Green bonds will drive sales, and sustainability-linked bonds are facing a test, S&P found The global sustainable bond market is expected to bounce back in sales this year, following a dip last year amid worsening credit conditions. Sales of those bonds…
BMW Group announced today an agreement with global metals and mining company Rio Tinto to provide the automaker with low carbon aluminum for use in vehicle production in the U.S., and to deploy supply chain transparency technology to provide full…
Carbon Market Watch finds heavy reliance on offsets Many of the net-zero pledges made by the biggest companies in the world are highly misleading, according to a report from Carbon Market Watch. The non-profit recently examined pledges and progress among…
Large suppliers to the Government of Canada will be compelled to disclose their greenhouse gas (GHG) emissions and set targets to reduce them, starting April 1, 2023, according to new standards released today. According to Canada’s new “Standard on the…
The European Union’s Emissions Trading System (EU ETS) has experienced significant fluctuations in the carbon prices over the years. As of February 2023, the price of carbon in the EU ETS has exceeded 100 euros per metric ton of CO2.…
Today, the International Sustainability Standards Board (ISSB) approved the first of two disclosures standards for organizations, to be issued at the end of Q2, 2023. This decision was announced during the International Financial Reporting Standards (IFRS) Sustainability Symposium in Montreal this week. The…
The International Financial Reporting Standards Foundations’ (IFRS) new global sustainability and climate disclosure standards will be effective as of January 2024, according to an announcement today by the IFRS’s International Sustainability Standards Board (ISSB). The new reporting standards are expected…
Companies that prepare ahead of new laws are likely to enjoy a smoother transition. This article is an excerpt from GreenBiz Group’s 16th annual State of Green Business, which explores sustainable business trends to watch in 2023. Download the report here.…
The future isn’t something that happens to us. The decisions we make today will determine what happens tomorrow. As we crossed the threshold into 2023, a question echoed in the sustainability community: What are we going to do differently this year…
The European Central Bank (ECB) announced today the publication of a series of new statistical indicators aimed at helping to analyze climate-related risks in the financial sector and track the progress of the sustainable finance market. The launch of the…