EU Omnibus MEPs submit amendments to Omnibus directive as watchdog launches formal inquiry Proposed amendments to the Omnibus directive are due to be debated in Parliament by July. Melodie Michel 26 May 2025
People & Culture Brazil’s Petrobras on the hunt for next Chief Sustainability Officer Mauricio Tolamsquim has left the company to join the board of Brazilian utility Eletrobras. Melodie Michel 26 May 2025
Climate Targets PepsiCo adopts transparent approach to climate target adjustment "Our sustainability journey will not always be linear." Melodie Michel 26 May 2025
Sustainable Finance CPP Investments scraps 2050 net zero target "A tacit admission that CPPIB was aware that its statements on net zero weren't in line with internationally recognised standards." Melodie Michel 23 May 2025
Carbon removals Microsoft signs ‘world’s largest’ biochar carbon removal purchase Microsoft is the largest buyer of carbon removals, with more than 21.6 million tonnes of credits. Melodie Michel 23 May 2025
Climate disclosures Nearly 70% of large US-listed firms now disclose Scope 3 emissions “While companies are setting more ambitious climate goals, few are sharing how they plan to get there." Melodie Michel 22 May 2025
EU Omnibus EU leaders seek to kill due diligence requirements despite warnings Studies estimate the implementation costs of due diligence obligations for large companies at 0.009% of their revenues. Melodie Michel 22 May 2025
Food System EU agriculture already loses €28bn a year to extreme weather events Drought is the greatest threat to food production across all EU regions. Melodie Michel 22 May 2025
Critical minerals Critical minerals market concentration could jeopardise energy transition The average market share of the top three critical minerals producers rose to 86% in 2024. Melodie Michel 21 May 2025
Energy Transition Decarbonising energy supply: Governance pathways and best practices Internal targets, training and decentralised decision-making can help firms achieve their energy goals. Melodie Michel 21 May 2025