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...
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.
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.
Most companies plan to align sustainability reporting with CSRD
"We’re seeing CSRD’s impact extend far beyond those subject to the regulation."
