Three-quarters of firms globally are not ready for new ESG rules, KPMG finds
According to a new report from KPMG, three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) data audited externally.
This comes in months before more strict regulations are coming up in European Union, U.S. etc, mostly in time for the 2024 reporting season, to replace a patchwork of voluntary private sector practices for listed companies to make climate-related disclosures.
SEC Fines Deutsche Bank Subsidiary $19 Million for Misstating ESG Objectives
The U.S. Securities and Exchange Commission (SEC) fined DWS Securities, a subsidiary of Deutsche Bank (DB), for $25 million on account of misstatements regarding its ESG reporting as well as failure to set up an anti-money laundering program.
France Announces Plan to Cut Emissions 55% by 2030
French President unveiled the country’s “ecological plan” to cut greenhouse gas (GHG) emissions by 55% by 2030, compared to 1990 levels, in line with the EU’s interim climate goals.
CBRE Signs Deal to Collect Emissions Data from Supply Chain
CBRE Group, one of the world’s largest commercial real estate services and investment firms, has announced a strategic partnership with Emitwise, a carbon accounting software provider which will enable CBRE to collect greenhouse gas emissions data from its supply chain, and to provide its suppliers with carbon accounting capabilities.