EcoVadis, Vertice Partner to Integrate ESG Ratings into the Procurement Process

Sustainability ratings and solutions provider EcoVadis and AI procurement platform Vertice announced the launch of a new partnership aimed at integrating ESG ratings and scores directly into the procurement workflow. Founded in 2021, London-based Vertice offers an intelligent procurement platform,…

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Datamaran Launches Tool to Help Companies Identify Regulatory Obligations

ESG-focused software analytics platform provider Datamaran announced today the launch of Applicability Assessment, a new tool designed to help companies determine which regulatory requirements apply to their operations across multiple entities and jurisdictions. The new feature forms part of Datamaran’s…

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Epoch Raises $4.25 Million to Help SMEs Comply with EUDR Supply Chain Deforestation Regulation

Supply chain intelligence platform Epoch announced today that it has raised $4.25 million in a seed funding round, alongside the launch of a new solution aimed at automating compliance for small and mid-sized businesses (SMBs), starting with the EU Deforestation…

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Lufthansa Renames Green Fares to Align with Anti-greenwashing Regulation

Lufthansa Group announced that it is renaming its Green Fare, its offering enabling passengers to contribute to emissions reduction and removal initiatives, to Impact Fare, with the company citing “new regulatory requirements for environmental communication” as driver for the change.…

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Investors Urge ISSB to Issue Mandatory Nature-Related Reporting Standard

A group of 15 financial institutions*, including Federated Hermes Limited, Nordea AM and Rabobank, announced the publication of a letter submitted to the IFRS Foundation’s International Sustainability Standards Board (ISSB), urging the organization to develop a mandatory, standalone standard for…

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Blackrock’s Akaysha Energy Secures $1.2 Billion to Build Out Battery Storage Platform

Australian battery energy storage systems (BESS) developer and operator Akaysha Energy announced that it secured a A$1.75 billion (USD$1.23 billion), financing facility to refinance existing debt across four battery storage projects in Australia, supporting the company’s next phase of large-scale…

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GHG Protocol to Push Back Stricter Scope 2 Reporting Rules After Corporate Objections

Greenhouse Gas (GHG) reporting framework provider GHG Protocol provided an update on its progress to revise its standard for reporting of Scope 2 emissions, indicating that it plans to delay the mandatory application of its stricter rules requiring companies to…

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ESG Today: Week in Review

This week in ESG news: ISSB releases proposed nature-related corporate reporting requirements; Coca-Cola, Nestlé, Danone commit to improve packaging claims after EU greenwashing complaint; ESMA focuses sustainability reporting enforcement priorities on materiality, impacts, risks and opportunities disclosure; Citi creates bond…

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