Key Impact Points: Coalition Targets Luxury Air Travel to Fund Climate Action Eight nations—France, Spain, Kenya, Barbados, Somalia, Benin, Sierra Leone, and Antigua & Barbuda—have formed a new coalition to introduce levies on premium air travel and private jets to generate new, debt-free financing for global climate adaptation. The plan
Key Impact Points: ISSB Launches Major Revisions to Align SASB and IFRS S2 Guidance The International Sustainability Standards Board (ISSB) today released two exposure drafts proposing updates to the SASB Standards and related changes to the IFRS S2 Industry-based Guidance. These amendments mark a pivotal step in aligning industry-based sustainability
Key Impact Points Google has released its 10th annual Environmental Report, detailing how the company is navigating the energy-intensive rise of AI while scaling real-world environmental solutions. The 2025 report is centered on three core themes: energy, AI, and resilience—each tied to Google’s “climate moonshots” of achieving 24/7 carbon-free energy
Key Impact Points: Groundbreaking Guidance for the Insurance Sector As part of London Climate Action Week, the UNEP Principles for Sustainable Insurance (PSI) Working Group for Nature unveiled a foundational report titled Rooted in Risk: Framing nature-related assessments for insurers. This marks the first release in a new series aimed
Key Impact Points: Microsoft Deepens Climate Commitment Through Landmark Forest Carbon Deal Anew Climate and Aurora Sustainable Lands have entered into a 10-year agreement with Microsoft to deliver 4.8 million nature-based carbon removal credits—a major investment in U.S. forest conservation and carbon sequestration. “This agreement sets a new standard for
Key Impact Points: GRI Introduces Climate Change and Energy Standards to Drive Action The Global Reporting Initiative (GRI) has released its Climate Change and Energy Standards—GRI 102 and GRI 103—to enhance corporate accountability on climate impacts and provide globally aligned, decision-useful disclosure tools. Announced during London Climate Action Week, the
Key Impact Points: Microsoft Commits to Long-Term Soil Carbon Removals in Landmark Agoro Carbon Deal Agoro Carbon has secured a 12-year offtake agreement to deliver 2.6 million soil-based carbon removal credits to Microsoft — one of the most substantial agriculture-driven carbon removal deals to date. “This agreement with Microsoft is
“It is clear that climate risk is financial and operational risk, and the extent to which businesses, governments, and investors understand that risk will determine their ability to address it.” — Kristina Wyatt Kristina Wyatt, Chief Sustainability Officer at Persefoni, is helping reshape how global companies confront climate risk —
Key Impact Points: ECB Introduces Nature Exposure Metric in Climate Reporting The European Central Bank (ECB) has released its third climate-related financial disclosure, introducing a new indicator that evaluates how ECB and Eurosystem corporate portfolios depend on or impact nature. This marks a significant step in aligning climate and biodiversity
Key Impact Points: Norway’s Historic CCS Breakthrough Norway has officially launched Longship, the world’s first complete carbon capture and storage (CCS) value chain – from industrial capture to permanent seabed storage. The milestone project is Europe’s first at this scale and is supported by NOK 22 billion in state funding,
