Caroline Bush’s Post

Some great coverage in ESG Investor today, as Caroline Bush reacts to the confirmation of a UK Carbon Border Adjustment Mechanism (CBAM). Slated to come into effect from January 2027, the UK CBAM follows in the wake of the EU CBAM. Caroline helps unpack some of the proposed variations between the two, as well as the issues and opportunities that businesses may face when needing to comply with both taxes. “As well as coming into effect one year later, a crucial difference is that, unlike the EU CBAM, the UK proposal does not include electricity,” said Caroline Bush, Associate Director in the Environment Team at Osborne Clarke. Our Decarbonisation team has been following the introduction of the CBAM in the EU as well as the UK – you can find their latest insight on this topic here > https://lnkd.in/eKrxRcTu Read the full ESG Investor article here > https://lnkd.in/eG236ZvR #CBAM #Decarbonisation #ESG

My very knowledgeable colleague and friend Caroline Bush unpacks the UK CBAM and how it compares to the EU CBAM in this great feature in ESG Investor! With some key differences between the two regimes, importers will need to be alive to the pending carbon tax.

🌍 Must-read coverage in ESG Investor! Caroline Bush shares her expert insights on the UK's new Carbon Border Adjustment Mechanism (CBAM) and what it means for businesses. Essential information for staying ahead in the decarbonisation journey!

DNBs Head of Sustainable Finance Nina Ahlstrand and Head of Sustainability Development Morten Knutzen have given a great interview (in my unbiased opinion) to Environmental Finance setting out a little bit on: 💡 How we at DNB think about Transition Finance 💲 The role we think it needs to play in the financial markets, and 📑 Why we have chosen to develop and launch our own framework https://lnkd.in/dcdiT6xJ #DNBTransitionFinanceFramework #Sustainablefinance #Transitionfinance #LMA #APLMA #ICMA

The UK government’s recent proposals to regulate ESG ratings agencies have sparked significant interest. Read more about how these proposals could support transformative sustainability investments in this article by Nicola Williams #ESG #Sustainability

Goodwill in sustainability ? That’s over ! The EU is flexing its muscles with CBAM 💪🌍 I recall a conversation with a multinational executive who still believed that showcasing a nice ESG strategy was enough to attract the market. He was wrong. Talk is no longer enough, and financial penalties are here to prove it. The Carbon Border Adjustment Mechanism (CBAM, for insiders) is coming, and it’s going to sting : 👉 Importing to the EU ? Carbon footprint mandatory. 👉 High carbon footprint ? Carbon tax. 👉 Not playing by the rules? Financial penalties. The numbers ? The EU expects to collect between €5 and €14 billion per year by 2030 through this carbon border tax 🌍💶 Companies that don’t take this mechanism seriously today... ...will be penalized tomorrow. 🛑 Simply put : If you don’t embrace ESG now, you risk waking up to a hefty bill tomorrow. The real question now is : Do you want to be a leader or a follower in your market ? Because sustainable value creation is no longer a nice-to-have for a clear conscience. It’s becoming THE condition to stay in the game.

As industries adjust to the evolving Carbon Border Adjustment Mechanism (CBAM) regulation, it's crucial to be aware of key provisions impacting carbon accounting. One such provision is the cap limiting the use of default emission factors to 20% of the emissions declared. 🔎 What does this mean? This limit encourages industries to report actual emissions rather than relying on estimates, driving more accurate carbon tracking and incentivizing greener processes. While the transition may be complex, it's a vital step toward more accountable carbon management and a greener global economy. At Net Carbon Vision - NCV, we are working with partners to ensure seamless integration of these regulations into their sustainability frameworks, aiding in transparent and compliant carbon accounting through its Digital solutions. Together, we are fostering a low-carbon future. 🌿 Reach us at- info@netcarbonvision.com #CBAM #CarbonAccounting #Sustainability #Decarbonization #NetZero #CarbonFootprint

🌍 A Busy Day for Voluntary Carbon Markets (#VCMs)! With #FinanceDay at #COP29, much of today’s focus was on financing the climate transition, with a strong emphasis on improving VCM integrity and transparency. As global CO₂ emissions hit a record high in 2024—projected at 41.6 billion metric tons, up from 40.6 billion tons last year (per the Global Carbon Budget)—corporate plans to reduce emissions have never been more critical. VCMs offer a vital way to drive climate finance during the transition to net-zero, especially for hard-to-abate emissions. At COP, the ecosystem was fully engaged: independent governance bodies like The Integrity Council for the Voluntary Carbon Market (ICVCM) and VCMI discussed advancing high-integrity carbon markets, standard developers Verra and Gold Standard explored implementing Article 6.2 of the Paris Agreement, and regulators published guidelines to ensure financial integrity in VCMs (link in comments to International Organization of Securities Commissions - IOSCO new report). 📣 In line with these developments, I’m thrilled to share the latest report in Chartered Professional Accountants of Canada (CPA Canada)'s VCM series. This second installment provides an in-depth look at voluntary carbon credit use in Canada, compared to global trends, and offers insights into project types, locations, and #accounting and #disclosure requirements. https://lnkd.in/gp8j8tH3 Together with our first report on carbon markets, this series builds understanding of what makes a high-quality carbon credit—critical to establishing trust in these markets and driving impactful #climateaction. Proud of the insights in this report, and grateful to have collaborated with our partners, Institute for Sustainable Finance and IFAC. Rosemary McGuire Stathis Gould Yingzhi Sarah Tang Apoorva Hegde, PhD Maya Saryyeva David Watson Ryan Riordan

At yesterday's Spring Budget, the Chancellor of the Exchequer announced the UK Government will soon regulate ESG Ratings providers. In the face of investor greenwashing concerns, the reforms hope to "improve clarity and trust". More information from yesterday's announcement, with comments from Oscar Warwick Thompson at UKSIF and Simon Jones at Hymans Robertson, can be found here - https://lnkd.in/eYhjaeJy However, the UK's reforms are not rare. Environmental Finance's Michael Hurley recently did a deep-dive into the other global jurisdictions considering similar regulations. Read more here: https://lnkd.in/eXf7_YFg #PrivateCapital #SpringBudget #SustainableInvesting #ESG

CCUA has published its 2023 ESG report highlighting the significant contributions of Canada’s credit unions to the Canadian economy. To learn more about how the sector is positively impacting local communities through its commitment to environmental, social, and governance initiatives, please read the full report here: https://lnkd.in/eHsgnpUN #ESG #CreditUnions #SustainableFinance #CommunityImpact #Governance