climate reporting Climate disclosures grow, but quality still lacks: CDP “The stark reality is that we are incredibly far behind where we need to be, and progress is much too slow.” Melodie Michel 08 February 2024
Policy & Standards EU 2040 climate target bets heavily on CCS, backtracks on agriculture The new recommended target is deemed “not quite 1.5°C compatible”. Melodie Michel 07 February 2024
People & Culture Beer giant AB InBev announces new Chief Sustainability Officer Ezgi Barcenas will leave the company in March after three years in the role. Melodie Michel 07 February 2024
Climate Adaptation Climate resilience approaches (and budget considerations) for Chief Sustainability Officers "If you're not investing in adaptation and resilience, you'll completely derail your mitigation efforts." Melodie Michel 06 February 2024
Policy & Standards EU moves to regulate ESG rating firms The European Council and Parliament have reached an agreement on how to regulate ESG rating firms in order to increase transparency and confidence in the sustainable investment ecosystem. Melodie Michel 06 February 2024
Operations & Finance Investors support sustainability criteria and transparent climate reporting ESG backlash in the US appears to go against investor preferences. Melodie Michel 05 February 2024
Operations & Finance Shareholders drop climate proposal, but ExxonMobil forges ahead with lawsuit ExxonMobil is looking to set a precedent that would limit the power of activist shareholders in pressuring management on climate issues. Melodie Michel 05 February 2024
Zurich Zurich’s Head of Sustainability Linda Freiner on biodiversity, handing reporting to the CFO, and being a “spider in the net” "I had a conversation with our CFO and said ‘the landscape has changed’" Edward Targett 05 February 2024
CSO Futures Weekly CSO Futures Weekly: ESG backlash creates ripples in the US The climate battles continues in the US; watch our sustainability governance panel on demand; ESRS adoption partly delayed and more in this week's newsletter. Melodie Michel 25 January 2024
Policy & Standards Sector-specific European Sustainability Reporting Standards delayed by two years Sector-specific ESRS, meant to clarify disclosure requirements for particular sectors, were initially expected by June 2024. Melodie Michel 25 January 2024