How to Get B Corp Certified? A Concise Answer! Achieving B Corp Certification is a significant milestone for any business committed to balancing profit with purpose. It signals to the world that your company meets the highest standards of social and environmental performance, accountability, and transparency. However, the path to certification is not without its challenges. In this article,…
The European Commission publishes FAQs on the implementation of the EU corporate sustainability reporting rules
On 7 August 2024, the European Commission published a set of frequently asked questions on the implementation of the EU Corporate Sustainability Reporting Directive (Directive (EU) 2022/2464) (“CSRD“) and the interpretation of certain legal provisions in the Accounting Directive (Directive 2013/34/EU), the Transparency Directive (Directive 2004/109/EC) and the Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088). The FAQs take into account…
The European Commission publishes FAQs on the implementation of the EU corporate sustainability reporting rules
On 7 August 2024, the European Commission published a set of frequently asked questions on the implementation of the EU Corporate Sustainability Reporting Directive (Directive (EU) 2022/2464) (“CSRD“) and the interpretation of certain legal provisions in the Accounting Directive (Directive 2013/34/EU), the Transparency Directive (Directive 2004/109/EC) and the Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088). The FAQs take into account…
What is B Corp Certification? A Concise Answer!
What is B Corp Certification? A Concise Answer! Understanding B Corp Certification: A New Era of Business Responsibility B Corp Certification is more than just a badge—it’s a commitment to balancing profit with purpose. This certification, awarded by the non-profit organisation B Lab, requires businesses to meet rigorous standards that assess their social and environmental impact. But what does this…
Meta Signs PPAs with RWE to Power Data Centers, Offices from New U.S. Solar Farms
Power producer RWE announced it has signed two, long-term power purchase agreements (PPA) with Meta from two solar farms under construction in the U.S., providing renewable energy for Meta’s operations including data centers and offices. Onsite construction is underway on RWE’s 274-megawatt (MWac) County Run Solar project in Illinois and on its 100 (MWac) Lafitte Solar project in Louisiana, with commissioning…
Honeywell Launches New Tool to Help Mid-Market Hotels Cut Carbon Emissions
Industrial products, solutions and technologies company Honeywell announced the launch of INNCOM Direct, a new tool aimed at enabling mid-market hotels to reduce energy consumption and carbon emissions by automatically adjusting heating and cooling of vacant rooms. According to Honeywell, the new tool uses a proprietary detection system to identify empty spaces, and automatically adjusts temperature without impacting consumer comfort,…
World Bank Issues $225 Million Bond with Interest Tied to Carbon Removals from Amazon Reforestation
The World Bank announced that it has priced a $225 million bond, with financial returns to investors linked to the generation of carbon removal units (CRUs) from reforestation projects in Brazil’s Amazon rainforest. The transaction marks the first bond to link financial returns to the removal of carbon from the atmosphere – compared with prior bonds tied to carbon credits…
PRI Embraces Member Diversity in New Strategy
The investor network targets heightened presence and relevance in emerging markets and developing economies. The Principles for Responsible Investment’s (PRI) recently unveiled strategic plan seeks to better incorporate the views and needs of its increasingly diversified signatory base, as well as setting four key focus areas for the organisation, according to CEO David Atkin. The new strategy sets priorities over…
Carbon Removal Solutions Need Further Financial Backing
Private sector and regulators are gradually increasing their efforts around the technology and tools needed to drive down emissions. Investment in permanent carbon dioxide removal (CDR) solutions to tackle decarbonisation has increased, but not yet at the pace and scale needed to meet global net-zero goals. Humans emit around 40 gigatonnes of carbon dioxide (GtCO2) per year, and between 1850…
Ambercycle Raises $10 Million for Circular Materials Plant from Shinkong
Taiwanese polyester manufacturer, Shinkong Synthetic Fibers Corporation, announced that it has invested $10 million in circularity-focused materials sciences company Ambercycle’s first commercial plant, aimed at producing premium materials from end-of-life textiles, expected to open in 2026. Founded in 2015, Los Angeles-based Ambercycle takes end-of-life fabrics, shreds them, separates them into their base materials, removes dyes and finishes, and resells the…