In this edition of Carbon Insights, we delve into the latest industry developments, including new environmental and human rights compliance legislation, and the challenges banks face in climate risk management. We also share exciting milestones and new partnerships at CogoHQ. Dive in to explore the latest trends and initiatives driving sustainability forward!
- EU Sustainability Reporting Standards: The EU regulator recommends changes to sustainability reporting standards for SMEs to prevent greenwashing, suggesting businesses should highlight positive environmental impacts and opportunities, not just risks.?
- Climate risk management in US banks: New climate scenario analysis indicates that American banks will face challenges predicting climate change impacts on loans due to data and modelling issues. Potential climate risks could cost trillions and threaten stability.?
- CSDDD Compliance Requirements: By 2029, the CSDDD will mandate European companies to ensure environmental and human rights compliance throughout their supply chains.
- New ‘Electric Homes’ report: Reveals that household electrification could save New Zealanders on average $1500 per year and significantly reduce emissions.
- New framework for sustainable finance in Hong Kong: The Hong Kong Monetary Authority (HKMA) has launched the Hong Kong Taxonomy for Sustainable Finance to standardise green finance definitions and combat greenwashing.
- OTP Bank partnership milestone: The carbon tracker has had 600,000 visits in just 6 months, demonstrating a strong commitment to sustainable living among Hungarians.?
- Collaboration with Terra Nova Foundation: We’re working with the Terra Nova Foundation on the ‘Earth Positive’ programme to improve resilience for Rātā Foundations’s portfolio of not-for-profit partners.
- Partnership with Bantotal: We’ve teamed up with Bantotal to bring carbon management solutions to banks in North and South America, helping customers worldwide measure and reduce their carbon footprint.?
- Future-proofing the collision repair industry: We’re proud to be collaborating with top insurers through the Insurance Council of New Zealand (ICNZ) on a first-of-its-kind industry pilot. Eligible collision repairers can now access the Carbon Manager app for free, enabling them to measure and report business carbon emissions.??
The Cogo team is currently at Money20/20 in Amsterdam! Join us on June 6th, 2024, at 10:50 AM to hear Emma Kisby, Cogo CEO, speak on stage about unlocking success in sustainability. We'd love to connect, so if you can't make the talk, reach out to the team to arrange a meeting.
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