AM and Pollination in 2020,…
Business and financial markets information service provider giant Bloomberg announced a series of enhancements to its suite of climate solutions, aimed at enabling users to evaluate companies’ climate emissions targets, including progress credibility and revenue impact, and to align portfolios with net zero investment goals. According to Bloomberg, the updated suite aims to help investors to assess a range of…