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UL Solutions Launches New Scope 3 Data and Sustainability Reporting Solutions
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Applied safety science company provider UL Solutions announced the launch of a series of new sustainability-focused software solutions, including tools to help companies manage supply chain emissions data, meet ISSB sustainability reporting requirements and plan renewable energy deployment. The new solutions form part of UL Solutions’ ULTRUS software platform, which ais to help companies ULTRUS…
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Clarity AI Acquires Sustainability-Focused Fintech ecolytiq
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Sustainability technology company Clarity AI announced today the acquisition of ecolytiq, a provider of in-app climate engagement solutions for financial institutions, in a move described by Clarity AI as aimed at expanding its climate engagement offering for global retail and commercial banking financial institutions, as well as its consumer engagement capabilities. Founded in 2020, Berlin-based…
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EU to Develop Nature Credits Market to Fund More Sustainable Agriculture Practices
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The European Commission announced the launch of its “Roadmap towards Nature Credits,” aimed at helping to develop a new market for nature credits, enabling farmers and foresters to fund activities to protect and preserve biodiversity and ecosystems through the facilitation of private capital flows from companies and investors. Similar in concept to carbon credits, which…
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EFRAG Considers 66% Reduction in European Sustainability Reporting Standards Datapoints
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The European Financial Reporting Advisory Group (EFRAG) revealed that it is currently considering changes to the European Sustainability Reporting Standards (ESRS) underlying the EU’s CSRD regulation that would reduce datapoints reported by companies by approximately two-thirds, and include a “drastic decision” to eliminate voluntary disclosure, or “may” datapoints. The plans were released with the publication of…
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CapitaLand Launches New Framework to Quantify the Financial Return of Sustainability Investments
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Singapore-based real estate investment manager CapitaLand Investment (CLI) announced the launch of its new “Return on Sustainability (RoS) framework,” aimed at quantifying the financial value of green capital expenditure. The new tool has been established at a time when expectations shift from climate pledges to demonstrable results. Featured in CLI’s latest Global Sustainability Report, the…