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The United Kingdom on April 20, 2023 unveiled an ambitious but groundbreaking climate change legislation aimed at slashing greenhouse gas (GHG) emissions by a staggering 78% by 2035 compared to 1990 levels. This commitment represents a significant acceleration of the UK’s previous target and places the country at the forefront of global efforts to combat...

Navigating the Path to Carbon Neutrality: Myth or Reality for Companies?

Climate change is an escalating concern that has prompted widespread efforts to achieve net-zero emissions. It has become increasingly common for companies and countries to declare their commitment to carbon neutrality. However, amidst the surge of environmental pledges, the question arises: Can any company genuinely claim to be carbon neutral? To answer this question, we...

Coined about 15 years ago, the term “green deal” represented the concept of a government-led initiative to reboot industry and infrastructure, addressing the urgent need to combat climate change. Today, the European Union (EU) stands as the first governing body to implement a Green Deal, marking a significant milestone in the global fight against climate...

The Corporate Sustainability Reporting Directive (CSRD) has become a pivotal element in the European Union’s (EU) commitment to fostering sustainable business practices. Enacted on January 5, 2023, the CSRD is a legislative framework that compels EU businesses, including qualifying EU subsidiaries of non-EU companies, to provide comprehensive reports on their environmental, social, and governance (ESG)...

In recent years, the urgency of addressing environmental challenges has prompted the rise of innovative solutions aimed at mitigating the impacts of climate change. Phrases like “Climate Tech” and “Cleantech” have become increasingly common, often used interchangeably. However, these terms represent distinct sectors within the broader realm of sustainability technology. Understanding the differences between Climate...

The demand for companies to demonstrate their climate-friendliness and embrace sustainability is rising as the global community continues to increase efforts to mitigate the impacts of climate change. The ambitious efforts to achieve Net Zero are at the forefront of this sustainability movement. Companies that commit to achieving net-zero emissions aim to balance the amount...

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