Lawmakers in the European Parliament and Council announced that they have reached a provisional agreement on new legislation that will result in a massive reduction in greenhouse gas (GHG) emissions from fluorinated gases (F-gases) and ozone-depleting substances (ODS). According to a statement by the European Commission welcoming the agreement, the proposed legislation would prevent nearly 500 million tonnes of GHG…
Lawmakers in the European Parliament voted 418-79 on Thursday to approve the adoption of a new European Green Bond (EuGB) label, aimed at fighting greenwashing and providing investors with confidence that their investments are being appropriately directed towards financing sustainable business activities and technologies. Under the new standard, companies issuing bonds under the voluntary EuGB designation will be required to…
ESG (Environmental, Social, and Governance) is a series of standards that are used to measure the impact that a business or organisation has on the environment and society. It also measures how accountable the business or organisation is for its actions, as well as how transparent it is.
Sustainability-focused investment manager Mirova announced the launch of Mirova Energy Transition 6 (MET6), a new investment fund focused on energy transition infrastructure, and supporting decarbonization in Europe. The launch follows Mirova’s announcement last year that its prior energy transition fund, MET 5 succeeded in raising €1.6 billion in less than 18 months, significantly surpassing the firm’s initial €1 billion target….
Technology, digital services, and consulting companyInfosys and Economist Group division Economist Impact, announced today the launch of the Value Chain Navigator (VCN), a new platformaimed at helping businesses understand and reduce their scope 3 value chain emissions. Scope 3 includes all indirect emissions that occur in the upstream and downstream activities of an organization’s value chain. These can include emissions…
By: John McCalla-Leacy, Head of Global ESG at KPMG The world is in flux. The climate crisis is now daily news and we’re witnesses to the damage inaction can cause to our planet. For business leaders, there is a growing in-tray – of risks and daily challenges. Geopolitical and economic uncertainties are impacting the ability of businesses to function and…