EU Confirms Final Approval to One-Year Delay of Deforestation Law Compliance
Extended timeline: Large companies must comply with the EU deforestation regulation by December 2025; small and micro businesses have until June 2026. Scope of regulation: Companies must prove their products—like soy, beef, palm oil, and coffee—are not linked to deforestation. Implementation tools: The European Commission will deliver risk classification tools and systems to assist businesses […]
Japan Targets 40-50% Renewable Energy by 2040
Renewable growth: Japan aims for renewables to supply 40-50% of its electricity mix by 2040, doubling the 2023 share. Nuclear revival: Nuclear power will account for 20% of the mix, supported by next-generation reactors. Energy security: Long-term LNG contracts will hedge against supply disruptions during the energy transition. The News: Japan has unveiled a draft […]
ESMA Issues Q&A on ESG Fund Names and Green Bonds
Green Bonds: European Green Bonds are exempt from company exclusion rules; other green bonds require activity-based assessments. Sustainable Investments: Funds must allocate at least 50% to sustainable investments to claim “meaningful” ESG alignment. Controversial Weapons: Exclusions align with SFDR’s adverse impact indicator 14 for consistency. The European Securities and Markets Authority (ESMA) has published a […]
BCG Purchases Over 50,000 Tonnes of Carbon Removal Credits Through ClimeFi
Major Commitment to Carbon Neutrality: BCG has purchased over 50,000 tonnes of carbon removals, bringing its total to nearly 200,000 tonnes. Diversified Portfolio: Investments include advanced technologies like enhanced rock weathering, microbial carbon mineralization, and biochar. Top 10 Global Leader: BCG ranks among the top ten buyers of certified carbon dioxide removals worldwide. Boston Consulting […]
SAP Launches SAP Green Ledger, a Carbon Accounting and Reporting System
Integrated Carbon Accounting: Links emissions data directly to financial transactions for precise tracking and reporting. Regulatory Compliance: Helps businesses meet evolving standards like EU CSRD and prepare for future regulations. Sustainability Innovation: Drives decision-making to reduce emissions, optimize costs, and achieve net-zero goals. SAP has announced the global availability of SAP Green Ledger, a cutting-edge […]
