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New Digital Taxonomy

Unlocking ESG Insights: ISSB Launches New Digital Taxonomy for Enhanced Financial Disclosure

BlogsMay 1, 202486Views0Likes0Comments
The International Sustainability Standards Board (ISSB) has introduced a groundbreaking tool that promises to transform sustainability reporting: the IFRS Sustainability Disclosure Taxonomy, also known as the ISSB Taxonomy. This innovative digital taxonomy is designed to help investors and other financial stakeholders efficiently analyze sustainability-related disclosures, significantly enhancing the transparency and comparability of financial data on…

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Sustainability Reporting Standards

EU Approves 2 Year Delay to Sustainability Reporting Standards for Specific Sectors and non-EU Companies

NewsApril 30, 202469Views0Likes0Comments
EU member states in the European Council have greenlit a directive deferring the adoption of standards for sector-specific sustainability disclosures and sustainability reporting from companies outside the EU under the Corporate Sustainability Reporting Directive (CSRD). This decision, which follows the European Parliament's earlier approval, finalizes the postponement of the European Sustainability Reporting Standards (ESRS) for…

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Greenwashing

EU Launches Greenwashing Action Against Airlines Over Emissions Offsetting Claims

NewsApril 30, 202478Views0Likes0Comments
The European Commission has initiated action against 20 airlines in collaboration with EU consumer authorities, targeting misleading greenwashing practices regarding CO2 emissions offsetting claims. Airlines have been urged to align their practices with EU consumer law or face potential enforcement actions, including sanctions. This move follows a complaint by the European Consumer Organisation (BEUC) and…

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ESG Reporting

The Role of Data Analytics in Elevating ESG Reporting and Performance

BlogsApril 29, 2024239Views0Likes0Comments
Environmental, Social, and Governance (ESG) reporting has become a cornerstone for companies committed to responsible business practices. By systematically reporting on ESG criteria, organizations can showcase their commitment to sustainable development, social responsibility, and ethical governance. This level of transparency is crucial for building trust with stakeholders and securing investor confidence. As ESG reporting becomes more…

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Report on Plastics Placed on Market

Canada to Require Plastic Producers to Track, Report on Plastics Placed on Market

NewsApril 26, 202498Views0Likes0Comments
The Canadian Government has unveiled its new Federal Plastics Registry, mandating plastic producers to report on the quantity and type of plastic they introduce into the Canadian market, aiming to track plastic throughout its lifecycle in the economy, from production to disposal. This initiative aligns with Canada’s zero plastic waste agenda, addressing the nation’s significant…

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Key Decarbonization Technologies

EU Parliament Approves New Law to Boost Manufacturing of Key Decarbonization Technologies

NewsApril 26, 2024107Views0Likes0Comments
Lawmakers in the European Parliament have overwhelmingly approved the Net-Zero Industry Act (NZIA), a pivotal legislation designed to bolster EU manufacturing of essential technologies vital for achieving Europe’s ambitious climate and energy objectives. The NZIA, proposed by the European Commission in March 2023 as part of its Green Deal Industrial Plan strategy, aims to enhance…

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IFRS-based Climate Disclosure

Hong Kong Exchange to Require IFRS-based Climate Disclosure Beginning 2025

NewsApril 25, 2024106Views0Likes0Comments
The Stock Exchange of Hong Kong has announced mandatory climate-related disclosure requirements for all listed companies, based on the International Sustainability Standards Board (ISSB) new reporting standards, with Scope 1 and 2 emissions disclosure starting from the 2025 reporting year. This decision follows a consultation launched last year, receiving broad support, and aligns with global…

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Human Rights Sustainability Due Diligence Law

EU Parliament Adopts Environmental, Human Rights Sustainability Due Diligence Law

NewsApril 24, 202497Views0Likes0Comments
After overcoming years of negotiation hurdles, the European Parliament has voted 374 to 235 to adopt the Corporate Sustainability Due Diligence Directive (CSDDD), marking a significant step towards mandating companies to address their negative impacts on human rights and the environment. This decision follows the rejection of an earlier version by member states in the…

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Waste-to-Clean Fuels

TotalEnergies, BlackRock’s Vanguard Renewables Launch Waste-to-Clean Fuels Joint Venture

NewsApril 24, 202487Views0Likes0Comments
Total Energies and Vanguard Renewables, a BlackRock portfolio company, have unveiled plans for a new joint venture focused on converting food biowaste into renewable natural gas (RNG) across the U.S. Leveraging Vanguard Renewables' expertise in anaerobic digestion and TotalEnergies' global experience in renewable gas assets, the partnership aims to develop 10 RNG projects within the…

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Anti-Greenwashing and Sustainability Disclosure

FCA Proposes Anti-Greenwashing and Sustainability Disclosure Rules for Portfolio Managers

NewsApril 24, 2024100Views0Likes0Comments
The Financial Conduct Authority (FCA) in the UK has unveiled a consultation on extending its Sustainability Disclosure Requirements (SDR) to portfolio managers, aiming to ensure investors can accurately assess the sustainability attributes of investment products and mitigate greenwashing risks. This initiative follows the FCA's introduction of SDR requirements for asset managers in November 2023, which…

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