Standards & FrameworksOnly 7% of companies and financial institutions assessed their dependencies on biodiversity as of 2023, despite the Global Biodiversity Framework requiring all businesses to disclose and reduce biodiv…
12 Dec 2024
Standards & FrameworksGlobal technology company Lenovo reported a 98% CDP supplier response rate in 2024, placing it among the top 5% of companies worldwide in supplier climate engagement. The company's tiered supplier emi…
12 Dec 2024
Standards & FrameworksIn 2024, 83% of companies disclosing through CDP — representing more than half of global market capitalisation — reported on the vast majority of IFRS S2-aligned questions, positioning them strongly f…
12 Dec 2024
Standards & FrameworksThe European Parliament has adopted the EU Corporate Sustainability Due Diligence Directive (CSDDD), requiring approximately 5,500 companies to implement due diligence processes for human rights and e…
12 Dec 2024
Standards & FrameworksThe Partnership for Carbon Accounting Financials and CDP have co-authored a joint paper on data quality in financed emissions measurement, part of an initiative to align their respective scoring syste…
12 Dec 2024
Standards & FrameworksDanish offshore wind company Ørsted developed sustainability statements aligned with the European Sustainability Reporting Standards in its 2023 annual report, one year before the mandatory CSRD deadl…
12 Dec 2024
Standards & FrameworksCDP and the Partnership for Carbon Accounting Financials have aligned their reporting frameworks for the 2024 disclosure cycle, simplifying how financial institutions measure and disclose emissions as…
12 Dec 2024
Standards & FrameworksThe Taskforce for Nature-related Financial Disclosures published its recommended disclosure framework in September 2023, providing companies with a structured approach to assess and report impacts acr…
12 Dec 2024
Standards & FrameworksEFRAG and CDP announced a cooperation agreement on 8 November 2023 to accelerate market uptake of the European Sustainability Reporting Standards adopted by the European Commission on 31 July 2023. Th…
12 Dec 2024
Standards & FrameworksChemical giant BASF, one of Europe's largest industrial companies, is navigating the European Sustainability Reporting Standards ahead of mandatory compliance, citing the sheer volume of quantitative …
12 Dec 2024
Standards & FrameworksStandard Chartered provided debt funding to carbon removal developer UNDO, a structure rarely used in the sector and paired with a 4,000-tonne British Airways credit purchase facilitated by CUR8. The …
15 Sept 2024
Standards & FrameworksThe Greenhouse Gas Protocol named Professor Alexander Bassen of the University of Hamburg as the inaugural Chair of its new Independent Standards Board, the body overseeing the update of the Corporate…
1 Sept 2024
Standards & FrameworksThe Integrity Council for the Voluntary Carbon Market called on the Science Based Targets initiative to accelerate its process for providing companies with clarity on Scope 3 emissions and the role of…
15 Aug 2024
Standards & FrameworksThe number of companies with Science Based Targets initiative-validated emission reduction targets exceeded 6,000 in August 2024, marking a milestone for corporate climate action. Net-zero targets wit…
30 Jul 2024
Standards & FrameworksThe Science Based Targets initiative published a comparison of its Financial Institutions Near-Term Criteria V2 and the draft Financial Institutions Net-Zero Standard in August 2024, clarifying how ba…
24 Jul 2024
Standards & FrameworksThe Science Based Targets initiative is transitioning from a multi-stakeholder initiative into a recognised formal voluntary standard-setter, with the appointment of an independent Technical Council, …
9 Jul 2024
Standards & FrameworksThe Science Based Targets initiative published an explanation of its Standard Operating Procedure in July 2024, setting out the eight formal stages through which all SBTi standards must be developed o…
5 Jul 2024
Standards & FrameworksThe Science Based Targets initiative released its standard disclaimer for the 2023 Monitoring Report, outlining data accuracy limitations and permitted uses of the document. The notice restricts comme…
28 Jun 2024
Standards & FrameworksThe ISSB released the IFRS Sustainability Disclosure Taxonomy enabling investors to search, extract, and compare sustainability-related financial disclosures digitally. For Indian companies preparing …
7 May 2024
Standards & FrameworksThe Hong Kong Stock Exchange will require all listed companies to disclose Scope 1 and 2 emissions from the 2025 reporting year under its ISSB IFRS S2-aligned New Climate Requirements. For Indian comp…
28 Apr 2024
Standards & FrameworksSingapore will require listed companies to begin mandatory ISSB-aligned climate reporting in 2025, extending to large non-listed companies with at least 1 billion dollars revenue in 2027. For Indian c…
28 Feb 2024
Standards & FrameworksThe Science Based Targets initiative celebrated three simultaneous milestones in April 2024: more than 1,000 Japanese companies setting validated science-based targets, more than 100 financial institu…
30 Jan 2024
Standards & FrameworksEFRAG released exposure drafts of EU sustainability reporting standards for SMEs under the Corporate Sustainability Reporting Directive, covering mandatory standards for public-interest SMEs and volun…
27 Jan 2024
Standards & FrameworksThe Greenhouse Gas Protocol released a comparative technical review explaining the fundamental differences between inventory accounting and project accounting for greenhouse gas emissions. The guidanc…
20 Dec 2023