Royal Bank of Canada (RBC), the country’s largest lender, has abruptly withdrawn its $500 billion sustainable finance commitment, citing regulatory uncertainty and the growing legal risks tied to greenwashing under Canada’s newly amended Competition Act. The shift, confirmed in RBC’s 2024 Sustainability Report, reflect...
Tax Executives Brace for Increased Disclosure and Sustainability Demands, Deloitte Survey Finds
A new survey from Deloitte reveals that tax executives worldwide are navigating increasing pressure from both regulatory changes and digital transformation. With sustainability concerns rapidly rising, 82% of tax professionals anticipate a surge in public tax disclosure requirements over the next two to three years. This reflect...
Kering Pledges Net Water-Positive Impact by 2050 with Groundbreaking Strategy
Kering, the global luxury group, has launched an ambitious Water-Positive Strategy, committing to a net water-positive impact by 2050. The strategy aims to deliver tangible water improvements in 10 high-risk basins by 2035, marking a significant shift in corporate water stewardship. “The need for responsible corporate water s...
India’s SEBI Introduces New Guidelines for ESG Rating Withdrawals
India’s market regulator, the Securities and Exchange Board of India (SEBI), has unveiled new guidelines detailing when and how ESG (Environmental, Social, and Governance) ratings can be withdrawn by rating agencies. This development aligns the country’s ESG withdrawal standards with long-established credit rating practices and ...
Canada’s First Large-Scale BECCS Project to Use Real-Time Carbon Tracking Tech
In a major step toward digitizing and scaling carbon removal, Carbon Alpha has partnered with Mangrove Systems to deploy advanced real-time monitoring, reporting, and verification (MRV) technology for its North Star project—Canada’s first industrial-scale Bioenergy with Carbon Capture and Storage (BECCS) ...
Mizuho and Invest India Partner to Drive Green Growth and Sustainable Investments
Mizuho Bank has made history by becoming the first Japanese financial institution to sign a Memorandum of Cooperation (MoC) with Invest India, creating a unique partnership to accelerate investments in India’s decarbonization and clean energy sectors. This collaboration is designed to leverage the strengths ...