As the world’s largest trading bloc, the EU uses its considerablepurchasing power to meet its ambitious sustainability goals. In doing so, the EU’s new rules will reach well beyond its...
The project will provide 80% of the heat demand for Finnish neighborhoods. Nestled on the shores of the Gulf of Finland, Google’s Hamina data center is set to become a...
Key Impact Points: The Global Reporting Initiative (GRI) has launched the “CSRD Essentials” series, a practical guide for understanding the EU’s Corporate Sustainability Reporting Directive (CSRD). This initiative, developed with...
The Copernicus Climate Change Service, in collaboration with the World Meteorological Organization, has released the European State of the Climate (ESOTC) report for 2023. This document provides a comprehensive analysis...
After a green voting marathon, the EU Parliament closed its final plenary of this term before its June elections. The huge voting sessions yielded a plethora of new policies, including...
The European Financial Reporting Advisory Group (EFRAG) selects Datamaran as its solution for data-driven ESG governance supporting the development of the European Sustainability Reporting Standards (ESRS) The European Financial Reporting Advisory Group...
Scotiabank has issued its inaugural EUR 1 billion, 5-year senior fixed rate Green Bond (the “EUR Green Bond”) in the European market pursuant to Scotiabank’s Sustainable Issuance Framework released on April 5, 2024 (the...
At the Our Ocean Conference in Greece, the European Union is confirming its strong engagement for international ocean governance by announcing 40 commitments for action for 2024. These actions will be funded by €3.5 billion from...
The Council formally adopted a revised directive on the energy performance of buildings. The directive will help reduce greenhouse gas emissions and energy poverty in the EU. Zero-emission buildings by...
Climeworks, the global leader in carbon dioxide removal (CDR) via DAC+S technology, has been awarded 2.2m CHF (26m NOK) in funding from Enova, at 50 percent funding intensity, in the...
MEPs adopted plans to facilitate the uptake of renewable and low-carbon gases, including hydrogen, into the EU gas market. The new directive and regulation on the gas and hydrogen markets...
The law will set up an EU certification framework for carbon removals to boost their uptake and help achieve EU climate neutrality by 2050. Parliament on Wednesday adopted the provisional...
Key Impact Points: Verein KlimaSeniorinnen Schweiz and Others v. Switzerland In a groundbreaking decision, the European Court of Human Rights (ECHR) has issued a landmark ruling in a climate case...
A majority (70%) of European companies align less than 25% of their capital expenditures (CapEx) toward transitioning towards a net-zero economy, new analysis by CDP and Oliver Wyman reveals. Meanwhile,...
The Republic of Iceland issued a green bond in the amount of 750 million euros, the equivalent of ISK 111 bn. The bond bears a 3.5% fixed rate coupon, a...
Europe continued its leadership in sustainability policy with the approval of the Corporate Sustainability Due Diligence Directive (CS3D) late last week. The new policy requires companies to identify and mitigate...
The Federal Government believes that Germany’s climate targets for 2030 are achievable. “Providing we stay on course, we are set to achieve our 2030 climate targets,” said Economics and Climate...
The Principles for Responsible Investment (PRI) has published its 2030 EU Policy Roadmap, outlining key recommendations for European policy makers to accelerate private investment in the economic transition. The report presents...
On Wednesday, Parliament adopted its proposals to better prevent and reduce waste from food and textiles across the EU. MEPs adopted their first reading position on the proposed revision of the Waste...
Parliament has adopted its position on establishing a verification and pre-approval system for environmental marketing claims to protect citizens from misleading ads. The green claims directive would oblige companies to...