Richard Gardiner, EU Public Policy Lead at the World Benchmarking Alliance, says CSDDD offers a rare opportunity to improve corporate human rights risk accountability. The EU’s recently approved Corporate Sustainability Due Diligence Directive (CSDDD) has the potential to systematically change the way corporations approach their human rights risks, both within their operations and supply chains. It will do this by…
Climate Risk Assessment Platform Climate X Raises $18 Million
Climate risk intelligence company Climate X announced today that it has raised $18 million in a Series A round, with proceeds aimed at accelerating its global expansion. Founded in 2020 by CEO Lukky Ahmed and COO Kamil Kluza, UK-headquartered Climate X provides solutions aimed at helping financial institutions price the impact of climate risk across their physical portfolios. The company’s…
Circular Economy Startup Samsara Eco Raises $65 Million to Scale Up “Infinite Recycling” Tech
Australian environmental technology startup Samsara Eco announced today that it has raised A$100 million (USD$65 million) in a new funding round. The company will use the funds to scale its enzymatic recycling capabilities, with new commercial facilities to be built in Southeast Asia in the next few years. Launched in 2021, Samsara Eco provides solutions aimed at eliminating plastic waste….
Bloomberg Launches Sustainability Management and Reporting Tools for Investors
Business and financial markets information service provider Bloomberg today announced the release of new tools within its portfolio and risk analytics solutions, “PORT,” aimed at helping investors measure, manage and report on the sustainability characteristics of investment portfolios. Key features of the new tools include the ability to access key ESG indicators mandated under the EU Sustainable Finance Disclosure Regulation…
BNP Paribas AM to Require Portfolio Companies to Integrate Climate into Executive Compensation
BNP Paribas Asset Management (BNPP AM) announced today a set of new expectations for companies as part of its 2024 Governance and Voting Policy, including a new requirement for companies to integrate climate-related criteria into executive compensation plans. The new policies were announced with the release of BNPP AM’s 2024 Annual General Meeting (AGM) season voting record. The firm revealed…
Guest Post: Without More Effective Data Solutions, the Climate Crisis Cannot be Solved
By: Matthieu Maurin, CEO, Iceberg Data Lab The corporate world is under increasing pressure to manage its carbon emissions and reduce its environmental impact. From agriculture to oil and gas, to transport, carbon emissions are damaging the air we breathe, the food we eat and the water we drink. For several years, experts have been warning us of the devastating…
Switzerland Proposes Major Expansion in Sustainability Reporting Requirements for Companies
The Swiss government announced the launch of a consultation on new proposals aimed at aligning its sustainability-related corporate governance rules with international systems, particularly the EU’s CSRD, including a proposal to expand sustainability reporting requirements for companies, and to significantly expand the number of companies covered by the mandatory reporting requirements. The new Swiss Federal Council proposals follow the launch…