Key Takeaways: HSBC Revises Net-Zero Ambition HSBC has officially postponed its goal of reaching net-zero emissions across its own operations, business travel, and supply chain from 2030 to 2050, according to its latest annual report. The U.K.-based banking giant—Europe’s largest by market capitalization, assets, and revenue—said it had “revisited [its]
Key Impact Points: Mars’ Commitment to Sustainable Rice Farming Mars is a proud sponsor of the ‘In Focus’ Zones at SOIL: The World at Our Feet, an exhibition at Somerset House running through April 13. The exhibition highlights the importance of soil to human life and planetary health. As part
Key Takeaways: A Transforming Policy Landscape 2025 marks a turning point for climate policy and sustainable finance. With the U.S. administration signaling significant changes in energy regulations, project permitting and environmental reviews could see major shifts. These changes, alongside evolving trade and industrial policies, will influence global climate negotiations at
Key Takeaways: CEOs Embrace AI and Climate Investments PwC’s 28th Annual Global CEO Survey, covering 4,701 executives worldwide, highlights that while some companies are rapidly integrating AI and sustainability efforts, others lag behind, risking long-term viability. “The future is already here—it’s just not evenly distributed,” author William Gibson once wrote.
Key Takeaways: AI’s Role in Real Estate Sustainability IBM’s Global Real Estate organization is actively integrating AI to optimize energy efficiency and asset management. Stacey Gifford, IBM GRE’s Environment and Sustainability Leader, highlighted AI’s role in predictive maintenance at Deloitte’s Climate Week NYC 2024. “We are now using enterprise asset
Key Impact Points: Google Expands Carbon Removal Investments Google announced it has committed over $100 million in carbon removal credits in 2024, significantly exceeding its initial pledge of $35 million. This investment supports a range of carbon removal technologies, including restoration of natural carbon sinks, ERW, biomass capture and biochar,
Key Impact Points: Driving Mars’ Sustainability Agenda Mars, Incorporated, maker of Pedigree, M&M’s, and Ben’s Original, has announced Alastair Child as its new Chief Sustainability Officer. Child, currently VP of Global Sustainability at Mars Snacking, will take charge on February 3, 2025, leading the company’s overarching sustainability strategy. Child will
Key Impact Points: Significant Shifts in ESG for 2025 Businesses in 2025 are predicted to undergo transformative changes in how they approach Environmental, Social, and Governance (ESG) initiatives. Companies are redefining sustainability, emphasizing material risks and opportunities, strengthening governance, and embedding ESG into core strategies. Prediction 1: ESG Label Evolves
Key Impact Points: The Global Shift to Mandatory ESG Reporting Mandatory ESG reporting is expanding worldwide, impacting organizations across sectors. While the EU’s CSRD is already in effect, Canada is gearing up to adopt its own standards. Businesses need detailed compliance roadmaps and audit committee oversight to meet the stringent
Originally posted on Skadden Publication I. ESG: 2024 Sees Greater Implementation in Europe and Increasing Divergence With the US In this article, we reflect on key trends in ESG over the second half of 2024 and look ahead at trends that may emerge in 2025. We analyze developments in the
