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This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supplychain emissions reduction milestone; S&P forecasts $1 trillion sustainable bond market in 2024; Airbus, TotalEnergies launch sustainable aviation fuel partnership; Verizon invests $1 billion in renewable energy; EU lawmakers agree to certification (..)
David Grimaud, CEO, Bamboo Capital Partners, makes the case for stronger commitments to impactinvesting to deliver on the UN SDGs. The EU Digital Product Passport , will be launched in 2026. I am convinced that impactinvesting will become part of the mainstream financial eco-system.
Proposes TCFD-like reporting requirements within Reg S-K and financial metrics within Reg S-X, with phase-in 2023-2026 based on registrant filer status. January 2023 – GRI “Universal Standards” will go into effect, which will include supplychain. Additional Highlights. Additional Highlights.
But they will only be expected to disclose Scope 3 emissions – those for which they are indirectly responsible along their supplychains – that are considered material, with a liability safe harbour softening this particular requirement. . All emissions disclosures would be phased in between 2023-2026. .
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