Deloitte and Workiva Unveil Four ESG Tools to Streamline EU CSRD Compliance
Simplified compliance for EU standards: Deloitte and Workiva’s new ESG accelerators focus on double materiality, financed emissions, regulatory gap assessments, and workflow tracking to assist with the EU’s Corporate Sustainability Reporting Directive (CSRD). Integrated ESG and financial reporting: The tools leverage the Workiva platform to provide a comprehensive solution for ESG governance, risk, and compliance […]
Sigma Lithium Ships 22,000t of Quintuple Zero Green Lithium to Abu Dhabi’s IRH
First Shipment to IRH: Sigma Lithium has shipped 22,000 tonnes of Quintuple Zero Green Lithium to Abu Dhabi’s IRH, marking its first transaction with the Emirate’s trading entity. Exceeding Production Targets: Sigma produced 60,237 tonnes of lithium concentrate in Q3 2024, surpassing its 60,000-tonne goal by 22%. Commitment to Ethical Sourcing: The partnership aims to […]
$1.48 Billion GAIA Platform Launched to Bridge Climate Finance Gaps in Vulnerable Regions
The GAIA platform, co-founded by FinDev Canada, MUFG, and GCF, targets up to 25 emerging markets with $1.48 billion for climate adaptation and mitigation projects. The initiative allocates 70% of funds for climate adaptation and 30% for mitigation, focusing on Least Developed Countries and Small Island Developing States. GAIA aims to bridge the climate finance […]
EU Approves First-Ever Certification Framework for Carbon Removals and Farming
Key Impact Points: Comprehensive Framework: The EU Council approved the first certification framework for permanent carbon removals, carbon farming, and carbon storage in products to help meet the 2050 climate neutrality target. Robust Certification Criteria: The framework mandates measurable carbon benefits, additionality, long-term storage, and sustainability safeguards for certification. Transparency via EU Registry: A digital […]
EU Regulators, ECB Release Climate Stress Test Results Highlighting Transition Risks
The “Fit-for-55” climate stress test shows that transition risks alone pose limited threats, with first-round losses of 5.2%-6.7% across EU financial sectors over an 8-year horizon. Combined transition and macroeconomic shocks could increase losses significantly, with first-round impacts ranging from 10.9% to 21.5% depending on the sector. Coordinated policy action and climate risk integration in […]
