Sustainability Weekly 27-31 January 2025

Last week, the European Commission presented the “Competitiveness Compass”, its roadmap to “regain competitiveness and ensure sustainable prosperity”. We look back at the impact of DeepSeek on the sustainability of AI LLMs. The European strategic dialogue on the future of the automotive industry has been launched; an Action Plan will be presented on March 5. According to the Voluntary Carbon Markets Review by MSCI Carbon Markets, Shell, ENI and ENGIE are among the top 10 companies that have “retired” carbon credits in 2024. Shell has released its FY2024 earnings, with a decline in decarbonization ambitions as expected. Last week, we also published a flash note following the exodus of US banks from climate coalitions, as well as a flash analyzing a study by Nature Climate Change suggesting no sanctions for emitters not respecting their climate targets. On the social side, STMicroelectronics is considering workforce reductions of up to 3,000 positions. Stellantis announces new permanent hires at its new plants. CARBIOS begins a reorganization and downsizing project. In a new report, the Cambridge Institute for Sustainability Leadership identifies best practices at Board level to improve sustainability performance.