All Things Sustainable

The Greenhouse Gas Protocol has developed the world's most widely used greenhouse gas accounting standards and guidance since launching in 1998 as a joint initiative of the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).

In this episode of the All Things Sustainable podcast, we unpack how GHG Protocol is now evolving — including updating its Scope 2 guidance and Scope 3 standard, launching a new 'actions and market instruments' standard, and working with other standard-setters to create harmonization — for example, announcing a partnership with the International Organization for Standardization (ISO) in 2025.

"Historically, fragmentation in carbon accounting has been a huge problem," says Pankaj Bhatia, GHG Protocol Global Director at WRI and part of GHG Protocol's Secretariat.

In the episode, Pankaj explains what's ahead for greenhouse gas accounting and reporting standards and how GHG Protocol is responding to stakeholder feedback from recent public consultations.

"Climate change is not a siloed operational issue. It's a systemic issue," Pankaj tells us. "And if the problem is systemic, the accounting system must also be systemic."

Explore company carbon disclosure practices in the S&P Global Corporate Sustainability Assessment

Further reading: GHG Protocol Scope 2 Guidance public consultation: S&P Global Energy Horizons submitted response

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Copyright ©2026 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).

This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

How do you balance near-term energy priorities with the long-term reality of climate change and nature loss?

That's the big sustainability question we're asking in 2026, and in today's episode of the All Things Sustainable podcast, we sit down with Daniel Yergin to explore the answer.

Daniel is a Pulitzer Prize winner, S&P Global Vice Chairman, and Chair of CERAWeek, the annual S&P Global conference that has been described as "the Davos of energy." Daniel tells us what to expect when leaders from the public and private sectors convene in Houston, Texas March 23-27 for CERAWeek 2026.

This year's theme is Convergence and Competition: Energy, Technology and Geopolitics, and the conference will focus on many of the key issues we're watching through a sustainability lens this year, including AI, electrification, climate and critical minerals. Daniel explains how geopolitical fracture and economic competition are reshaping the landscape for all these topics.

"What we're seeing is the fragmentation, the end of the kind of globalization that we've known for the last three and a half decades," Daniel says. "How are people arranging their priorities when the agenda is more complex?"

Read S&P Global's Top 10 Sustainability Trends to Watch in 2026 | S&P Global

Read CERAWeek 2025 Key Takeaways for Sustainability Professionals

Read Copper in the Age of AI: Challenges of Electrification | S&P Global

Learn more about CERAWeek by S&P Global | The World's Premier Energy Conference | CERAWeek

Copyright ©2026 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).

This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

In this episode of the All Things Sustainable podcast, we explore how one of the world's largest tire manufacturers is working to balance profitability with sustainability across a global supply chain.

We talk with Antoine Sautenet, Chief Sustainability Officer at France-based Michelin Group, who outlines company strategies that prioritize climate, biodiversity, social equity and circularity alongside profit.

"Today it's very difficult to translate the sustainability performance into the price of our product," Antoine tells us. "So one of our challenges is to make that balance between profit and planet in order to be able to promote the right value of our product compared to our competitors."

Antoine describes how Michelin is increasing the use of recycled and renewable materials in its tires to reduce the company's reliance on fossil fuels and other resources. And he outlines how the company works with the many smallholder farms that produce rubber for its tires to drive sustainable agriculture practices.

This interview is the latest installment in our CSO Insights podcast series, where we interview Chief Sustainability Officers around the world about how they're navigating the changing sustainability landscape. Listen to other episodes in the series here.

Copyright ©2026 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).

This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

In this week's episode of the All Things Sustainable podcast, we're exploring how aging global populations are impacting retirement, the workforce and the economy.

We talk to Pat Tomlinson, President and CEO of global consulting firm Mercer, a Marsh McLennan business. Pat took the reins in 2024 and brings both global perspective and hands-on experience from the World Economic Forum's Longevity Economy Initiative, which aims to address the demographic and financial challenges of aging societies.

"Having fewer workers as people age and … a lower birth rate will impact employers and will impact business and will impact society as we think about how to grow GDP," Pat says.

Pat explains how retirement savings and healthcare systems need to evolve to meet the needs of the aging global population. And he outlines creative solutions that employers and governments are considering to address these challenges — including through public-private collaboration, AI, reskilling workers and flexible working arrangements.

Read the research: S&P Global's Top 10 Sustainability Trends to Watch in 2026 | S&P Global

Copyright ©2026 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).

This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

In this episode of the All Things Sustainable podcast, we're talking to Vijay Bains, Chief Sustainability Officer and Group Head of Environmental, Social and Governance at Dubai-based Emirates NBD, one of the largest banks in the Middle East.

Vijay says the region and its banking sector are "doubling down on sustainability as a growth driver." He explains the growing focus on water in particular, and how this will influence sustainable finance trends.

"We're going to see a lot more blue finance," Vijay tells us. "It's a really material topic due to the water stress within the region."

In the face of climate change, the bank is also financing adaptation projects. "Adaptation for us is now hitting the mainstream," Vijay says.

This interview is the latest installment in our CSO Insights podcast series, where we interview Chief Sustainability Officers around the world about how they're navigating the changing sustainability landscape. Listen to other episodes in the series here.

Listen to our previous interview with Vijay here: Talking climate finance ahead of COP29 | S&P Global

Read research from S&P Global Sustainable1: For the world's largest companies, climate physical risks have a $1.2 trillion annual price tag by the 2050s | S&P Global

Copyright ©2026 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).

This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

In this episode of the All Things Sustainable podcast, we explore the geopolitical and macroeconomic issues impacting sustainability, energy and climate strategies in 2026.

We speak to Carlos Pascual, Senior Vice President and Head of Geopolitics and International Affairs at S&P Global Energy and a former US Ambassador to Mexico and Ukraine.

Carlos describes a fragmented geopolitical landscape marked by significant uncertainty about the direction of global climate policy, action and finance — leaving progress largely in the hands of the private sector.

"We have huge changes ahead and look for the private sector to have to play a much more central role in the overall momentum on clean technology and investments in renewable energy," Carlos says.

We speak to S&P Global Ratings Global Chief Economist Paul Gruenwald to understand the macroeconomic factors influencing sustainability. Paul says AI is the dominant story for 2026.

"We're seeing great numbers out of data center and AI-related investment, but almost everything else is flat," Paul tells us.

To understand the outlook for climate change and the growing importance of adaptation alongside mitigation efforts, we speak to Dr. Terence Thompson, Chief Science Officer at the S&P Global Climate Center of Excellence. He explains how advances in climate science are helping to better understand the probability of climate hazards.

"Getting at that probability is really key to making those kinds of very practical decisions about how do we allocate limited resources to cope with climate change and adapt to it," Terence says.

And to understand the outlook for the energy transition, we speak to Roman Kramarchuk, Head of Integrated Narratives and Policy Analytics at S&P Global Energy. Roman explains how the world is balancing growing energy demands with sustainability priorities in an increasingly fractured global landscape.

"There's a big regional story here, and this is a regional story that plays out both in the technology, in the supply chains, and in the geopolitical side," Roman says.

Read S&P Global's Top 10 Sustainability Trends to Watch in 2026 | S&P Global

Read The Copper Conundrum: Why Meeting AI-Era Electrification Demands Is a Race Against Time

Listen to a replay of the Jan. 29 webinar: Sustainability Nexus: S&P Global's Top 10 Sustainability Trends to Watch in 2026

This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.

Copyright ©2026 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).

This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

In this episode of All Things Sustainable, we're exploring the role that private markets play in global supply chains.

We speak to Alex Friedman, Co-Founder and CEO of Novata, a sustainability data management platform for the private markets that partners with S&P Global.

In the interview, Alex explains the significance of small and medium-sized private companies in global supply chains — and why high-quality private markets data is important for understanding supply chain risks.

"Big public companies have been the ones that have been in the focus when it comes to sustainability," Alex says. "Yet a big public company can't figure out its overall sustainability footprint and how to improve things if they can't get their arms around their supply chain."

We also explore how private markets will evolve in 2026 in the face of advances in AI technology and a fragmented regulatory landscape.

"It's a multispeed story at the regulatory level," Alex says. "But big companies ... they work in so many jurisdictions that they have to collect information when it comes to sustainability. They have to make sense of it and you have to report on it. So that's not changing."

S&P Global is part of the consortium of organizations that supported Novata upon its launch in 2021.

Read S&P Global's Top 10 Sustainability Trends to Watch in 2026

Register for an S&P Global webinar about sustainability trends to watch on Jan. 29: Sustainability Nexus: S&P Global's Top 10 Sustainability Trends to Watch in 2026

Copyright ©2026 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).

This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

In this week's episode of the All Things Sustainable podcast, we bring you coverage of S&P Global Energy's Global Carbon Markets Conference, which took place in Barcelona, Spain in December 2025.

Nature was a major theme at the event, and topics of discussion included how carbon markets can be a driver of investment in nature and how new data tools can encourage investment in nature-related carbon projects.

In this episode, we sit down on the sidelines of the conference with Cain Blythe, Founder and CEO of CreditNature, a company working to make nature restoration investable.

"We've realized that what we used to do isn't fit for finance," Cain says. "So we developed a system that allows us to collect data in a standardized way ... that can be applied across multiple geographies and that can be cost effective at scale."

We also talk with Douglas Eger, Chairman and CEO of Intrinsic Exchange Group, who explains a model his company created for nature-based investments called a natural asset company (NAC). Capital invested in a NAC finances conservation, restoration, natural infrastructure and nature-based solutions.

"We think that engaging the private markets in an instrument that can scale, that gives the potential for a market rate of return, is what's missing from the market," Douglas tells us.

Listen to our previous coverage of S&P Global Energy's Global Carbon Markets Conference: How trade mechanisms, AI and innovation will influence global carbon markets in 2026

Read S&P Global's Top 10 Sustainability Trends to Watch in 2026

Read nature research from S&P Global Sustainable1: Companies around the world face risks from their reliance on nature | S&P Global

Copyright ©2026 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).

This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

We kick off the 8th season of the All Things Sustainable podcast by diving into the outlook for carbon markets.

For the first episode of the new season we sit down with several guests on the sidelines of the S&P Global Energy Global Carbon Markets Conference, which took place in Barcelona in December 2025.

We hear how the latest regulatory developments are expected to boost demand in 2026. We learn about the impact of innovation and AI on the market's development. And we hear how carbon markets can act as a tool for companies in developing their decarbonization strategies.

We speak to:

Mandy Rambharos, the CEO of Verra, the world's largest issuer of carbon credits and a standard setter for voluntary credits. She explains how key rules and guidelines for international carbon trading under Article 6 of the Paris Agreement on climate change are affecting the market;

Euan McDougall, the CEO of DelAgua, a Rwanda-based developer of carbon projects. He discusses other frameworks overseeing the issuance of carbon credits, including CORSIA, the Carbon Offsetting and Reduction Scheme for International Aviation;

Tomas Thyblad, Vice President of Carbon and Sustainability Solutions at Nasdaq. He tells us how he expects innovation and AI to impact carbon markets;

Juan Carlos Gómez, Principal Manager at ACCIONA Carbon Technologies, a division of Spanish infrastructure firm ACCIONA. He explains the role carbon markets play in ACCIONA's decarbonization strategy;

Olivia Albrecht, CEO of carbon investment management firm Artemeter, which worked with football club FC Barcelona on a project using carbon offsets to reduce emissions related to a stadium rebuild;

And Ingo Ramming, Head of Carbon Markets at Spanish bank BBVA. He explains how the EU's Carbon Border Adjustment Mechanism (CBAM) will impact carbon markets after becoming fully applicable Jan. 1.

Listen to our previous coverage on carbon markets:

What to expect from carbon markets in 2025

After COP29, what's next for carbon markets

Exploring the role of carbon markets in reaching climate targets

What's next for voluntary carbon markets

Copyright ©2026 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).

This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

As we prepare to ring in the New Year, holiday meals are on our minds and on many of our listeners' tables. In this episode of the All Things Sustainable podcast, we're exploring how some companies are working to make food systems more sustainable.

We talk with Ethan Soloviev, Chief Innovation Officer at HowGood, a research and data company focused on food sustainability. He explains the benefits of sustainable farming practices, also known as regenerative agriculture.

Kristina Friedman, Head of Sustainability for North America at Unilever, tells us how the consumer goods giant uses regenerative agriculture practices to support farmers and improve supply chain stability.

And we talk with Paloma Lopez, Chief Sustainability and Communications Officer and Head of Impact, Trust and Ethics at Bel U.S., which is part of food producer Bel Group. Paloma outlines how transitioning to regenerative agriculture is key to the company's decarbonization plan, its efforts to preserve biodiversity and the resiliency of its supply chain.

Listen to our prior episode featuring Kristina Friedman of Unilever here.

Learn about S&P Global's Agriculture Sustainability Service

We conducted these interviews during Climate Week NYC at The Nest Climate Campus, where the All Things Sustainable podcast was an official media partner.

Copyright ©2025 by S&P Global

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.

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