Mining associations, representing nearly 100 companies, have launched a 60-day public consultation on the Consolidated Mining Standard Initiative, aimed at creating a unified ESG standard for the sector. Led by the Copper Mark, the Mining Association of Canada, and the International Council on Mining and Metals, the initiative seeks to simplify and broaden ESG standards…
Indonesia, Malaysia, and the European Union will jointly develop a practical guide to the EU Deforestation Regulation (EUDR) for smallholders by November, according to the Council of Palm Oil Producing Countries (CPOPC). This intergovernmental body, which includes major palm oil producers such as Indonesia, Malaysia, and Honduras, announced that the collaboration aims to support smallholders…
The European Securities and Markets Authority (ESMA) is reviewing new rules on naming sustainable investment funds after concerns were raised that they may limit funding for polluters seeking to decarbonize. The rules, effective Nov. 21, restrict funds labeled as "green" or "sustainable" from investing in high-pollution sectors like oil, gas, and coal.
Fund managers may need…
The European Securities and Markets Authority (ESMA) has released the 2024 EU Carbon Markets Report, detailing the performance of the EU Emissions Trading System (EU ETS).
Key Findings:
Prices: EU ETS prices have dropped in 2023 due to lower demand, falling gas prices, and increased supply for the REPowerEU plan.
Auctions: 10 participants bought…
Sustainability plays a key role in shaping the strategic directions and operational ways in today's world of business. The change is led by increased stakeholder, regulatory and environmental issues because of this global and social challenges which need to be taken care of urgently. For businesses, adopting sustainability means not just corporate responsibility but an…
A new report recently published indicates that up to 88% of investors are prioritizing ESG performance in companies before making any investment decisions. This significant shift underscores the looming significance of ESG (Environmental, Social, Governance) criteria in the sphere of corporates: as most businesses try to live up to stakeholder expectations for sustainability, ESG Key…
The rise in the importance of sustainability reporting is largely due to this: businesses and stakeholders acknowledging the need for transparent plus accountable ESG practices. This shift mirrors an awakening awareness of the reverberations that corporate activities have on our ecology and societies — a call for sustainable development.
Sustainability reporting standards help companies follow certain…
Sustainability is now more than ever, a crucial aspect of the corporate sphere as environmental consciousness takes root, and regulatory pressures grow larger. Carbon accounting appears in this light as one of the most important tools; it enables businesses to quantify, control, and decrease their greenhouse gas emissions by measuring them firsthand. Through an organized…
The International Sustainability Standards Board (ISSB) is important in the global sustainability community. To establish a standardized approach to sustainability-related disclosures that is universally applicable and consistent, the ISSB was founded to furnish organizations with transparent, consistent, and comparable standards. This endeavor is of the utmost importance in promoting accountability and transparency in corporate sustainability, allowing stakeholders to make…
The Taskforce on Nature-related Financial Disclosures (TNFD) is a critical framework for businesses in an era where environmental sustainability is no longer a choice but a necessity. The TNFD intends to offer a comprehensive framework for organizations to understand and mitigate their environmental effects, with a particular emphasis on biodiversity loss and deforestation. This framework…
Achieving high ESG (Environmental, Social, Governance) ratings is not merely a compliance requirement but a strategic imperative for modern businesses. Strong ESG performance not only bolsters a company's reputation but also contributes to long-term financial success by attracting investors, customers, and top talent. In an era where sustainable and ethical business practices are increasingly prioritized,…
Sustainability is a multifaceted concept that aims to maintain the quality of life for both present and future generations by balancing ecological, social, and economic requirements. It is a framework for making decisions that promote social equity, nurture economic viability, and respect the natural resources of our planet. To fully understand sustainability, it is necessary to…