UK government halts plans for a Green Taxonomy framework. The decision follows a consultation indicating limited support for the taxonomy, with only 45% of respondents expressing a positive view, suggesting a preference for other sustainable finance policies….

The European Commission’s regulatory changes prompt strategic business thinking. The Omnibus proposals delay sustainability reporting deadlines, offering companies time to refine strategies and improve infrastructure, while stakeholders must use disclosed information wisely to make informed decisions….

Shell, Accenture, and Amex GBT enhance their SAF platform. The Avelia platform, initially launched in 2022, now includes multiple fuel suppliers, aiming to expand sustainable aviation fuel adoption. Over 57 companies have joined, contributing to significant CO2 reduction….

Microsoft and Novata collaborate to enhance sustainability data solutions. The partnership aims to co-develop AI tools for SMEs, including Microsoft suppliers, to simplify sustainability reporting and data management, leveraging Microsoft Azure AI Foundry and Microsoft Fabric technologies….

EU delays new sustainability reporting requirements for large companies. The European Commission has modified the European Sustainability Reporting Standards to postpone additional reporting obligations for major firms, aiming to reduce regulatory burdens as part of its Omnibus I package….

HSBC exits UN-backed Net-Zero Banking Alliance, sparking concerns. The bank reaffirms its 2050 net zero goal despite leaving the group, drawing criticism from sustainability investors who question its climate commitment following recent strategic changes….

California mandates climate risk reporting for large companies. New regulations require firms operating in California to disclose emissions and climate-related financial risks. The FAQ outlines compliance timelines, with initial reports due by January 2026….

EFRAG proposes significant reduction in sustainability reporting requirements. The European Financial Reporting Advisory Group is considering changes to reduce data points in the European Sustainability Reporting Standards by two-thirds, eliminating voluntary disclosures. The draft proposal aims to simplify sustainability reporting under the EU’s CSRD regulation….

Frontier coalition secures $41 million carbon removal agreement. The agreement with Arbor enables the construction of a commercial-scale plant to remove 116,000 tons of CO2 by 2030, addressing both carbon removal and clean electricity needs for companies like Google and Shopify….

UL Solutions unveils new sustainability-focused software solutions. The company launched tools to manage supply chain emissions, meet ISSB reporting requirements, and plan renewable energy deployment, enhancing its ULTRUS platform to address complex sustainability and compliance challenges….