CSO Futures Weekly COP16 and what companies can do to unlock finance for nature Aviva funds nature restoration, CDP reports increasing biodiversity disclosures and the mining sector seeks to improve standards.... Melodie Michel 24 October 2024
Carbon removals Morgan Stanley to buy 40,000 tonnes of direct air capture removals The bank recently created a new fund to support the removal of one gigatonne of emissions by 2050. Melodie Michel 24 October 2024
People & Culture LGT Wealth Management appoints first Chief Sustainability Officer LGT Wealth is a member of the Global Investor Commission on Mining 2030 launched last year to support a responsible mining industry. Melodie Michel 24 October 2024
COP16 CDP calls on governments to use increasing nature disclosures at COP16 "More companies [are] bringing nature into the boardrooms." Melodie Michel 23 October 2024
Supply chains Volkswagen will make EVs with low-carbon steel from 2028 The carmaker estimates that 15 to 20% of an electric vehicle’s emissions come from steel production. Melodie Michel 23 October 2024
Climate Targets Most high emitters still fail to set credible short-term climate targets Companies are letting their short-term targets expire or scrapping them completely. Melodie Michel 22 October 2024
Aviation Wizz Air launches SAF trial to prepare for EU mandate The trial will also involve a passenger survey to understand consumer awareness of SAF. Melodie Michel 22 October 2024
Nature capital Aviva invests £40mn in nature restoration firm Nattergal Nattergal aims to 'rewild' 20 to 30 ecologically degraded sites globally within five years. Melodie Michel 21 October 2024
Policy & Standards Mining sector seeks to streamline sustainability with consolidated mining standard The standard covers 24 ‘performance areas’ – from corporate requirements and business integrity to human rights, child labour, climate action and biodiversity. Melodie Michel 21 October 2024
Climate litigation BlackRock greenwashing case tests enforceability of sustainable fund label rules "We want other investment managers to heed the warning of this complaint." Melodie Michel 18 October 2024