Aneet Kumar, Author at EcoActive ESG

Aneet Kumar

117 articles published

EU Adopts Rules Requiring All New Buildings to Be Zero Emissions by 2030

NewsApril 12, 20242KViews 0Likes 0Comments

The European Council has formally adopted the revised Energy Performance of Buildings Directive (EPBD), setting forth stringent new regulations to reduce energy use and emissions across EU buildings. Mandating that all new buildings achieve zero emissions by 2030 and phasing out fossil fuel use in heating systems by 2040, the directive aligns with the EU's…

Embracing the Future: Understanding the Corporate Sustainability Due Diligence Directive (CSDDD) and Its Impact on Business

BlogsApril 11, 20244KViews 0Likes 0Comments

The Corporate Sustainability Due Diligence Directive (CSDDD) establishes a framework that mandates European Union companies to proactively conduct due diligence with respect to their environmental and human rights impacts. The objective of this directive is to integrate accountable and sustainable practices throughout worldwide supply chains into the strategic planning of corporations. Businesses must have a thorough…

EU Parliament Adopts Law to Establish Carbon Removal Certification System

NewsApril 11, 20241KViews 0Likes 0Comments

The European Parliament has voted to adopt a new law establishing a certification system for carbon removals, aiming to monitor, quantify, and verify the effectiveness of such initiatives while addressing the issue of greenwashing. The law, passed by a significant majority, is a key component of the EU's broader strategy under the European Green Deal…

Toyota Launches New $150 Million Climate Solutions Venture Fund

NewsApril 11, 20243KViews 0Likes 0Comments

Toyota Ventures, the venture capital arm of automotive giant Toyota, has announced the launch of the Toyota Ventures Climate Fund II (TVCF II), aimed at advancing startups that focus on climate and environmental sustainability solutions. This new fund follows the successful inaugural Toyota Ventures Climate Fund launched in 2021, which saw investments in 18 companies…

More than 40% of Public Companies Now Reporting on Scope 3 Emissions, but U.S. Lagging Far Behind: MSCI

NewsApril 10, 20242KViews 0Likes 0Comments

Public companies globally are making strides in disclosing their greenhouse gas emissions, with approximately 60% reporting direct Scope 1 and 2 emissions and over 40% disclosing some Scope 3 emissions, reveals the latest MSCI Net-Zero Tracker. This report assesses the climate progress of companies in the MSCI All Country World Investable Market Index using MSCI's…

SBTi to Allow Increased Role for Carbon Credits in Net Zero Targets

NewsApril 10, 20242KViews 0Likes 0Comments

The Science Based Targets initiative (SBTi) has announced an update to its Corporate Net-Zero Standard, expanding the use of environmental attribute certificates, such as emissions reduction credits, to address Scope 3 emissions. These indirect emissions, often representing over 90% of a company's total emissions and arising from activities like supply chain operations and product use,…

Maximizing Impact: Advanced Strategies for ESG Reporting in 2024

BlogsApril 9, 20243KViews 0Likes 0Comments

Environmental, Social, and Governance (ESG) reporting has evolved from a niche interest to a cornerstone of modern corporate strategy, reflecting a broader shift in global business practices towards sustainability and ethical governance. As consumers, investors, and regulatory bodies increasingly demand transparency and accountability, ESG reporting has become a vital tool for organizations to communicate their…

IKEA Funds $100M into Leapfrogging Partnership to Boost EV Transition in Emerging Markets

NewsApril 2, 20242KViews 0Likes 0Comments

In an ambitious move to transform urban mobility across emerging markets, Drive Electric announces the Leapfrogging Partnership, energized by a $100 million investment from the IKEA Foundation. This groundbreaking initiative aims to catalyze the transition to 100% zero-emission vehicles, addressing the disproportionate distribution of clean transportation benefits. With the globe's vehicle demand surge projected in…

Boston University report says China could drive Africa’s renewable energy revolution

NewsApril 2, 20241KViews 0Likes 0Comments

A new report by Boston University and the African Economic Research Consortium highlights China's pivotal role in Africa’s transition to renewable energy, contrasting its commitments to green energy with actual investments favoring fossil fuels. Despite being Africa's largest trading partner and making strides in infrastructure development, only 2% of Chinese loans to Africa's energy sector…

Streamlining Your Sustainability Goals: A Practical Guide to Choosing and Using Cutting-Edge ESG Reporting Tools in 2024

BlogsMarch 29, 20243KViews 0Likes 0Comments

In today's corporate world, sustainability is not a buzzword—it's a strategic imperative. Environmental, Social, and Governance (ESG) initiatives have shifted from optional to critical, driven by consumer demand, investor expectations, and regulatory requirements. Businesses are now evaluated not just on their financial performance but on their impact on the planet and society, as well as…

Nestlé Partners with The Global FoodBanking Network to Strengthen Food Access Support

NewsMarch 29, 20242KViews 0Likes 0Comments

Nestlé has joined forces with The Global FoodBanking Network (GFN) to combat hunger worldwide through a Memorandum of Understanding (MOU). This agreement signifies a deepened commitment between the two organizations to enhance food accessibility and support communities in need. By leveraging Nestlé's extensive global operations and GFN's network of community-rooted food banks, this partnership aims…

UN Report: Global Food Waste Tops 1 Billion Meals Daily, Amidst Rising Hunger

NewsMarch 29, 20241KViews 0Likes 0Comments

In a stark revelation, the UN Environment Programme (UNEP) reports that over 1 billion meals are discarded daily while 783 million individuals face hunger globally, spotlighting the pressing issue of food waste amidst rising food insecurity. The UNEP Food Waste Index Report 2024, crafted with WRAP, sheds light on the scale of food waste across…