Key Impact Points: CARB’s Grace Period Explained The California Air Resources Board (CARB) has issued an Enforcement Notice under the Climate Corporate Data Accountability Act (SB 253). This law mandates annual public disclosures of scope 1, 2, and 3 greenhouse gas emissions by U.S.-organized companies operating in California with annual
Key Impact Points: UNGC’s Sustainable Finance Report The United Nations Global Compact (UNGC) Network USA hosted a private event to celebrate the launch of its sustainable finance report, Driving Progress: Sustainable Finance for the Advancement of the SDGs. This report underscores the essential role that the U.S. private sector plays
Key Impact Points: AI’s Energy Demand: Four Scenarios Schneider Electric’s Sustainability Research Institute (SRI) released its first report, Artificial Intelligence and Electricity: A System Dynamics Approach, analyzing the electricity consumption of AI over the next decade. Rémi Paccou, SRI Director, and Prof. Fons Wijnhoven of the University of Twente, used
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
