Key Impact Points Fossil Fuel Influence and Business Silence For decades, fossil fuel companies have used lobbying, PR campaigns, and political donations to shape public opinion and block climate progress. Despite experiencing climate-related disruptions like supply chain shocks and natural disasters, the broader business community has largely remained on the
Key Impact Points: ISSB Recommendations to Guide UK Sustainability Reporting A UK committee established by the Department for Business and Trade (DBT) has confirmed that it will deliver final endorsement recommendations for local sustainability reporting standards (SRS) by December 20. The recommendations are based on the International Sustainability Standards Board
Key Takeaways: COP29 Marks a Strategic Shift for ESG Professionals COP29 has concluded, leaving ESG professionals with clear directives: the time for incremental efforts is over. The summit underscored that ESG is no longer optional but a vital component of corporate strategy in a rapidly changing global landscape. ESG Disclosure:
Mandatory ESG Reporting Gains Momentum The 2024 edition of KPMG’s Survey of Sustainability Reporting reveals a seismic shift in how businesses approach sustainability. Companies worldwide are actively preparing for mandatory ESG reporting, spurred by evolving regulations such as the EU’s Corporate Sustainability Reporting Directive (CSRD). KPMG’s survey shows a near-universal
Plastics Industry Faces Criticism for Blocking UN Global Plastics Treaty A new report by InfluenceMap highlights the fossil fuel and plastics industry’s strategic opposition to the UN Global Plastics Treaty, raising concerns about their influence on circular economy policies. United States Senator Sheldon Whitehouse framed the issue sharply “The plastics/fossil
Key Impact Points: Ad Agencies Under Fire for Climate Conflicts The world’s largest advertising agencies are facing scrutiny for their dual roles in promoting climate-friendly initiatives while maintaining lucrative contracts with fossil fuel companies. Major firms like WPP, Omnicom, and Publicis have been called out for conflicts of interest in
The $23 Trillion Problem Land degradation and droughts are intensifying, with droughts increasing by nearly 30% in frequency and intensity since 2000. According to the UN Convention to Combat Desertification (UNCCD), up to 40% of the world’s land is degraded, threatening agriculture, water security, biodiversity, and livelihoods. UNCCD warns that
Key Impact Points: This year has highlighted the urgent need for sustainability: record-high daily temperatures, rising sea levels, and rapidly warming oceans. Yet, there is hope as businesses and consumers increasingly prioritize sustainability. “This is an issue that almost everyone, everywhere can agree on,” says Achim Steiner, UNDP Administrator. During
Key Takeaways: Ethical Practices Shaping Supply Chains Ethical labor practices are reshaping the global business landscape, with companies emphasizing sustainability, fairness, and human rights. These approaches go beyond profits to prioritize workers, communities, and the planet. Here are 10 key practices: 10. Community Engagement Company: PatagoniaKey Leaders: CEO Ryan Gellert,
Key Impact Points: Nations Deadlock Over Plastic Pollution Treaty Negotiations for a United Nations-backed treaty to address plastic pollution concluded without agreement after a week-long summit in Busan, South Korea. Oil-producing nations, including Saudi Arabia and Russia, blocked attempts to limit plastic production, stalling progress on global climate action. Talks,
