Transition Planning Climate transition plan quality criteria and red flags defined Red flags include not following the rules of international GHG accounting standards and not reporting carbon credit use. Melodie Michel 30 September 2024
Transition Planning TNFD to unveil nature transition planning guidance at COP16 A first draft will be open for consultation with all stakeholders from the end of October. Melodie Michel 18 September 2024
CSO Futures Weekly CSO Futures Weekly: Investors are asking for credible transition plans Shareholders push for transition plan votes in 2025, packaging firms get first CSOs and Morgan Stanley drops its plastic commitment. Melodie Michel 12 September 2024
Transition Planning Investors push FTSE 100 firms to vote on climate transition plans at 2025 AGMs “Specific transition plan votes enable shareholders to signal support for these decarbonisation strategies and any associated capital expenditure requirements." Melodie Michel 12 September 2024
Transition Planning Transition Pathway Initiative: Credible climate transition plans still ‘very rare’ Most firms plan to “postpone deep emissions cuts until the 2040s”. Melodie Michel 10 September 2024
Transition Finance Wells Fargo begins developing transition finance framework Banks could generate US$44 billion of extra revenue annually through 2030 by financing the climate transition. Melodie Michel 03 September 2024
Policy & Standards Countdown to CSDDD: 3 years to compliance Firms are facing an uphill battle to ensure compliance, particularly on human rights due diligence. Melodie Michel 25 July 2024
CSO Futures Weekly CSO Futures Weekly: Governments asked to step up, while some businesses push back Courts and countries are backing biodiversity around the world, while the EU faces pressure from businesses on both sides as it smooths out its climate targets. Olivia Peluso 27 June 2024
Operations & Finance Lufthansa Group adds fee to cover EU sustainability regulations The Lufthansa Group is introducing an environmental surcharge to all flights departing from the EU, the UK, Norway, and Switzerland, saying it could not bear the additional costs generated from soon-to-be enacted sustainability regulations. Olivia Peluso 26 June 2024
Policy & Standards ECB sets stricter climate targets for portfolio The European Central Bank said it would introduce greenhouse gas emissions reduction targets for its corporate bond portfolio and may even sell some assets if it fails to meet its goals. Olivia Peluso 25 June 2024