Operations & Finance US$13.5 trillion investment needed to decarbonise heavy industry Another US$11 trillion will also have to be spent by companies to retrofit existing assets with clean technologies. Melodie Michel 28 November 2023
Policy & Standards Companies can now make VCMI ‘carbon integrity’ claims for use of quality offsets The new guidance comes at a crucial time, as the updated GRI Climate Disclosures could soon include new mandatory disclosures around the amount and quality of carbon credits used. Melodie Michel 28 November 2023
CSO Genesys CSO Bridgette McAdoo on transparency and building trust between NGOs and companies "Restating our number isn't my concern: I'm more concerned about whether we feel confident in our methodology and that it's auditable and assured." Melodie Michel 27 November 2023
Policy & Standards Global aviation body adopts 5% decarbonisation target to support SAF development All the sustainable aviation fuel produced in 2022 was bought, at a premium of US$500 million for the industry. Melodie Michel 27 November 2023
Operations & Finance UAE banks step up sustainability efforts ahead of COP28 in Dubai Growing sustainable financing goals signal that banks in the region are keen to support the world's net zero transition. Melodie Michel 27 November 2023
COP28 The three F’s of COP28 - Part 2: Finance COP28 policy incentives to mobilise private climate funding would be welcome as companies still struggle to balance short-term priorities with long-term sustainability goals. Melodie Michel 24 November 2023
Operations & Finance Investors managing US$11tn commit to lifting social and environmental standards in mining Members of the Mining 2030 Commission include representatives of communities affected by mining accidents. Melodie Michel 24 November 2023
CSO Futures Weekly CSO Futures Weekly Heads of sustainability share their thoughts on value creation and Scope 3 decarbonisation, our predictions for COP28 and more in this week's newsletter. Melodie Michel 23 November 2023
People & Culture D&G sustainability lead Will Ashton-Smith on ESG compliance: “It needs to become more of a shared responsibility” Domestic & General is fine-tuning its 'repair first' strategy and preparing to submit climate goals to the Science-Based Targets initiative. Melodie Michel 23 November 2023
Operations & Finance Telcos raise more than €1.3 billion in green bonds for energy efficiency Ericsson and Telefónica issuances suggest that appetite is strong for bonds linked to sustainability performance. Melodie Michel 23 November 2023
Strategy Businesses tone down sustainability ambitions as CFOs look for opportunities to cut "You don’t want a sustainability strategy and a business strategy..." Edward Targett 22 November 2023
COP28 The three F’s of COP28 - Part 1: Fossil fuels For companies and CSOs, a COP28 agreement to phase out fossil fuels would lead to Scope 2 emissions reduction and strengthen the business case for investment in alternatives. Melodie Michel 22 November 2023