Schroders, the global asset management firm, has teamed up with Cornell University’s Global Labor Institute (GLI) to unveil a new stewardship framework aimed at strengthening corporate resilience in sectors most vulnerable to climate change. The initiative targets industries such as apparel, food, and construction, where physica...
IFC Launches Overhaul of $4.5 Trillion Sustainability Framework to Align with Global ESG Demands
The International Finance Corporation (IFC) has initiated a sweeping, multi-year review of its Sustainability Framework—one of the most influential environmental and social safeguard systems for private sector investments in emerging markets. The update, set to conclude in 2028, will bring the framework in line with evolving glo...
Aramco and BYD Forge Strategic Alliance to Advance Low-Emission Vehicle Technologies
In a major step toward decarbonizing the transport sector, Aramco and Chinese electric vehicle giant BYD have entered into a strategic alliance to accelerate innovation in energy-efficient and low-emission vehicle technologies. The partnership is anchored by a Joint Development Agreement between Saudi Aramco Technologies Company...
ESMA Recommends Lighter Compliance Load and Clearer ESG Disclosures for Benchmarks
The European Securities and Markets Authority (ESMA) has released the findings of its 2024 Common Supervisory Action (CSA), calling for regulatory relief and improved ESG transparency under the EU Benchmarks Regulation (BMR). This coordinated review—ESMA’s first in partnership with National Competent Authorities (NCAs)—marks a s...
EU Streamlines Deforestation Regulation, Slashes Compliance Costs for Businesses
The European Commission has unveiled key revisions to the EU Deforestation Regulation (EUDR), aimed at reducing red tape and cutting compliance costs by up to 30%, while still upholding the regulation’s environmental integrity. The move is part of a broader effort under the EU’s Competitiveness Compass strategy to...
ASIC Issues Guidance on New Mandatory Climate Reporting Rules for Australian Companies
The Australian Securities & Investments Commission (ASIC) has released Regulatory Guide 280 (RG 280), outlining its approach to overseeing compliance with Australia’s new mandatory climate-related financial disclosure requirements. The guide offers clarity for companies preparing sustainability reports under the ...