September’s edition of the Policy Digest features key regulatory developments surrounding the global baselines set by the EU Corporate Sustainable Reporting Directive (CSRD) and the International Sustainability Standards Board (ISSB) Standards. In the EU, the European Financial Reporting Advisory Group (EFRAG) has finalised the format and presentation of sustainability statements with the XBRL taxonomy for the first set of European…
Siemens Launches Building Decarbonization Modelling and Optimization Solution
Siemens Financial Services (SFS) announced the launch of the Decarbonization Business Optimizer (DBO), a new cloud-based tool aimed at assisting building managers, construction firms, and others in the industry in their efforts to decarbonize buildings. The new solution is a free, digital web tool that, the company says, will provide information on decarbonization processes, and includes mechanisms for modeling and…
FTSE Russell Launches New Climate Transition-Focused Fixed Income Indices
Index provider FTSE Russell announced today the launch of two new fixed income indices, including the FTSE Fixed Income TPI Climate Transition Index Series and the FTSE Fixed Income TPI Focused Glidepath Index Series, aimed at supporting investors in meeting their climate commitments. According to FTSE Russell, the launch of the new indices comes amid growing demand from investors growing…
Microsoft Signs Deal with UNDO to Capture CO2 Using Rocks and Soil
Microsoft announced a new purchase agreement with enhanced rock weathering (ERW)-focused carbon removal project developer UNDO, for the permanent removal of 15,000 tonnes of CO2 from the atmosphere using rocks and soil. Founded in 2022, London-based UNDO develops carbon removal projects based on enhanced rock weathering. The company’s technology accelerates the natural geological process of weathering by spreading crushed silicate…
Real Estate ESG Data Provider Measurabl Appoints Maureen Waters as President
San Diego-based Measurabl, a real estate-focused ESG data technology provider, announced the promotion of Maureen Waters to the newly created role of President. Previously, Waters was the company’s Chief Growth Officer. Founded in 2013, San Diego-based Measurabl provides a data management platform enabling commercial, residential and corporate real estate owners and asset managers to measure, manage, and report ESG data….
Day 3 of New York Climate Week
Hey everyone! Luke (CCO) here writing about New York Climate Week! Entering the third day here in New York, we started off listening to two juxtaposing sentiments – there are countless tech solutions available to public and private enterprises today, to get going with decarbonisation. This means focusing on the type of power you are using for your own operations and…
EU Commission Proposes Carbon Footprint Labels for Flights
The European Commission announced today the launch of a consultation on a new proposed EU Flight Emissions Label (FEL), an initiative which aims to provide passengers with information about their flight’s carbon footprint. The FEL forms part of the EU’s RefeulEU Aviation regulations, adopted last year and aimed at decarbonizing aviation. Under the initiative, passengers will be able to see…
U.S. Boards Deprioritizing ESG, with Most Saying it’s Not the Same as Sustainability: PwC Survey
Corporate boards have been seeing a declining focus on ESG issues, with slightly less than half including ESG as part of their regular agenda, as most directors report ambiguity into the meaning of ESG, many viewing it as a charged term, and less than one in ten agreeing that ESG means the same thing as sustainability, according to the new…
Italy Launches Greenwashing Investigation into Shein Environmental Claims
The Italian Competition Authority announced that it has launched a investigation into global fashion online retailer Shein’s website operator Infinite Styles Services Co over possibly misleading advertising claims made on the site regarding the environmental sustainability of Shein branded clothing. According to the regulator, the investigation is focused on the possible misleading nature of environmental claims in several sections of…