The European Council has approved the simplification of the sustainability reporting and due diligence requirements for companies. This legislation simplifies the directives on corporate sustainability reporting (CSRD) and corporate sustainability due diligence (CS3D) by reducing the reporting burden and limiting the trickle-down effect of obligations on smaller companies.
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UK Government issues UK Sustainability Reporting Standards
The UK Department for Business & Trade has issued UK Sustainability Reporting Standards: UK SRS S1 and UK SRS S2. UK SRS have been created by assessing and endorsing the global corporate reporting baseline of IFRS Sustainability Disclosure Standards.
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Sodium ion battery stores twice the energy and desalinates seawater
Researchers at the University of Surrey in the UK have discovered that keeping water inside a key battery material dramatically boosts performance. The batteries then store nearly twice as much charge, charge faster and remain stable for hundreds of cycles. This makes them among the top-performing sodium batteries ever.
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University of Graz develops computation method for climate extremes
How much heat, flooding, drought and storms increase as a result of human-induced climate change can be calculated, according to a study by Gottfried Kirchengast and his team at the University of Graz. It can compute all relevant hazard metrics in any region worldwide. The researchers found that anthropogenic climate change has caused a tenfold increase in extreme heat in recent decades.
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IPBES: businesses can be positive agents of change
Every business depends on biodiversity, and every business impacts biodiversity. The growth of the global economy has been at the cost of immense biodiversity loss, which now poses a critical and pervasive systemic risk to the economy, financial stability and human wellbeing. This is a central finding of a report published by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES).
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Spain’s Repsol installs its second 100MW electrolyser
Repsol is making further progress in its industrial decarbonisation strategy through renewable hydrogen and will install its second large-scale electrolyser at its Petronor refinery in Muskiz close to Bilbao in Northern Spain. Last September, the company approved the construction in Cartagena of its first large electrolyser, with a capacity of 100 megawatts (MW).
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More decisive reform needed to secure UK leadership in finance
TheCityUK and PwC UK have published a report setting out the actions needed for the UK to lead in the next era of global finance. The report, ‘No time to lose: Reasserting UK leadership in financial and related professional services’, draws on engagement with over 300 senior leaders across industry, government, regulators and academia – and is underpinned by new economic modelling and international benchmarking from PwC.
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$100bn: turning clean fuel ambition into progress by 2030
Global investment in clean fuels will need to quadruple by 2030 to meet global clean fuel ambitions, according to a new World Economic Forum report 'Fuelling the Future: How Business, Finance and Policy can Accelerate the Clean Fuels Market', developed in collaboration with Bain & Company. Highlighting the potential of the sector to stimulate job growth and diversify energy supply, the report sets out policy, business and financing measures that can turn global goals into credible, economically viable projects.
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Millions in UK water company fines for waterway restoration
Water companies who broke environmental rules are now funding the recovery of England’s waterways, as local communities and environmental groups are being put in the driving seat to clean up rivers, lakes and seas. The UK Government is reinvesting £29m from water company fines into local projects which clean up the environment – funding over 100 projects which will improve 450km of rivers, restore 650 acres of natural habitats and plant 100,000 new trees.
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£43m boost for UK green aviation to drive growth
The investment comes as the UK Government drives forward plans for expansion at Heathrow, Gatwick and Luton airports. With the production of low-carbon fuels alone expected to add up to £5bn to the economy by 2050, the funding will drive millions of pounds of private investment into the aviation sector, says the Government.
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Severe convective storms the costliest insured peril of this century
Severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon's annual Climate and Catastrophe Insight report. The report shows how increasingly common, high-volume events are reshaping global loss patterns and highlights the critical importance of both physical and financial resilience to help organisations manage volatility and unlock insurability.
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UN: global economy holding up but clouded by uncertainty
The global economy has shown resilience, but the outlook remains clouded by trade tensions, fiscal strains and persistent uncertainty, according to a United Nations report. Growth is expected to slow to 2.7% in 2026, below 2025 levels and the pre-pandemic average, as subdued investment and structural headwinds weigh on momentum despite easing inflation and monetary loosening.
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WEF: global cooperation remains good in the face of geopolitics
Global cooperation is proving resilient even as multilateralism continues to face strong headwinds, according to the World Economic Forum’s Global Cooperation Barometer 2026. However, cooperation is below where it needs to be to address critical economic, security and environmental challenges. Dialogue is a critical factor in identifying pathways that advance shared interests.
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World Bank: worldwide economy steady but developing economies struggling
The global economy is proving more resilient than anticipated despite persistent trade tensions and policy uncertainty, according to the World Bank’s latest Global Economic Prospects report. Global growth is projected to remain broadly steady over the next two years, easing to 2.6% in 2026 before rising to 2.7% in 2027, an upward revision from the June forecast.
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FGS: The Global Radar 2026 reveals a world that is being rewired
The FGS Global Radar 2026 reveals a world that is being rewired - politically, economically, technologically and socially. Public pessimism is reaching crisis levels, divides are deepening, institutions that once moderated are losing their grip.