German insurance giant Allianz has disclosed €4.8 billion in fossil fuel bonds in its 2024 annual report, despite its exclusion policies. The company plans to phase out these investments while expanding its renewable energy portfolio.

Allianz’s Fossil Fuel Holdings and Sustainability Commitments

Allianz’s latest report reveals a significant gap between its exclusion policies and its financial holdings, with €3.1 billion in oil bonds and €1.7 billion in coal bonds. However, the company has reaffirmed its commitment to sustainability, with major investments in wind and solar power—enough to supply over 1.2 million households with renewable energy.

To better track ESG (Environmental, Social, and Governance) investments, Allianz and other investors are turning to ESG tools for more transparent corporate sustainability monitoring.

JetBlue Expands Use of Sustainable Aviation Fuel at JFK

The sustainable aviation fuel (SAF) market is gaining momentum, with JetBlue Airlines set to utilize at least 1 million gallons of SAF over the next year at New York’s JFK Airport. SAF can reduce greenhouse gas emissions by up to 88% compared to conventional jet fuel, marking a significant step toward decarbonizing the aviation industry. The fuel will be supplied by Diamond Green Diesel, a joint venture between Valero and Darling.

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UberEats Introduces Green Packaging and Electric Motorcycles in the UK

UberEats is enhancing its sustainability efforts in the UK with two new initiatives. The company has introduced a Green Packaging badge to highlight restaurants that use compostable, locally recyclable, or reusable packaging. Additionally, UberEats has partnered with electric motorcycle rental company Zenion to provide 2,200 electric motorcycles for delivery services in London, reducing emissions from food deliveries.

City of London Pushes for ISSB Sustainability Standards

The International Regulatory Strategy Group (IRSG) has released a roadmap to guide the adoption of International Sustainability Standards Board (ISSB) regulations, aiming for greater consistency in global sustainability disclosures. The report, published by the City of London, includes recommendations on Scope 3 emissions reporting and phased implementation to balance investor needs with corporate capacity.

As ESG regulations continue to evolve, businesses can leverage ESG tools to align with emerging sustainability reporting requirements.

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