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million per year or more) to report their Scopes 1, 2, and 3 GHG emissions, identify and calculate their climate-related financial risks, have SBTi (Science Based Target Initiative) validated GHG reduction targets, and disclose through annual CDP (Carbon Disclosure Project) reporting. The earliest compliance date for CSDDD will be in 2027.
Shipping emissions will be added to the CO2 market for the first time from 2024, and a new EU carbon market covering emissions from fuels used in cars and buildings will launch in 2027. The rules will ban imports of coffee, beef, soy and other commodities if their supplychains are linked to deforestation.
The initiative has received support from CDP and Salesforce , among others, while an initial survey showed that four out of five consumers would trust and be more likely to buy products bearing the FCA label. Land & Nature AstraZeneca has announced a $400 million pledge to plant and maintain 200 million trees by 2030. and Europe.
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