- Shaken Not Burned
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- Sustainable Finance with Environmental Defense Fund Europe
Sustainable Finance with Environmental Defense Fund Europe
Shaken Not Burned
Highlighting changemakers and solutions
Welcome to the latest edition of Shaken Not Burned.
On this week’s episode, the team kicks off with a discussion of the EU’s Corporate Sustainability Due Diligence Directive (CSDDD). These long-anticipated regulations entered into force on 25 July, requiring large companies operating within the EU to identify, monitor and disclose the environmental and social impacts of their activities across the value chain.
Next, we delve into the latest innovation in the construction sector. C-Crete’s basalt-based concrete has garnered widespread attention for excluding Portland cement, the component typically associated with the brunt of concrete’s emissions.
Finally, we examine the steady growth of the cultured meat market. Cultured meat requires a fraction of the resources used by conventional farms, but strict regulations have slowed its widespread introduction. Now, Gourmey has become the first company to apply for market access in the EU.
And in this week’s interview, Felicia hears from Nicki Harrison, director of sustainable finance at the Environmental Defense Fund Europe. Their conversation centres around sustainable finance, its implications for business and what the new government needs to do to drive green growth.
Thanks for joining us and don’t forget to listen to this week’s episode wherever you get your podcasts. We hope you enjoy the newsletter and if there’s anything you’d like to see more information about, myths you’d like dispelled or terms you’d like clarified, you can email us at [email protected].
Glossary - Cultured meat
Cultured meat, also known as lab-grown, cultivated or cell-based meat, is real meat produced by growing animal cells in a lab instead of raising and slaughtering animals. Cells are fed with a nutrient-rich solution called a growth medium, which contains essential nutrients such as amino acids, vitamins, minerals, and growth factors that the cells need to multiply.
The final product is exactly the same as meat produced through conventional farming, but it consumes far fewer resources and is widely considered less cruel to animals. The idea is to appeal to meat eaters, rather than vegetarians or vegans, to help them replace products derived from farming with a more sustainable alternative.
Busting a myth - The CSDDD doesn’t affect smaller businesses
Although the CSDDD, and equivalent regulations in other countries, do not explicitly apply to smaller businesses, they require large corporations to detail the impacts of their entire value chain. As these large corporations gather their data and attempt to reduce their footprint, they will depend heavily on the engagement of their smaller suppliers. They will favour those who can help them to comply, and exclude those who aren’t engaged.
The initial size/turnover criteria are only the first step: in the future, we can expect similar rules to be introduced for smaller companies, so it helps to be prepared in advance.
What we’ve been reading this week
Renewable sources have overtaken fossil fuels to generate 30% of the EU’s electricity in the first six months of this year. Coal and gas were outstripped by solar and wind in 13 Member States, including Germany, Belgium, Hungary and the Netherlands.
UK Chancellor of the Exchequer Rachel Reeves has confirmed the new Labour Government’s plans to increase and extend the windfall tax on oil and gas companies, while simultaneously decreasing their investment allowance.
The number of plastic bags found on UK beaches has dropped by an impressive 80% since the introduction of mandatory charges between 2011 and 2015. This is a clear example of policy decisions driving widespread behavioural change, raising the hope that similar measures could be successful in tackling other single-use items.
CEOs are encountering a record number of both ESG (Environmental, Social, and Governance) and anti-ESG shareholder proposals. Support for these proposals is mixed, with varied opinions on the importance and implementation of ESG principles in corporate governance. While it is positive to see these issues raised at the board level, the growing divide between investors is somewhat concerning.
The record temperature for the world’s hottest days has been smashed twice in one week, according to the Copernicus Climate Change Service. This is a stark reminder that we are tipping further and further into unchartered territory.
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