The first priority is to promote the decarbonization of industry by avoiding carbon leakage and to ensure that the carbon tax at Europe's borders is a success. The declaration of the Group of 7, which has just been completed in Hiroshima, ratified the creation of the first Climate Club. [...]
Mandatory in 146 jurisdictions, these new IFRS standards will accelerate the integration of the non-financial dimension in the financial communication of companies. The Board introduced the permission to rely on the Global Reporting Initiative Standards (GRI) and European Sustainability Reporting Standards (ESRS). On 16th February, the ISSB [...]
In March 2022, the organization put out for consultation a document proposing a climate reporting framework for listed companies. If adopted, this proposal would require detailed reporting by U.S. listed companies covering 3 categories of climate reporting. A new chapter in financial regulation opens this year [...]
The report, endorsed by former finance leaders, is addressed to public and private policymakers and the financial sector. The funding gap is estimated at between US$ 598 Bn and US$ 824 Bn per year according to the report. US$ 700 Bn is the value retained by COP 15 (GOAL [...]
The final declaration or "implementation plan" from Sharm el-Sheikh looks more like a status quo to hold until the next COP. COP 27 final declaration: focus on the 'Sharm el-Sheikh Implementation Plan. The negotiation round that just ended in Egypt promised progress in the concrete implementation of previous [...]
A new planetary boundary, concerning freshwater change, has been crossed in 2022. Is that ‘acting in good conscience? What are the values, vision and mission of the G20? The Indian roadmap is clear, growth must be inclusive, equitable and sustainable. What is G20’s legitimacy [...]
This Conference of the Parties is the governing body of the Convention on Biological Diversity, the first international treaty that takes into account all aspects of biological diversity. COP 15 is particularly important in view of the current and accelerating erosion of biodiversity. Only "far-reaching economic, social, [...]
These two new standards define how a company discloses information about sustainability-related factors that may enhance or detract from a company's ability to create value. This exercise requires identifying the main internal and external risks, testing the sensitivity to different scenarios, and reporting on them periodically. In 2022, [...]
Joe Biden has made it a presidential objective, and henceforth a bulwark against inflation: the country must have reduced its net greenhouse gas emissions by 50% by 2030 compared to 2005 emissions. Under the scrutiny of the Carbon Action Tracker initiative, whose work was presented this week in NYC, the US [...]
Climate change poses a systemic risk to the global and European economies and requires massive investments. It poses a threat to the achievement of European objectives. Corporate sustainability data is at the heart of the European Union of Capital Markets project. Europe is working towards a capital markets [...]
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