Sustainability Community

GLOBAL: First SBT for nature announced: First science based targets for nature have been announced by SBTi, setting the bar for ambitious and measurable corporate action on nature. The new targets provide guidance for companies to assess and prioritize their environmental impacts and  set targets for freshwater and land. A pilot group of 17 companies are planning to set the first nature targets this year. Learn more here Read about global cement and building solutions manufacturer Holcim's SBTN work here

NORTH AMERICA: Unleashing Power of Hydrogen: Canada's 2023 budget includes $17.7 billion CAD ($12.6 billion USD) funding for a new Clean Hydrogen Investment Tax Credit (ITC) between 2023 and 2035. The ITC will support 15% to 40% of eligible projects' costs based on life cycle carbon intensity and the facility's ability to meet labor requirements. Learn more

EUROPE: ESAP asap? The EU announced that a provisional agreement has been reached to establish a European Single Access Point (ESAP) to place all European corporate disclosures, including sustainability reports, in a single online location. SAP does not impose any new reporting standards, but gives a new home for the Corporate Sustainability Reporting Directive developed by the European Financial Reporting Advisory Group. More here

The EU has released its final proposals for the bloc's sustainable finance strategy – and they include rules on ESG ratings. Read about the EU's efforts to regulate the companies offering ESG scores.

ASIA Governance: Japan's Government Pension Investment Fund (GPIF) has pulled USD 3.7 billion from existing ESG mandates which will be reinvested in a Morningstar gender-tilted Japan index.  The USD 1.4 trillion pension fund did not disclose which of its existing funds would be impacted but said the move was part of a portfolio-wide "risk management" exercise. Read

Indonesia accuses EU of 'regulatory imperialism' with deforestation law. Reuters

Very interesting to read about the SBT for Nature and I'll be very interested to see how this happens in practice and how the pilot companies achieve this.  Industrial companies obviously have to adhere to their discharge permits, check origin of raw material supplies for biodiversity impacts and conduct a water stress test.  I'm curious to see what else is involved.

GLOBAL: First SBT for nature announced: First science based targets for nature have been announced by SBTi, setting the bar for ambitious and measurable corporate action on nature. The new targets provide guidance for companies to assess and prioritize their environmental impacts and  set targets for freshwater and land. A pilot group of 17 companies are planning to set the first nature targets this year. Learn more here Read about global cement and building solutions manufacturer Holcim's SBTN work here

NORTH AMERICA: Unleashing Power of Hydrogen: Canada's 2023 budget includes $17.7 billion CAD ($12.6 billion USD) funding for a new Clean Hydrogen Investment Tax Credit (ITC) between 2023 and 2035. The ITC will support 15% to 40% of eligible projects' costs based on life cycle carbon intensity and the facility's ability to meet labor requirements. Learn more

EUROPE: ESAP asap? The EU announced that a provisional agreement has been reached to establish a European Single Access Point (ESAP) to place all European corporate disclosures, including sustainability reports, in a single online location. SAP does not impose any new reporting standards, but gives a new home for the Corporate Sustainability Reporting Directive developed by the European Financial Reporting Advisory Group. More here

The EU has released its final proposals for the bloc's sustainable finance strategy – and they include rules on ESG ratings. Read about the EU's efforts to regulate the companies offering ESG scores.

ASIA Governance: Japan's Government Pension Investment Fund (GPIF) has pulled USD 3.7 billion from existing ESG mandates which will be reinvested in a Morningstar gender-tilted Japan index.  The USD 1.4 trillion pension fund did not disclose which of its existing funds would be impacted but said the move was part of a portfolio-wide "risk management" exercise. Read

Indonesia accuses EU of 'regulatory imperialism' with deforestation law. Reuters