Sustainability Weekly 7-17 January

Earlier this year, we published a flash note on ESG criteria in executive compensation, and we reviewed stakeholders’ positions on the Omnibus package on CSRD, the taxonomy and CS3D. BP has postponed its CMD and could announce a decline in its climate ambitions, and a 5% reduction in its workforce. Following BlackRock’s departure from NZAM, the sector climate coalition is suspending its activities. Stéphane Séjourné unveiled key details of the “Clean Industrial Deal”. RWE has had its decarbonisation targets validated by the SBTi. A MunichRe report indicates that climate change has pushed the costs of natural disasters to $ 320bnby 2024. According to a study by Bloomberg Intelligence, the integration of AI in certain banking activities could involve a reduction of 200,000 jobs within 3 to 5 years. A strong lobbying campaign is planned in the face of PFAS regulation in Europe, warns the Corporate Europe Observatory. For its part, Le Monde has published an investigation estimating the cost of PFAS decontamination at € 100bn per year.