Several countries and automakers have called for reforms to the IRA, with opponents arguing that the EV credit could significantly disrupt the sector — and potentially violate free trade rules. In August, the Inflation Reduction Act (IRA) was signed into…
GRI reporting companies well prepared for new European Standards GRI has hailed the European Sustainability Reporting Standards (ESRS) as an important step towards implementing the Corporate Sustainability Reporting Directive (CSRD) and holding companies operating in the EU market accountable for…
Nestlé Waters will be the first company in Europe to benefit from the hydrogen fuel cell solution for massified rail freight. Developed by Alstom and ENGIE, it is estimated that this project will reduce emissions by 10,000 tons of CO2 equivalent per year in the long…
At the 2022 United Nations Climate Change Conference of the Parties (COP27), the United States launched the Net-Zero Government Initiative, inviting governments to lead by example and achieve net-zero emissions from national government operations by no later than 2050. During a…
Giant ice sheets, ocean currents and permafrost regions may already have passed point of irreversible change The climate crisis has driven the world to the brink of multiple “disastrous” tipping points, according to a major study. It shows five dangerous tipping…
Mandatory assurance of sustainability data is ‘only a matter of time’ The drive towards a comprehensive global system for sustainability reporting, which evenly addresses both impact and financial disclosure, will be a major instigator for mandatory auditing of sustainability information.…
The European Financial Reporting Advisory Group (EFRAG) on Tuesday approved the final version of the European Sustainability Reporting Standards (ESRS), which set out the rules and requirements for companies to report on sustainability-related impacts, opportunities and risks under the EU’s…
Credit ratings agency Fitch Ratings announced today the publication of Climate Vulnerability Scores for the retail sector, examining the exposure of companies in the sector to long-term low-carbon transition risks. The report identifies the apparel, and the durable goods and…
The European Union has agreed to impose gender quotas to ensure women have at least 40 per cent of seats on the boards of large companies. After a decade of deadlock on the topic, the proposal got new momentum this…