EU Delays Deforestation Law Amid Global Pressure and Internal Challenges The European Union has postponed the enforcement of its ambitious deforestation law until the end of 2025, succumbing to extensive global and internal pressures. Originally set to enforce stringent measures to curb global deforestation effectively by the end of the
Deepening Decarbonization Decarbonization is the top priority to reverse the climate crisis’s critical momentum. Companies must develop clear transition plans and compelling narratives that demonstrate how they’ll deliver value and resilience through decarbonizing their businesses. “Transition planning is not a disclosure exercise but an innovation challenge,” emphasizing the need for
Key Impact Points: The United Nations Global Compact concluded its 2024 SDG Investment Forum in New York, rallying leaders from business, finance, government, and civil society to accelerate private capital mobilization for the Sustainable Development Goals (SDGs). Launch of Groundbreaking Report During the forum, the UN Global Compact launched the
Key Impact Points: The leaders of Saudi Arabia, Colombia, and Azerbaijan are calling for a unified global response to tackle climate change, biodiversity loss, and land degradation. The nations, set to preside over key UN environmental conventions, introduced the Rio Trio Initiative during the UN General Assembly. The initiative emphasizes
Key Points: Surge in Climate Investments According to the CREO Syndicate, climate finance has experienced remarkable growth. From 2020 to 2022, annual global climate finance flows doubled to $1.4 trillion, representing 1% of global GDP. To achieve net-zero emissions by mid-century, these investments need to multiply, targeting an average of
Key Impact Points: Leaders of small island nations gathered at the United Nations General Assembly on Wednesday, issuing a unified plea for urgent global action to combat the climate crisis. They stressed that their countries are on the frontlines of climate change and that the international community must move beyond
Key Impact Points: The UN Global Compact Leaders Summit 2024 concluded in New York, highlighting the urgent need for the private sector to intensify efforts toward achieving the Sustainable Development Goals (SDGs) by 2030. Emphasis on Private Capital’s Role Sanda Ojiambo, CEO and Executive Director of the UN Global Compact,
The world’s largest sportfishing yacht, Special One, is set to make waves at the Monaco Yacht Show this week. Built by Royal Huisman and designed by Vripack, this 171-foot “sportfisher on steroids” not only represents the pinnacle of marine design but also a significant step toward sustainability. Running on Hydrotreated
Acknowledging Small Island Leadership “Thank you for showing leadership… by adamantly calling for improvement, change and awareness of climate change,” said European Commission President Ursula von der Leyen at the Association of Small Island States Leaders’ Meeting. Small island states face the stark realities of a warming planet, making their
Key Impact Points: Monday, 23 September marks a historic moment as world leaders have officially adopted the Pact for the Future, which includes the Global Digital Compact and a Declaration on Future Generations. This milestone is seen as the most wide-ranging international agreement in recent decades, addressing new areas and
