Salesforce has announced the release of Automate ESG Reporting. This is meant to enable companies to manage ESG data in real time. It should save time and money through the ability to generate framework-specific reports, streamlining the ESG reporting process.
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The International Sustainability Standards Board (ISSB) of the IFRS Foundation has confirmed it will set Scope 3 disclosure requirements, though it plans to establish provisions to ease compliance.
Carbon management start-up Sweep is to help greening finance by providing a new platform that measures, analyse and reports on financial institutions' portfolio emissions.
Allegations of a dereliction of fiduciary duty and anti-trust complaints against Blackrock by 19 US states reflects a wider resistance to enacting regulation in support of sustainability. Major concessions to the fossil fuel industry were necessary to pass the climate change measures in the Inflation Reduction Act, demonstrating the power of anti-sustainability lobbies, especially in Republican states.
Ford motor company’s latest $1.75 billion green bond issue is intended to accelerate its electric vehicle production plans, and coincides with the signing of the Inflation Reduction Act into law, which provides $7,500 credit for EVs made in the USA.
High emitters are recognising an opportunity to address their transition to a low carbon future, through the use of green, social, sustainable and sustainable-linked (GSSS) debt. The real estate sector is taking advantage of the opportunity.
In the latest regulator move to combat greenwash in sustainable finance, the Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, has announced new reporting and disclosure requirements for ESG funds specifically targeted at listed companies, major financial institutions, and retail investors.
In the US, the Supreme Court delivered a ruling that limits the Environmental Protection Agency (EPA) from regulating GHG emissions in the power sector, potentially undercutting the US goal of reaching net zero by 2050.
The US Securities and Exchange Commission (SEC) has announced a proposal for tighter regulation of ESG funds.