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The reverberations from last month’s historic COP28 agreement to transition away from fossil fuels are already impacting policy. Illustrated by the UK removing limits on environmental penalties, US companies should take note of tightening emissions regulations worldwide.

Telecommunications giant Lumen Technologies recently published its 2022 ESG report underscoring a commitment to "digital trust, social responsibility and environmental stewardship."

Volvo Cars unveiled a new target to reduce CO2 emissions per vehicle by 75% by 2030 compared to 2018 levels. This ambitious goal builds on existing pledges only to sell electric cars this decade and become a climate-neutral company by 2040.