Today’s ESG Updates
- Brussels Eyes Energy Law Overhaul: EU considers easing industry regulations; proposals may be delayed until May.
- New Renewable Energy Tool for Australian Landowners: RELA Assess 2.0 aids landowners in evaluating renewable projects; launches later this year.
- IKEA Australia Slashes Emissions by 89%: Achieves 100% renewable electricity, invests $125M in price cuts, expands zero-emission deliveries.
- South Korea’s Deadliest Wildfires: 28 dead, 45,000 hectares burned, 30,000 displaced; climate change worsens wildfire risks.
Brussels eyes energy law overhaul to boost industry, sparks debate
The European Commission is considering changes to EU energy laws to reduce regulatory burdens on struggling industries. As part of its “simplification omnibus” proposals, Brussels aims to streamline policies like the energy efficiency directive and renewable energy law. Industries support the initiative, citing competitiveness concerns, while critics argue it weakens corporate accountability. The proposals, initially expected in April, may be delayed until May. The Commission has not confirmed whether energy rules will be included. The EU’s energy law reforms aim to ease industry burdens but risk undermining ESG solutions
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Further reading: EU targeting energy laws in drive to cut red tape, sources say
New tool empowers Australian landowners in renewable energy deals
Australian landowners can now use RELA Australia’s Assess 2.0 tool to evaluate renewable energy potential on their land. Supported by a $500,000 ARENA grant, the upgraded tool integrates farm plans and automated assessments to aid decision-making. It helps landowners negotiate fair deals with renewable developers while aligning with Australia’s net-zero goals. RELA’s Chief of Product, Stuart Gourley, highlights its enhanced capabilities for informed, faster decisions. Assess 2.0 will be available later this year.
Photo Credit: Wikicommons
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Further reading: New Tool Guides Landowners on Renewable Energy Transition
IKEA Australia cuts emissions by 89% while driving growth and sustainability
IKEA Australia’s FY24 sustainability report highlights an 89% reduction in its climate footprint since FY16, alongside 68% revenue growth. The company achieved 100% renewable electricity use, invested $125 million in price cuts, and met a 50/50 gender balance in management. It supported refugee employment, aided domestic violence survivors, and diverted waste through recycling initiatives. With 45% zero-emission deliveries and $4.5 million in EV infrastructure, IKEA aims for 100% metro zero-emission deliveries by 2025.
Photo Credit: Wikicommons
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Further Reading: IKEA Australia Cuts Climate Footprint by 89% Since 2016 While Growing Revenue
South Korea battles deadliest wildfires as 28 Killed, thousands displaced
South Korea battles its worst wildfires, with 28 dead and over 45,000 hectares burned across southeastern regions. Light rain provided slight relief, but strong winds continue to spread flames. Firefighters and 80 helicopters are working to contain the blaze, which has displaced 30,000 residents and destroyed historic sites. Uiseong and Andong report progress, but Yeongdeok remains largely ablaze. Experts warn climate change is fueling more frequent and deadly wildfires globally. Companies can use ESG tools to keep updated with investment and legislations.
Photo Credit: Wikicommons
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Further reading: South Korea hopes to use break in weather to contain deadly wildfires
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Wikicommons
