Operations & Finance Corporates broke new clean energy purchasing records in 2023 Since 2008, companies have announced power purchase agreements for 198 GW of renewable energy. Melodie Michel 14 February 2024
Operations & Finance US$2 trillion a year needed to meet 2030 renewable energy goal The world is on track to invest US$6.6 trillion in renewables and grids from 2024 to 2030, leaving a funding gap of just over US$5 trillion. Melodie Michel 13 February 2024
Carbon market 2024 could be a make-or-break year for voluntary carbon market “If buyers can’t trust the quality of the credits they’re buying and risk greenwashing accusations, then the market will never reach its potential." Melodie Michel 13 February 2024
Policy & Standards Chinese stock exchanges eye mandatory climate disclosures for listed companies The current draft mandates annual Scope 1 and 2 emissions reporting, as well as comprehensive climate adaptation assessments and governance disclosures. Melodie Michel 12 February 2024
Policy & Standards EU postpones due diligence directive vote amid wavering support The European Council decided to wait after realising the bill would likely not get the qualified majority needed to pass. Melodie Michel 12 February 2024
Operations & Finance Top fossil fuel financier Barclays stops funding new oil and gas projects The bank's previous climate plan was criticised for lacking a commitment to end new oil and gas expansion. Melodie Michel 09 February 2024
Policy & Standards CSDDD: EU due diligence law’s fate hangs in the balance as Council heads for vote The law appeared headed for easy approval, but conservative debates in Germany and Finland have since cast doubt on its future. Melodie Michel 09 February 2024
CSO Futures Weekly CSO Futures Weekly: The sustainability impact of generative AI Tips to mitigate AI's carbon risks, leadership changes at top corporations, interview with Zurich's head of sustainability and a discussion on climate resilience... Melodie Michel 08 February 2024
People & Culture Ezgi Barcenas to take over as L’Oréal Chief Corporate Responsibility Officer L'Oréal's current sustainability chief, Alexandra Palt (pictured), is leaving the company at the end of March. Melodie Michel 08 February 2024
Data and Technology Generative AI: sustainability game changer or ticking time bomb? AI has the power to act as "a copilot for sustainability professionals" – but its environmental impacts need to be carefully considered. Melodie Michel 08 February 2024