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Moving towards greater alignment with the ISSB Standards, CDL worked with external consultants to enhance its double materiality approach, evaluating both financial and impact materiality in 2024. The Group identified several SROs with potential financial implications on its business.
The companies have all committed to begin the adoption of adopting the TNFD recommendations and to publish TNFD-aligned disclosures as part of their annual corporate reporting for fiscal years 2024 or 2025. trillion in assets under management, and including 25% of the world’s systemically important banks (GSIBs).
By: Sherry Madera, CEO of CDP Europe is at a crossroads. New analysis from CDP reveals that of the 11,000 companies that reported environmental data through the full 2024CDP questionnaire, 83% (9,181 companies) would have met the original CSRD requirements. European companies disclosing through CDP have identified 3.47
Deutsche Bank announced the publication of its initial Transition Plan, outlining the bank’s methodologies, targets and achievements on its path to net-zero by 2050, across its own operations and supply chain, as well as financed emissions. This will allow us to continuously refine our own Transition Plan.”
LAUSANNE, Switzerland, February 20, 2024 /3BL/ - Tetra Pak has been recognised for leadership in corporate transparency and performance on forests by global environmental non-profit CDP, securing a place on its annual ‘A List’. World Bank, Washington, DC. This has never been more crucial.” How are companies scored?
Each of the companies have pledged to begin providing TNFD-aligned disclosures as part of their annual corporate reporting for either the 2023, 2024 or 2025 fisal years. Asset managers joining the commitment included Norges Bank Investment Management (NBIM), the investment manager for Norway’s $1.4 trillion oil fund.
Originally published on bloomberg.com Green finance regulatory developments The 2023 United Nations Climate Change Conference (COP28) galvanized the energy around the global green finance agenda, setting the stage for a busy 2024 of green-related rulemaking and policy guidance for the financial services sector.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Lululemon Launches its First Products with Nylon From Plants Instead of Fossil Fuels Holcim Launches Circular Construction Platform Starbucks Certifies Over 3,500 Locations as “Greener Stores” H2 Green Steel Announces (..)
Moving towards greater alignment with the ISSB Standards, CDL worked with external consultants to enhance its double materiality approach, evaluating both financial and impact materiality in 2024. The Group identified several SROs with potential financial implications on its business.
Standardising nature data Non-profit disclosure platform CDP has declared its intent to align with the TNFD framework, signalling a significant expansion of its purview, which previously focused on climate, deforestation, and water security, but is broadening to encompass biodiversity and plastic pollution.
TOLEDO, Ohio, March 19, 2024 /3BL/ - Owens Corning (NYSE: OC) today published its 2023 Sustainability Report, Making the Difference , outlining the company’s progress toward its 2030 sustainability goals. The report was prepared in accordance with the Global Reporting Initiative (GRI) Standards.
For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions.
UK-based Scottish Widows – a life insurance and pensions company owned by Lloyds Banking Group – has highlighted its high degree of exposure to water-related risks in a new report on the nature impacts and dependencies in its funds. CDP rates corporate water-related risks at a minimum of US$225 billion.
The World Bank previously estimated that nature loss could result in a decline in global GDP of US$2.7 ” Nicolette Bartlett, Chief Impact Officer at disclosure platform CDP, says the plans need to reflect the ability of governments to create an “enabling environment” to entice private sector investment. trillion annually by 2030.
Just one year ago, a European Central Bank report, which addressed how the European banking sector manages climate and environmental risks, found that most banks do not have concrete plans to start preparing for climate change. The question is: How soon will this change? Changing ESG Landscapes. EU TAXONOMY (Effective Jan.
EU supervisors, including the European Central Bank and European Securities and Markets Authority , supported this simplified mandatory standard for SMEs. . The delay means that all in-scope companies will be required to disclose in line with the new rules as of 2024, publishing their reports in 2025. .
Three areas in which we expect to see the greatest gains in 2024: predictive supply chain mapping; traceability; and Scope 3 emissions tracking. This data can be verified against global standards, such as ISO 14064 and AA1000, and approved by schemes such as CDP, an independent not-for-profit organisation that runs a global disclosure system.
Net Zero Economy In Canada this week, the financial industry regulator published a set of guidelines for banks, insurance companies and other regulated firms that will help them assess and disclose climate risks. US-based manufacturer Bank Australia – Australian banks Ficosa International, S.A.
ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including GRI, Sustainalytics, ISS ESG, CDP, Diginex, Esgaia and Normative. . GRI 12 will come into effect for reporting from January 2024. . ESG and corporate governance research, ratings and analytics firm Sustainalytics ?
With the EU’s Corporate Sustainable Reporting Directive set to apply to large companies initially from 2024, EFRAG will hone its resources on creating a user-friendly and comprehensive documentation hub and facilitating educational initiatives for business. US-based software company Toyo Seikan Group Holdings, Ltd.
This database was first compiled by the Climate Accountability Institute back in 2013 and is kept up to date through collaboration with disclosure platform CDP today. To this end, the Carbon Majors Database tracks the emissions of the top 100 oil, gas and coal mining groups. Less green over time. which recorded an 85% fall.
Save Tomorrow’ campaign, co-chaired by the Barbados Prime Minister Mia Mottley, calls for the World Bank and wealthy countries to speed up pledges to mobilize climate finance ahead of a conference on the topic hosted by France in June. The ‘Power Our Planet: Act Today.
Goldman Sachs ‘s and Deutsche Bank’s DWS) for exaggerating claims about their products’ sustainability credentials. Moreover, companies will use voluntary frameworks and surveys such as GRI, SASB, CDP, UNGC, and Ecovadis to answer requests from customers, investors and other stakeholders.
Million Exec Moves Caterpillar Appoints George Moubayed as Chief Sustainability Officer Reports, Surveys & Studies Climate Tech Investment Falls in Tough Market, But Hits Record Share of VC and PE Funding: PwC 80 Million Kilometers of Grid Investment Needed by 2040 to Meet Global Climate Goals: IEA
With the addition of the new tools created in partnership with Normative, CDP, BSR and the University of Cambridge Institute for Sustainability Leadership, the SME Climate Hub will be able to better enable SMEs to make strategic and impactful emissions reductions, track their progress, and demonstrate climate leadership.
The deal, following a similar order for 126 trucks in the US, will see the first Volvo FH Electric trucks delivered by the end of this year, with the rest to follow in early 2024. “We
A new report from the Asian Development Bank has found that the benefits of transitioning to net zero greenhouse gas emissions for countries in developing Asia would outweigh the costs fivefold, if effective policies are implemented. The measures are predicted to result in $26.6
Flooding in the aftermath of Hurricane Helene, which hit in September 2024, destroyed or damaged more than 250,000 homes across 39 counties in Western North Carolina with economic impacts reaching $53 billion. commercial bank, Truist has leading market share in many of the high-growth markets across the country. CHARLOTTE, N.C.,
Non-profit environmental reporting platform CDP rates corporate water-related risks at a minimum of US$225 billion, with the potential financial impact of water risks to businesses estimated to be more than five times higher than the cost of addressing them. billion) for data centres alone.
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