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The IFRS Foundation announced today that 36 jurisdictions have adopted or are using the IFRS Sustainability Disclosure Standards (ISSB Standards), with 17 having finalised their approach. This announcement signifies ongoing progress in expanding ISSB-based sustainability requirements. In November 2024, a report indicated that 30 jurisdictions were moving towards adopting these standards, following a May 2024…
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The US Environmental Protection Agency (EPA) has announced plans to repeal a set of regulations designed to reduce greenhouse gas emissions and pollution from fossil fuel-based power plants. The EPA claims that these emissions “do not contribute significantly to dangerous air pollution” as defined by current regulations. The electric power sector is responsible for about…
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Family care support boosts productivity, loyalty, and wellbeing at work
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Broadridge Financial Solutions and sustainability software provider Novisto have announced a partnership to introduce new sustainability data management and reporting solutions for businesses. This collaboration responds to the growing complexity of global regulations and the increasing demand for consistent sustainability reporting standards. Ryan Wade, General Manager, Broadridge Corporate Issuer, stated: “With continued focus from investors…
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A recent report from the University of Nottingham, in collaboration with law firm Browne Jacobson, reveals that UK organisations are steadfast in their commitment to Environmental, Social, and Governance (ESG) criteria and sustainability, despite political changes in the UK and US. The study, which surveyed nearly 250 entities across the private and public sectors, found…
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The UK Government has officially approved the Sizewell C nuclear power plant, marking the first majority British-owned nuclear facility announcement in over 30 years. The Chancellor will announce £14.2 billion in funding at the GMB Congress, adding to the £3.6 billion already invested, bringing the total government investment to £17.8 billion. Sizewell C is a…
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Global management consultancy Bain & Company has formed a strategic partnership with Terralytiq, a startup specialising in supply chain decarbonisation intelligence solutions. This collaboration aims to help businesses optimise their supply chains by reducing both carbon emissions and costs, ultimately facilitating the delivery of products with lower carbon footprints. Established in 2023, Terralytiq offers a…
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Macquarie Asset Management and British Columbia Investment Management Corporation (BCI) have announced the completion of their acquisition of the European waste-to-product company Renewi, in a deal valuing the company at approximately £707 million ($957 million USD). Based in the UK, Renewi specialises in extracting value from waste and used materials, diverting waste from incineration or…
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Carbon removal technology firm Aircapture has announced a $50 million Series A funding round, aimed at scaling its Direct Air Capture (DAC) systems to capture and recycle CO2 at industrial sites. Founded in 2019, the California-based company provides modular on-site DAC machines that extract CO2 from the atmosphere, making it available for customers’ production processes.…
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Honeywell UOP, Johnson Matthey, GIDARA Energy, and SAMSUNG E&C have announced the formation of an alliance aimed at developing new technology to accelerate sustainable aviation fuel (SAF) production and reduce costs. Fuel is a major contributor to emissions in the aviation sector. SAF, generally derived from sustainable resources like waste oils and agricultural residues, is…