This blog updates the status of a selected range of environmental-related regulations following the European Parliamentary elections in June 2024. The non-exhaustive list of regulations ranges from nature restoration and anti-greenwashing requirements to waste, soil health, packaging and supply chain due diligence controls.

Legislative time is running short before the European Parliamentary elections on 6-9 June 2024. Corporates and investors should watch this pre-election period with considerable interest. European legislators are working on a range of regulations to finalise their adoption at the final Parliament Plenary sessions this month. These range from nature restoration and anti-greenwashing requirements, to waste & packaging and supply chain due diligence controls.

London 7 March 2024 – Betting on resource extraction over nature preservation is a financial mistake, according to Planet Tracker’s latest report, “How to Lose Half a Trillion”.

Mining the deep sea would be an ecological disaster that could cause over USD 500 billion in value destruction. The negative impact on the deep sea’s ecosystem services could lead to natural capital destruction of at least USD 465 billion, predominantly through habitat destruction.

London 12 February 2024 – In the face of escalating global climate concerns, in a new report from financial think tank Planet Tracker, corporations are being urged to reassess their affiliations with industry associations that diverge from their stated environmental objectives.

Company membership in trade associations has emerged as a critical area of concern, particularly when corporate management teams claim to be supportive of lowering their carbon footprint but are members of associations that appear to be at odds with the goals set out in the Paris Agreement. A new report from Planet Tracker urges corporations to reassess their affiliations with industry associations that diverge from their stated environmental objectives.

As decisions over the future viability of deep sea mining are under review, Planet Tracker’s latest report ‘The Climate Myth of Deep Sea Mining’ examines deep sea mining companies’ claim that mining polymetallic nodules could be a low carbon alternative to mining on land.

Comparing three academic lifecycle assessment studies evaluating the ‘nodule-to-commodity’ climate impact of metals produced from polymetallic nodules and land ores reveals that deep sea nodules could have 28% higher or 76% lower climate impact than land ores. Planet Tracker believes that such a marked variation in results is not a good enough basis for making decisions about the future of deep sea mining.

Last week, European businesses, financial institutions, entrepreneurs, NGOs and policymakers gathered at the 2023 European Business and Nature Summit (EBNS) in Milan, Italy, to discuss sustainable business models focused on biodiversity. Held one year before the next CBD COP16 (United Nations Convention on Biological Diversity), special attention was placed on empowering businesses to take transformative action to head towards a nature-positive society.

As negotiations for a Global Plastic Treaty are soon to enter their third round, the UN is providing the opportunity for sovereign states to tackle the global plastic pollution crisis. The Zero Draft option paper quite rightly includes a reduction in fossil-based plastic as part of the solution.