Cross industry News | ESG & Sustainability | OneStop ESG

EU to Introduce Standardized Carbon Labels for Flights

The European Commission has proposed a new initiative, the EU Flight Emissions Label (FEL), aimed at offering passengers clear information on the carbon emissions of their flights. Part of the broader ReFuelEU Aviation regulations, the FEL will standardize how flight emissions are calculated, addressing current discrepancies across airlines. Passengers will see this information when booking flights within or departing from the EU, enabling them to make more environmentally conscious decisions. With only 5% of passengers currently having access to emissions data, despite high demand for it, the FEL will include factors like aircraft type, passenger load, and fuel used. The initiative is voluntary for airlines starting in 2025, and a dedicated website will allow public comparison of emissions across airlines. This move aims to combat greenwashing and promote cleaner operations by rewarding airlines that invest in sustainable practices, fostering competition towards lower emissions in the aviation sector.

Climate Change Impacting 75% of Farmers Globally: Survey Highlights Need for Innovation

The 2024 Farmer Voice survey, conducted by Kynetec for Bayer, reveals that 75% of farmers globally are experiencing the effects of climate change or are concerned about its future impact. Key challenges include reduced crop yields, pest attacks, and financial losses due to extreme weather events. In India, 41% of farmers cite pest attacks as their primary issue, while rising costs of crop protection chemicals and labour shortages add further stress. Despite these hurdles, 80% of Indian farmers are willing to adopt new technologies, though high costs pose barriers. Regenerative agriculture is also gaining traction, with 80% of Indian farmers employing soil-health-focused practices, though awareness of the term remains limited. The survey underscores the need for increased innovation and collaboration between farmers, businesses, and society to build resilient, sustainable farming systems that can withstand the growing impacts of climate change.

Urgent Call to Action: UNEP FI Urges Governments to Address Systemic Climate Risk

UNEP FI urges governments to urgently tackle systemic climate risks, emphasizing the need for robust regulations and collaboration to protect economies and promote sustainable finance.

Accenture and UN Spotlight AI's Role in Advancing Sustainable Development Goals Amid Global Crises

Accenture and the UN highlight how generative AI can accelerate progress on Sustainable Development Goals, offering innovative solutions amid global crises.

Ursula von der Leyen Unveils New EU Commission Team to Tackle Climate Action and Competitiveness

Ursula von der Leyen announces a new EU Commission team focused on climate action, security, and competitiveness, aiming to drive sustainable policies and boost economic growth in Europe.

MSCI Launches Groundbreaking Carbon Project Ratings to Enhance Market Integrity

MSCI has launched Carbon Project Ratings, evaluating over 4,000 carbon credit projects for integrity and impact, enhancing transparency and investor confidence in the carbon market.

SBTi Enhances Corporate Net-Zero Standard to Refine Emission Neutralization

The SBTi has updated its corporate net-zero standard, emphasizing genuine emissions reductions over offsetting, and enhancing transparency and accountability for companies' climate actions.

Vanguard Reports 24% of Investors Opt for ESG Policies in Proxy Choice Pilot

Vanguard's proxy choice pilot reveals 24% of investors favor ESG policies, highlighting a growing commitment to sustainable investing among retail participants.

$29 Trillion Investor Coalition Calls for Action on Climate Reporting

A coalition of investors managing $29 trillion urges global governments to implement mandatory climate reporting and tailored sectoral strategies to tackle climate risks effectively.

Indian Corporations and Financial Giants Commit $386 Billion to Green Energy Goals

Reliance, Adani, and major financial firms pledge $386 billion to help India reach 500 GW of clean energy by 2030, marking a major step in the country’s renewable energy transition.

EU Energy Report: GHG Emissions Down 32.55% Since 1990, While Economy Grew by 67%

73% of UK Organisations Prioritise Net Zero, But Over Half Face Barriers, Reveals 2024 UK Net Zero Census Report