CSO Futures Weekly: The devil in the details
Peaking power sector emissions, Paypal's rising crypto footprint and a growing bet on carbon capture and storage...
Electricity emissions may have peaked in 2023
Renewable energy, including solar, wind and hydro, made up a record 30% of the world’s energy mix last year.
Germany’s development bank KfW names new Chief Sustainability Officer
Jürgen Kern joined the bank in 2007 and was most recently Director of Corporate Strategy and Sustainability.
Paypal’s crypto emissions now make up more than 15% of its carbon footprint
The crypto assets held by Paypal on behalf of its customers more than doubled between 2022 and 2023, reaching US$1.2 billion.
Microsoft signs historic carbon capture deal to remove 3 million tonnes of CO2
Tech giant is betting heavily on carbon removals to achieve carbon negativity.
TotalEnergies and Sinopec to collaborate on low-carbon energy
TotalEnergies invested about US$5.9 billion in low-carbon energies and almost US$11 billion in oil and gas in 2023.
New guidance available for ISSB-ESRS sustainability standards interoperability
EFRAG is aiming to reduce complexity and fragmentation between different disclosure frameworks.
Global banks under pressure to set more specific sustainable finance targets
To meet the world’s net zero targets, the ratio of green to fossil fuel financing should reach a minimum of 4:1 by 2030.
IBM names new Chief Sustainability Officer as Balta retires
Christina Shim joined IBM at the end of 2021 to lead its sustainability software strategy.
CSO Futures Weekly: Adaptation will be crucial to achieve necessary battery storage capacity
Energy storage needs may be threatened by climate risk, Gap Inc. and General Motors provide climate updates and insurers shake up sustainability governance...