The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced that it has decided to proceed with the development of proposed requirements for companies to provide nature-related disclosures in the form of an IFRS Practice Statement, instead of a mandatory standalone standard. In an effort to address concerns about its decision, the ISSB stressed that applying the Practice Statement would have the…
Global transport and logistics company DSV announced an agreement with United Airlines, Microsoft and Phillips 66, aimed at enabling large-scale access to sustainable aviation fuel (SAF) According to the companies, the new collaboration is anticipated to unlock up to 41.6 million liters of SAF from Phillips 66, delivering an expected reduction of approximately 100,000 tonnes of lifecycle greenhouse gas emissions…
Climate solutions provider Watershed announced the launch of Watershed agents, providing new AI tools to enable sustainability teams to significantly accelerate data cleaning and analysis. According to Watershed, the new AI tools are being introduced to address a key challenge facing sustainability teams, with data management requiring substantial time investment to collect, clean, aggregate, analyze and report on data. Founded in…
Environmental group Friends of the Earth Netherlands (Milieudefensie) announced that it is launching a new court case against Shell, following up on its initial case which resulted in a ruling – subsequently overturned on appeal – requiring the energy giant to slash its emissions, including those from its customers’ use of products. In the new case, Milieudefensie said that, based…
Cleantech startup Exergy3 announced that it has raised £10 million (USD$13.5 million) in a seed funding round, with proceeds to be used to scale its technology designed to address 2 key energy challenges by converting surplus renewable power into clean industrial heat. Industrial heating uses high amounts of energy, often from fossil fuel-based sources, in order to transform materials into…