IBM announced that it has expanded the capabilities of its ESG data collection, analysis and reporting platform IBM Envizi, with features in the platform’s ESG Reporting Frameworks module aimed at helping organizations meet the reporting requirements of the EU’s Corporate Sustainability Reporting Directive (CSRD).  The CSRD, which began applying to some companies as of the beginning of 2024, will significantly expand…

The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced the publication of the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy), a new digital tool aimed at enabling investors to analyze sustainability-related financial disclosures based on the ISSB’s recently released sustainability and climate-related reporting standards. According to an IFRS statement announcing the new tool, the new Taxonomy “will enable investors to search,…

Physical climate risks are on the rise. However, progress on adaptation still varies, leaving some financial and non-financial corporates vulnerable. Paul Munday, Director and Global Climate Adaptation and Resilience Specialist at S&P Global Ratings, explains Extreme weather events and chronic physical climate risks are worsening globally. If mitigation efforts are not stepped up, by 2030, the number of climate-related disasters…

More than 4 out of 5 professionals involved in corporate reporting say that collecting accurate data to comply with the EU’s Corporate Sustainability Reporting Directive (CSRD) will be a challenge, yet most companies plan to align their reporting with the new regulation, even if they don’t need to, according to a new survey released by business data and reporting solutions…

Business and financial markets information service provider Bloomberg announced the launch of a new tool aimed at helping investors assess and screen portfolios, funds and indices based customized sustainability criteria and thresholds, available on the Bloomberg Terminal. According to Bloomberg, the new tool aims to help investors make investment decisions and meet regulatory compliance, amidst a diversification of sustainable investment…

U.S. utility-scale solar and storage renewable energy developer Pine Gate Renewables announced that it has raised $650, with proceeds supporting its clean energy infrastructure buildout. Founded in 2016, North Carolina-based Pine Gate develops, owns and operates utility scale solar and energy storage projects across the U.S. To date, the company has closed more than $7 billion in project financing and…

Honda announced that it plans to build a comprehensive EV value chain in Ontario, Canada, aimed at strengthening its EV supply system and capability to prepare for a future increase in EV demand in North America. The company said that it will stive to establish an EV value chain in Canada that includes that ranges from the procurement of raw…