Palm oil players are required to prove that their products are deforestation-free beyond the standards of current certification schemes, says a Wilmar International representative. It might lead to these schemes losing their relevance.
Masungi Georeserve and its partners have managed to save some 1,500 hectares from illegal quarrying after the cancellation of three extraction agreements in February. But now the sanctuary is facing pressure from the government's Bureau of Corrections as the agency seeks land for a new headquarters.
Malaysia's financial institutions are gearing up to make mandatory climate-related risk disclosures over the next two years. New guidelines designed to be aligned with the globally-accepted TCFD recommendations, now sets out best practices for the management of disclosures by banks, insurers and takaful operators.
When asked if affected parties can file their complaints with an accountability mechanism it has in place, the Asian Development Bank said that people should first turn to a grievance redress channel that the Cirebon 1 operator has set up at the project level.
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.
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.
Bevis Longstreth and
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.