Here’s the Daily ESG Digest for November 11th, Friday.

1. (North America) Climate Target Disclosure. The Biden administration announced today its new proposed Federal Supplier Climate Risks and Resilience Rule, requiring federal government suppliers to disclose emissions and climate-related financial risk data, and to set science-based emissions reduction targets. (Link)

2. (Europe) Sustainability Reporting Rules. The European Parliament adopted the Corporate Sustainability Reporting Directive (CSRD) on Thursday. The new rules will significantly expand the number of companies required to provide sustainability disclosures to over 50,000 from around 12,000 currently, and introduce more detailed reporting requirements on company impacts on the environment, human rights and social standards and sustainability-related risk. (Link)

3. (Global) $600 Million Climate Funding. The IKEA Foundation, a strategic philanthropy funded by IKEA owner INGKA Foundation, announced today plans to deploy €600 million in climate funding by 2025. Key areas of deployment identified by the foundation include stimulating a shift to alternative and plant-based proteins, and reducing methane emissions in agriculture. (Link)

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