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CSRD

Harnessing the Power of AI in CSRD Compliance: Simplifying Processes and Maximizing Impact

BlogsMay 16, 2024139Views0Likes0Comments
With the increased transparency and accountability mandated by regulations such as the Corporate Sustainability Reporting Directive (CSRD), sustainability reporting has emerged as an essential component for organizations worldwide. As a result of these new regulations, businesses are required to disclose comprehensive information regarding their environmental, social, and governance (ESG) activities, thereby encouraging them to be more…

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Climate

Nearly Half of Gen Z and Millennials Reject Employers Over Climate Concerns: Deloitte Survey

NewsMay 16, 202485Views0Likes0Comments
A recent Deloitte survey reveals that nearly half of Gen Z and millennials have rejected employers due to climate concerns, highlighting the growing importance of environmental values in career choices. The 2024 survey, engaging nearly 23,000 respondents across 44 countries, shows that these generations prioritize job satisfaction, purpose, and sustainability. With the cost of living…

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Corporate Net-Zero Standard

SBTi Announces Major Revision of Corporate Net-Zero Standard, Outlines Objectives and Timeline

NewsMay 15, 202467Views0Likes0Comments
The Science Based Targets initiative (SBTi) has unveiled plans for a significant update to its Corporate Net-Zero Standard, detailing the objectives, scope, deliverables, provisional timeline, and stakeholder engagement opportunities. The revision aims to align with the latest scientific insights, address scope 3 target challenges, integrate continuous improvement, and enhance interoperability with other frameworks. Key steps…

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Sustainable Finance

UKSIF Research: £100bn AUM Could Shift to Sustainable Finance with Improved Policies

NewsMay 15, 202467Views0Likes0Comments
UK Sustainable Investment and Finance Association (UKSIF) research reveals that more favorable policies could shift up to £100 billion in assets under management (AUM) towards sustainable finance in the UK. The report highlights that 69% of finance sector decision-makers believe uncertainty over sustainability policy limits UK investment. Additionally, 95% of large UK finance firms would…

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ESG and Sustainability

EU Finalizes Guidelines to Combat Greenwashing in “ESG” and “Sustainability” Fund Names

NewsMay 14, 202461Views0Likes0Comments
The European Securities and Markets Authority (ESMA) has finalized new guidelines to tackle greenwashing in the investment sector. These guidelines require that at least 80% of investments in ESG or sustainability funds meet specific environmental, social, or governance criteria. The rules also set exclusion criteria for various sustainability-related terms to prevent misleading fund names. Scheduled…

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Renewable Energy

Australian Government Unveils $15 Billion Investment to Boost Renewable Energy, Critical Minerals

NewsMay 14, 202474Views0Likes0Comments
The Australian government has announced a substantial A$22.7 billion ($15.0 billion) investment package to enhance domestic manufacturing and renewable energy sectors. This initiative aims to reduce Australia's dependence on foreign suppliers, boost economic resilience, and position the nation as a leader in the global transition to net zero. Key investments include $3.2 billion for the…

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CSRD Compliance

Importance of Digitial Reporting (XBRL) in CSRD Compliance

BlogsMay 13, 2024215Views0Likes0Comments
The European Union's commitment to improving corporate transparency and accountability in sustainability practices has advanced significantly with the introduction of the Corporate Sustainability Reporting Directive (CSRD). Expanding upon the framework established by the Non-Financial Reporting Directive (NFRD), the Corporate Sustainability Reporting Directive (CSRD) requires a wider variety of businesses to provide comprehensive information about their…

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ESG Compliance Checklist

ESG Compliance Checklist: Your Roadmap to Sustainable Success

BlogsMay 9, 2024178Views0Likes0Comments
Environmental, Social, and Governance (ESG) compliance represents a company's dedication to conducting business sustainably and ethically, surpassing conventional business metrics in its scope. With stakeholder expectations for greater accountability and transparency on the rise, compliance with environmental, social, and governance (ESG) standards becomes essential for regulatory conformance and long-term business sustainability. By employing an ESG…

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Reduce Methane Emissions

Biden-Harris Administration Finalizes Rule to Reduce Methane Emissions in Oil and Gas Sector

NewsMay 8, 202459Views0Likes0Comments
The Biden-Harris Administration has finalized a new EPA rule to strengthen methane emissions reporting for the oil and gas sector, mandated by the Inflation Reduction Act. This rule aims to improve transparency and accountability by using advanced technologies such as satellite data to identify and quantify emissions accurately. This initiative is part of a broader…

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Sustainable Finance and FinTech

UK and Singapore Enhance Cooperation in Sustainable Finance and FinTech

NewsMay 8, 202473Views0Likes0Comments
The United Kingdom and Singapore have reaffirmed their commitment to advancing sustainable finance and fintech innovation during the 9th UK-Singapore Financial Dialogue. Key outcomes include collaborative efforts to scale transition finance, the adoption of International Sustainability Standards Board (ISSB) standards for consistent sustainability disclosures, and initiatives to mobilize private capital for green infrastructure projects in…

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