A tracking tool from the Business & Human Rights Resource Centre highlights an increase in number of cases and geographical spread. Investors and companies are subject to increased litigation from Indigenous people and local communities over human rights and environmental abuses, which could slow down progress on the energy transition. A new ‘just transition’ tracking tool for litigation released by…
China’s Emissions Trading Scheme at a Crossroads
The world’s biggest ETS is on track to expand, but will that be enough to give it real carbon-cutting teeth? Back in April, carbon market nerds around the world let out a collective cry of joy. The reason for their jubilation was that one tonne of carbon dioxide under China’s emissions trading scheme (ETS) had shot past the ¥100 (US$14)…
GRI Launches New Service to Help Reporting Companies Comply with CSRD Sustainability Reporting Standards
The Global Reporting Initiative (GRI) announced today the launch of its new GRI-ESRS Linkage Service, aimed at enabling companies reporting under its disclosure standards to align with the European Sustainability Reporting Standards (ESRS) underlying the EU’s new Corporate Sustainable Reporting Directive (CSRD). GRI Sustainability Reporting Standards are one of the most commonly accepted global standards for sustainability reporting by companies,…
Microsoft Signs Largest-Ever DAC Carbon Credit Purchase Agreement with Oxy’s 1PointFive
1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy), announced today that it has signed an agreement with Microsoft to deliver 500,000 metric tons of carbon dioxide removal (CDR) credits over six years, marking the largest-ever DAC-based CDR credit purchase agreement. DAC technology, listed by the IEA as a key carbon removal option in the transition to…
Nuveen Raises $200 Million for Private Equity Impact Strategy
Investment manager Nuveen announced that it has raised commitments of approximately $200 million at the first close of its second global climate inclusion private equity strategy, aimed at investing in solutions addressing sustainable development challenges including climate change and inequality. Nuveen’s second climate inclusion strategy will build on the firm’s first private equity impact strategy, launched in 2021. The initial…
Guest Post – Decarbonising Metals: Pressing Issues Persist but Financial Strength Mitigates Credit Risk
Steel and aluminium producers are among the largest carbon emitters globally. While they are well positioned to meet decarbonisation targets for this decade, technological uncertainty, costs and regulatory pressure means the longer-term outlook remains uncertain. Terry Ellis, Director, Climate Transition Risk, and Alexander Griaznov, Director, Corporate Ratings at S&P Global Ratings, explore The metals sector has attracted significant attention for…