The South Korean electronics giant has been criticised for relying on renewable energy certificates rather than "high impact" methods to reduce emissions and publishing potentially misleading emissions reduction data.
Market participants have welcomed the draft Taskforce for Nature-related Financial Disclosures (TNFD) framework, set to become the baseline standard for nature-related risk reporting. But NGOs are sceptical of whether it will address the role of large companies in driving biodiversity loss.
British rock band Coldplay's release of its arena tour sustainability report – it is one of few artistes to do so – brought it extra attention. Korean pop powerhouses are starting to align themselves with the climate movement. Observers say it is a good start, but claims need to be scrutinised.
Malaysia’s Employment Provident Fund (EPF) is ready to engage and guide companies towards stronger ESG compliance, but they must be transparent and take progressive action, says Datuk Seri Amir Hamzah Azizan, who heads the EPF.
The first global sustainability reporting standards, to include new requirements for Scope 3 emission, is expected to be published in June 2023. Energy companies would be wise to have robust decarbonisation plans, as opportunities for greenwashing will be limited once full emissions are reported.
By
Christina Ng
Despite the increasing urgency of the climate crisis, many of the world’s most powerful financial actors have continued to invest in the fossil-fuel industry. But a new trend in the law is forcing institutional investors to decarbonise their portfolios – or be held legally accountable.
By
Bevis Longstreth and
Connor Chung
EB Studio
Investors are starting to feel the effects of climate change in an unexpected place – their financial returns. There are now growing calls within the business community to improve the quality and coverage of climate risk disclosure.
Logging scars landscapes, destroys habitats and is a major contributor to climate change. Here's how old Android smartphones--that might otherwise end up in a landfill-- are being used to stop illegal logging and curb climate change impacts.