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Clever.

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Clever.

ESG in 5 Sustainability News - 10-03-2026

  • Mar 10
  • 2 min read

This week’s ESG update highlights how businesses, financial institutions and policymakers are accelerating efforts to address climate risk and sustainability disclosure. From aviation exploring durable carbon removal and global firms targeting methane emissions, to new reporting rules in South Korea and large-scale green finance commitments from development banks, sustainability continues to move deeper into mainstream strategy, investment and regulation across global markets.



Boeing backs durable carbon removal for aviation emissions.


Boeing has signed a multi-year agreement with carbon removal platform Carbonfuture to purchase at least 40,000 tonnes of durable carbon removal credits, sourced from biochar projects across the Global South. The deal represents one of the largest procurements of high-durability carbon removal in the aviation sector.


The agreement targets emissions that remain difficult to eliminate through technology or fuel improvements alone. For aviation and other hard-to-abate industries, durable carbon removal is emerging as a complementary tool alongside efficiency gains and sustainable fuels.



Big tech and finance launch $100m methane initiative.


Google, JPMorgan and a coalition of major organisations have launched a $100 million initiative to tackle “super pollutants” such as methane, which have a far greater short-term warming impact than carbon dioxide.


The programme aims to accelerate solutions that reduce methane leaks across sectors including energy, agriculture and waste. With methane responsible for a significant share of near-term warming, targeted action in this area is increasingly seen as one of the fastest ways to slow climate change.



South Korea prepares mandatory sustainability reporting.


South Korea has announced plans to introduce mandatory sustainability reporting starting in 2028, aligning its corporate disclosure framework more closely with global ESG reporting standards.


The phased rollout will begin with larger listed companies before expanding across the market. The move reflects a broader global shift as regulators integrate climate and sustainability disclosures into mainstream financial reporting requirements.



EBRD targets $162bn in green finance by 2030.


The European Bank for Reconstruction and Development (EBRD) has unveiled a new transition strategy aiming to mobilise €162 billion in green finance by 2030.


The funding will support projects focused on climate mitigation, energy transition and sustainable infrastructure across the bank’s regions. Development banks are increasingly positioning themselves as catalysts for large-scale private investment into climate and sustainability solutions.



HSBC strengthens sustainable finance leadership.


HSBC has appointed Denise Odaro as Head of Sustainable Finance and Transition, reinforcing its leadership structure around climate finance and transition planning.


The role will focus on scaling sustainable finance solutions for corporate clients as industries shift toward lower-carbon business models. For global banks, strengthening ESG leadership teams reflects growing demand from companies navigating the financial and strategic challenges of the energy transition.



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