Microsoft has entered into a groundbreaking agreement with Rubicon Carbon to purchase 18 million tonnes of high-quality carbon removal credits. This long-term partnership is set to reshape the voluntary carbon market by unlocking large-scale private investment in nature-based climate solutions.

With Sustainability and ESG disclosures becoming more and more prevalent across the world, the public sector is now seeing its first climate-related disclosure standard for governments and other private sector entities. The International Public Sector Accounting Standards Board (IPSASB) has taken a proactive step towards developing a climate-related reporting standard specifically tailored for the public sector.