Over the past two weeks at the 26th Convention of Parties conference (COP26) in Glasgow, the International Financial Reporting Standards (IFRS) Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB). The Trustees confirmed that they are in advanced stages in appointing the Chair and vice-Chair to the Board. This has been long…

Read More

Fossil fuel divestment is the selling of assets related to the extraction and emission of fossil fuels, and it is often accompanied by the redirection of funds into clean energy investment. This practice has been growing in popularity as socially responsible investing has risen in importance, with companies shifting focus towards Environmental, Social and Corporate…

Read More

The new Sustainable Finance Disclosure Regulations (SFDR), which came into effect on March 10th, will impact financial institutions, EU entities, and Non-EU entities that have EU subsidiaries. These new obligations aim to reduce greenwashing by requiring firms to disclose how sustainable they are and reveal comparable metrics related to their sustainability. The new SFDR will…

Read More

Last week the International Organisation of Securities Commissions Organisation (IOSCO), a global association of regulatory agencies for securities, reiterated their support for developing a global framework for sustainability standards. In a recent media release, they recognised the need for “globally consistent, comparable, and reliable sustainability disclosure standards” and introduced their plan to develop a Sustainability…

Read More

CERAWeek by IHS Market, an annual global energy conference based in Texas, convened on March 1st, 2021 with a renewed focus on the ongoing green energy transition. The decarbonisation trend has, in recent years, largely eluded the oil and gas industry, leading to a decline in share prices for traditional multinationals such as Royal Dutch…

Read More

Bitcoin uses more electricity per annum than the Netherlands, UAE, and over double the consumption of Singapore. From data published this month by Cambridge University researchers, Bitcoin consumes around 120.37 GWh per year, which is equivalent to roughly 0.5% of the world’s energy consumption. Bitcoin’s consumption of electricity places it as the 32nd largest energy…

Read More

According to a recently published report by Lancaster University, the IT sector is directly responsible for between 1.8 and 2.8% of global greenhouse gas emissions. The report adds that because of supply chains, the majority of published estimates underestimate the carbon footprint of the sector by as much as 25%. For Big Tech firms such…

Read More