Policy & Standards New guidance available for ISSB-ESRS sustainability standards interoperability EFRAG is aiming to reduce complexity and fragmentation between different disclosure frameworks. Melodie Michel 07 May 2024
Operations & Finance 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. Melodie Michel 06 May 2024
People & Culture IBM names new Chief Sustainability Officer as Balta retires Christina Shim joined IBM at the end of 2021 to lead its sustainability software strategy. Melodie Michel 06 May 2024
CSO Futures Weekly 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... Melodie Michel 03 May 2024
Climate Targets Gap Inc. still seeking SBTi approval of net zero target after having ‘commitment removed’ The group has reduced Scope 1 and 2 emissions by 77% and Scope 3 emissions from purchased goods by 16% from a 2017 base year. Melodie Michel 03 May 2024
Sustainability Reports General Motors blames slow carbon intensity progress on demand for combustion vehicles GM's absolute Scope 3 emissions are down from the 2018 baseline but have been creeping up since 2021. Melodie Michel 02 May 2024
Policy & Standards Most companies plan to align sustainability reporting with CSRD "We’re seeing CSRD’s impact extend far beyond those subject to the regulation." Melodie Michel 01 May 2024
People & Culture QBE Insurance names new Group Head of Sustainability Nicola Schroder replaces Kate Lyons, who left the role in December 2023 after two years. Melodie Michel 01 May 2024
People & Culture Aviva poaches TNFD engagement head to lead its nature strategy Thomas Viegas will be tasked with developing the group’s nature strategy and associated activities. Melodie Michel 30 April 2024
climate resilience Critical minerals supply threatened by climate risk – even under low-emissions scenario “Even if global carbon emissions rapidly decrease, climate disruption poses a serious and growing threat to the world’s ability to produce essential commodities.” Melodie Michel 30 April 2024