European Parliament rejects compromise on EU sustainability regulations. The vote on the EU Commission’s Omnibus I proposal was narrowly defeated, sending it back for further negotiation. This outcome increases uncertainty for businesses as lawmakers remain divided over the extent of regulatory reductions….

BNP Paribas launches fund targeting sustainable environmental infrastructure projects. The BNPP Environmental Infrastructure Income Fund aims to capitalise on investments in key sectors like power, water, and transport, focusing on Europe and the US to enhance infrastructure resilience….

Electra forms new agreements to reduce steel carbon footprint. Colorado-based Electra’s innovative low-temperature iron refining process will aid global steel companies and Meta in cutting emissions, supported by new funding and strategic partnerships….

Airbus and Cathay Group partner to scale sustainable aviation fuel. The partnership involves a $70 million investment to boost SAF production in Asia and globally, aiming to reduce aviation emissions. Airbus and Cathay will identify projects with commercial potential to increase SAF availability….

TotalEnergies and Colas renew partnership to decarbonise construction. The collaboration focuses on multi-energy solutions, electric charging infrastructure, and solar power facilities to reduce carbon emissions in the construction sector, supporting TotalEnergies’ and Colas’s decarbonisation goals by 2030….

GHG Protocol launches consultations on Scope 2 guidance updates. The initiative seeks to refine emission reporting methods for purchased electricity, enhancing accuracy and alignment with evolving energy systems. Consultations will remain open until 19 December….

CDP and GRI launch tool for aligned climate disclosures. The GRI-CDP mapping tool helps companies align climate and energy data requirements, enhancing reporting consistency and reducing duplication. This initiative improves communication and eases the reporting burden for organisations….

Glass Lewis will overhaul its research and voting recommendations. The firm plans to discontinue singular voting advice due to diverging investor priorities in the US and Europe, particularly on sustainability and corporate engagement, aiming for more customised approaches….

The EU proposes changes to its deforestation regulation. The European Commission has suggested amendments to the EU Deforestation Regulation, including reduced obligations for retailers and small companies, while maintaining plans for its enforcement by year-end, despite earlier proposals for a delay….

UNDO partners with Microsoft for significant carbon removal project. London-based UNDO will remove 28,900 tonnes of CO2 by 2036, using enhanced rock weathering, under a new agreement with Microsoft. This marks their third collaboration, supported by Canadian climate fund Inlandsis….