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US bank Fifth Third announces new Chief Sustainability Officer

People & Culture

US bank Fifth Third announces new Chief Sustainability Officer

Pratik Raval previously held various positions (including Head of Sustainability Strategy) at Tata Consultancy Services USA.

18 March 2024

EU reaches deal on contested CSDDD: Thousands of firms set to become liable for their supply chains

Policy & Standards

EU reaches deal on contested CSDDD: Thousands of firms set to become liable for their supply chains

Whereas the original directive would have affected up to 16,000 companies, it is now estimated that about 5,300 of Europe’s largest corporations fall under its remit.

15 March 2024

Inditex faces supply chain scrutiny amid record profits

Operations & Finance

Inditex faces supply chain scrutiny amid record profits

The Spanish group got the lowest grade on traceability amid 52 companies recently analysed by NGO Remake World.

15 March 2024

CSO Futures Weekly: Scope 3 on the brain

CSO Futures Weekly

CSO Futures Weekly: Scope 3 on the brain

Missed commitments, enhanced targets and new standards all suggest Scope 3 remains front of mind for corporate sustainability leaders.

14 March 2024

Global banks set to include capital market emissions in net zero targets

Policy & Standards

Global banks set to include capital market emissions in net zero targets

The second version of the NZBA guidelines reflect improvements in financed emissions calculation methodologies and data quality.

14 March 2024

Volkswagen sees carbon footprint jump despite vehicle intensity gains

Sustainability Reports

Volkswagen sees carbon footprint jump despite vehicle intensity gains

Volkswagen managed to lower vehicle carbon intensity in 2023 – but commercial growth outweighed these emissions gains.

13 March 2024

Greenwashing soon to be punishable by fines of 4% of turnover in the EU

Policy & Standards

Greenwashing soon to be punishable by fines of 4% of turnover in the EU

Yesterday’s EU parliament vote signals an almost unanimous desire to get the Green Claims Directive over the line – with new details on what it will entail.

13 March 2024

Nokia admits it is ‘not on track’ to meet 2030 target but bets on exponential decarbonisation

Operations & Finance

Nokia admits it is ‘not on track’ to meet 2030 target but bets on exponential decarbonisation

The telco is doubling down on climate commitments with a new goal to reach net zero by 2040.

12 March 2024

Big business urged to set business travel targets as emissions inch towards pre-Covid 19 levels

Operations & Finance

Big business urged to set business travel targets as emissions inch towards pre-Covid 19 levels

Accenture's business travel emissions grew by 47% between 2022 and 2023.

12 March 2024

JBS and X among 284 companies that failed to meet science-based target-setting commitment

Climate Targets

JBS and X among 284 companies that failed to meet science-based target-setting commitment

Scope 3 challenges, lack of sector-specific standards and fear of not being able to meet targets top the reasons for missing deadline.

11 March 2024

Unilever moves from GHG intensity to absolute Scope 3 reduction targets as data granularity improves

Climate Targets

Unilever moves from GHG intensity to absolute Scope 3 reduction targets as data granularity improves

Adjustments were made as Scope 3 emissions reduction proved more challenging than expected, prompting the firm to revisit plans and measurements.

08 March 2024

CSO Futures Weekly: SEC adopts weakened climate disclosures

CSO Futures Weekly

CSO Futures Weekly: SEC adopts weakened climate disclosures

SEC adopts climate disclosure rule, Unilever addresses trade associations misaligned on climate, and SAP emissions grow along with its cloud business...

07 March 2024