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The European Commission delays sustainability reporting standards for non-EU firms. The delay is part of an effort to reduce regulatory burdens on companies and follows proposals to alter various EU regulations, impacting sustainability reporting requirements for non-EU entities….
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Many firms deploying AI have suffered losses before gains emerge. A new EY survey of 975 executives shows cumulative AI-risk losses of around US $4.4 billion, largely from compliance failures, biased models, and sustainability setbacks. But companies with mature responsible AI practices report stronger business outcomes.
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Royal Bank of Scotland will launch IP-backed loans in 2026, following new legislation enabling lenders to accept intellectual property as collateral. The move is designed to unlock growth finance for Scotland’s technology and innovation sectors, helping high-growth businesses access capital without relying on physical assets.
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ESG is now seen as essential for business success. Business leaders globally recognise the intrinsic link between environmental and social factors and financial performance, integrating ESG into core strategies despite economic uncertainties, and showing increased confidence in meeting net-zero targets….
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Jaguar Land Rover’s production pause has disrupted the UK automotive supply chain. Directors seeking emergency funding are being urged to check their exposure to personal guarantees, as rising finance pressures put smaller suppliers at risk.
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Deloitte, one of the prominent Big Four accounting firms, will provide a partial refund to the Australian federal government after a report revealed inaccuracies linked to AI usage. Ordered by the Department of Employment and Workplace Relations (DEWR) in December 2024, the report sought to assess a specific compliance framework alongside its IT system. The…
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UK steel sector faces unprecedented crisis amid EU tariff hike. The European Union’s decision to double tariffs on steel imports threatens the UK steel industry, which exported 78% of its steel to the EU last year. Industry leaders warn of severe impacts on domestic production.
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TotalEnergies and Veolia expand partnership to promote clean energy. The collaboration aims to develop solutions for reducing emissions and conserving resources, leveraging TotalEnergies’ expertise in low-carbon energy and Veolia’s skills in water and waste management….
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Novata acquires Atlas Metrics to expand sustainability data solutions. The acquisition enhances Novata’s reach, supporting over 400 clients globally with advanced ESG management tools, aligning with its mission to transform sustainability data into business resilience….
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British International Investment commits $60 million to Southeast Asia. The investment supports the Green Investment Partnership under Singapore’s FAST-P framework, aiming to address Southeast Asia’s $210 billion annual climate infrastructure gap through blended finance, focusing on renewables and decarbonisation projects.
