Sustainability Reports 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. Melodie Michel 08 May 2024
Carbon removals 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. Melodie Michel 08 May 2024
Oil & Gas 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. Melodie Michel 07 May 2024
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