TLDR:
- Over half of the global economy is moving towards coverage by IFRS’ sustainability reporting standards.
- EU adopts new legislation aimed at scaling decarbonization tech industries.
ESG Today’s Week in Review highlights the key developments in ESG news from the past week. The International Financial Reporting Standards (IFRS) announced that over half of the global economy is moving towards coverage by their sustainability reporting standards, signaling a significant shift towards transparency and accountability in ESG reporting. Additionally, the EU adopted new legislation to promote decarbonization technologies, emphasizing the importance of sustainable practices in industries.
Other notable updates include PwC and IFS collaborating to launch a sustainability management and reporting solution, HSBC rolling out a carbon calculator for SMEs, and a call from EU regulators for SMEs to report on positive sustainability impacts to prevent greenwashing. The U.S. also issued new policies for carbon markets, and more than half of ESG-labelled funds may need to change names to comply with new EU anti-greenwashing rules.
Investment trends are also shifting towards brown-to-green transition strategies, as seen in a Robeco survey. The EU has adopted new product sustainability rules, and there have been significant capital raises for decarbonization, green materials, climate fintech, and sustainable shipping tech.
The ESG Today Week in Review provides a comprehensive overview of the latest developments in ESG news, showcasing the growing importance of sustainability and responsible investing practices across industries.
