Author: omc_admin

Supply chain sustainability management solutions provider Assent announced the launch of its new EU Deforestation Regulation (EUDR) solution, aimed at enabling manufacturers to comply with the due diligence requirements of the EU’s new law ensuring that products no longer contribute to deforestation and forest degradation globally. The EUDR was initially introduced by the EU Commission in November 2021, with measures aimed at effectively banning deforestation-linked products on the EU market, and establishing strong compliance requirements for companies providing or utilizing key commodities and products such as palm oil, beef, timber, coffee, cocoa, rubber and soy, in addition to some of their…

Fund to back companies addressing climate change, biodiversity loss, healthy nutrition, and good health. €225M already committed by Dutch pension funds; fund remains open to new institutional investors. Partnership with Neuberger Berman to focus on co-investments in buy-out and growth private equity. Achmea Investment Management has launched the Achmea IM PE Partnership Fund – Healthy People & Planet 2025, a private equity impact fund aimed at delivering both competitive returns and measurable social and environmental benefits. The closed-end fund, with a target size of €250 million and a 10–12 year term, will invest in companies that intentionally contribute to climate…

On the downside, continued rejection at the 200-day MA raises the risk of a retest and potential breakdown through this week’s low of $61.94. A close below that level could accelerate losses toward the next major support zone at $56.91. At 14:02 GMT, Light crude oil futures are trading $63.18, down $0.78 or -1.22%. Trump-Putin Talks Stir Caution Ahead of Possible Russia Sanctions Relief Traders are closely monitoring Friday’s high-stakes meeting between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska. A potential ceasefire deal in Ukraine could pave the way for easing Western sanctions on Russian oil…

In its latest short term energy outlook (STEO), which was released on August 12, the U.S. Energy Information Administration (EIA) projected that the U.S. regular gasoline retail price will drop in 2025 and 2026. The EIA projected in the STEO that the U.S. regular gasoline retail price will average $3.07 per gallon this year and $2.88 per gallon next year. In its previous STEO, which was released in July, the EIA saw the U.S. regular gasoline retail price averaging $3.09 per gallon in 2025 and $3.04 per gallon in 2026. Both STEOs highlighted that the U.S. regular gasoline retail price…

Oil prices fell by more than 1% early on Friday as the market awaits the outcome of the summit between U.S. President Donald Trump and his Russian counterpart Vladimir Putin, who will discuss a potential ceasefire in Ukraine. As of 9:37 a.m. EST on Friday, the U.S. benchmark oil price, WTI Crude, was down by 1.38% at $63.10, as President Trump departed for Anchorage, Alaska, to meet with Putin. The international benchmark, Brent Crude, traded 1.18% lower at $66.07 per barrel.   The face-to-face meeting between President Trump and Putin is expected to begin around 3 p.m. EST and it’s unclear how long it…

CNH becomes the first agricultural machinery manufacturer to join the UN Global Compact Brazil Network. The company will support SDGs 2, 12, and 13 through the Platform for Sustainable Agriculture. Recognized for ESG leadership, CNH ranks in the top 5% globally in the S&P Global Sustainability Yearbook. CNH, a global leader in equipment, technology, and services for agriculture and construction, has joined the UN Global Compact Brazil Network, reinforcing its commitment to sustainable development in the sector. While already a signatory at the global level, the company’s participation in Brazil connects it to local initiatives, particularly the Platform for Sustainable…

The latest round of United Nations negotiations aimed at securing a legally binding treaty to end plastic pollution ended Friday without agreement, but with countries pledging to keep working toward a deal. “This has been a hard-fought 10 days against the backdrop of geopolitical complexities, economic challenges and multilateral strains,” said Inger Andersen, Executive Director of the UN Environment Programme (UNEP). “However, one thing remains clear: despite these complexities, all countries clearly want to remain at the table.” 10 Days of Intensive Negotiations The resumed fifth session of the Intergovernmental Negotiating Committee (INC-5.2) brought together more than 2,600 participants at…

David Fogarty leaves CBRE after 14 years, including three years heading Asia’s sustainability team. Brings over 20 years’ experience in ESG, net zero planning, and corporate transformation. Will oversee flagship initiatives including UNGCNS Summit, LowCarbonSG, and Singapore Apex Corporate Sustainability Awards. David Fogarty has been appointed Executive Director of the UN Global Compact Network Singapore (UNGCNS), effective 1 October 2025. He joins after 14 years at CBRE, where he most recently led Sustainability & ESG Consulting for Asia Pacific, driving corporate climate strategies and spearheading initiatives like the acquisition of Singapore-based Paia Consulting. A long-time champion of sustainability in the…

FCA says UK’s sustainability-linked loan (SLL) market has matured since 2023, with more relevant and ambitious sustainability targets and stronger governance. Banks increasingly willing to declassify poorly structured SLLs, raising overall market integrity. Scaling the market—especially for SMEs—remains difficult due to high reporting costs, assurance requirements, and large loan size thresholds. The UK’s Financial Conduct Authority (FCA) says the sustainability-linked loan (SLL) market has taken “important steps in the development of a credible transition finance ecosystem” since its 2023 review, with better practices, more robust product structures, and stronger alignment between sustainability targets and borrowers’ business models. SLLs tie financing…

Businesses setting both near-term and net-zero science-based targets more than tripled in 18 months. Asia recorded 134% growth in companies with validated targets, with China alone up 228%. Industrials, Consumer Discretionary, and Materials sectors dominate adoption rates globally. The Science-Based Targets initiative (SBTi) reports a sharp rise in corporate climate ambition, with the number of companies committing to both near-term and net-zero science-based targets climbing 227% between the end of 2023 and mid-2025. The share of companies setting near-term targets alone nearly doubled over the same period, marking a decisive shift toward long-term strategic climate planning. Asia has emerged as…