Aneet Kumar, Author at EcoActive ESG

Aneet Kumar

88 articles published

EU High-Level Expert Group Proposes 10 Steps to Advance Sustainable Finance in Emerging Economies

NewsMay 8, 202466Views 0Likes 0Comments

The EU High-Level Expert Group (HLEG) on Scaling Up Sustainable Finance in Low and Middle-income Countries has released its final report, presenting 10 key recommendations to the European Commission. These steps aim to enhance private capital mobilization for sustainable projects, bridging the substantial financing gap for the Sustainable Development Goals (SDGs) estimated at USD 3.9…

54% of Global CEOs are Committed to Decarbonizing Their Business to Reach Net Zero: EY Survey

NewsMay 8, 202451Views 0Likes 0Comments

According to a recent EY survey, 54% of global CEOs are committed to decarbonizing their businesses to achieve net zero, reflecting a significant rise in prioritizing sustainability over the past year. While CEOs currently focus on AI transformation to enhance productivity, their long-term strategy includes creating new revenue streams aligned with net-zero goals. Despite this…

Understanding the UK’s ESG Reporting Requirements: A Guide for Businesses

BlogsMay 7, 2024145Views 0Likes 0Comments

Environmental, Social, and Governance (ESG) reporting has become an essential component of corporate transparency, serving as an indicator of a business's social responsibility, environmental sustainability, and governance quality. With the growing expectation for organizations to be accountable for their actions in these domains, ESG reporting has evolved into a critical component not only for ensuring…

London Metal Exchange (LME) Plans for Aluminium Producers to Submit Carbon Emission Data by 2025

NewsMay 7, 202465Views 0Likes 0Comments

The London Metal Exchange (LME) is set to require aluminium producers to submit verified carbon emission data by 2025. This initiative, aligned with the EU’s Carbon Border Adjustment Mechanism (CBAM), aims to mitigate carbon leakage and ensure that imported goods incur comparable carbon costs to those paid by EU domestic producers. This requirement will leverage…

Britain’s Climate Action Plan Deemed Unlawful, UK High Court Rules

NewsMay 6, 202451Views 0Likes 0Comments

The UK High Court has ruled that Britain's Carbon Budget Delivery Plan (CBDP) is unlawful due to its lack of clarity and unrealistic assumptions. The plan, which aims to reduce emissions by over two-thirds of 1990 levels by 2030 and achieve net zero by 2050, was criticized for being vague and not accounting for potential…

Breaking Down Barriers: Simplifying ESG Reporting for Small and Medium Enterprises

BlogsMay 2, 2024125Views 0Likes 0Comments

In today’s rapidly evolving business landscape, Environmental, Social, and Governance (ESG) reporting has transcended beyond a mere trend to become a vital component of corporate responsibility, particularly for small and medium enterprises (SMEs). ESG reporting offers a framework for SMEs to showcase their commitment to sustainable practices, which is increasingly crucial not only for aligning…

EU Approves 2-Year Delay for Reporting Obligations for Certain Sectors and Third-Country Companies

NewsMay 2, 202446Views 0Likes 0Comments

The Council has officially approved a directive amending the Corporate Sustainability Reporting Directive (CSRD), granting a two-year delay in the adoption of sustainability reporting standards for specific sectors and non-EU companies. This decision, aimed at easing the reporting burden, will postpone the implementation of sector-specific and general sustainability reporting standards to June 30, 2026. The…

ISSB Releases Digital Sustainability Taxonomy to Enhance Analysis of Financial Disclosures

NewsMay 2, 202457Views 0Likes 0Comments

The International Sustainability Standards Board (ISSB) has introduced the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy), designed to streamline the analysis of sustainability-related financial disclosures for investors and other capital providers. This taxonomy, aligned with IFRS S1 and S2 standards, allows for efficient searching, extraction, and comparison of sustainability data. It ensures consistency and supports dialogue…

New CREA Report Reveals China Misses Air Quality Goals as Their Economy Takes Priority

NewsMay 2, 202454Views 0Likes 0Comments

A new report by the Centre for Research on Energy and Clean Air (CREA) reveals that China has fallen short of its air quality targets, prioritizing economic growth over environmental concerns. Nearly half of the targeted cities missed PM2.5 reduction goals in late 2023 and early 2024. Henan province, particularly the Beijing region, saw some…

PwC Report: Over 70% of Critical Minerals for Net Zero Transition at Risk Due to Climate Change

NewsMay 2, 202446Views 0Likes 0Comments

A PwC report has revealed that over 70% of critical minerals essential for the net zero transition, such as copper, cobalt, and lithium, could face significant drought risks by 2050 under a high emissions scenario. The study highlights that even under a low emissions scenario, significant portions of the production of these minerals and key…

Unlocking ESG Insights: ISSB Launches New Digital Taxonomy for Enhanced Financial Disclosure

BlogsMay 1, 202483Views 0Likes 0Comments

The International Sustainability Standards Board (ISSB) has introduced a groundbreaking tool that promises to transform sustainability reporting: the IFRS Sustainability Disclosure Taxonomy, also known as the ISSB Taxonomy. This innovative digital taxonomy is designed to help investors and other financial stakeholders efficiently analyze sustainability-related disclosures, significantly enhancing the transparency and comparability of financial data on…

EU Approves 2 Year Delay to Sustainability Reporting Standards for Specific Sectors and non-EU Companies

NewsApril 30, 202465Views 0Likes 0Comments

EU member states in the European Council have greenlit a directive deferring the adoption of standards for sector-specific sustainability disclosures and sustainability reporting from companies outside the EU under the Corporate Sustainability Reporting Directive (CSRD). This decision, which follows the European Parliament's earlier approval, finalizes the postponement of the European Sustainability Reporting Standards (ESRS) for…