Operations & Finance US$13.5 trillion investment needed to decarbonise heavy industry Another US$11 trillion will also have to be spent by companies to retrofit existing assets with clean technologies. Melodie Michel 28 November 2023
Policy & Standards Global aviation body adopts 5% decarbonisation target to support SAF development All the sustainable aviation fuel produced in 2022 was bought, at a premium of US$500 million for the industry. Melodie Michel 27 November 2023
Operations & Finance UAE banks step up sustainability efforts ahead of COP28 in Dubai Growing sustainable financing goals signal that banks in the region are keen to support the world's net zero transition. Melodie Michel 27 November 2023
COP28 The three F’s of COP28 - Part 2: Finance COP28 policy incentives to mobilise private climate funding would be welcome as companies still struggle to balance short-term priorities with long-term sustainability goals. Melodie Michel 24 November 2023
Operations & Finance Investors managing US$11tn commit to lifting social and environmental standards in mining Members of the Mining 2030 Commission include representatives of communities affected by mining accidents. Melodie Michel 24 November 2023
Operations & Finance Telcos raise more than €1.3 billion in green bonds for energy efficiency Ericsson and Telefónica issuances suggest that appetite is strong for bonds linked to sustainability performance. Melodie Michel 23 November 2023
COP28 The three F’s of COP28 - Part 1: Fossil fuels For companies and CSOs, a COP28 agreement to phase out fossil fuels would lead to Scope 2 emissions reduction and strengthen the business case for investment in alternatives. Melodie Michel 22 November 2023
Carbon market UN one step closer to establishing global carbon market If new rules on project eligibility are adopted at COP28, this global carbon finance mechanism could finally start working next year. Melodie Michel 21 November 2023
Data and Technology Almost all investors think sustainability reports contain greenwashing To improve trust, investors would like to see sustainability reports assured by a third-party auditor. Melodie Michel 17 November 2023
Operations & Finance SEB sets emissions targets for truck manufacturers in its portfolio Chief Sustainability Officer Hans Beyer says the new target means three quarters of the bank’s financed emissions are now covered by its net zero strategy. Melodie Michel 16 November 2023