Author: omc_admin
Smaller Company Relief: EU Council raises thresholds, cutting sustainability reporting burdens for up to 80% of firms. Due Diligence Scaled Back: CSDDD scope limited to companies with 5,000+ employees and €1.5B+ turnover, shifting to a risk-based approach. Transition Plan Delayed: Obligation for climate transition plans postponed by two years, with narrowed requirements. The EU Council has adopted a sweeping negotiating position that significantly scales back corporate sustainability reporting and due diligence rules, exceeding the deregulatory ambitions of the European Commission’s original Omnibus proposal. The Council’s position centers on cutting compliance burdens and protecting smaller companies by revising the Corporate Sustainability…
L’Oréal’s new Sustainable Innovation Accelerator, backed by €100M over 5 years, targets seven critical sustainability areas in the beauty sector. In partnership with the University of Cambridge Institute for Sustainability Leadership (CISL), the program offers mentorship, pilot development, and potential investment. Startups, SMEs, and established companies have until September 30, 2025, to apply for the 12-month accelerator focused on cutting-edge solutions like plastic alternatives, circular packaging, waterless products, and regenerative sourcing. L’Oréal Groupe, the global beauty leader, has launched a €100 million Sustainable Innovation Accelerator aimed at scouting and scaling breakthrough sustainability solutions across the beauty industry. The initiative, run…
Hinge CEO Justin McLeod said he doesn’t believe artificial intelligence is the cure for the loneliness plaguing young people.McLeod had much to say about AI’s role in dating during a recent interview with Nilay Patel on the “Decoder” podcast. The Hinge founder, who’s been skeptical about using AI for dating, is adamant that it can’t fully replace human connections.His stance contrasts with that of another leader who built a business on online social interactions: Mark Zuckerberg. The Meta CEO recently said in an interview with podcast host Dwarkesh Patel that “the average person has demand for meaningfully more” friends, and…
96% of production waste reused, recycled, or recovered in 2024, with less than 1% sent to landfill for three consecutive years. Over 160 tons of waste eliminated through digital and process improvements in factories across Denmark, China, and Mexico. Innovative circular systems adopted, including supplier partnerships to reuse packaging cores, reducing cardboard waste by 39 tons in Czechia. The LEGO Group has achieved a major environmental milestone, maintaining zero waste to landfill across its global manufacturing sites for the third year in a row. The company reported that in 2024, 96% of waste generated during LEGO® brick production was reused,…
A picture taken on August 20, 2010 shows an Iranian flag fluttering at an undisclosed location in … More the Islamic republic next to a surface-to-surface Qiam-1 (Rising) missile which was test fired a day before Iran was due to launch its Russian-built first nuclear power plant. Iranian Defence Minister Ahmad Vahidi said the missile was entirely designed and built domestically and powered by liquid fuel. AFP PHOTO/VAHID REZA ALAEI (Photo by Vahidreza ALAEI / AFP) (Photo by VAHIDREZA ALAEI/AFP via Getty Images)AFP via Getty Images Whether Iran has actively sought a nuclear weapon remains unanswered, but there is no…
A picture taken on August 20, 2010 shows an Iranian flag fluttering at an undisclosed location in … More the Islamic republic next to a surface-to-surface Qiam-1 (Rising) missile which was test fired a day before Iran was due to launch its Russian-built first nuclear power plant. Iranian Defence Minister Ahmad Vahidi said the missile was entirely designed and built domestically and powered by liquid fuel. AFP PHOTO/VAHID REZA ALAEI (Photo by Vahidreza ALAEI / AFP) (Photo by VAHIDREZA ALAEI/AFP via Getty Images)AFP via Getty Images Whether Iran has actively sought a nuclear weapon remains unanswered, but there is no…
Zero-emission nuclear plant: NYPA to develop at least 1 GW of advanced nuclear capacity to boost grid reliability and meet climate goals. Strategic energy move: Initiative strengthens New York’s energy independence and complements renewable power deployment. Public-private partnerships encouraged: NYPA to collaborate with private sector, focusing on feasibility, financing, and site selection. Governor Kathy Hochul has directed the New York Power Authority (NYPA) to develop and construct the state’s first new nuclear power facility in a generation, a zero-emission advanced reactor in Upstate New York. The plant is expected to deliver at least one gigawatt of electricity and play a…
Activity in India’s private sector surged in June as companies ramped up production to meet surging domestic and international demand. A survey released on Monday showed record export growth and robust hiring, while talks with Washington continue on the two countries’ efforts to reach a new framework trade deal in the next two weeks. The economic news at home is positive, with the HSBC Flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, jumping to a 14-month high of 61.0 this month from 59.3 in May. The 50-mark separates growth from contraction and the latest data showed nearly…
After being rebuffed by MEG Energy on its offer to acquire all the issued and outstanding shares of the company, Strathcona said it “welcomes the MEG board’s efforts to market-test the offer against other acquisition proposals”. “Strathcona is delighted that the MEG board has accepted Strathcona’s recommendation to initiate a strategic alternatives process for the business and fully supports them contacting other potential acquirers to determine if a superior transaction to Strathcona’s offer is available,” Stratchona Executve Chairman Adam Waterous said in a statement. On May 30, Strathcona made a formal offer to acquire all the issued and outstanding MEG…
My top 10 things to watch Tuesday, June 24 1. Is there an Israel-Iran ceasefire or not? President Donald Trump announced an agreement to end the conflict, but hours later, Israel accused Tehran of violating it. Trump said Israel will not go through with a retaliatory strike on Iran, and that the truce is still in effect. 2. Oil prices were down more than 3%, extending yesterday’s steep slide, despite all the ceasefire confusion. U.S. oil benchmark WTI was still up over 7% for the month. Oil has been a barometer for measuring the risk of the Israel-Iran conflict. 3.…