To drive decarbonization, financial institutions need to uncover the carbon hotspots in their portfolios. Learn how Societe Generale works with its trade finance client Concord to: quantify their carbon footprint; rate suppliers and benchmark performance; track progress over time with KPIs; explore sustainable finance opportunities.

The U.S. securities regulator proposed requiring U.S.-listed companies to disclose a range of climate-related risks and their own greenhouse gas emissions. Among its key requirements: companies must disclose their own direct and indirect greenhouse gas emissions, known as Scope 1 and 2 emissions, respectively, as well as those generated by suppliers and partners, known as Scope 3 emissions, if material.

The war in Ukraine risks derailing efforts to curb global warming if countries try to replace Russian fossil fuels by boosting oil and gas supplies at home, said United Nations Secretary General António Guterres.

NEXT Energy Solutions survey more than 200 cross-industry senior managers, executives and C-suite decision-makers from US businesses, to gauge their thoughts on corporate responses to the climate crisis. The survey found that a third of US businesses are losing employees, sales and investment opportunities by failing to adequately address the climate crisis.

One of the world’s biggest energy reinsurers, Swiss Re, has set out plans to limit the number of oil and gas companies it will provide cover to, as it works towards a 2050 net-zero target.

ADM, with operations in southwest Cedar Rapids, has announced a new commitment to reduce the company’s Scope 3 greenhouse gas emissions by 25% by 2035 against a 2019 baseline.

Austrian player intends to transform its exploration and development business rapidly, with big plans for chemicals and decarbonised materials.