Aneet Kumar, Author at EcoActive ESG

Aneet Kumar

115 articles published

The Metropolitan Transportation Authority approves New York’s Congestion Pricing Plan

NewsMarch 27, 2024126Views 0Likes 0Comments

The Metropolitan Transportation Authority (MTA) has taken a landmark step by establishing toll rates for New York City's Central Business District, marking a pivotal moment in the city's quest to implement congestion pricing. This decision, influenced by extensive public feedback, aims to alleviate traffic congestion, reduce pollution, and generate vital funds for public transit enhancements.…

ESMA Sets Out Rules for External Reviewers of EU Green Bonds

NewsMarch 26, 2024126Views 0Likes 0Comments

The European Securities and Markets Authority (ESMA) is enhancing the integrity of the EU Green Bond market through its recent consultation on Draft Regulatory Technical Standards (RTS) for the registration and supervision of external reviewers. Aimed at ensuring the reliable assessment of EU Green Bonds, ESMA's proposals set forth detailed criteria for evaluating the qualifications…

How to Prepare Your Business for CSRD Compliance in 2024

BlogsMarch 24, 2024149Views 0Likes 0Comments

The year 2024 marks the beginning of an important period of transformation in corporate sustainability reporting, which is mainly driven by the implementation of the Corporate Sustainability Reporting Directive (CSRD). This directive represents an important change from the standards established by the Non-Financial Reporting Directive (NFRD) in the past, emphasizing the growing significance assigned to…

Texas Schools Cut Ties with BlackRock in ESG Dispute, withdrawing $8.5 Billion

NewsMarch 21, 2024136Views 0Likes 0Comments

In a striking development, the Texas Permanent School Fund (PSF) is cutting ties with BlackRock, marking a significant moment in the ongoing debate over Environmental, Social, and Governance (ESG) investing. This decision to withdraw $8.5 billion managed by BlackRock stems from a disagreement regarding ESG practices, which the Texas State Board of Education perceives as…

Navigating the Future: UK’s Carbon Border Adjustment Mechanism Unveiled

NewsMarch 21, 2024144Views 0Likes 0Comments

The UK's upcoming Carbon Border Adjustment Mechanism (CBAM), set to launch in January 2027, heralds a significant shift towards aligning carbon costs across domestic and imported goods, aiming to level the playing field in international trade while addressing carbon leakage. This initiative, developed through comprehensive consultations led by HMRC and HMT, reflects the UK's commitment…

Biden-Harris Administration Sets Historic Pollution Standards for Cars

NewsMarch 21, 2024136Views 0Likes 0Comments

In a pivotal move for environmental and public health, the U.S. EPA has set forth historic pollution standards for vehicles spanning model years 2027 through 2032, aiming to significantly curb carbon emissions and societal costs. These robust standards are expected to prevent over 7 billion tons of carbon emissions, delivering $100 billion in annual societal…

Welcoming Dr. Kaushik Sridhar to the EcoActive Team: A New Era of Strategic ESG and Sustainability Advisory

Press ReleaseMarch 20, 2024203Views 0Likes 0Comments

EcoActive ESG is delighted to announce the addition of Dr. Kaushik Sridhar to our team as the Strategic Advisor for ESG & Sustainability. A renowned figure in the sustainability sector and the visionary founder of Orka Advisory, Dr. Sridhar's expertise and leadership are poised to significantly enhance our mission and capabilities in driving impactful, sustainable…

Dutch Court Rules KLM’s Sustainability Advertising Breached EU consumer law

NewsMarch 20, 2024175Views 0Likes 0Comments

In a landmark legal decision, the District Court of Amsterdam ruled that KLM's sustainability advertising, which portrayed flying as sustainable and claimed alignment with the Paris Agreement goals, breached EU consumer law due to its misleading nature. This historic ruling, prompted by legal action from environmental groups Fossielvrij and Reclame Fossielvrij, sets a significant precedent…

The Role of Technology in Simplifying CSRD Compliance

BlogsMarch 19, 2024248Views 0Likes 0Comments

The Corporate Sustainability Reporting Directive (CSRD) is poised to revolutionize sustainability reporting in the EU. While its ambition is admirable, for many companies, the prospect of CSRD compliance can feel daunting. Technology is emerging as a powerful ally, streamlining the process and turning a potential burden into a strategic advantage. This blog delves into the transformative…

Germany on Track to Reach 2030 Climate Targets, Government Says

NewsMarch 18, 2024130Views 0Likes 0Comments

In a notable announcement, the German government expressed confidence in achieving its ambitious 2030 climate goals. Economics and Climate Action Minister Robert Habeck highlighted new data from the German Environment Agency (UBA), indicating that Germany is on track to reduce greenhouse gas emissions by nearly 64% compared to 1990 levels, aligning closely with the Climate…

The Financial Impact of CSRD: What CFOs Need to Know

BlogsMarch 15, 2024193Views 0Likes 0Comments

In the ever-evolving area of corporate governance and sustainability, the introduction of the Corporate Sustainability Reporting Directive (CSRD) represents a significant achievement. The CSRD, which is scheduled to be implemented in 2024, seeks to improve the benchmark for sustainability reporting throughout the European Union. This represents an important shift from the previous Non-Financial Reporting Directive…

The Ultimate Guide to CSRD Compliance for 2024: What You Need to Know

BlogsMarch 12, 2024278Views 0Likes 0Comments

With the growing awareness among businesses regarding the crucial impact that sustainability has on their operations, reputation, and financial performance, the implementation of the Corporate Sustainability Reporting Directive (CSRD) represents a significant leap in the progression of corporate responsibility. The CSRD, which is poised to substantially transform the sustainability reporting framework in the European Union,…