Krutika Sharma, Author at EcoActive

Krutika Sharma

59 articles published

EFRAG Rolls Out Multi-Language VSME Template and What SMEs Need to Know

NewsOctober 14, 20253KViews 0Likes 0Comments

The European Financial Reporting Advisory Group (EFRAG) has enhanced its digital sustainability reporting infrastructure for small and medium enterprises (SMEs) by launching a multi-language version of the VSME Digital Template and its accompanying XBRL Taxonomy. What’s New The updated template enables users to switch the display language and generate inline…

3 Steps Spanish Companies Must Take Now for ESG Compliance

3 Essential Steps for Spanish Companies to Comply with Royal Decree 214/2025 Carbon Reporting

BlogsSeptember 30, 20256KViews 1Like 0Comments

In 2025, Spain transformed its corporate sustainability landscape with the enactment of Royal Decree 214/2025. Carbon reporting is now a legal requirement, impacting thousands of organizations—from large private companies and public institutions to event organizers managing significant gatherings. What Does the New Regulation Demand? Mandatory Scope 1 and 2 Emissions Reporting: Starting with the…

Over 4,000 Companies Listed by CARB Under California’s SB 253 & SB 261 Climate Rules

NewsSeptember 30, 20253KViews 1Like 0Comments

The California Air Resources Board (CARB) has released a preliminary list identifying over 4,000 U.S. companies potentially subject to the state's new climate disclosure regulations, SB 253 and SB 261. This development underscores California's commitment to enhancing corporate transparency on climate-related risks and greenhouse gas emissions. Understanding SB 253 and SB 261 SB 253 (Climate…

Royal Decree 214/2025: Spain Launches Climate Emergency Plan

NewsSeptember 12, 20255KViews 1Like 0Comments

Spain has taken a decisive step in advancing its climate agenda with the publication of Royal Decree 214/2025 and the launch of its Climate Emergency Plan. Together, these measures move ESG reporting from voluntary to mandatory, requiring large companies and public institutions to measure, disclose, and reduce their carbon emissions while strengthening climate…

CSRD Compliance: What Listed Companies Must Do Now to Stay Compliant

Blogs, UncategorizedSeptember 11, 202517KViews 0Likes 0Comments

Introduction The Corporate Sustainability Reporting Directive (CSRD) continues to evolve. In 2025, the EU introduced a broad Omnibus simplification package and a targeted “quick-fix/stop-the-clock” amendment that adjusts aspects of CSRD timing and reduces reporting burden, while keeping the core objective—decision-useful, investor-grade sustainability information—intact. For listed companies across Europe the challenge is the…

California SB 261 Climate Disclosure 2026: CARB Releases Draft Reporting Checklist

NewsSeptember 9, 20253KViews 1Like 0Comments

September 2, 2025: The California Air Resources Board (CARB) released a draft checklist to support companies in preparing their first climate-related financial risk reports under SB 261, also known as the Climate-Related Financial Risk Disclosure Program. These reports are due January 1, 2026, and must then be submitted biennially thereafter. …

Understanding the VSME Reporting Standard: A Simple Guide for SMEs

BlogsSeptember 8, 202514KViews 0Likes 0Comments

The Voluntary Sustainability Reporting Standard for SMEs (VSME) is a voluntary sustainability reporting framework specifically designed for micro, small, and medium-sized enterprises that are not listed and do not fall under the scope of the Corporate Sustainability Reporting Directive (CSRD). SMEs in this context are businesses typically smaller in scale, often defined by employee…

Integrated Financial and ESG Reporting in 2025: Driving Transparency and Compliance

BlogsAugust 29, 20258KViews 0Likes 0Comments

In today’s rapidly evolving regulatory and investment landscape, Integrated Financial and ESG Reporting is no longer a “nice-to-have”—it is becoming a global standard. This shift is being driven not only by compliance requirements but also by the growing demand from investors, regulators, and stakeholders for transparency, accountability, and long-term value creation. In…

Hong Kong ESG Reporting Standards 2025: Rising Investor Demand Spurs Stricter Disclosures

NewsAugust 26, 20257KViews 0Likes 0Comments

August 26, 2025: Hong Kong is witnessing a surge in ESG investing, especially among family offices and wealth managers. This trend is prompting regulators—including the Hong Kong Stock Exchange (HKEX)—to tighten sustainability disclosure requirements and align with global standards. What’s New? Impact Investments Rising: By mid-2024, over half of family office deals in…

From Concept to Catalyst: A Complete ESG Guide to the TNFD Framework

BlogsAugust 11, 20259KViews 0Likes 0Comments

For decades, the “E” in ESG—Environmental—was largely synonymous with climate change and carbon emissions. But quietly, alongside the climate crisis, another catastrophe has been gaining momentum: the rapid loss of nature and biodiversity. According to WWF’s 2024 Living Planet Report, the average size of wildlife populations has declined by a staggering 73% between 1970 and 2020,…

EFRAG Launches Public Consultation on Simplified ESRS Drafts

NewsAugust 5, 20255KViews 0Likes 0Comments

July 31, 2025: EFRAG has released revised Exposure Drafts of the European Sustainability Reporting Standards (ESRS), marking a major step towards simplifying corporate sustainability reporting across Europe. Following the European Commission’s March 2025 request, these revisions respond to widespread stakeholder feedback to ease the reporting burden—particularly for smaller and mid-sized entities—while preserving the standards' core…

Canadian Sustainability Disclosure Standards: Timeline, Scope & What’s Next

BlogsAugust 4, 20257KViews 0Likes 0Comments

Introduction As the world moves rapidly toward transparency in sustainability, Canada has taken a significant step with its own sustainability disclosure framework— the Canadian Sustainability Disclosure Standards (CSDS). Developed by the Canadian Sustainability Standards Board (CSSB), CSDS 1 and CSDS 2 aim to bring structure, comparability, and credibility to how Canadian companies report…