SustainCase newsletter – wk6, February 2025
EU Pledges “Far-Reaching Simplification” in Sustainability Reporting in New Competitiveness Roadmap
The European Commission announced the release of its highly-anticipated “Competitiveness Compass”, outlining its new roadmap aimed at boosting Europe’s productivity and global competitiveness, through a wide-ranging series of measures to promote innovation and investment, reduce administrative burdens on companies, and lower energy costs in the EU.
ChatGPT’s monthly carbon footprint equivalent to 260 transatlantic flights
AI carbon emissions have reached alarming levels raising urgent questions about artificial intelligence’s environmental sustainability, with recent data revealing that ChatGPT’s environmental impact rivals that of international air travel.
Case study: How the MPS Group works with its clients and customers to encourage sustainable practices
February 4, 2025 – Established in 1472 by Banca Monte dei Paschi di Siena with a focus on sustainability, the Montepaschi Group has become one of Italy’s foremost banks, significantly contributing to the nation’s economy. It offers a comprehensive array of mostly traditional services to both retail and commercial banking clients. Currently, the MPS Group has a presence in every Italian region, boasting a network of 1,362 branches, 127 specialized centres for SMEs, Family Offices, and Private clients, as well as 109 financial promotion desks. The MPS Group is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, working with its clients and customers to encourage sustainable practices and enable sustainable economic activities. Read more.
Case study: How BAC takes action on its PRB targets: climate strategy and inclusion and financial health
January 30, 2025 – BAC is an organization boasting over 70 years of experience and a strong presence across all Central American countries. It provides financial products and services to 4.7 million clients in the region, supported by a workforce of over 20,000 employees. BAC is a signatory of the Principles for Responsible Banking (PRB) and has, accordingly, set and published two targets which address two different areas of most significant impact that BAC identified in its impact analysis. Read more.