BTG Pactual Timberland Investment Group (TIG) and Microsoft announced today that they have signed a large-scale, long-term nature-based carbon removal agreement, with Microsoft purchasing 8 million tons of carbon removal credits through 2043 generated through TIG’s reforestation and restoration strategy in Latin America. According to the companies, the agreement marks the largest known carbon dioxide removal credit transaction to date,…
By: Maria Patschke, CEO of ESG Solutions, SAP Fioneer In today’s rapidly evolving landscape of Environmental, Social, and Governance (ESG) reporting, organisations face a myriad of challenges. With increasing regulatory oversight and the introduction of new directives such as the Corporate Sustainability Reporting Directive (CSRD), companies are under more pressure than ever to produce comprehensive and accurate ESG reports. These…
Approximately three quarters of companies preparing to report under the EU’s Corporate Sustainability Reporting Directive (CSRD) say that they are increasing the integration of sustainability into their decision-making processes, and many are also reporting a wide range of benefits, ranging to improved environmental performance to revenue growth, from sustainability reporting, according to a new survey by global professional services firm…
Tokyo-based banking and financial services company Mizuho Financial Group and global wealth and asset manager Lombard Odier announced the launch of a new “sustainability alliance,” including agreements to partner on sustainable investment products and solutions for Japan-based clients. The new collaboration follows the launch last year by Mizuho and Lombard Odier of a private banking-focused Strategic Alliance Agreement, and, according…
The European Council today announced today that it has reached an agreement on a series of proposals aimed at protecting consumers from greenwashing, setting requirements for companies to substantiate and verify claims and labels regarding the environmental attributes of products and services. The agreement establishes the Council’s position for negotiation with the EU Parliament on the European Commission’s Green Claims…
Sustainable solutions provider RSK Group announced today that it has raised £500 million through a preferred equity investment, aimed at supporting the company’s ambitious growth plans, including both organic and inorganic opportunities. Founded in 1989 by CEO Alan Ryder, UK-based RSK provides environmental consulting and engineering solutions to clients across water, energy, construction and infrastructure sectors, aimed at helping companies…
Member states in the European Council voted today to approve the long-contested Nature Restoration Law, a key piece of legislation aimed at protecting and restoring natural ecosystems, and creating a mandated target for EU countries implement measures to restore at least 20% of the EU’s land and sea areas by 2030, after a last-minute decision by Austria to drop its…