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IFRS Says Over Half of Global Economy Moving Towards Coverage by ISSB Sustainability Reporting Standards

ESG Today

The IFRS Foundation’s International Sustainability Standards Board (ISSB) was launched in November 2021 at the COP26 climate conference, with the goal to develop IFRS Sustainability Disclosure Standards to provide investors with information about companies’ sustainability risks and opportunities.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable global economy.". "We know this is an issue that many of our 40 million customers care deeply about, particularly in our retail and private banking businesses," Quinn wrote.

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Food waste contributes 10% to global emissions but 9 out of 10 countries’ NDCs fail to focus on food waste and loss

Envirotec Magazine

WRAP warns that food loss and waste have devastating impacts on society and global economies too. The World Economic Forum estimates that food loss and waste costs the global economy $936 billion a year, while more than 783 million people go hungry and a third of humanity faces food insecurity.

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ISSB Standards Launch a “Landmark” for Global Economy

Chris Hall

The post ISSB Standards Launch a “Landmark” for Global Economy appeared first on ESG Investor. Companies using IFRS S2 will be “fully compliant” with the TCFD recommendations, requiring companies to provide information on physical and transitional climate-related risks and opportunities, she added.

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Fossil fuels phase-out pact fizzled at COP27. What more can be done?

Corporate Knights

The latest UN climate change summit (COP27) concluded, once again, with a tussle over the place of fossil fuels in the global economy. COP decisions are not binding and the language on fossil fuels at COP26 was watered down during negotiations.

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Impact on Carbon: How the EcoVadis Network Supports Companies in Tackling Emissions

3BL Media

One recent study found that net zero commitments now cover at least 68% of the global economy. C warming by mid-century – a development that would irrevocably compromise climatic stability. C warming by mid-century – a development that would irrevocably compromise climatic stability.

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Trade group reiterates the environmental and economic value of biogas to new ministers

Envirotec Magazine

Appointments of new COP26 President and Environment Secretary triggers renewed efforts to demonstrate the benefits of biogas for decarbonising the UK and global economies. Ahead of COP26, the UK must show strong leadership and commitment on environmental issues or risk serious embarrassment.

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