SustainCase newsletter – wk16, April 2025
IFRS, TNFD Launch Formal Collaboration on Nature-Related Sustainability Reporting
The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) announced a new agreement, formalising the collaboration between the organizations to enable nature-related financial disclosures for capital markets, including building upon the TNFD recommendations in the work of the IFRS’ International Sustainability Standards Board (ISSB).
Clean energy surges, but global CO2 emissions hit record high in 2024
Clean electricity sources provided over 40% of the world’s energy in 2024, driven largely by solar power’s growth. But despite the shift, global CO₂ emissions from electricity hit a new record due to rising demand, especially during extreme heat.
Case study: How Absa works with its clients and customers to encourage sustainable practices
April 15, 2025 – Absa is a diversified financial services provider operating across Africa, catering to individuals, small and medium-sized enterprises, corporations, multinational companies, financial institutions, banks, governments, and development finance organizations through five key business functions. The group is publicly listed on the Johannesburg Stock Exchange and also has a secondary listing on the A2X Exchange. Absa 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 AUB takes action on its PRB commitments
April 10, 2025 – Ahli United Bank Group (AUB) serves 549,370 clients through a network of 134 branches and a dedicated team of 3,655 members. The bank is continuously expanding and proudly manages subsidiaries and associates across seven regions: Bahrain (27%), Egypt (12%), Kuwait (8%), Other GCC (26%), the United Kingdom (8%), Asia (7%), Europe excluding the UK (5%), and others (7%). AUB’s dynamic model for financial services, combined with opportunities for international growth, effectively meets the financial needs of its clients in accordance with Shari’a rules and principles. AUB is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, taking action on its PRB commitments, including: impact analysis, target setting, client engagement, and governance. Read more.