Instead of viewing sustainability regulations as a mandatory task, companies should see them as an opportunity to innovate and grow. This is the perspective shared by Michael Wagemans from KPMG and Valérie Siegler from Spadel. When Stephen Elop took over Nokia in 2010, he gave a staff speech that went
Adapting to New ESG Reporting Requirements Companies worldwide are striving to meet net-zero and other sustainability goals amidst a rapidly changing regulatory environment. Key regulations include the EU’s Corporate Sustainability Reporting Directive (CSRD), the US SEC’s Climate-Related Disclosures (CRDs), and standards from the International Sustainability Standards Board (ISSB). Key Regulatory
Key Impact Points: Seventh Generation, known for its bio-based household products, uncovered a significant environmental impact: its cash on the balance sheet generated 9,000 metric tons of CO2 annually. This discovery prompted a deeper look into the company’s financial practices, revealing that its banks’ activities produced more emissions than the
Key Impact Points: Australia’s Federal Government has unveiled its Sustainable Finance Roadmap, positioning the nation as a global leader in sustainable finance. This strategic plan aligns with Australia’s commitments under the Paris Agreement and aims to embed sustainability within the core of financial systems. Major Initiatives “The Roadmap is a
Key Impact Points: Amazon has taken a significant step by sidestepping a global standard for verifying carbon offsets, opting to back a new standard called ‘Abacus.’ This move aims to address the lack of quality-labeled offsets and help Amazon meet its 2040 net-zero emissions target. Critics, however, fear this could
Key Impact Points: Feeding America, the nation’s largest hunger-relief organization, has launched an ambitious Food Rescue Challenge to secure 5 billion pounds of rescued food annually, an increase of 1 billion pounds from current efforts. This initiative addresses the urgent need for food in the U.S., where 44 million people,
Key Impact Points: A new World Economic Forum report, in collaboration with Boston Consulting Group, outlines 11 strategies to reduce building emissions by 80% and unlock $1.8 trillion in global market opportunities by 2030. This comprehensive roadmap aims to transform the global building sector, addressing climate change and protecting biodiversity.
Key Impact Points: Law Firms Intensify Climate Efforts As global temperatures rise, major law firms are ramping up their efforts to combat climate change. A growing number of firms are now integrating climate resilience into their core strategies, providing legal solutions to support sustainable practices and mitigate environmental impacts. Innovative
To avoid the worst of climate change, the scientific consensus is that greenhouse gas emissions must reach net zero by 2050. Many financial institutions have stepped up to the challenge. Here’s what they’ve discovered about what it takes to drive real-world change. Financial institutions face increasingly high expectations for progress
The Caribbean Community (CARICOM) is set to receive exclusive 50th-anniversary rum blends from thirteen members of the West Indies Rum and Spirits Producers Association (WIRSPA). These rum producers are planning to present their special blends to the governments of CARICOM Member States throughout June, as part of the year-long celebration
