The European Commission has unveiled key revisions to the EU Deforestation Regulation (EUDR), aimed at reducing red tape and cutting compliance costs by up to 30%, while still upholding the regulation’s environmental integrity. The move is part of a broader effort under the EU’s Competitiveness Compass strategy to...
DWS Fined €25 Million in Germany Over Greenwashing Allegations
Deutsche Bank’s asset management arm, DWS, has been fined €25 million (approximately USD $27 million) by German authorities for misleading investors about its sustainable investing practices. The fine concludes a multi-year greenwashing investigation led by the Frankfurt public prosecutor’s office. The probe, which bega...
Microsoft Backs India’s Largest Nature-Based Carbon Removal Project
Microsoft has signed its largest carbon removal agreement in the Asia-Pacific region, securing 1.5 million tonnes of carbon removal credits from the Panna afforestation project in Madhya Pradesh, India. The initiative, covering 20,000 hectares, is expected to sequester three million tonnes of CO₂ over three decades while support...
EU Launches Ambitious 2025–2030 Ecodesign Plan Targeting Key Industries
The European Commission has unveiled its 2025–2030 work plan under the Ecodesign for Sustainable Products Regulation (ESPR) and Energy Labelling Regulation, setting the stage for a sweeping transformation in how products are designed, made, and marketed across the EU. The initiative aims to accelerate the transiti...
Qatar Leads Region with $2.5B Green Bond Issuance, Paving the Way for Sustainable Finance
Qatar has taken a significant step in sustainable finance with the issuance of $2.5 billion in green bonds in 2024, marking the first such issuance in the Middle East. This landmark move will fund a wide range of eco-friendly projects and sets a new regional standard for green finance. According to Invest Qatar’s recent...
Abu Dhabi Launches MARSDNA to Revolutionize ESG in the Maritime Sector
Abu Dhabi has introduced MARSDNA, a pioneering digital tool aimed at advancing Environmental, Social, and Governance (ESG) performance in the maritime industry. Developed by Maqta Technologies Group, this free and accessible platform enables maritime stakeholders, ranging from small enterprises to large corporations, to effectiv...