By Huw Jones, Reuters LONDON, July 31 (Reuters) – The European Union’s executive body on Monday published final rules for corporate environmental, social and governance (ESG) disclosures, confirming earlier moves to water down the requirements. European Commission president Ursula von der Leyen had pledged to cut red tape across the …
What CFOs Need to Know About Fast-Emerging Biodiversity-Credit Markets
By Laura Waterford, Sustainable Brands When companies invest in biodiversity credits, the ‘unitization’ of biodiversity outcomes in the form of credits takes the guesswork out of designing the investment. But they are not intended to offset an equivalent, negative impact on biodiversity elsewhere. We are at a crucial point in …
Which Countries are Paying Their ‘Fair Share’ to Fight Climate Change?
By Kate Abnett, Reuters BRUSSELS, July 21 (Reuters) – As temperature records topple and extreme weather rages around the world, countries are preparing for talks at this year’s COP28 UN summit on climate finance – money that large economies provide to help poorer states cope with climate change. So far, countries have …
The Federal Debt Trap: Issues and Possible Solutions
By Ellen Brown, Other News “Rather than collecting taxes from the wealthy,” wrote the New York Times Editorial Board in a July 7 opinion piece, “the government is paying the wealthy to borrow their money.” Titled “America Is Living on Borrowed Money,” the editorial observes that over the next decade, …
US Refuses Climate Reparations for Developing Nations
By Oliver Slow, BBC US climate envoy John Kerry said on Thursday that the US would not pay climate reparations “under any circumstances” Climate envoy John Kerry made the remarks at a Congress hearing before flying to China to discuss the issue. Some countries want major economies – which produce …
Hollywood Actors to Strike at Midnight, Join Writers on Picket Lines
By Lisa Richwine and Dawn Chmielewski, Reuters LOS ANGELES, July 13 (Reuters) – Hollywood actors will go on strike at midnight on Thursday after talks with studios broke down, joining film and television writers who have been on picket lines since May and deepening the disruption of scores of shows and …
Will New Global Standard for Corporate Sustainability Reporting Corral Wild West of ESG?
By Eugene Ellman, Corporate Knights New ISSB standard offers hope that the bewildering array of corporate sustainability disclosure guidelines will finally come to an end The global accounting profession has launched a single standard for company environmental, social and governance (ESG) reporting, raising expectations that the bewildering array of corporate …
Meet the Women Warrior Accountants Pushing the Envelope on Climate Action
By Naomi Buck, Corporate Knights In the last two decades, accounting has been transformed as ESG takes centre stage. Many of the industry’s most ambitious change agents have been women. In the fourth year of her accounting degree at McGill University, Sarah Keyes walked into the classroom of a mandatory credit …
New Rules Aim to Clamp Down on Corporate Greenwashing
By Huw Jones and Simon Jessop, Reuters LONDON, June 28 (Reuters) – Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International …
‘Climate Washing’ Lawsuits Jump as More Activists Challenge Corporate Claims, Report Shows
By Tommy Wilkes, Reuters LONDON, June 29 (Reuters) – “Climate washing” litigation has risen sharply in the last two years as environmental groups and governments grow frustrated with corporate claims about their contribution to tackling climate change, a report published on Thursday showed. The report, compiled by London’s Grantham Research …