REP Wrap: Nestle leaves methane collaboration

Your weekly summary of corporate sustainability news.

Nestlé has left an alliance of major food companies committed to reducing methane emissions after less than two years. The Dairy Methane Action Alliance, launched in 2023, also includes Danone, KraftHeinz and General Mills. Nestle did not give a reason for its departure.  

The International Transition Plan Network has published an interactive map of jurisdictional climate transition plan requirements for companies. It can be viewed here. 

Singapore’s consumer protection agency has released guidance for companies on how to avoid greenwashing. The five principles put out by the Competition and Consumer Commission of Singapore include that any claim should be reasonably substantiated with “credible evidence”. The guide also includes case studies to help businesses apply the principles.

The Science Based Targets initiative has launched an “urgent” 30-day consultation on updates to its forest, land and agriculture (FLAG) criteria. Stakeholders are being asked to give feedback on five proposed updates, including alignment with the EU’s Deforestation Regulation.

The International Organisation for Standardisation (ISO) has published its first biodiversity standard. ISO 17298 is designed to be interoperable with existing frameworks like the Taskforce on Nature-related Financial Disclosures, and aims to provide a “practical, scalable framework to help organisations assess their biodiversity impacts, dependencies, risks and opportunities”. 

Auditors raised a red flag against just 1% of the 600+ reports published under the first wave of the EU’s Corporate Sustainability Reporting Directive. That’s according to the Sustainability Reporting Navigator, an academic database that will publish analysis of CSRD assurance trends this week.