Today’s ESG Updates
- EU Eases ESG Reporting: EU simplifies ESG rules under pressure from Germany and France to reduce business burdens.
- DiCaprio Joins Sky’s Fund: DiCaprio’s VC takes over Sky’s sustainability fund, focusing on sustainable packaging and plastics.
- Boeing Invests in SAF: Boeing partners with Norsk e-fuel to develop sustainable aviation fuel, cutting emissions by 90%.
- Cafe Ube Trials Carbon Labels: Café Ube in Jersey adds carbon footprint labels to its menu, promoting sustainable choices.
EU eases ESG reporting rules amid French demands
The European Union is facing mounting pressure to scale back its ESG reporting requirements. Germany recently announced its contest for CSRD reporting, and France has joined the proposal. France seeks to ease the scope of the regulatory framework to reduce the burden on businesses, particularly smaller ones, by simplifying the complex rules. The goal should be to have rules that are manageable for companies but not costly for businesses. Businesses can stay ahead of the regulations with affordable ESG solutions.
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Further reading: EU Set to Cut ESG Red Tape as France Adds to Mounting Pressure
Leonardo DiCaprio joins Regeneration investment fund with Sky
Leonardo DiCaprio-backed Regeneration VC has taken over the management of Sky’s sustainability-focused fund. The takeover involves the management of Sky’s portfolio, which includes initiatives from companies developing sustainable packing and next-generation plastics. These initiatives follow the larger trend of corporates wanting to make changes to their supply chains. Both funds focus on consumer startups with a climate agenda, with the funds aiming to provide backing to less funded but equally impactful initiatives besides energy and mobility.
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Further reading: Leonardo DiCaprio-backed VC takes over management of Sky’s climate fund
Boeing partners with Norsk e-fuel to develop synthetic aviation fuel
Boeing has announced an investment in Norsk e-fuel to produce sustainable aviation fuel (SAF). The investment involves technology that combines recycled CO2 with green hydrogen generated from fossil-free power to create SAF. Compared to conventional jet fuel, this solution can reduce the lifecycle greenhouse gas emissions of air travel by 90%. The investment is a step to accelerate production and availability of SAF to meet net-zero carbon emission targets.
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Further reading: Boeing Invests in Synthetic Aviation Fuel Producer Norsk e-Fuel
Cafe Ube is trialling carbon labelling on food products
Jersey cafe chain ‘Cafe Ube’ has started listing the carbon footprint of its products. This scheme is in partnership with the government to endorse more ‘carbon-conscious’ choices. Menu items receive recipes analysed using carbon accounting software to give products a rating from A to E, with A being the most carbon-friendly and E being the least. Businesses wanting to become more sustainable can make use of similar ESG software to reduce carbon impact.
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Further Reading: Cafe trial lists carbon footprint impact on menu
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Antoine Schibler
