Razan Al Mubarak, President of the International Union for Conservation of Nature (IUCN), has joined The Taskforce on Nature-related Financial Disclosures (TNFD) as Co-chair, alongside David Craig. She replaces Elizabeth Maruma Mrema, who stepped down from the role in March due to the “growing demands of her responsibilities” as Deputy Executive Secretary of the UN Environment Programme (UNEP), the taskforce…
Swiss Offers Cargo Customers Carbon Removal Through Climeworks
Swiss International Air Lines cargo division Swiss WorldCargo announced the launch of a new carbon removal offer, aimed at helping customers to reduce Scope 3 emissions by removing unavoidable emissions from the atmosphere, and to support scaling up net zero technology, through a collaboration with Direct Air Capture (DAC) carbon removal provider Climeworks. DAC technology, listed by the IEA as…
EU Invests Over $3 Billion in Clean Energy, Industrial Decarbonization Projects
The European Commission announced today investments of nearly €3 billion (USD$3.2 billion) in clean energy projects in lower-income member states, with the new disbursements funded by revenues from the EU Emissions Trading System (EU ETS). The new disbursements were made through the EU’s Modernisation Fund. Launched in 2018, with disbursements beginning in 2021, the fund was designed to support the…
Vattenfall Signs Deal for Green Cement with Cleantech Startup Cemvision
Sweden-based electricity and heat provider Vattenfall and low carbon cement startup Cemvision announced today a new agreement for the supply and development of cement with a reduced carbon footprint of as much as 95%. Building materials are a key source of global greenhouse gas emissions. Cement production, an ingredient in concrete, accounts for approximately 8% of global carbon dioxide emissions,…
ISSB Moves to Standardize Reporting on Climate Transition Plans, GHG Emissions
The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced today a series of moves aimed at harmonizing sustainability reporting requirements for companies, with a focus on areas including disclosure of corporate climate transition plans and the measurement of greenhouse gas (GHG) emissions across the value chain. Under the new initiative, forming part of the ISSB’s new two-year work plan, the…
Number of Companies with 1.5°C-Aligned Climate Transition Plans Jumps 44% in a Year: CDP
The number of companies reporting through research provider and environmental disclosure system CDP disclosing that they have a 1.5°C-aligned climate transition plan in place jumped by more than 40% over the past year, and more than 60% of reporting companies indicated that they have or plan to have such a plan in place within the next two years, according to…
ESG Today: Week in Review
This week in ESG news: Microsoft signs largest-ever carbon removal purchase deal; EU Council agrees on rules to fight greenwashing product claims; Bloomberg launches new CSRD sustainability data solution; H&M partners with industrial decarbonization startup to tackle supply chain emissions; Workiva launches carbon data management and reporting solution; EU adopts Nature Restoration Law; PwC study finds CSRD reporting preparation leading…