We’ve compiled a quick sustainability round-up of the top news, features, and interviews from our website, covering the highlights of week 33 of 2023.
1. Amazon dropped from UN-backed SBTi climate initiative
The Science Based Targets initiative (SBTi), a United Nations-backed organisation that helps companies set and validate emissions reduction targets in line with climate science, has removed Amazon from its list of companies taking action on climate goals.
2. Sustainability standards vs frameworks vs ratings
In this article, we explain the differences between standards, frameworks, and ratings in more detail and expand on how these terms improve company reporting and drive forward the sustainability agenda.
3. New ‘one-stop shop’ launched for sustainability-focused SMEs
UK businesses can now access new advice and support to reduce their energy bills and reduce their carbon emissions from the newly launched (14 August) UK Business Climate Hub.
4. Over a third of global market capitalisation now covered by Science-Based Targets
The proportion of the global economy represented by companies that have set, or committed to set science-based targets reached 34% by market capitalisation in 2022, according to a new report.
5. FCA sets date to finalise UK sustainability disclosure rules
The UK’s Financial Conduct Authority (FCA) will be consulting in the first quarter of 2024 on proposals to implement sustainability disclosure rules incorporating the International Sustainability Standards Board’s (ISSB) IFRS S1 and S2 standards for listed companies.
