Prathamesh Devlekar, Author at EcoActive ESG

Prathamesh Devlekar

173 articles published

Leveraging Technology to Meet ESG Reporting Obligations Across Different Regions

BlogsSeptember 16, 2024228Views 0Likes 0Comments

Overview of ESG Reporting Environmental, Social, and Governance (ESG) reporting has become a crucial aspect of the global business landscape. Companies are increasingly expected to disclose their ESG practices and performance due to heightened regulatory demands and stakeholder pressures. ESG reporting helps organizations demonstrate their commitment to sustainable practices, ethical governance, and social responsibility. It also…

CSRD vs. SEC ESG Requirements : Key Differences and Implications for Multinational Corporations

BlogsSeptember 6, 2024230Views 0Likes 0Comments

Definition and Evolution of ESG Reporting ESG Reporting involves the disclosure of a company’s practices in three key areas: Environmental, Social, and Governance. Originating from the broader concept of corporate social responsibility (CSR) in the 1960s and 1970s, ESG reporting gained traction in the 1990s with frameworks like the Global Reporting Initiative (GRI). The 2000s saw…

Comprehensive Guide to ESG Reporting for Businesses in the EU, US, UK, and Canada

BlogsSeptember 3, 2024253Views 0Likes 0Comments

The Growing Importance of ESG Reporting Across the Globe As the global focus on sustainability intensifies, ESG (Environmental, Social, and Governance) reporting has become increasingly crucial for businesses worldwide. This shift is driven by mounting pressure from investors, regulators, and consumers who demand greater transparency and accountability regarding corporate sustainability practices. Effective ESG reporting not only…

Africa Faces Steep Costs as Temperatures Soar, Says WMO

NewsSeptember 3, 2024171Views 0Likes 0Comments

Africa faces an increasingly heavy toll from climate change with many countries having to spend up to 9% of their budgets battling climate extremes, a World Meteorological Organization (WMO) report said on 2nd September. Despite producing far lower greenhouse gas emissions than other continents, Africa's temperatures have risen more rapidly than the global average. African…

FTSE Russell Expands Climate-Aligned Bond Indices to Include High-Yield and Emerging Markets

NewsSeptember 3, 2024154Views 0Likes 0Comments

FTSE Russell has expanded its Fixed Income EU Climate Benchmark index series to include high-yield securities and emerging markets, aligning these with the 2015 Paris Climate Agreement. Launched in June 2024, the phase 2 indices introduce a broader array of bonds to cater to the growing demand for climate-aligned fixed income investments. These new indices,…

India’s Bioeconomy to Triple to $300 Billion by 2030 Under New BioE3 Policy for Sustainable Growth

NewsSeptember 3, 2024156Views 0Likes 0Comments

India is on a path to significantly expand its bioeconomy, with projections indicating growth from $130 billion in 2024 to $300 billion by 2030. This expansion is driven by the newly introduced Biotechnology for Economy, Employment and Environment (BioE3) policy, which aims to position India as a leader in sustainable development and bio-based industries. India’s…

EIB’s New EUR 5 Billion Climate Bond Surpasses EUR 100 Billion in Green Funding

NewsSeptember 3, 2024171Views 0Likes 0Comments

The European Investment Bank (EIB) has taken another significant step towards sustainability by issuing a new EUR 5 billion Climate Awareness Euro Area Reference Note (EARN). This 10-year bond, due September 4, 2034, pays an annual coupon of 2.625% and was priced at 98.937%. This latest issuance, over seven times oversubscribed, highlights EIB’s pivotal role…

8 Alarming Stats Reveal the Hidden Costs of Global Plastic Pollution

NewsSeptember 3, 2024141Views 0Likes 0Comments

Plastic’s convenience has led to its widespread use, but the environmental costs are staggering. Every year, 400 million tonnes of plastic waste are generated worldwide, with 60% ending up in the environment or landfills. Our reckless plastic use and consumption has driven the world to generate approximately 400 million tonnes of plastic waste each year.…

US Regulator Finds Banks Have Work to do on Climate Risk, Sources Say

NewsSeptember 3, 2024122Views 0Likes 0Comments

A top U.S. banking regulator has found that major lenders are in the early stages of assessing and managing the risks climate change poses to their businesses, and that significant work is needed in some areas, three people familiar with the matter said. The Office of the Comptroller of the Currency conducted a review last…

Climate Week NYC : Join GRI’s Push For Enhanced Corporate Transparency

NewsSeptember 3, 2024110Views 0Likes 0Comments

As Climate Week NYC approaches, the global conversation on climate change is intensifying, and the need for effective action by all stakeholders is clear to see. As the enabler for transparency on sustainability impacts, GRI has an important role in the debate, as demonstrated by the new Climate Change and Energy Standards currently under development.…

EFRAG Publishes the ESRS Set 1 XBRL Taxonomy

NewsSeptember 3, 2024182Views 0Likes 0Comments

EFRAG publishes its XBRL Taxonomy for ESRS Set 1, which enables the digital tagging of ESRS statements. In addition, EFRAG publishes the XBRL Taxonomy for Article 8 disclosures that the EC requested EFRAG prepare. The digital taxonomies enable the marking up ('tagging') of sustainability reporting in machine-readable XBRL format. EFRAG was tasked by the European…

Top ESG Reporting Challenges for North American and European Companies

BlogsAugust 29, 2024215Views 0Likes 0Comments

In today's global business environment, Environmental, Social, and Governance (ESG) reporting has become essential for showcasing corporate responsibility, managing risks, and driving sustainable growth. This transparency is crucial for meeting the rising expectations of investors, regulators, and consumers in North America and Europe, who demand increased accountability and compliance with evolving regulations. This blog will…