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U.S. SEC waters down its climate reporting rule under legal threats 

Corporate Knights

When fully in place in 2026, the rule will require large, publicly listed companies to disclose their Scope 1 and Scope 2 greenhouse gas emissions from their direct operations and energy use if the emissions are sizeable enough to represent a material financial risk to the company. Sustainable Investment Forum, in a statement.

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Health Tech in 2022

3BL Media

billion by 2026. So, you can see how advances in healthcare technology drive a virtuous cycle in the economy. In short, Abbott’s technology can help people live longer, more productive lives — to the benefit of all of us who participate in the global economy. Key to health tech are connected medical devices.

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Barclays Ends Direct Financing for New Oil and Gas Projects

ESG Today

As the number two ranked clean energy advisor globally by BloombergNEF, Barclays is strongly positioned with our capabilities and experience, global reach and role in the global economy to accelerate the investment needed for real-world decarbonisation, while supporting our energy clients’ transition.”

Banking 101
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Hydrogen Century

Chris Hall

Due to come to life in 2026, the NEOM Green Hydrogen Company (NGHC) is tabled to become the world’s largest green hydrogen-based ammonia production facility, running on renewable energy. Part of the reason for the rising demand for hydrogen is the range of applications as an energy source for sectors and processes that are hard to electrify.

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GHG Accounting and Science-Based Target Setting for Financial Institutions and Private Equity

Sphera

To decarbonize the global economy in alignment with the goals established by the Paris Agreement, all economic actors in the real economy need to reduce their greenhouse gas (GHG) emissions sufficiently to align with required emissions pathways. From 2026, this will apply for all sectors.).

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TPT Framework “Complements and Builds” on ISSB Standards

Chris Hall

The first reporting would begin from 2026. These new requirements are anticipated to come into force for accounting periods from January 2025. In 2023, the UK government committed to consulting on introducing requirements also for the UK’s largest companies to disclose their transition plans if they have them.

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Biodiversity Gains Ground

Chris Hall

The launch of GRI 101 also responds to some alarming reports, with the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services having recently warned that biodiversity was declining in every region globally, while the World Economic Forum reported that 50% of the global economy was under threat due to biodiversity loss.