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ESG Today: Week in Review

ESG Today

This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supply chain 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 (..)

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Four for 2024

Chris Hall

David Grimaud, CEO, Bamboo Capital Partners, makes the case for stronger commitments to impact investing to deliver on the UN SDGs. The EU Digital Product Passport , will be launched in 2026. I am convinced that impact investing will become part of the mainstream financial eco-system.

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ESG from a Corporate Vantage Point – Anniversary Update

Sustainability Update

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 supply chain. Additional Highlights. Additional Highlights.

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US Climate Reporting Framework “Strikes a Good Balance”

Chris Hall

But they will only be expected to disclose Scope 3 emissions – those for which they are indirectly responsible along their supply chains – 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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Keeping Up with the Neighbours 

Chris Hall

Australia introduced a Modern Slavery Act in 2018, requiring reporting from corporates and investors on slavery preven tion in their supply chains.