People & Culture Medtronic announces first Chief Sustainability Officer Medtronic reported 253,800 tonnes of greenhouse gas emissions across Scope 1 and 2 in 2023, down 14% from the previous year. Melodie Michel 16 February 2024
CSO Futures Weekly CSO Futures Weekly: Data, sustainability and imperfection Sage's sustainability lead on 'an imperfect system', AI and data management, China's new reporting requirements and more in this issue... Melodie Michel 15 February 2024
People & Culture Zurich’s Linda Freiner promoted to Chief Sustainability Officer Freiner has been working at Zurich Insurance for 11 years, and in charge of group sustainability since 2016. Melodie Michel 15 February 2024
People & Culture Sage sustainability head Elisa Moscolin: ‘Sustainability is like driving a car at high speed while building the engine’ The sustainability EVP shares her thoughts on how to avoid crashing: “Talk less, do more, go basics.” Melodie Michel 15 February 2024
Data and Technology Data management and AI identified as top priorities for sustainability reporting Microsoft’s Chief Sustainability Officer Melanie Nakagawa recently noted that AI freed up 70% of her team's time. Melodie Michel 14 February 2024
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